ECONOMIC DEVELOPMENT Fall 2010 Eco 31-443 Dr. Ken Roberts (robertsk@southwestern.edu) Office: Hours: MBH 334 MW 10:30-11:30 Course Objectives 1. To introduce central economic and social issues facing the less-developed countries of the world. The experience of China and Mexico, two rapidly developing countries that are especially important to the United States, will be used to illustrate key concepts. 2. To impart an understanding of the controversies surrounding these issues through readings written by leading scholars in the field. 3. To show how economic theory can shed light upon the causes of underdevelopment and possible solutions. While there is no prerequisite for this course, an introductory economics course is recommended. 4. To explore the problems and prospects for the development of one less-developed country in depth through individual research, and in the process develop skills in the collection, analysis and written interpretation of data. Required Readings The Atlas of Global Development, World Bank and Harper Collins, 2009. Reader. Most of the required articles are included in a reader available at PostalAnnex in Round Rock (828-4549); additional material will be handed out in class or made available on the course website at http://segue.southwestern.edu/. Assignments 1. The success of this course depends upon your active participation in class discussion of the assigned readings, so it is essential that you complete the readings before the class for which they are assigned and be prepared to discuss the concepts and issues raised. 2. For each of the major topics of the course (listed in the schedule below in bold), you will prepare a short (2-3 pages), well-organized, and thoughtful essay consisting of a question and a response that ties together the readings on the major topic. This essay should be posted on the course website by the evening before the class it is due. Choose the two terms from the readings that you think are most important and append them to your essay. 3. For a country of your choice, you will prepare a report in four parts that addresses major topics of the course – history and culture, population, rural-urban interactions, and economic liberalization – as they relate to your country. In the preparation of this report, you will need to make full use of the library’s research resources, including journals, reference materials, and databases. Data presented in these reports will be posted to a central source well before the due date so that students can compare their country with others in the region. 1 Attendance Active participation in class discussion and data analysis is the context for learning in this course. To this end, attendance is required at all classes. You can take one absence that is not ‘officially’ excused by team travel or sickness; each additional absence will result in a deduction of 2 of the 10 points of your participation grade. (Note that if you do miss a class for whatever reason, you are still responsible for turning in any assignments due by the end of class that day.) In addition, when data is turned in online, a penalty will be assigned if it is late, incomplete, or improperly formatted. Grading In addition to the essays and reports, there will be a final exam consisting of identification and essays based upon readings and discussion. Many of the IDs will come from the lists you send me with your essays. A map quiz, given the second week of class, will count as 10% of the exam grade. 40% 30% 20% 10% Country report and related presentations (4) Essays on assigned readings (6) Final exam Participation Aug 24 Course Outline and Schedule Course Introduction 26 The Meaning and Dimensions of “Development” Sen, Development as Freedom 4, “Poverty as Capability Deprivation” World Bank, World Development Report 2001, “The Nature and Evolution of Poverty” Escobar, “The Invention of ‘Development’” 31 UNDP, Human Development Report 1990, Chapter 1. MAP QUIZ Sept 2 7 9 Sept 14 World Bank Atlas analysis (counts as ESSAY 1) Historical Perspectives on Economic Development Developing Countries in the World System Wolf, Europe and the People Without History 9, “Industrial Revolution” Sachs, “Twentieth-Century Political Economy: a Brief History of Global Capitalism” The Western European Experience Rostow, “The Stages of Economic Growth” Landes, “Why are We So Rich and They So Poor?” ESSAY 2 Theoretical Perspectives on Development/Underdevelopment Neoclassical 2 16 Oct Meier and Baldwin, “Neo-Classical Analysis” COUNTRY REPORT 1: OVERVIEW & COLONIAL HISTORY Easterly, The Elusive Quest for Growth 3, “Solow’s Surprise” Engerman and Sokoloff, “Factor Endowments, Inequality, and Paths of Development among New World Economies” 21 Growth and Income Distribution Williamson, “Inequality and the Industrial Revolution” 23 Classical, Neo-Marxist and Dependency Baran, “On the Political Economy of Backwardness” Frank, “The Development of Underdevelopment” ESSAY 3 28 Population, Development and the Environment Population Tierney, “Fanisi’s Choice” Easterly, The Elusive Quest for Growth 5, “Cash for Condoms?” 30 Population, Food and Famine Sen, Development as Freedom 7, “Famines and Other Crises” 5 Development and the Environment Dasgupta et al, “Confronting the Environmental Kuznets Curve” ESSAY 4 7 City and Country Structural Change Lewis, “Economic Development with Unlimited Supplies of Labour” 12 FALL BREAK 14 Discuss Country Reports on Population COUNTRY REPORT 2: POPULATION 19 Peasants and Modernization Scott, “Economics and Sociology of the Subsistence Ethic” Popkin, “The Rational Peasant” 21 Migration and Urbanization Roberts, “The Changing Dynamics of Labor Migration” TBA Video: China Blue (Cove Media Room) 26 Development and Women’s Empowerment Chang, “Min’s Path” and “Min’s Return 28 Guest lecturer: Dr. Jack Goldstone, George Mason University ESSAY 5 3 Nov 2 Discuss Country Reports on Agriculture and Urbanization COUNTRY REPORT 3: AGRICULTURE & URBANIZATION Economic Liberalization, Structural Adjustment, and Aid The Neoliberal Agenda World Bank, “The World Development Report, 1991” 4 9 Mexico: From ISI to Neoliberal Reform “Respect Restored” The Economist survey of Mexico, 1992 and “Another Dive” 1995 Video: Mexico: From Boom to Bust, 1940-1982\ 11 Mexico, Latin America and Economic Reform The Economist “A New Regional Agenda” 2006, “Mexico’s Vote” 2006, and “Globalization’s Gains Come With a Price” 2007 Guest lecturer: Dr. Eric Selbin 16 Financial Crises and Development Institutions Sachs, The End of Poverty 5, “Bolivia’s High-Altitude Hyperinflation” Easterly, The Elusive Quest for Growth 6, “The Loans that Were, the Growth that Wasn’t” 18 Individual Presentations of Country Reports on Economic Liberalization COUNTRY REPORT 4: ECONOMIC LIBERALIZATION 23 Individual Presentations of Country Reports on Economic Liberalization 25 THANKSGIVING HOLIDAY 30 African ‘Tragedies” Collier and Gunning, “Why Has Africa Grown Slowly” Guest lecturer: Dr. Suzanne Buchele Dec Dec 2 9 Africa and Aid Sachs, The End of Poverty 12 and 13, “On-the-Ground Solutions” and review by Easterly ESSAY 6 FINAL EXAM 1:30 pm CONGRATULATIONS ON (LOTS OF) GOOD WORK 4