Bulletin Board
for
Development Economics


"Toward New Political Economy of Development"


Core Course for
Economic Development Policy & Management (EDP&M) Program

1st Semester, 2013-2014


As the core discipline subject of the DIDfs Economic Development Policy & Management (EDPM) Program, this course offers key principles and issues of Economics of Development bearing the needs of first-time learners in mind. Topics to be covered are: 1) the role of economic development in gdevelopmenth and poverty reduction (in conjunction with attaining the MDGs); 2) the evolution of economic development thoughts; 3) the stylized facts in economic development (open and closed questions); 4) theories of development (traditional and new growth theories); 5) dualistic development and structural change (growth, poverty, and income distribution; rural-urban dichotomy); 6) education and development; 7) sustainable development (the environment and development); 8) trade and development (import substitution, export promotion, and globalization); 9) financing development (capital and saving, financial system and development); 10) guiding development\markets vs. controls (the role of government in development, good governance); 11) development and institutions; and 12) new development challenges in the 21st century (globalization, international economic system, peace building, growth fetishism (?), etc.)

Date of Entry

Messages
   
July 16,2013

Course Evaluation
--
Please download course evaluation sheets from the following URLs and fill them and return them to my mailbox on the 1st floor of GSID building. Insert your course evaluation and your term paper separately.

-- English version:
http://www.gsid.nagoya-u.ac.jp/edu/intra/academic/information/evaluation-en.html
-- Japanese version:
http://www.gsid.nagoya-u.ac.jp/edu/intra/academic/information/evaluation.html

Thank you!

June 24, 2013
&
July 14, 2013

Part IV: Development Management under Globalization

International Aspects of Economic Development will be mainly dealt in the 2nd Semester in
"Development Management under Globalization" as a sequal to this course (Development Economics).

In this Development Economics Lecture, I will try to provide introduction/linkages to the subjects of
International Development Economics.

Students in the 2013 Development Economics are supposed to download and read the following Hirano/Otsubo stocktaking paper on the impacts of Globalization.



Poverty-Growth-Inequality under Globalization
: Empirical Stocktaking

***Yumeka Hirano and Shigeru Otsubo, "Poverty-Growth-Inequality under Globalization: Time Dimensions and Control Factors of the Impacts of Integration," GSID Discussion Paper No.191, GSID, Nagoya University (October 2012).

[Dowload This Paper in a PDF file from the GSID HP]
[Dowload a PowerPoint Presentation file in a PDF format: Summary of Findings]

 

International Development Economics: Introduction to "Development Management under Globalization (2nd Semester)"

‘å’ØŽ i’˜E•Ò’˜j@wƒOƒ[ƒoƒŠƒ[[ƒVƒ‡ƒ“‚ÆŠJ”­ (Leading Issues in Development with Globalization)x@
“Œ‹žF™¤‘‘–[, 2009.@–{‘‚̏Љî (Introduction)

**World Bank, World Development Report 2000\Entering the 21st Century,
Introduction: New Directions in Development Thinking,
Chapter 1: The Changing World.

 

July 5, 2013

Market Experiments Part I Results

-- Market Experiments Part I: Perfect Competition?

-- Market Experiments Part I: Collusion?

-- Market Experiments Part I: Fragmented Markets?

-- Market Experiments Part I: Liar! Liar! ???

Download the results and go over them by yourselves before coming to the next class meeting!!

 

June 24, 2013

Part III: Market vs. Government Controls in Economic Development
--Market Experiments for you to feel the forces of markets, for you to feel the limitations of market-oriented development strategy....

-- Part I: Forces of the Markets?
-- (Part II: Can we supply Puclic Goods? Can we cooperate for development? -- Just Presentations, this year)

Starting on July 2, we will conduct market experiments so that you can feel/understand the market forces for us to discuss the key isseus of markets vs. goverrment controls/coordination for development.

On July 2 and July 9 lectures, classes will be stretched to 12:30pm so that we can finish experiments in suitable blocks. Prepare for quick lunches.

Bring a caluculator with you to these market experiment sessions!!

Reading Requirements

Market Experiments: The Feel of Market Forces & The Roles of Governments

**Prof. Otsubo's Materials for Market Experiments (to be distributed in the class).

**Joseph E. Stiglitz, Principles of Micro-Econonmics, 2nd ed., W.W. Norton & Co., 1997 (Or any other edition).
Read Chapter 7: The Public Sector, (This short chapter will be distributed in the class.)

*Joseph E. Stiglitz, Economics of the Public Sector, 3rd ed., W.W. Norton & Co., 2000.
Read Chapter 1: The Public Sector in a Mixed Economy, and
Skim through Chapter 2: The Public Sector in the United States .
Read Chapter 3: Market Efficiency, Chapter 4: Market Failures, and Chapter 6: Public Goods.

For those who are interested in Experimental Economics:
(A)Daniel Friedman and Shyam Sunder, Experimental Methods: A Primer for Economists, Cambridge University Press, 1994.
(A)ì‰zA“à–؁AXAH‰i@–óAuŽÀŒ±ŒoÏŠw‚ÌŒ´—‚Æ•û–@vA“¯•¶ŠÙA1999)




ddMarket vs. Government Control in Economic Development: Building Instituions for Development Coordination

**Economic Development, 10th (or 11th) ed.,
Chapter 11: Development Policymaking and the Roles of Market, State, and Civil Society.

OR

**Economics of Development, 6th (or 7th) ed.,
Chapter 5: States and Markets.


**Development as Freedom.
Read Chapter 5: Markets, State and Social Opportunity.

*Yoichiro Ishihara, "Economic Governance and Economic Performacne in Developing Countrires,"Forum of International Development Studies, Vol. 19 (Oct, 2001)
Excertpts will be distuributed in the class.
Download and read the full paper!

*Leading Issues in Economic Development, 8th ed., Chapter IX.
OR
*Leading Issues in Economic Development, 6th ed.
Read Chapters X: Markets, Government, and Policy, VII.B: Promoting Industrialization, and VII.D: Privatization.
[For the 6th ed., Japanese Version is available as u‘ÛŠJ”­ŒoÏŠw“ü–åv]

*World Bank, World Development Report 2002Builidng Instituions for Markets, 2002.

 

May 17, 2013 Part II: Learning Key Principles of Development Economics
-- Growth Theories & Structural Models


Starting in the last week of May, we will deal with Growth Theories/Models. You are supposed to work on the required readings (**) in
Economic Growth Models and Theories: Growth Theories, Income Convergence?, Determinants of Growth, and Agriculture vs. Industry (Rural vs. Urban Sectors) section of the reading list.

Textbook chapters for the lectures in this Part II are the followings. Also refer to the on-line syllabus for the additional required and recommended readings.

Fisrt Lecture on Growth Theories and Models:
Stages of Development, Balanced vs. Unbalanced Growth Models, Dependency Theory
Basic Growth Model + Harrod-Domar Growth Model

**Robert J. Barro, Determinants of Economic Growth: A Cross-Country Empirical Study, MIT Press, 1997.
Read Chapter 1: Economic Growth and Convergence. [To be discussed in the class.]

**Economic Development, 11th (or 9th or 10th) ed., Chapter 3.



Second Lecture on Growth Theories and Models:
Neo-Classical Growth Model

**Economic Development, 11th (or 9th or 10th) ed., Chapter 3.



Third Lecture on Growth Theories and Models:
Endogenous Growth Model + Two-Sector Model (+Rural-Urban Migration Model)

**Economic Development, 11th (or 9th or 10th) ed., Chapter 4.

**Economic Development, 11th (or 9th or 10th) ed., Chapter 7.
'Migration and Development' (**) and 'Toward an Economic Therory of Rural-Urban Migration' (**)) for the Migration Model. (*) for other sections.


For ** and * items, refer to the online course syllabus.

**********************************************************************************

Students in Rural/Regional Development Program should also read the (additional) items listed in the designated section of the on-line syllabus.


**********************************************************************************

Students in Education/Human Resource Development Program should also read the (additional) items listed in the designated section of the on-line syllabus.

*Galor, Oded and J. Zeira, "Income Distribution and Macroeconomics," Review of Economic Studies, Vol. 60 (1993), pp. 35-52.
[What does the indivisibility of education/HR investment mean in chronic poverty?]

[The simplified model has been already introduced when
Eternal Triangle of Poverty-Growth-Inequality is discussed.]

**********************************************************************************

May 15, 2013 Self Study; Japanese Development Experience & Japnase Market System(s)

As we discussed in the lecture, a PowerPointNote is available in order for you to review/study the essense/elements of Japanese development experience and Japanese market systems. This document is also highly relevant for you in taking the 2nd-semeter lecture JADE (Japanese Development Experience), a reuired course to be offered in the second semester.

You should download and read the following note by yourselves. There will be one question related to this document in your final take-home exam.
Post-war Development of the Japanese Economy (Notes for EDP&M Students)

 

April 26, 2013

Part 1: Introduction to Development Economics

-- Stylized Facts & Evolving Principles in Economic Development

-- Open & Closed Questions, and Emerging Issues into the 21st Century

-- Measurements and Determinants of Poverty

-- Poverty-Growth-Inequality Triangle

 

Reading Assignments: For the Part 1 of 'Development Economics,' you are supposed to work on the required readings (**) in the following sections of the Reading List contained in our on-line course syllabus. Once you finish thise required readings (**), go onto the recommended selections (*).

-- Development Economics in International Development Studies

-- Poverty: How do you define it?

-- Stylized Facts & Evolving Principles in Economic Development

 

 

Reading Textbook Chapters by Yourselves:
You should read designated sections of the Textbooks by yourselves. Upon this preparations, I will present/discuss things that deepen your understandings and the things/issues that cannot be taught in the standard textbooks. For Part I of the lecture, read ED Chaptgers 1,2, 5, and EOD Chapter 1.

 

Useful Sites on the Internet: As it is shown in the on-line syllabus, you are also requested to visit internaet websites in sections 1 through 5.

Make the Most of the Downloadable Presentation Files: Presentation materials to be used in the class are also downloadable from the relevant sections of the Reading List. It is a very good idea for you to go through them by yourselves, print and bring them with you to the classes so that you can leave notes on them as I make (brain-storming) presenations.

By the way, if you wish to review the history of the global economic system, refer to the following handouts. For the period up to the WWII...

Global Economic System 1

For the evolution after the WWII, refer to the following documens. Doccument #3 contains links with the evolution of development thought.

Global Economic System 2
Global Economic System 3




(Notice)

*Majority of reading materials should be available in the designated section (Prof. Otsubo's corner) in the GSID library.

*No prerequisites for this course. This course accommodates non-economists as well as semi- to full-economists.

*Students in Economic Development Policy & Management Program should take Development Microeconomics, Development Macroeconomics, and Development Statistics concurrently.

 

April, 2013

First lecture of 'Development Economics' (EDP&M Core Course) will meet on Tuesday, April 23 in the #3 Lecture Hall (10:30 a.m. - 12 noon).

See you all in the class on April 23! Prof. Otsubo