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The principle of development economics are key to understanding how we got to where we are, and why many development problems are so difficult to solve, and to the design of successful development policy and programs.
The first goal of this course is to ensure that students understand real conditions and institutions across the developing world. The second is to help students develop analytic skills while broadening their perspectives of the wide scope of the field. The third is to provide students with the resources to draw independent conclusions as they confront development problems, their sometimes ambiguous evidence, and real-life development policy choice.
Programma
1. Introducing Global Development: Traditional economic measures and the new economic view of development. The Millennium Development Goals.
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapters 1 and 2
2. Classic Theories of Economic Growth and Development: Development as growth and the linear stages theories. Structural change models. The international-dependence revolution, and the neoclassical counterrevolution.
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 3
3. Contemporary Models of Development and Underdevelopment: Underdevelopment as a coordination failure. The Big-Push. Amartya Sen: The capability approach.
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 4
4. Poverty, inequality and development: Measuring inequality and poverty. Poverty, inequality and
social-welfare.
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 5
5. Population growth and economic development: Causes, consequences and controversies
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 6
6. Urbanization and Rural-Urban Migration: Theory and Policy.
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 7
7. The Environment and Development
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 10
8. Development Policymaking and the Roles of Market, State and Civil Society
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 11
9. International Trade Theory and Development Strategy.Traditional trade strategies for
development: Export promotion vs. import substitution. South-south trade and economic
integration
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 12
10. Multinational Enterprises, Global value chains and local development. The role of inward
foreign direct investment (knowledge spillovers, externalities, ..) and outward foreign direct
investment
Todaro M.P., Smith S.C. Economic Development, 12th Edition. Addison Wesley, chapter 14
Approfondimenti
UNCTAD, World Investment Report 2013. Global value chains: Investment and trade for development, Unctad: Geneva.
Barba Navaretti G., Venables A.J., 2006, Le multinazionali nell'economia mondiale, Bologna: Il Mulino, Capitolo 2.
11. Innovation, development and Catching up
Lall, Sanjaya. "Technological capabilities and industrialization." World Development 20.2 (1992): 165-186.
Abramovitz M. (1986). "Catching up, Forging Ahead, and Falling Behind", Journal of Economic History, 46, 385-406.
12. The role of institutions: International Monetary Fund, World Bank.The Washington
Consensus and the post Washington Consensus; Financial and commercial liberalization;
catching up policies and pro-growth policies
Acemoglu D., Smith J. The role of institutions in growth and development, Review of Economics and Institutions, 2010, vol. 1, no. 2, pp. 1-33.
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