Development Management under Globalization
(DMUG)

-Globalization and Development-


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A Boy on the Sulaweshi Island of Indonesia

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

(in Sulawesi, Indonesia)

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@2008-2009 Course Syllabus


(October 2008)


Course Bulletin Board


Instructor: Prof. Shigeru Thomas OTSUBO (‘å’Ø Ž )

Lectures: Tuesdays 10:30 am. - 12 noon at GSID No.3 Lecture Hall (We plan to move to a seminar room after the first meeting.)

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

Teaching Assistant: Wawan

Classes are conducted in English.


Course Description


This course deals with the frontier-yet-fundamental issues of
eDevelopment Management under Globalization (ƒOƒ[ƒoƒŠƒ[[ƒVƒ‡ƒ“‰º‚ÌŠJ”­ƒ}ƒlƒWƒƒ“ƒg)f.@

The course covers selected topics such as:
1) economic development under the changing environment of globalization (risks and benefits associated with globalization, rise and demise of the East Asian growth model, Africafs marginalization, convergence club under globalization);
2) international trade and development (inward- vs. outward-oriented development strategies and trade reforms, regionalism vs. multilateralism, WTO and industrial promotion);
3) external finance of development (ODA, FDI and multilateral corporations, portfolio flows, debt & financial crises);
4) managing open-economy development (BOP management, the order of liberalization, exchange rate regimes and monetary policy rules, fiscal sustainability, crisis management); and
5) toward governance and quality of growth under globalization (growth and equity under globalization, localization under globalization).

Reviews of Microeconomics and International Trade/Finance theories will be discussed in relation to the subjects covered in the course. Consecutive enrollment from Development Economics (1st semester) will be highly effective.


Course Prerequisites starting this academic year:

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.

 

 


The following sections will be updated from time to time. Check this syllabus regularly.
Last Updated on:
December 15, 2008


Course Schedule: Themes and Issues

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

Nov. 11
+ Self Study

Part I.
Economic Development under the Changing Environment of Globalization

1. Introduction to GAD
(GGP: Overview, Ch.1)
(HO: Historical Review)

1) What are the issues here?

2) Development under Globalization

3) Globalization in Historical Perspective

4) Convergence Club under Globalization



2. Globalization and the Developing Countries: An Overview and Issues
(HO: PowerPoint - Globalization Brain Storming)

1) What is "Globalization"?

2) Risks and Benefits Associated with Globalization

2) Uneven Process of Globalization

3) Regionalization under Globalization: Regionalism vs. Multilateralism: A Preview

4) How to Manage Development under Globalization? A Preview

5) Issues of Global Governance: A Preview

Nov. 18
Nov. 25
+ Self Study

Part II. Managing Open-Economy Development: A Big Picture

3. Understanding a Big Picture

-- Growth, Trade, Balance of Payments, External Finance, and Crises
(WTP:Ch.15; ED:Ch.14, pp.665-673)
(HO: PowerPoint - Big Picture)

1) Structure of BOP

2) What is a BOP crisis?

3) Stories of S - I ‡‘ X - M

-- Saving-Investment Gap, Trade Gap, Competitiveness, Exchange Rate

4) From Asian Threats to Asian Coexistence


Dec.2, 9, 16
+ Self Study

Part III.

External Finance of Development
-- Managing Open-Economy Development: Finance

4. Financial Integration--External Finance and Development (FDI and MNCs, Other Capital Flows)
(WTP: Chs. 16,24; ED:Ch.14, pp.673-705, Ch.15)
(HO: PowerPoint - Globalization in Development Finance and Financial Crises)

1) Globalization in Development Finance

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

3) Debt and Financial Crises: Prevention and Crisis Management
4) FDI, MNCs, and Technology Transfer
(HO: TNCs, FDI, and Technology Transfer)

5. East Asian Growth Model--Miracle or Myth?
----Beyond the Asian Financial Crisis 1997
----Beyond the Global Financial Crisis 2008
(HO: PowerPoint - Globalization in Development Finance and Financial Crises)

8) GATT/WTO -- Development Round ?


Jan. 13, 20
+ Self Study

Part IV.

International Trade and Development
--
Managing Open-Economy Development: Trade

6. Basic International Trade Theories and Models

1) Basic Trade Models
(WTP:Chs.1,2,3; ED:Ch.12)

2) Costs of Protection
(WTP:Chs.10,11; ED:Ch.13)

7. Trade Integration--Trade and Development--GATT/WTO
(ED: Ch.13)
(DTW: Selected Chapters)

1) Two-Sector Model of Economic Development

2) Primary Exports: Export Characteristics of Developing Countries -- TOT Stories

3) Import Substitution and Infant Industry Argument

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

5) Trade in Services

6) Trade and Investment

7) Regionalization under Globalization: Regionalism vs. Multilateralism

8) GATT/WTO -- Development Round ?

Jan. 27
+ Self Study

Part IV.

Toward Governance and Quality of Growth under Globalization

8. Development Management under Globalization
(ED: Ch.17)

1) Globalization, Governance and the Nation State: The Role of Government in Development under Globalization

2) Globalization and Inequality--Poverty Reduction
(GGP: Overview,
GAP: Selected Papers)

3) Globalization in Labor Markets
-- Managing Open-Economy Development: Human Resources
Globalization and International Migration (and Brain Drain)
(GEP 2006: Chs.,2,3, and 4-6)

4) Toward Global Sociology


 

 

Textbooks and Readers


[Textbooks]

ED: Michael P. Todaro, Stephen C. Smith, Economic Development, 9th edition, Addison Wesley, 2005.
[To be referred as Economic Development or ED, henceforth.]
[Textbook for Development Economics]
We will use:
**Chapter 12: Trade Theory and Development Experience,
**Chapter 13: The Trade Policy Debate: Export Promotion, Import Substitution, and Economic Integration
**Chapter 14: Balance of Payments, Developing-Country Debt, and the Macroeconomic Stabilization Controversy
**Chapter 15: Foreign Finance, Investment, and Aid: Controversies and Opportunitites
**Chapter 17: Some Critical Issues for the Twenty-First Centrury

WTP: Richard E. Caves, Jeffrey A. Frankel, and Ronald W. Jones, World Trade and Payments: An Introduction, 10th ed., Addison-Wesley Pub. Co., 2007.
[Textbook for International Trade and Finance]

**Chapters 1, 2, 3, 10, 11, 15, 16, and 24 (Required)
*Chapters 4, 5, 6, 9, 13, 14, 20, and 21 (Recommended)


(Additional Reference for International Economics)
Paul R. Krugman, Maurice Obstfeld, International Economics: Theory And Policy , 7th. ed., Addison-Wesley Pub. Co., 2006.


[Reference Books for Macro and Microeconomics (for students without economics background)]

Refer to Prof. Osada's reading list for 'Development Macroeconomics' lectures for Macroeconomics.

Refer to Prof. Shinkai's reading list for 'Development Microeconomics' lectures for Microeconomics.



[Readers]

Gerald M. Meier, Leading Issues in Economic Development, 6th ed., Oxford U. Press, 1995
(¼‰ié–¾A‘å’ØŽ  u‘ÛŒoÏŠJ”­“ü–åv ™‘‘–[A‚P‚X‚X‚X”N‚XŒŽ [Japanese Translation, ã‹L‚Ì•Ò–ó] )
[This book always enrich your visions of development issues in a well-balanced manner.]

Gerald M. Meier and James E. Rauch, Leading Issues in Economic Development, 7th ed., Oxford U. Press, 2000
[Newer breed of the above.]

Ann Harrison, ed., Globalization and Poverty, NBER, U. of Chicago Press, 2007.
[Selected papers.]

Paul Hirst and Grahame Thompson, Globalization in Question: The International Economy and the Possibilities of Governance, 2nd rev. ed., Policy Press, 1999.
[Informative introduction to the political economy of globalization]

Robin Cohen and Paul Kennedy, Global Sociology, New York University Press, 2000.
[A popular book on social and socio-economic aspects of globalization.]

Jagdish N. Bhagwati, In Defense of Globalization, Oxford U. Press (Jan. 2004).
[An up-to-date account of pros and cons of globalization.]

Joseph E. Stiglitz, Globalization and Its Discontents, W.W. Norton, 2002.
[Controversial and provocative essays on globalization by Stiglitz.]

World Bank, World Development Report 2000\Entering the 21st Century, 2000.
[A good summary of economic integration and global issues into the 21st century.]

GGP: World Bank, Globalization, Growth, and Poverty, Oxford U. Press, 2002.
[An introductory analysis and fact book on the possible relationship between globalization and poverty reduction.]

World Bank (Vinod Thomas ed.), The Quality of Growth, Oxford U. Press, 2000.
(¢ŠE‹âsi’˜jA¬•l—T‹v“™i–ój uŒoÏ¬’·‚ÌŽ¿v “Œ—mŒoÏV•ñŽÐA2002”N [Japanese Translation, ã‹L‚Ì•Ò–ó] )
[Stressing the role of good governance (sound development management) for the quality of growth.]

World Bank, The East Asian Miracle: Economic Growth and Public Policy, Oxford U. Press, 1993.
[The book that you cannot go without when looking into "the" Asian growth model.]

J.F. Rischard, High Noon: 20 Global Problems, 20 Years to Solve Them, Basic Books, 2002.
[For your hobby-like reading. "It's Not Globalization, Stupid" etc.]

World Bank, Global Economic Prospects 2006: Economic Implications of Remitances and Migration
[Read **Chapters 2 and 3. *Chapters 4-6 are extra.]


[Resources on the Internet]

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



The following list of required and recommended readings will be continuously updated as we go. Reading assignments will be announced in the class and on our course bulletin board.


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fs 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.

 



Globalization and Developing Countries--An Overview:

**Prof. Otsubo's HOs for Globalization--Brain Storming.
[PDF file is here.]

**Prof. Otsubo's HOs for History Lessons
[PDF file 1 is here.] [PDF file 2 is here.] [PDF file 3 is here.]

**World Bank, Globalization, Growth, and Poverty, Oxford University Press, 2002.
Read Overview and Chapter 1: The New Wave of Globalization and Its Economic Effects.
{Xerox copies will be distributed in the first class meeting.]

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

**Assessing World Bank Support for Trade 1987-2004: An IEG Evaluation
Read Executive Summary and any sections that you are interested.
The
World Bank was overly optimistic about the immediate and universal benefits of more open trade.
This critical independent evaluation report confirms that liberalizaing trade alone is not enough to generate growth and fight poverty.

**Jeffrey D. Sacks and Andrew Warner, "Economic Reform and the Process of Global Integration," Brookins Papers on Economic Activity, 1:1995.
[PDF file is here.]

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

**David Dollar and Aart Kraay, "Trade, Growth, and Poverty," World Bank Policy Research Series, No. 2615 (June 2001).
[PDF file is here.]

*Michael Bruno, Deep Crises and Reform: What Have We Learned? Directions in Development Series, The World Bank (1996).
"Inflation, Debt, and Growth Crises (**)". Other sections (*).
[PDF file is here.]

**David Dollar, "Globalization, Poverty, and Inequality since 1980," Policy Research Working Paper No. 3333, The World Bank (2004).
[PDF file is here.]

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

*Jagdish N. Bhagwati, In Defense of Globalization, Oxford U. Press (Jan. 2004).
Read Section I (Chapters 1 though 4) for now.

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

*J.F. Rischard, High Noon: 20 Global Problems, 20 Years to Solve Them, Basic Books, 2002.
Read selections in Part One: It's Not Globalization, Stupid.

*Joseph E. Stiglitz, Globalization and Its Discontents, W.W. Norton, 2002.
Read sections that interest you.

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.

Shahid Yusuf, Simon Evenett, and Weiping Wu, "Facets of Globalization: International and Local Dimenstions of Development", World Bank Discussion Paper No. 415.

*World Bank, Global Economic Prospects and the Developing Countries, recent issues (Professor Otsubo was involved in 1994-1996 issues).

(A) J.S.L. McCombie and A.P. Thirlwalll, eds., Essays on Balance of Payments Constrained Growth: Theoriy and Evidence, Routledge, 2004.
For those who wish to expose themselves to the theories of BOP-constratined growth and some empirics on them, read Chapters 1,2,3,13, and 14.



Microeconomics and International Trade Theories


Refer to Prof. Shinkai's reading list for 'Development Microeconomics' lectures for Microeconomics.

**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]
**
Read Chapters 1, 2, 3, 10, 11, 15, 16, and 24 (required), and *then proceed to Chapters 4, 5, 6, 9, 13, 14, 20, and 21 (recommended).

Paul R. Krugman and Maurice Obstfeld, International Economics: Theory and Policy, 7th ed., Addison-Wesley-Longman, 2006. [Additional Textbook for International Economics]



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

**Economic Development, 9th ed., Chapters 12 and 13.

**David Dollar and Aart Kraay, "Trade, Growth, and Poverty," World Bank Policy Research Series, No. 2615 (June 2001).
[PDF file is here.]

**Assessing World Bank Support for Trade 1987-2004: An IEG Evaluation
Read Executive Summary and any sections that you are interested.
The
World Bank was overly optimistic about the immediate and universal benefits of more open trade.
This critical independent evaluation report confirms that liberalizaing trade alone is not enough to generate growth and fight poverty.

**World Bank, Development, Trade, and the WTO: A Handbook, 2002.
Selected Items in Parts I, II, IV and VII will be specified in class.

**World Bank, World Development Report 2000\Entering the 21st Century,
Chapter 2: The Wolrd Trading System: The Road Ahead.

*Thomas Hertel, and L. Alan Winterws, eds., Poverty and the WTO: Impacts of the Doha Development Agenda, New York: Palgrave Macmillan, 2006.
Sections will be specified in lecture.

*Joseph E.Stiglitz and@Andrew Charlton, Fair Trade For All: How Trade Can Promote Development, Oxford University Press, 2005.

*Richard Newfarmer, ed., Trade, Doha, and Development: A Window into the Issues, World Bank, 2006.
Sections will be specified in lecture.

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

*Jagdish N. Bhagwati, In Defense of Globalization, Oxford U. Press (Jan. 2004).
Sections to be specified.

Leading Issues in Economic Development, 8th ed., Chapter III..A
OR
Leading Issues in Economic Development, 6th ed., Chapters VII.B and IX.
[For the 6th ed., Japanese Version is available as u‘ÛŠJ”­ŒoÏŠw“ü–åv]

*Bernard Hoekman and Beata Smarzynska Javorcik, eds., Global Integration & Technology Transfer, World Bank, 2006.
Sections will be specified in lecture.

Anne O. Krueger, Trade Policies and Developing Nations, Brookings Institution, 1995.

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).



Regionalism vs. Multilateralism:

**Simon J. Evenett and Bernard M. Hoekman, eds., Economic Development & Multilateral Trade Cooperation, World Bank, 2006.
Sections will be specified in lecture.

*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).

**Maurice Schiff and L. Alan Winters, Regional Integration and Development, WB-Oxford University Press, 2003.
Chapters 1, 2 and 3. For regional investment, Chapter 4.

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):

**Economic Development, 9th ed., Chapters 14 and 15.

**World Bank, World Development Report 2000\Entering the 21st Century,
Chapter 3: Developing Countries and the Global Financial System.

**M. Ayhan Kose, Eswar Prasad, Kenneth Rogoff, and Shang-Jin Wei, "Financial Globalization: A Reappraisal," IMF Working Paper, WP/06/189 (August 2006).
[PDF file is here.]

**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).
If you are interested in FDI-related issues, you should read this paper.

**Bernard Hoekman and Beata Smarzynska Javorcik, eds., Global Integration & Technology Transfer, World Bank, 2006.
Sections will be specified in lecture.

*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.

*Leading Issues in Economic Development, 8th ed., Chapters III.B and V
OR
*Leading Issues in Economic Development, 6th ed., Chapters IV and V.
[For the 6th ed., Japanese Version is available as u‘ÛŠJ”­ŒoÏŠw“ü–åv]

*Robin Cohen and Paul Kennedy, Global Sociology, New York University Press, 2000.
Chapter 7.

*World Bank, Finance for Growth: Policy Choices in a Volatile World, Oxford University Press, 2001.
If you are finance-oriented, you should read through this book. If not, simply skim through.

*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.

Karl Kaiser, Jhon J. Kirton and Joseph P. Daniels, Shaping a New International Financial System: Challeges of governance in a globalizing world, Ashgate, 2000.

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

(A) A.J. Makin, Global Finance and the Macroeconomy, Palgrave, 2000.
Chapters 1, 8 and 9.



BOP Crises, Stabilization and Structural Adjustments (by IMF/World Bank):

**Economic Development, 9th ed., Chapter 14.

**World Trade and Payments: An Introduction, 10th Ed., Chapters 15 and 24.

Leading Issues in Economic Development, 6th ed., Chapters VII.A,C,D.
[For the 6th ed., Japanese Version is available as u‘ÛŠJ”­ŒoÏŠw“ü–åv]

**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.



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.

*Robin Cohen and Paul Kennedy, Global Sociology, New York University Press, 2000.
Chapter 10.

**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 eds., Rethinking the East Asian Miracle, WB-Oxford University Press, 2001.

*Shahid Yusuf and Simon J. Evenett, Can East Asia Compete? WB-Oxford University Press, 2002.

*Shahid Yusuf, et al., Innovative East Asia: The Future of Growth, WB-Oxford University Press, 2003.

*Augus Maddison, D.S. Prasada Rao, and William F. Shepherd eds., The Asian Economies in the Twenties Century, Edward Elgar, 2002
Chapters 1,2, and 9 are highly recommended.

Tran Van Hoa, ed., The Asia Recovery: Issues and Aspects of Development, Growth, Trade and Investment, Edward Elgar, 2001.

Gunther G. Schulze, The Political Economy of Capital Controls, Cambridge University Press, 2000.

**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.)



Development Management under Globalization: Globalization, Governance and the Nation State

**Economic Development, 9th ed., Chapter 17.

**Caglar Ozden and Maurice Schiff, eds., International Migration, Remittances & the Brain Drain, World Bank, 2006.
[Sections will be specified in lecture. Xerox copies will be distributed in the class.]

*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.

*Robin Cohen and Paul Kennedy, Global Sociology, New York University Press, 2000.
Chapters 1, 2, 5, 11, 14 and 20.

Philip Arestis, Michelle Baddeley and John McCombie, What Global Economic Crisis? Palgrave, 2001.

Karl Kaiser, Jhon J. Kirton and Joseph P. Daniels, Shaping a New International Financial System: Challeges of governance in a globalizing world, Ashgate, 2000.

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.

David Held and Anthony McGrew, eds., Governing Globalization: Power, Authority and Global Governance, Polity, 2002.

(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

**World Bank, Globalization, Growth, and Poverty, Oxford University Press, 2002.
[ Selections. Xeroxed copies will be distributed in the class.]

**World Bank, World Development Report 2006\Equity and Development.
Read Chapter 3: Equity from a global perspective, Chapter 9: Markets and the macroeconomy, and Chapter 10: Achieving greater global equity.

**World Bank, Global Economic Prospects 2006: Economic Implications of Reminances and Migration
Read **Chapters 2 and 3. *Chapters 4-6 are extra.

**David Dollar, "Globalization, Poverty, and Inequality since 1980," Policy Research Working Paper No. 3333, The World Bank (2004).
[PDF file is here.]

**David Dollar and Aart Kraay, "Trade, Growth, and Poverty," Policy Research Working Paper No. 2615, The World Bank (2001).
[PDF file is here.]

**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).
[PDF file is here.]

Leading Issues in Economic Development, 8th 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 2000/2001\Attacking Poverty.

*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.

*Robin Cohen and Paul Kennedy, Global Sociology, New York University Press, 2000.
Chapter 8.

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

World Bank, World Development Report 1990\Poverty.

World Bank, World Development Report 2000/2001\Attacking Poverty.

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

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

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




Grading Policy

A take-home essay exam (final exam) will be required. Your class participation and contribution will also be an important grading factor. Those who assume the role of leaders in reading/discussion sessions will be awarded with special merits. Details will be discussed in the class.




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