Economic Development Todaro-smith Powerpoint Slides

"Economic Development" by Michael P. Todaro and Stephen C. Smith

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• Definition of urban bias
• Effects of urban bias on rural areas
• Examples of urban bias in economic development policies

• Objective: policies for rural welfare
• Bullets: land reform, Green Revolution, rural credit, infrastructure
• Visual: before/after farm productivity example

International Dependence Models: Theories suggesting that underdevelopment is caused by an unequal global system. "Economic Development" by Michael P

• Title: "The Three-Stage Model of Economic Development"
• Table:

  Economic development is a multifaceted process that involves the transformation of an economy from a low-income, low-productivity economy to a high-income, high-productivity economy. The Todaro-Smith model provides a comprehensive framework for understanding the complexities of economic development. Definition of urban bias Effects of urban bias