Michael Todaro (Economist)

Michael Todaro is an influential economist known for his work in development economics, particularly regarding how countries can achieve economic growth and improve living standards. He is best known for the "Todaro Model," which explains rural-urban migration, highlighting how individuals move to cities in search of better job opportunities. His research emphasizes the importance of education, income distribution, and job creation in fostering economic development. Todaro has also authored prominent textbooks, such as "Economic Development," which are widely used in academic settings to teach students about the complexities of economic growth in developing countries.