Comparative Analysis of Development Management

-Development Management under Globalization-

-Markets vs. Controls in Guiding Development-

.

開発運営比較論

-グローバリゼーション下の開発運営-

-開発に於ける市場と国家の役割-

.

A Boy on the Sulaweshi Island of Indonesia

For the happiness of loving and being loved .....

(in Sulawesi, Indonesia)

.

 2002-2003 Course Syllabus

(April 2002)


Course Evaluation by Students (PDF)


Course Bulletin Board


Instructor: Prof. Shigeru Thomas OTSUBO (大坪 滋)

Lectures: Tuesdays 10:30 am. - 12 noon at GSID No.1 Lecture Hall
Ad hoc thematic presentations will be held either at the 8th floor GSID Auditorium  (in conjunciton with "Introdution to International Development (I2ID) or at the No. 1 Conference room on the 8th floor.

Office Hour: Tuesdays 1:30-2:30 pm. or by appointment at Room 704 (ext. 4966)

Teaching Assistant: Masafumi NAKAGAMI (D3)

"Introduction to International Development (I2ID)"
Students are encouraged to attend the thematic presentations and discussions provided in the I2ID. Particularly, the "Japanese Development Model" and the "Globalization and Development" clusters are highly relevant to this course.

Classes are conducted in English.


Course Description


This course deals with the following two frontier-yet-fundamental issues in economic development:

1. Markets vs. Controls in Guiding Development

(開発運営における市場と国家の役割)

2. Development Management under Globalization

(グローバリゼーション下の開発運営)

The course covers selected topics such as: market-oriented development strategies (market forces and structural adjustments, building institutions for markets, coordinating roles of governments, economic development and social development, competition and information management); Japanese system of development (macro- and microeconomic elements of the post-WWII success, the roles of the government, the lost decade and reforms); 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 (the order of liberalization, exchange rate regimes and monetary policy rules, fiscal sustainability, crisis management); governance and quality of growth (growth and equity under globalization, localization under globalization).

In the first semester, reviews of microeconomics, international trade theories, and growth theories will be given. Market experiments will be introduced. Those who are not familiar with macroeconomic principles and/or international finance are encouraged to enroll themselves concurrently in Integrated Development Planning (for macroeconomics) and/or Comparative Analysis of Development Planning (for international finance).

 

 

Familiarity with basic economic principles (microeconomics, macroeconomics, and international economics) at an introductory level OR a concurrent study is highly recommended. Reviews of microeconomic and macroeconomic theories, trade theories, balance of payments account, and basic international finance theories will be given in the course as we deal with the issues that require the familiarity with economic principles.

Lectures, experiments, and seminar methods are combined in order to create a participatory/discussion environment. Cases are drawn from Asia, Africa, Latin America, and Eastern Europe using World Bank projects and studies.

 

 


Course Schedule: Themes and Issues (updated on Sept. 29)

(For detailed class schedule & required readings, pay attention to the Course Bulletin Board on the web.)

April, 2002

(16, 23, 30)

1. Stylized Facts & Evolving Principles in Economic Development

May

(7, 14, 21, 28)

June

(4)

2. Globalization and the Developing Countries: An Overview and Issues

1) What is "Globalization"?

2) Uneven Process of Globalization

3) Regionalization under Globalization: Regionalism vs. Multilateralism

4) How to Manage Development under Globalization?

5) Issues of Global Governance

 

3. Japanese System of Development:

1) Japan's Post-War Economic Development

2) The Role of Government in Development (a sneak preview)

3) Globalization and Japanese Economy: Structural Reforms

The lecture order of issues 2 and 3 may be changed in line with Prof. Otsubo's presentations in the "Introduction to International Development (I2ID)".

June

(11, 18, 25)

July

(16, 23)

October

(29)

November

(5)

4. Basic Growth Theories and Models

1) Harrod-Domar Growth Model

2) Neo-Classical Growth Models and Growth Accounting

3) Two-Sector Models

4) Models of Endogenous Growth

 

5. Microeconomics Review

1) Market Mechanism and Incentive Structure

2) Let's make a market! (Market Experiments)

 

July

(2, 9, 16, 23)

November

(12,19,26)

6. Review of International Trade Theories and Models

1) Basic Trade Models

2) Costs of Protection

3) New Trade Theories

 

7. Trade Integration--Trade and Development--GATT/WTO

1) Primary Exports: Export Characteristics of Developing Countires

2) Import Substitution and Infant Industry Argument

3) Outward-Looking Trade Strategies: Manufactured-Export-Led Growth and Trade Reforms

4) Trade in Services

5) Trade and Investment

 

Summer Recess

 

September

 

October

(29)

December

(3, 10, 17)

8. Financial Integration--External Finance and Development (FDI and MNCs, Other Capital Flows)

1) Globalization in Development Finance

2) Monetary Policy, Exchange Rate Regimes, and Price Stability

3) Debt and Financial Crises: Prevention and Crisis Management

 

9. East Asian Growth Model--Miracle or Myth?----Beyond the Asian Financial Crisis

?

January, 2003

(14, 21, 28)

10. Markets vs. Government Controls in Guiding Development

1) Stabilization and Structural Adjustments--IMF and the World Bank

2) Building Institutions for Markets

3) Japanese and Asian Experiences

4) Toward a Comparative Institutional Analysis

 

11. Managing an Open Economy (Development Management under Globalization)

1) Globalization, Governance and the Nation State

2) Globalization and Inequality--Poverty Reduction

3) The Role of Government in Development under Globalization

 


 

 

Textbooks and Readers


[Textbook]

Dwight Heald Perkins, Malcolm Gillis, Dwight G. Perkins, Michael Roemer, Steven Radelet, Donald Snodgrass, Economics of Development, 5th edition, W.W. Norton & Company, 2001.


[Readers]

Gerald M. Meier, Leading Issues in Economic Development, 6th ed., Oxford U. Press, 1995
(松永宣明、大坪滋 「国際経済開発入門」 剄草書房、1999年9月 [Japanese Translation, 上記の編訳] )

Gerald M. Meier and James E. Rauch, Leading Issues in Economic Development, 7th ed., Oxford U. Press, 2000

Paul Hirst and Grahame Thompson, Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Policy Press, 1999.

World Bank, Globalization, Growth, and Poverty, Oxford U. Press, 2002.

World Bank (Vinod Thomas ed.), The Quality of Growth, Oxford U. Press, 2000.
(世界銀行(著)、小浜裕久等(訳) 「経済成長の質」 東洋経済新報社、2002年 [Japanese Translation, 上記の編訳] )

World Bank, World Development Report 2000Entering the 21st Century, 2000.

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

World Bank, The East Asian Miracle: Economic Growth and Public Policy, Oxford U. Press, 1993.

Masahiko Aoki, Hyung-Ki Kim, and Okuno-Fujiwara eds., The Role of Government in East Asian Economic Development: Comparative Institutional Analysis, Oxford University Press, 1996.
(青木昌彦、金?基、奥野正寛(編)、白鳥正喜(監訳) 「東アジアの経済発展と政府の役割:比較制度分析アプローチ」 日本経済新聞社、1997.)

Masahiko Aoki, Toward a Comparative Institutional Analysis, MIT Press, 2001.
(青木昌彦(著)、滝沢、谷口(翻訳) 「比較制度分析に向けて」 NTT出版, 2001.)


[Resources on the Internet]

Refer to the "Exploration of Economics/Intn’l Development Resources" corner of Prof. Otsubo's Homepage for resources on the internet to be used in this course.


[Textbooks for students without economics background]

Joseph E. Stiglitz, Principles of Microeconomics, 2nd ed., W.W. Norton, 1997.

Joseph E. Stiglitz, Principles of Macroeconomics, 2nd ed., W.W. Norton, 1997.

Visit and use Stigweb: Interactive Study Guide at http://www.wwnorton.com/Stiglitz.

Rudiger Dornbusch, Stanley Fischer, Richard Startz, Macroeconomics, 8th ed., McGraw-Hill Irwin, 2000.

Richard E. Caves, Jeffrey A. Frankel, and Ronald W. Jones, World Trade and Payments: An Introduction, 8th ed., Addison-Wesley Pub. Co., 1999. [Textbook for International Trade and Finance]

Again, refer to "Exploration of Economics/Intn’l Development Resources" corner of Prof. Otsubo's Homepage for more economics resources on the internet.

Also, read the following book by a 1992 Nobel Prize winner and his wife in order to train your economic thinking. This book is a collection of their essays publised in BusinessWeek , providing a bridge between economic theories and real life issues.
Gary S. Becker and G. N. Becker, The Economics of Life: From baseball to affirmative action to immigration, how real-world issues affect our everyday life, McGraw-Hill, 1996
(Japanese Translation - 邦訳)「ベッカー教授の 経済学ではこう考える」 東洋経済新報社、1998

Course participants are encouraged to associate themselves with Adam Smith, The Wealth of Nations , at the earliest possible occasion.


Readings and References

This list of required & recommended readings will be modified as we go. Please check this section regularly. Also pay attention to the Course Bulletin Board on the web.

Items with mark can be found in the Prof. Otsubo’s Course-Book Section (Restricted Circulation) in the GSID Library.
An Entire List of Books for Restricted Circulation

Items with ** mark are required readings.

Items with * mark are highly recommended readings.

Items with (A) mark are for more advanced leaners.

 


Stylized Facts & Evolving Principles in Economic Development:

**Economics of Development, 5th ed., Chapter 1.

**Leading Issues in Economic Development, 7th ed., Chapters I.A, I.B, and II.
OR
**Leading Issues in Economic Development, 6th ed., Chapters I and II.A.

**World Bank, World Development Report 2000―Entering the 21st Century.
Read Overview, Introduction, and Chapter 1 for now.

*World Bank (Vinod Thomas ed.), The Quality of Growth, Oxford University Press, 2000.
Read Overview and Chapter 1 for now.

*Joseph Stiglitz and Gerald Meier, Frontiers of Development Economics: The Future in Perspective, Oxford Univ. Press, 2000.
Read “Introduction: Ideas for Development” by Gerald M. Meier, and “Development Issues: Settled and Open” by Shahid Yusuf and Joseph E. Stiglitz

*Robert J. Barro, Determinants of Economic Growth: A Cross-Country Empirical Study, MIT Press, 1997.



Globalization and Developing Countries--An Overview:

**Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Chapters 1,2, and 5.

**Dana Roderick, The New Global Economy and Developing Countries: Making Openness Work, Policy Essay, No. 24, Overseas Development Council (Jan. 1999).

**World Bank, Globalization, Growth, and Poverty: Building an Inclusive World Economy, Oxford University Press, 2002.

*Jagdish N. Bhagwati, The Wind of the Hundred Days: How Washington Mismanaged Globalization, MIT Press (Feb. 2001).
This is a rather thick book. You can read relevant sections in turn as the class move into various aspects and issues of 'globalization'.

*Shigeru Otsubo, "Globalization: A New Role for Developing Countries in an Integrating World," World Bank Policy Research Working Paper, No. 1628 (July 1996).

*Dani Rodrik, Has Globalization Gone Too Far?, Institute for International Economics, 1997.

*Ann Harrison, "Openness and growth: A time-series, cross-country analysis for developing countries, Journal of Development Economics (48)2(1996), pop. 419-447.

*Jeffrey D. Sacks and Andrew Warner, "Economic Reform and the Process of Global Integration," Break-ins Papers on Economic Activity, 1:1995.

World Bank, Global Economic Prospects and the Developing Countries, various issues.

Radiator Turnabouts and F. Leslie OH Hemmers eds., The Open Economy: tools for policy makers in developing countries, IDA Series in Economic Development, Oxford U. Press, 1988.

Radiator Turnabouts Ed., Policy making in the Open Economy: concepts and case studies in economic performance, IDA Series in Economic Development, Oxford U. Press, 1993.

*大野健一 「途上国のグローバリゼーション:自立的発展は可能か」 東洋経済新報社、2000.



Japanese System of Development

**Prof. Otsubo's Presentation Materials (to be distributed in the class).

*Inkstar, Ian, Japanese Industrialisation: Historical and Cultural Perspectives, Routledge Studies in the Modern History of Asia,  Routledge, 2001.
OR
*Franks, Penelope and J.A.A. Stockwin, Japanese Economic Development, Routledge, an imprint of Taylor & Francis Books Ltd ., 1999.
OR
* Nafziger, E. Wayne, Learning from the Japanese : Japan's Pre-War Development and the Third World.,  M. E. Sharpe, 1994.

*Ohno, Kenichi and Izumi Ohno eds., Japanese Views on Economic Development, Routledge, an imprint of Taylor & Francis Books Ltd ., 1998.

*岡崎哲二 「工業化の軌跡――経済大国前史」 20世紀の日本シリーズ(5)、読売新聞社、1997.

*小浜裕久、渡辺真智子 「戦後日本経済の50年―途上国から先進国へ」 日本評論社、  1996.

*小浜裕久 「戦後日本の産業発展」 日本評論社、 2001.



Economic Growth Models and Theories

**Economics of Development, 5th ed., Chapters 2 and 3.

**Leading Issues in Economic Development, 7th ed., Chapter I.C.

**Leading Issues in Economic Development, 6th ed., Chapters II.B, II.C, and III.

Interested readers should also explore the papers and books cited in these sections of Leading Issues (6th and 7th eds.). Items by Arrow, Bhagwati, Chenery, Hirshman, Lewis, Romer, Rostow, Schults, Singer, Solow, Stiglitz are highly recommended.

(A) Robert J. Barro and Xavier Sala-i-Martin, Economic Growth, McGraw-Hill, 1995.



Microeconomics and International Trade Theories

**Joseph E. Stiglitz, Principles of Microeconomics, 2nd ed., W.W. Norton, 1997.
Required if you do not have any formal training in Microeconomics.

*Gary S. Becker and G. N. Becker, The Economics of Life: From baseball to affirmative action to immigration, how real-world issues affect our everyday life, McGraw-Hill, 1996
(Japanese Translation - 邦訳)「ベッカー教授の 経済学ではこう考える」 東洋経済新報社、1998.

*Robert J. Barro, Getting It Right: Markets and Choices in a Free Society, MIT Press, 1996

**Richard E. Caves, Jeffrey A. Frank el, and Ronald W. Jones, World Trade and Payments: An Introduction, 8th Ed., Addison-Wesley, 1999. [Textbook for International Economics]
Read Chapters 1, 2, 3, 4, 10, 11, 13, 14, and 15 (required), and then proceed to Chapters 5, 6, 7, 8, 9, and 12 (recommended).

Paul R. Krugman and Maurice Obstfeld, International Economics: Theory and Policy, 5th ed., Addison-Wesley-Longman, 2000. . [Textbook for International Economics]

Paul R. Creaking, Maurice Boastfully, International Economics: Theory and Policy, 5th Ed., Addison-Wesley, 2000. [Textbook for International Economics]

(A) Pranab Bardhan and Christopher Udry, Development Microeconomics, Oxford University Press, 1999.

(A) Pranab Bardhan and Christopher Udry, Readings in Development Economics, Vol. I: Micro-Theory, MIT Press, 2000.

(A) Pranab Bardhan and Christopher Udry, Readings in Development Economics, Vol. II: Empirical Microeconomics, MIT Press, 2000.

(A) 黒崎卓 「開発のミクロ経済学:理論と応用」 岩波書店、2001.



Trade Integration--Trade and Development--GATT/WTO:

**Economics of Development, 5th ed., Chapters 16 and 18.

**Leading Issues in Economic Development, 7th ed., Chapter IV.A.

**Leading Issues in Economic Development, 6th ed., Chapters VII.B and IX.

**Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Chapter 4.

**World Bank, World Development Report 2000―Entering the 21st Century, Chapter 2.

*World Bank, Development, Trade, and the WTO: A Handbook, 2002.

Mark J. Roberts and James R. Tybout, What Makes Exports Boom? The World Bank, 1997.

Vinod Thomas and John Nash, Best Practices in Trade Policy Reform, The World Bank, 1991.

World Bank, Trade Policy Reforms under Adjustment Programs, Operations Evaluation Dept., 1992.

Will Martin and L. Alan Winters, The Uruguay Round: Widening and Deepening the World Trading System, The World Bank, 1995.

Judith M. Dean, Seema Desai, and James Riedel, "Trade Policy Reform in Developing Countries since 1985," World Bank Discussion Papers, No. 267 (1994).

More to come on GATT/WTO.



Regionalism vs. Multilateralism:

*Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Chapter 8.

**African Development Bank, African Development Report 2000: Regional Integration in Africa, Oxford University Press, 2000, Chapters 3 and 6.

**Shigeru Otsubo, "Linking Africa to a Changing World--With Lessons from the Asia Pacific Region", APEC Discussion Paper Series, No. 35, APEC Study Center, Nagoya University (March 2000).

Shigeru Otsubo, "New Regionalism and South-South Trade: Could it be an entry point for the South toward global integration?" APEC Discussion Paper Series, No. 18, APEC Study Center, Nagoya University (March 1998).

Jaime de Melo and Arvind Panagariya, New Dimensions in Regional Integration, Cambridge Univ. Press, 1993.

Takatoshi Ito and Anne O. Krueger eds., Regionalism versus Multilateral Trade Arrangements, Univ. of Chicago Press, 1997.

Alex E. Fernandez Jilberto and Andre Mommen, Regionalization and Globalization in the Modern World Economy: Perspectives on the Third World and Transitional Economies, Routledge, 1998.



Financial Integration--External Finance and Development (FDI and MNCs, Other Capital Flows):

**Economics of Development, 5th ed., Chapters 13 and 14.

**Leading Issues in Economic Development, 7th ed., Chapters III and IV.B.

**Leading Issues in Economic Development, 6th ed., Chapters IV and V.

**Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Chapter 3.

**World Bank (Vinod Thomas ed.), The Quality of Growth, Oxford University Press, 2000, Chapter 5.

**World Bank, World Development Report 2000―Entering the 21st Century, Chapter 3.

**World Bank, Finance for Growth: Policy Choices in a Volatile World, Oxford University Press, 2001.

*World Bank, Global Development Finance: Analysis and Summary Tables, various issues.

*Gerald Caprio, Patrick Honohan, and Joseph E. Stiglitz eds., Financial Liberalization: How Far, How Fast, Cambridge Univ. Press (July 2001).

Ronald I. McKinnon, The Rules of the Game: International Money and Exchange Rates, MIT Press, 1996.

Ronald I. McKinnon, The Order of Economic Liberalization: Financial Control in the Transition to a Market Economy, 2nd ed., Johns Hopkins University Press, 1993.

Uri B. Dadush, Dipak Dasgupta, and Marc Uzan eds., Private Capital Flows in the Age of Globalization: The Aftermath of the Asian Crisis, Edward Elgar, 2001.

John Eatwell and Lance Taylor, Global Finance at Risk: The Case for International Regulation, New Press, 2000.

IMF, "Determinants and Systemic Consequences of International Capital Flows", IMF Occasional Paper No. 77 (March 1991)

Shigeru Otsubo, "Computational Analysis of the Economic Impacts of Japan's FDI in Asia", APEC Discussion Paper Series, No.25, APEC Study Center, Nagoya University (March 1999).

(more to come on FDI and technology transfer, equity flows)

 

East Asian Growth Model--Miracle or Myth?----Beyond the Asian Financial Crisis:

**Leading Issues in Economic Development, 7th ed., Chapters I.B.1 and I.B.2.

**World Bank, The East Asian Miracle: Economic Growth and Public Policy, Oxford U. Press, 1993.

Alwyn Young, "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Experience," NBER Working Paper, No. 4680 (1994).

**Paul Krugman, "The Myth of Asia's Miracle," Foreign Affairs, Vol. 73, No. 6 (November/December 1994).

Jong-Il Kim and Lawrence J. Lau, "The Role of Human Capital in the Economic Growth of the East Asian Newly Industrialized Countries," Asia-Pacific Economic Review, Vol. 1, No. 3 (December 1995).

Vinod Ahuja, Benu Bidani, Francisco Ferreira, and Michael Walton, Everyone's Miracle? ―Revisiting Poverty and Inequality in East Asia, The World Bank, 1997.

**Michael Walton, "The Maturation of the East Asian Miracle," Finance & Development (September 1997).

World Bank, Practical Lessons for Africa from East Asia in Industrial and Trade Policies, 1996.

IMF, International Capital Market Report, 1998 on Asian Financial Crisis, 1998.

World Bank, East Asia, The Road to Recovery, 1998.

World Bank, East Asia, Recovery and Beyond, 2000.

**Joseph Stiglitz and Shahid Yusuf, Rethinking the East Asian Miracle, Oxford University Press, 2001.

**Classroom handouts (articles, data tables, etc.)

**Letter of Intent by the Government of Thailand (August 14, 1997) (Available on the web.)

**Letter of Intent by the Government of Indonesia (October 31, 1997) (Available on the web.)



Market vs. Government Control in Economic Development:

**Economics of Development, 5th ed., Chapter 5.

**Leading Issues in Economic Development, 7th ed., Chapter IX.

**Leading Issues in Economic Development, 6th ed., Chapters X and VII.D.

**Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Chapters 6.

**World Bank, World Development Report 2000―Entering the 21st Century, Chapter 5.

World Bank, World Development Report 1996―From Plan to Market.

*World Bank, World Development Report 1997―The State in a Changing World.

Dean Baker, Gerald A. Epstein, and Robert Pollin eds., Globalization and Progressive Economic Policy, Cambridge Univ. Press, 1999.

*Robert J. Barro, Getting It Right: Markets and Choices in a Free Society, MIT Press, 1996.

*Masahiko Aoki, Hyung-Ki Kim, and Masahiro Okuno-Fujiwara, The Role of Government in East Asian Economic Development: Comparative Institutional Analysis, Clarendon Press Oxford, 1996.

Hadi Soesastro and Charles E. Morrison eds., Domestic Adjustments to Globalization, Japan Center for International Exchange, 1999.

World Bank and OECD, Between State and Market: Mass Privatization in Transition Economies, Studies of Economies in Transformation 23, 1997.

(A) Pierre-Richard Agenor and Peter J. Montiel, Development Macroeconomics, 2nd edition, Princeton Univ. Press, 1999.

(A) Pierre-Richard Agenor, The Economics of Adjustment and Growth, Academic Press, 2000.

*大野健一 「市場移行戦略」 有斐閣1996.

*青木昌彦、奥野正寛、岡崎哲二  「市場の役割 国家の役割」 東洋経済新報社、1999.



Stabilization and Structural Adjustments--IMF and the World Bank:

**Economics of Development, 5th ed., Chapters 11, 12, and 19.

**Leading Issues in Economic Development, 6th ed., Chapters VII.A,C,D.

**Michael Bruno, Deep Crises and Reform: What Have We Learned?, The World Bank, 1996.

*Giles Mohan, Ed Brown, Bob Milward, Alfred B. Zack-Williams, Tunde Zack-Williams, Structural Adjustment: Theory, Practice, and Impacts, Routledge, 2000.

Michel Chossudovsky, The Globalization of Poverty, Common Courage Press, 2001.
This volume asserts that IMF-WB-type reforms spread poverty on a global scale.

*Tony Killick, IMF Programmes in Developing Countries: Design and Impact, Routledge, 1995.

*Vittorio Corbo, Stanley Fischer, and Steven B. Webb eds., Adjustment Lending Revisited: Policies to Restore Growth, the World Bank, 1992.

*(A) Cadman Atta Mills and Rj Nallari, Analytical Approaches to Stabilization and Adjustment Programs, EDI Seminar Paper No. 44, the World Bank, 1992.

World Bank, Structural Adjustment Lending: A First Review of Experience, Report No. 6409 (September 1986).

World Bank, World Bank Structural and Sectoral Adjustment Operations: The Second OED Review, Report No. 10870 (June 1992).

World Bank, The Social Impact of Adjustment Operations, Report No. 14776 (June 1995).

World Bank, Adjustment in Africa: Reforms, Results, and The Road Ahead, Oxford U. Press, 1994.

World Bank, Adjustment in Africa: Lessons from Country Case Studies, The World Bank, 1994.

Sebastian Edwards, Crisis and Reform in Latin America: From Despair to Hope, Oxford U. Press, 1995.



Toward a Comparative Institutional Analysis

*Masahiko Aoki, Hyung-Ki Kim, and Masahiro Okuno-Fujiwara, The Role of Government in East Asian Economic Development: Comparative Institutional Analysis, Clarendon Press Oxford, 1996 (or Oxford University Press, 1998).
(Japanese Translation - 邦訳)
青木昌彦(編)、白鳥正喜(翻訳) 「東アジアの経済発展と政府の役割――比較制度分析アプローチ」日本経済新聞社、1997.

*Masahiko Aoki, Toward a Comparative Institutional Analysis, MIT Press, 2001.
(Japanese Translation - 邦訳)
青木昌彦(著)、滝沢、谷口(翻訳) 「比較制度分析に向けて」 NTT出版、2001.

*Masahiko Aoki and Yujiro Hayami eds., Communities and Markets in Economic Development, Oxford Univ. Press, 2000. 

*Yujiro Hayami, and Masahiko Aoki, The Institutional Foundations of East Asian Economic Development, Palgrave Macmillan, 1998. 



Managing an Open Economy (Development Management under Globalization): Globalization, Governance and the Nation State

**Economics of Development, 5th ed., Chapters 19.

**Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Chapters 7 and 9.

**World Bank (Vinod Thomas ed.), The Quality of Growth, Oxford University Press, 2000, Chapters 6 and 7.

Rudiger Dornbusch and F. Leslie C.H. Helmers eds., The Open Economy: tools for policymakers in developing countries, EDI Series in Economic Development, Oxford U. Press, 1988.

Rudiger Dornbusch ed., Policymaking in the Open Economy: concepts and case studies in economic performance, EDI Series in Economic Development, Oxford U. Press, 1993.

(A) Pierre-Richard Agenor and Peter J. Montiel, Development Macroeconomics, 2nd edition, Princeton Univ. Press, 1999.

(A) Pierre-Richard Agenor, The Economics of Adjustment and Growth, Academic Press, 2000.



Globalization and Inequality--Poverty Reduction

**Economics of Development, 5th ed., Chapter 4.

**Leading Issues in Economic Development, 7th ed., Chapter VIII.

**World Bank (Vinod Thomas ed.), The Quality of Growth, Oxford University Press, 2000, Chapters 2 and 3.

*World Bank, World Development Report 1990―Poverty.

**World Bank, World Development Report 2000/2001―Attacking Poverty.

World Bank, Poverty Reduction Handbook, 1993.

Philippe Aghion, Jeffrey G. Williamson, Growth Inequality and Globalization: Theory, History, and Policy, Cambridge Univ. Press, 1999.

**UNDP, Human Development Report 1999 -- Globalization with a Human Face, Oxford University Press, 1999.

*UNDP, Background Papers: Human Development Report 1999 -- Globalization with a Human Face (2 vols.), United Nations Publications, 2000.

Frida Johansen, "Poverty Reduction in East Asia: The Silent Revolution," World Bank Discussion Papers, No. 203 (June 1993).

Soniya Carvalho and Howard White, Implementing Projects for the Poor: What Has Been Learned? The World Bank, 1996.

Vinod Ahuja, Benu Bidani, Francisco Ferreira, and Michael Walton, Everyone's Miracle? ―Revisiting Poverty and Inequality in East Asia, The World Bank, 1997.

Dominique van de Walle and Kimberly Nead eds., Public Spending and The Poor: Theory and Evidence, The World Bank, 1995.

George Psacharopoulos and Nguyen Xuan Nguyen, "The Role of Government and the Private Sector in Fighting Poverty," World Bank Technical Paper, No. 346 (1997).

George Psacharopoulos, Samuel Morley, Ariel Fiszbein, Haeduck Lee, and Bill Wood, "Poverty and Income Distribution in Latin America: The Story of the 1980s," World Bank Technical Paper, No. 351 (1997).

*Asian Development Bank, Escaping the Poverty Trap: Lessons from Asia, (1995)


Grading Policy

A term paper (or an essay exam) is required for each semester. Details will be discussed in the class. Your class participation and contribution will also be an important grading factor. Short quizzes might be conducted by a course TA to confirm your understanding of the basic economic principles dealt in the class.




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