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Course Evaluation
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Take-Home Final Exam
As you have already expressed your preferences, I have decided to give you a Take-Home Final Exam. Questions will be discussed on January 13 or/and 20.
The due date for this take-home, open-book exam will be Friday, February 6 (5 pm). You should submit your paper, in a specified format, in my mail box on the 1st floor of the GSID buidling.
Course Evaluation
Course evaluation is now mandatory. Your comments will be solely used in order for me to improve the organization/structure and methodologies to be used in the future DMUG lectures. Please download the following evaluation sheets (choose English version or Japanese version), fill out your responses and comments and bring them to the class on January 27. (There will be credits toward your final grade.) Make sure to bring the sheets completed beforehand as we will not have any time to fill them out during the last class meeting of this semester. It is of utmost importance for me to know which topics you think desirable OR not desirable for this course, as I can only introduce selected topics/issues.
DMUG 2008 Course Evaluation Sheet (English version)
DMUG 2008 Course Evaluation Sheet (Japanese version)
Let me thank you in advance for your kind cooperation and valuable inputs!!
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December 15, 2008
Updated on December 26, 2008
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January Lectures (13, 20 and 27) - Trade and Development, WTO
In Japnuary, 2009, we will deal with the topics in International Trade and Development & Globalization and Equity.
On January 13, 20, we will discuss benefits of trade/openness for development, basic trade strategies, and WTO principles. (Readings 1), 2), 3) )
Mr. Zamroni will present topics from:
a) Basic gains of trade & Costs of Protection (WTP Ch.2 Section 2.3 and 2.4; Ch 10 Section 10.1 and 10.2)
b) Political Economy of Protection (WTP Ch.11)
Here's his lecture note:
Benefits of Trade & Costs of Protection (PDF)
Benefits of Trade & Costs of Protection (Power Point)
Power Point File
Download them and bring them with you to the class!!
(Uploaded on December 26)
On January 27, we will discuss Globalization/Trade, Poverty Reduction, Equity issues and WTO (Readings 4) , 5) and 6)).
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Required Readings for January Lectures:
1)  ***World Bank, World Development Report 2000\Entering the 21st Century,
Chapter 2: The Wolrd Trading System: The Road Ahead.
2) **WTP Chs. 1,2, and 3; ED Ch.12
3) **WTP Chs. 10,11; ED Ch. 13.
Those who have studied basic theories of benefits of trade and cost of protection in Development Microeconomics, read only ED Chapters 12 and 13. Those who have not yet studied basic trade theories, go through WTP Chapters, too.
4) Following four articles
*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.]
*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.]
5) DTW: Selected Chapters- ** Ch.6; * Chs. 8,9, 17,18,19, 24, 47 and 48.-
Also visit the following WTO website in advance:
a) top page: http://www.wto.org/
b) a navigational guide:
http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact1_e.htm
c) the system of agreements:
http://www.wto.org/english/thewto_e/whatis_e/tif_e/agrm1_e.htm
6) **ED Ch. 17. Other readings shown in the Part IV 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.
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Either on January 13 or January 20, I will give you the questions for the take-home exam.
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| November 20, 2008
Updated on December 15, 2008
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Self-Study for December 2, 9, 16 Lectures
Globalization in Development Finance and Financial Crises
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Required Readings for December Lectures:
***WTP: Chs. 16,24; ED:Ch.14, pp.673-705, Ch.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.
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Additional Readings for Those interested in Financial Crises:
Globalization in Development Finance and Financial Crises
***Ken Kuttner and Rafael M. Samano-Palacios, "The Mexican Financial Crisis: A Case Study," (1996).
A Case Study to be distributed in class.
*Joseph E. Stiglitz, Globalization and Its Discontents, W.W. Norton, 2002.
Ch.4: The East Asia Crisis
Economic Governance and Crisis in Emerging Economies
*Yoichiro Ishihara, "Economic Governance and Economic Performacne in Developing Countrires," Forum of International Development Studies, Vol. 19 (Oct, 2001)
Download and read the full paper if your are interested!
Also visit and take a look at the following documents.
Letter of Intent of the Government of Thailand to IMF
(August 14, 1997) The first LOI in the midst of the financial crisis.
The IMF's Response to the Asian Crisis: A Factsheet
(January 17, 1999) The IMF's accounts of the facts of IMF's response to the AFC.
Recovery from the Asian Crisis and the Role of the IMF
(June 2000) A summary (by IMF staff) of the Asian recovery.
For those who do not understand IS-LM framework, you should consult with a textbook on Macroeconomics (those used in Development Macroeconomics (Prof. Osada).
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| November 20, 2008 |
Self-Study for November 18, 25 Lecture
Understanding the Big Picture
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| November 11, 2008 |
Self-Study before November 18 Lecture
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October 20, 2008
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Required Readings in Preparation for November 11 Opening Lecture:
Required and Recommended Readings
**World Bank, Globalization, Growth, and Poverty (2002).
Read Overview and Chapter 1: The New Wave of Globalization and Its Economic Effects.
**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, World Development Report 2000\Entering the 21st Century.
Read Overview, Introduction, and Chapter 1 for now.
*Jeffrey D. Sacks and Andrew Warner, "Economic Reform and the Process of Global Integration," Brookings 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.]
*David Dollar, "Globalization, Poverty, and Inequality since 1980," Policy Research Working Paper No. 3333, The World Bank (2004).
[PDF file is here.]
*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).
[PDF file is here.]
** 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).
To blush up you memory about BOP and Basic Trade Model
**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 Chapter 1 (1.1 & 1.2): Introduction; Chapter 2: The Gains from Trade; and Chapter 15: The Balance of Payments Accounts.
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| October 20, 2008
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First class of Development Management under Globalization (DMUG) for 2008-2009 will meet on Tuesday, November 11.
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.
If you are not certain either you are qualified to take this course or not, pls. consult with this instructor at the end of the first lecture.
Given the limited number of class meetings due to OFW/DFW schedule, I will mobilize seminar/topic oriented method for this DMUG 2008-2009. That is, I intend to use 1 hour for discussion of particular paper/topic initiated by a short student presentation. For each meeting I will present 30-minute theory/framework disposition.
Therefore, your active participation/presentation will be the key in this course.
November 11: (10:30 a.m. - 12 noon; #3 Lecture Room, 6th floor)
1) Introduction to DMUG (course syllabus, course requirements, etc.)
We plan to move to a smaller lecture/seminar room after the first meeting, for more class-room discussions.
Regularly pay attention to
1) "Development Management under Globalization (DMUG)", our on-line course syllabus (will be ready by November 5),
2) "Exploration of Economics/International Development Resources", our internet resources, and
3) this Bulletin Board.
Course announcements will be made through this DMUG BB.
Again, welcome back to GSID !! See you all on Tuesday, November 11 !!
Prof. Otsubo
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Globalization and Developing Countries--An Overview: 