2nd Semester, 2009-2010
"Development Management under Globalization" is a selective and applied course in the Economic Development Policy and Management Program.
This course deals with the frontier-yet-fundamental issues of eDevelopment Management under Globalization (O[o[[VบฬJญ}lWg)f.@The course covers selected topics such as: economic development under the changing environment of globalization (risks and benefits associated with globalization, rise and demise of the East Asian growth model, Africafs marginalization, convergence club under globalization); international trade and development (inward- vs. outward-oriented development strategies and trade reforms, regionalism vs. multilateralism, WTO and industrial promotion); external financing of development (ODA, FDI and multilateral corporations, portfolio flows, debt & financial crises); managing open-economy development (BOP management, the order of liberalization, exchange rate regimes and monetary policy rules, fiscal sustainability, crisis management); and toward governance and quality of growth under globalization (growth and equity under globalization). Development Economics, Development Microeconomics and Development Macroeconomics are prerequisites for this course. Basic knowledge of statistics/econometrics (Development Statistics) will be preferred. (However, as I would like to accommodate those who are interested in the issues of Globalization and Development, minimum reviews of Microeconomics and International Trade/Finance theories may be given in relation to the subjects covered in the course.) Consecutive enrollment from Development Economics will be highly effective. |
|
|
December 13, 2009 | December 15 will be the last lecture in this calender year. As many of you indicated that you would head for the Christmas recess at the end of this week, there will be no lecture on the 22nd. Please kindly prepare for a short lunch on the 15th. As I will have to lecture past noon, most likely. January 12 will be the first lecture in the calender year of 2010. |
November 16, 2009 (updated on December 13) |
January Lectures
We will discuss "Trade and Development; WTO". We will study some trade theories (benefits, costs of protection), development strateties w.r.t. trade, and WTO principles/policy space. ********************************************** 1) ***World Bank, World Development Report 2000\Entering the 21st Century, 2) **WTP Chs. 1,2, and 3; ED (10th ed.: Ch.12)(9th ed.: Ch.12). *Jeffrey D. Sacks and Andrew Warner, "Economic Reform and the Process of Global Integration," Brookins Papers on Economic Activity, 1:1995. *David Dollar, "Globalization, Poverty, and Inequality since 1980," Policy Research Working Paper No. 3333, The World Bank (2004). *David Dollar and Aart Kraay, "Trade, Growth, and Poverty," Policy Research Working Paper No. 2615, The World Bank (2001). *Branko Milanovic, "Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys," World Bank Economic Review, Vol.19, No.1, pp. 21-44 (2005). 5) DTW: Selected Chapters- ** Ch.6; * Chs. 8,9, 17,18,19, 24, 47 and 48.- 6) **ED (10th ed.: Ch. 16)(9th ed.: Ch. 17). Other readings shown in the Part V of the Course Schedule. You should try to finish reading as much as possible before coming to Janaury lectures. All the required readings should be done by the end of January. **************************************************** |
November 16, 2009 (updated on December 13) |
Mid-November -- December Lectures We will discuss "A Big Picture" and "External Finance of Development". Two sets of handouts will be distributed. (B1-15, C1-#) For lecture presentations, I will use selected slides fromF Globalization in Development Finance and Financial Crises ***************************************************************** ***WTP: Chs. 16,24; EDi10th ed.:Ch.13 and Ch.14)i9th ed.:Ch.14 and Ch.15) **World Bank, World Development Report 2000\Entering the 21st Century, **M. Ayhan Kose, Eswar Prasad, Kenneth Rogoff, and Shang-Jin Wei, "Financial Globalization: A Reappraisal," IMF Working Paper, WP/06/189 (August 2006). *Shigeru Otsubo, "Computational Analysis of the Economic Impacts of Japan's FDI in Asia", Forum of International Development Studies, Vol. 28, GSID, Nagoya University (March 2005). *************************************************************** Globalization in Development Finance and Financial Crises Economic Governance and Crisis in Emerging Economies Also visit and take a look at the following documents. Letter of Intent of the Government of Thailand to IMF The IMF's Response to the Asian Crisis: A Factsheet Recovery from the Asian Crisis and the Role of the IMF For those who do not understand IS-LM framework, you should consult with a textbook on Macroeconomics (those used in Development Macroeconomics (Prof. Osada). |
October 4, 2009 |
For those who could understand Japanese, you should attend s Fๅุ า wO[o[[VฦJญx ค[@(2009) October 6 (6:30-8 pm) Lecture by Prof. Otsubo |
October 4, 2009 | Presentation Materials (more to come)
Globalization and Developing Countries--An Overview: **Prof. Otsubo's HOs for Globalization--Brain Storming. **Prof. Otsubo's HOs for History Lessons The most of these materials should be comvered in the lecture. If not, those remailing should be for your self-study. |
October 4, 2009 (updated on November 16) |
Required Readings in October - mid November: Introduction Textbooks: BOP & Trade/Investment and Development **Richard E. Caves, Jeffrey A. Frank el, and Ronald W. Jones, World Trade and Payments: An Introduction, 10th Ed., Addison-Wesley, 2007. [Textbook for International Economics] **Michael P. Todaro, Stephen C. Smith, Economic Development, 9th edition, Addison Wesley, 2005. Read Chapter 14: Balance of Payments...., first, for now. (Then Chapter 15, 12, 13, and 17.) Other Required and Recommended Readings **World Bank, Globalization, Growth, and Poverty (2002). *Assessing World Bank Support for Trade 1987-2004: An IEG Evaluation **World Bank, World Development Report 2000\Entering the 21st Century. *Jeffrey D. Sacks and Andrew Warner, "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, 1:1995. *Ann Harrison, "Openness and growth: A time-series, cross-country analysis for developing countries, Journal of Development Economics (48)2(1996), pop. 419-447. *David Dollar and Aart Kraay, "Trade, Growth, and Poverty," World Bank Policy Research Series, No. 2615 (June 2001). *David Dollar, "Globalization, Poverty, and Inequality since 1980," Policy Research Working Paper No. 3333, The World Bank (2004). *Bussulo and Nicita, "Trade Policy Reforms," in Coudouel and Paternostro eds., Analyzing the Distributional Impact of Reforms, The World Bank (2005). *Kose, Prasad, Rogoff, and Wei, "Financial Globalization: A Reappraisal" IMF Working Paper No. WP/06/189, The IMF (2006). ** Required Readings * Recommended Readings (some of them will become required later) means that you can find this book in the GSID library (restricted book section, under my name). |
October 4, 2009 |
You will read the following chapters of our Textbooks in this course. ED: Michael P. Todaro, Stephen C. Smith, Economic Development, 9th edition, Addison Wesley, 2005. WTP: Richard E. Caves, Jeffrey A. Frankel, and Ronald W. Jones, World Trade and Payments: An Introduction, 10th ed., Addison-Wesley Pub. Co., 2007. (You can use relevant sections of any newer editions.) |
October 4, 2009 (updated on October 12, 2009) |
First class of Development Management under Globalization (DMUG) for 2009-2010 will meet on Tuesday, October 13.
October 13: (10:30 a.m. - 12 noon; #3 Lecture Room, 6th floor) We may move to a smaller lecture/seminar room after the first meeting, for more class-room discussions. Regularly pay attention to Again, welcome back to GSID !! See you all on Tuesday, October 13 !!
|