Economic Development, 12th edition by Michael P Todaro

Economic Development by Michael P. Todaro is a comprehensive textbook examining the theories, policies, and empirical evidence that shape development across low- and middle-income countries. Now in its 12th edition, the book synthesizes classical and contemporary approaches to understanding how economies grow, how poverty persists, and what institutional and policy frameworks enable sustained progress.

Todaro addresses the core questions of development economics: Why do some nations prosper while others stagnate? What role do human capital, technological innovation, and institutional quality play in long-term growth? The text integrates case studies from Africa, Asia, and Latin America, grounding abstract theory in real-world contexts. Chapters cover poverty and inequality, population dynamics, agricultural transformation, industrialization, trade policy, foreign aid, and environmental sustainability. The 12th edition reflects recent scholarship on inclusive growth, climate change, and digital disruption in developing economies.

This edition is widely adopted in undergraduate and postgraduate development economics courses. It balances rigor with accessibility, making it suitable for students new to the field as well as those preparing for advanced research or policy work. The text includes data, tables, and discussion questions designed to encourage critical engagement with development challenges.

• 12th edition with updated global data and case studies
• Covers poverty, inequality, growth, and structural transformation
• Integrates theory with empirical evidence from multiple regions
• Suitable for undergraduate and graduate-level coursework
• Includes chapter summaries, discussion questions, and references

Available nationwide across Pakistan with Cash on Delivery. Delivery is arranged throughout the country for your convenience.