BOOK REVIEW: ECONOMIC DEVELOPMENT (12TH ED.) BY MICHAEL P. TODARO AND STEPHEN C. SMITH

Authors

  • Marietta M. Musyoka Tangaza University, Kenya

Abstract

This review examines the relevance of chapters 1-3 of the 12th edition of "Economic Development" by Michael P. Todaro and Stephen C. Smith to environmental policies governing water catchment areas in Wote, Makueni, Kenya. The book provides a comprehensive overview of economic development, including the definition of freedom and its relationship with development, problems and policies at the local level, and historical development theories. The authors argue that GDP and GNP are inadequate tools for measuring development, as they do not capture social cohesion, environmental sustainability, or human well-being.

Keywords: Economic Development, Human Development Index (HDI), Neoclassical Growth Theory, Development Theories, Policy and Governance

References

Todaro, M. P., & Smith, S. C. (2012). Economic Development (12th ed.). Pearson Publications. ISBN 978-013-801388-2.

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Published

2025-02-07

How to Cite

Musyoka, M. M. (2025). BOOK REVIEW: ECONOMIC DEVELOPMENT (12TH ED.) BY MICHAEL P. TODARO AND STEPHEN C. SMITH. African Journal of Emerging Issues, 7(3), 34–36. Retrieved from https://ajoeijournals.org/sys/index.php/ajoei/article/view/767

Issue

Vol. 7 No. 3 (2025)

Section

Articles