Economic Development Todaro-smith Powerpoint Slides |best|
In their seminal textbook Economic Development Michael P. Todaro Stephen C. Smith
9. Macro Policy & Development (Ch. 14-15)
- Inflation & debt crises: Latin American 1980s (lost decade).
- Structural Adjustment Programs (SAPs): Privatization, deregulation, spending cuts – social costs.
- Microfinance: Grameen Bank model; empowerment vs. over-indebtedness.
- Corruption & Governance: Effects on growth; role of institutions (Acemoglu & Robinson).
- Objective: identify when markets fail
- Bullets: externalities, public goods, imperfect information, coordination failures; policy tools
- Visual: examples matrix
- Agriculture and rural development
Discusses linear stages of growth, structural change models (like the Lewis Two-Sector Model), and the international dependence revolution. View this deck on SlideShare (Chapter 3) Chapter 4: Contemporary Models of Development Economic Development Todaro-smith Powerpoint Slides