Economic Development Policy and Management Program
International Development and Cooperation Course
Graduate Shool of International Development

EDP&M Program Opened !!

Economic Development Policy and Management (EDP&M) program started in
April 2006 as one of the Professional Programs in the International Development
and Cooperation Couse of GSID!

This professional program was build upon the 15-year education/research
experience in Economic Development here at GSID.

EDP&M Professors in India Field Survey 2006.....
(at NGO-Gram Vikas's Campus in Orissa)
Program Core Professors
 Prof. Shigeru T. OTSUBO
[Program Director]
Development Economics
International Economics
Operations Research

Globalization and Development
New Development Paradigm

 Prof. Kiyoshi FUJIKAWA
Economic Statistics

Environmental Economics
Chinese Economy
Prof. Umemura Prof. Tetsuo UMEMURA
Development Economics
International Economics

Tourism and Development
Assoc. Prof. Naoko SHINKAI
Development Economics
International Economics

Development Finance
Infrastructure and Development
Supporting Professors
Prof. Koichi USAMI
(Agricultural Economics)
Rural/Regional Development Program
New Associate Professor (2013.10-)
(Economics of Rural Development)
Rural/Regional Development Program
(International Economic Law)
Governance and Law Program
Visiting Prof. Kaoru HAYASHI
(Project Evaluation)
Grad. School of International Cooperation
Bunkyo University
Adjunct Professors
Prof. Jinjun XUE
(Economic Development Theories
and Empirical Studies)
Graduate School of Economics
Prof. Nobuyuki SATO
(Policy Science)
Graduate School of Economics
Assoc. Prof. Nobuhiko NAKAYA
(Corporate Governance/Finance
in Economies in Transition)
Graduate School of Economics

Visiting Scholars for 2013, 2014


Professors in Other GSID Programs

EDP&M Ph.D.s in Spring 2009...
(at Commencement 2009)

EDP&M Ph.D.s in Spring 2008...
(at Commencement 2008)

EDP&M Ph.D.s in Spring 2007...
(at Commencement 2007)

International Development and Cooperation Course Grand Design

Economic Development Policy & Management Program
Curriculum and Requirements

Overseas Fieldwork . . . . . . . . Domestic Fieldwork

Introduction to International Development (I2ID)  Japan's Development Experience (JADE)

Post-war Development of the Japanese Economy (Notes for EDP&M Students)

(Every student should study this economic/institutional analysis of Japan's post-war miracle recovery, debacle, and .....)

I2ID Book

『国際開発学入門:開発学の学際的構築』 Introduction to International Development Studies:An Interdisciplinary Approach to Development Studies
is published in our celebration of the 20th anniversary of GSID's founding. (December 2009)

Prof. Otsubl led this project for alomost four years as the managing ediror. Prof. Fujikawa acted as one of the seven editorial board members. Prof. Osada, Prof. Shinkai also contributed pieces to this I"ID Book.

Having acknowledged its contribution to the development community, the Japan Society for International Development (JASID) has selected this book for the 2010 JASID Special Award as a benchmark for International Development Studies in Japan.(December 2010)!!

『グローバリゼーションと開発』 Leading Issues in Development with Globalization
is published !! (February 2009)

EDP&M Professors led this GSID-wide publication project.

Research Projects by EDP&M Program Core Professors

(Japanese Govn't Science Research Fund)

Prof. Shigeru T. OTSUBO **

"Controlling the Impact of Globalization on the Poverty-Growth-Inequality Triangle: An International Comparative Study"
(Kiban Kenkyu A)(International Joint Research); 2010-2014

"Development and Happiness: An Inquiry into the Diversification and Endogenization of the Goals of Development"
(Kiban Kenkyu)(Challenging Exploratory Research); 2011-2014

"A Comprehensive Analysis of Development Strategies under Globalization: Establishing 'International Development Economics' as a Synthesis of Economics, Politics/Law, and Culture"

(Kiban Kenkyu B); 2006-2009

"Socio-Economic Sytems Analysis of the Interrelationship between Development Governance and Poverty/Income Inequality under Globalization"
(Kiban Kenkyu C); 2003-2006

** Prof. Kiyoshi FUJIKAWA **

"Environment-economic policies in East-Asia harmonious coexistence era: policy assessment by econometric analyses"
(Kiban Kenkyu C); 2011-2014

"Environment-economic policies in East-Asia harmonious coexistence era: policy assessment by model analyses"
(Kiban Kenkyu C); 2008-2010

"Economic Development and Environmental Policies in East Asia"
(Tokutei Ryoiki Kenkyu; Project Leader: Prof. Mori, Kyoto Univ.); 2006-2011

"Development of Western China and Sustainability of Socialistic Market Economy"
(Kiban Kenkyu B; Project Leader: Prof. Yamamoto, Osaka Kezai Univ.); 2006-2009

Prof. Tetsuo UMEMURA **

"Controlling the Impact of Globalization on the Poverty-Growth-Inequality Triangle: An International Comparative Study"
(Kiban Kenkyu A; International Joint Research; Project Leader: Prof. Shigeru Otsubo); 2013-2014

**Assoc. Prof. Naoko SHINKAI **

" Investigation of Effective Socio-economic Systems in Agricultural Development: A Comparison Study of Brazil and Mozambique"
(Kiban Kenkyu B); 2013-2016

"On Measument of Socio-economic Impacts of Infrastructure Development"
(Kiban Kenkyu C); 2009-2011

"Impact Assessment of Infrastructure Development on Small Indigenous Industry"
(Houga Kenkyu); 2005-2008

** Prof. Hiroshi Osada, Prof. Shigeru Otsubo, Assoc. Prof. Naoko Shinkai **

"Building Interdisciplinary Development Studies through the Case of Poverty Reduction"
(Kiban Kenkyu B: Project leader: Prof. Hirotsune Kimura, GSID, Nagoya Univ.); 2005-2008

(Nagoya University Presidential Research Fund-For Creation of Core Research Projects)

Prof. Shigeru T. OTSUBO **

"Building a Core Research Project for International Development/Cooperation"
& Publication of Introduction to International Development - A Multidisciplinary Approach.
(To be publised in December 2009 - January 2010)

Purpose of the EDP&M Program:

The EDP&M program deals with the issues and theories pertaining to Economic Development that constitute the core of Socio-Economic Development. This program trains students to become career Development Economists or otherwise experts in economic development who can contribute to poverty reduction through economic growth via increased income and/ or employment creation. Facing the multi-dimensional development problems of the 21st century, development economists who are well versed in New Political Economy―a fusion of politics, economics, and culture―are needed. Economists should consider both traditional and new agents in development, socio-economic institutions, and embedded culture in a comprehensive manner so as to effectively situate economic development in a broad context of socio-economic development.

This program deals with the issues related to 1) ‘International Development Economics’ such as trade and development, strategic industrial policies under globalization, FDI induction and management, capital account liberalization, regional economic cooperation, multi-lateral negotiations, etc., and the matching domestic 2) ‘Economic Development Policies & Management’ such as domestic economic/institutional reforms, growth-oriented macroeconomic policies (monetary and fiscal) and management, macro strategies and macro-micro-linkage strategies for poverty reduction, coordination for center-region policies under decentralization, and so forth. The program trains development economists who are capable of managing the cycle of problem identification, policy planning, and execution/coordination. Tools of quantitative analyses such as econometric/empirical analyses and policy simulation models are taught as an integral part of this program.

1) In the Master’s Degree Course, students will develop a strong capacity to analyze a country’s macroeconomic situation in a development context given a set of statistics (S-T analyses). Concurrently, building upon the existing theories of economic growth/development, students also gain knowledge and understanding about medium- to long-term development strategies and supporting quantitative planning tools (L-T analyses). In conjunction with other development professional programs offered at GSID, the rich curriculum enables students to familiarize themselves with newer participants in development, socio-economic institutions, and culture that were previously outside the scope of traditional development economics. In writing the thesis, students are expected to develop the capacity to carry out comprehensive development planning and execution/management, at an entry level.

2) In the Ph.D. Course, building upon the foundation created in the Master’s Degree Course, the program trains students for professional careers as development economists in institutions such as the ADB and the World Bank, and research/teaching careers in universities and other research institutions. Students are expected to acquire a broad knowledge of economic science and develop one (or two) area(s) of professional expertise. Field survey/research in developing countries and internships in development organizations are highly encouraged.

Fields of Profession for Program Graduates:

1) Development Economist in International Development Organizations

e.g. Development Finance Institutions such as World Bank, Asian Development Bank;
United Nations Organizations

2) Development Expert/Development Economist in Japan's Development Community

e.g. JICA, JBIC, ODA-related Ministries, Local Governments, Development Consulting, NGOs, etc.

3) Private Multi-National Cooperations

e.g. Investment Banking, Accounting House, Securities House, Global Manufacturing Business, etc.

4) Economic Affairs Officer/Development Economist in Development Communities of Developing Countries

e.g. Development Planning Agency, Trade/Investment-Related Agencies, MOF, Central Bank, Local Governments, NGOs

5) University Professors and Development Researchers at Domestic/Foreign Development-Related Institutions

e.g. Universities, Research Institutes, Think Tanks, etc.

MA and Ph.D. Theses:

Recent Master Thesis Titles










”China's Emerging Outward Foreign Direct Investment"

”Regional Distribution of Foreign Direct Investment: Locational Determinants of FDI in Mexico"

”Mongolia's Trade with China: Assesing Export Opportunities and Impacts
on the Domestic Economy Using input-Output Analysis”

"An Economic Study on Urban Air Pollution and Valuation of Willingness to Pay for Air Quality Using Hedonic Price"

"E-Finance, Economic Growth and Business Cycles Volatility: Cross-Country Analysis"

"Financial Development in Thailand: A Regional Perspective"

"The Impact of the Economic Crisis to the Indonesia's Export Products: With Emphasis on the Import Content Analysis"

"Promoting Small and Medium Enterprises in Indonesia: A Case Study of SME Cluster in West Java"

"Locational Determinants of Foreign Direct Investment: The Case of Vietnam"

"A Comparative Institutional Analysis about Relationship between Government and Business: The Case of ICT Industries in China"

"Interregional Disparities and Market Fragmentation in China"

Recent Ph.D. Dissertation Titles

「グローバリゼーションの利益とリスク―国際貿易関係を中心として―」 (in Japanese)

「途上国における金融ショックの波及メカニズムに関する分析―1990年代マレーシアのケース―」 (in Japanese)

「戦後日本の経済成長と地域間経済格差に関する研究」 (in Japanese)

「日本企業の物流システムの形成、発展および中国における再構築」 (in Japanese)

「中国環渤海地域の地域産業発展における外資系企業の役割―外資系企業と地場企業との企業間関係の事例研究を中心に―」 (in Japanese)

External Debt, Domestic Debt, and Debt Sustainability: An Empirical Study for Indonesia and Emerging Market Economies

The Impacts of Policies on the SME Sector Performance: the Japanese Experience

East Asian Economic Integration: An Analysis of Economic Welfare and Policy Implications

Impacts of the Trade Liberalization on Economic Growth of Vietnam after Doimoi Policy in 1986

The Effects of Regional Economic Integration and Free Trade Agreements on Trade Flows: The Case of SAARC Countries

”Assessment of Impact of Bilateral FTAs between Thailand and Three Countries: Japan, the United States and China"

"Foreign Direct Investment, Productivity, and Economic Growth: A Case Study of Vietnam 1986-2004"

"Foreign Direct Investment and Regional Disparity in Thailand"

"The Economic Contributions of Promoting the Thai Food Industry to the Economy and Its Future Prospects in the International Market"

"Choice Modeling Approaches to Valuation of Public Goods and their Potentail Use in Public Finance"

"Information Technoloty and the Japanese Financial Sector: An Assessment Study of Adoption and Impacts"

"Corporate Failure and Fraud: Can They be Detected? Empirical Evidence from Malaysia"

"Rethinking the Role of Agriculture and Agro-Industry in the Economic Development of Thailand: Input-Output and CGE Analyses"

"Deepening Interdependence among the East Asian Economies through Intra-Regional Trade and FDI"

"Possible Impacts of Trade Liberalization on the Industrial Development of the Russian Federation"

"A General Equilibrium Analysis of Trade Liberalization in Indonesia"

"The Effective Approach of Capital Account Liberalization for Sustainable Development: Lessons from the Experiences in East Asia"

"Towards a More Effective Monetary Policy Framework for Five Asian Developing Countries after the Financial Crisis"

"Interest Rate Liberalization and Financial Development in HIghly Dollarized Developing Economy: The Case of the Democratic Republic of the Congo"

"Economic Governanace and Crises in Emerging Economies"

"The Impact of Stabilization Policies on the Sudanise Economy: An Empirical Analysis"

"Benefits and Challenges of Fiscal Decentralization in Indonesia"

"Can SMEs be an Engine of Growth in the 21st Century? The Case of Thailand"

"An Economic Analysis of Thailand's Health System: Toward Optimization"

Positions Held by Program Graduates:

Master's Program Graduates

1) World Bank (YP, S-T & L-T Consultants), UNDP, etc.

2) JBIC (Tokyo Hdqtrs., Washington Office), JICA (Staff, Experts, Junior Experts, JOCVs, etc.), JICA Washington D.C. Office, MOFA, JETRO, Institute of Development Economies, Japan Finance Corporation for SMEs , Local Governments (Nagoya City (SME Promotion Office), etc.), Development Consulting Firms (IC Net, Pacific Consultants, Fujitsu Soken, Teikoku Databank, GA consulting, Accenture, etc.), NGO (Care Japan, etc.), etc.

3) Private Firms (SG, Deloitte Touche Tomatsu, JP&Morgan, Deutsche Bank, Toyota Tsusho Corporation, Toshiba, Hitachi, Dainippon Shigyo, Mitsui & Co., Seiyu, Wacoal, Matsushita Electric Industrial Co., Mazda, Olivetti, Komatsu, SONY, Sharp Indonesia, etc.)

4) Indonesian Governments (e.g. MOF, Nanational Development Planning Agency, Regional Development Planning Agency, Ministry of Industry and Trade, National Statistical Office, etc.), Central Bank of Philippines, U.S. Embassy in Cambodia, Norwegian Ministry of Foreign Affairs, California State Govenment, Ministry of Planning and Investment of Vietnam, Minnistry of Finance and Economics of Mongolia, etc.)

5) Many Proceeded to the Ph.D. Program (Refer to the item 4 in the following Ph.D. section.)

Doctoral Program Graduates

1) World Bank (Economist at Washington Hdqtrs., Economist at Jakarata Office, Economist at Afganistan Office, Economist at Ruwanda Office, Economist at the Office of the Chief Eonomist for the East Asia and the Pacific Region, L-T Consultants at Hdqtrs., etc.), FAO, WTO, UNDP, etc.

2) JBIC, JICA, JETRO, Institute of Development Economies, FASID, IDC, Local Governments (Toyota City, Gifu Prefecture, High School Teachers, etc.), Development Consulting Firms (Japan Intelligent Trust, J-Power, Regional Development Planning, etc.), etc.

3) Private Firms (Toyota Motor Corporation-International Strategies, ULVAC Inc.-Rusia/Eastern Europe Division, Shinwa, Consulting Business Development, etc.)

4) Indonesian Governments (Coordinating Ministry of Economics, MOF, National Development Planning Agency, Regional Development Planning Agency, Ministry of Trade, Indonesian Institute of Sciences, etc.), Vietnam (Ministry of Science and Technology, Ministry of Planning and Investment), Thailand (Ministry of Finance of Thailand), Libyan Embassy (MOFA), etc.

5) Japanese Universities (Kyoto, Ryukyu, Shiga, Toyama, Tokyo Metropolitan, Nagoya City, Waseda, Tokai, Aichi Gakuin, Meijo, Osaka Kokusai, Ritsumeikan Asia Pacific, Shizuoka Industrial University, etc.),

Foreign Universities (China: Tsinghua, Beijing U. of International Business and Economics, Shanghai, Shanghai U. of International Business and Economics, Shanghai Institute of Social Sciences; Hong Kong, China: City U. of Hong Kong; Taipei, China: National U. of Kaohsiung; Korea: Samsung Economic Research Insitute; Sri Lanka: U. of Colombo; Vietnam: Natural Sciences and Technology Center; Cambodia: Royal U. of Phnom Penh, Phnom Penh U. of Law and Economics; Thailand: Assumption U., Srinakharinwirot U. ; Congo: Catholic University of Bukavu; USA: Iowa State University, etc.

EDP&M Album

Class of 2010: Ph.Ds

Class of 2010: MAs
March 25, 2010

Class of 2009: EDP&M Ph.Ds
March 25, 2009

Class of 2008: EDP&M Ph.Ds
March 25, 2008

Class of 2007: EDP&M Ph.Ds
March 23, 2007

Class of 2007: EDP&M and other MAs
March 23, 2007

At the first EDP&M excursion to TOYOTA and Kakukyu factories
June 9, 2006

Produced and maintained by Prof. Shigeru T. Otsubo
Last Updated on July 2, 2013