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A complete, balanced introduction to the theory, issues, and latest research. Economic Development–the leading textbook in this field–provides readers 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 so readers see how theory relates to the problems and prospects of developing countries. The eleventh edition offers new sections on the global financial crisis and vio