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For courses on economic development Accessible theory, relevant policy issues, and the latest data and research, in the context of a thorough introduction to the developing world. Economic Development, - the leading textbook in this field - provides students with a complete and balanced introduction to the requisite theory, driving policy issues, and latest research. Todaro and Smith take a policy-oriented approach, presenting economic theory in the context of critical policy debates and country-specific case studies, to see how theory relates to the problems and prospects of developing countries.New to this edition * Findings Boxes - new intuitive introductions to important recent research* Global Crisis - up-to-date challenges and opportunities for developing countries* Policy Analysis and case studies - review great progress in many developing countries, plus big challenges such as violent conflict and climate change; insights from comparative case studies such as Costa Rica, Guatemala and Honduras.