Bulletin Board for Governance and Development 2003-2004

As the core discipline subject of the DID’s Economic Development Policy & Management (EDPM) Program, this course "Development Economics (DE)" 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 “development” and poverty reduction (Poverty-Growth-Inequality Triangle, SDGs);
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) financing development (capital and saving, financial system and development);
7) guiding development―markets vs. controls (the role of government in development, good governance);
8) development and institutions; and
9) new development challenges in the 21st century (globalization, international economic system, development and environment, and Sustainable Development Goals, etc.)
This year, I would also like to talk about the Life after Development, that in turn depend on the golas of development, using JAPAN as the frontier case.

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"International Developent Economics (Globalization and Development)," the sequel course to "Development Econmocs" offered in the second semester will handle international aspects of development economics. The IDE 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’s 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);
5) toward governance and quality of growth under globalization (growth and equity under globalization, localization under globalization); and
6) country case studies (with student presentations).
This year, I would also like to talk about diversified development paradigms and global governance, cooperation.

Date of Entry	Messages for 2021 Spring Participants Due to the COVID-19, and also to vision disabilities I have, the Development Economics lectures in Spring 2021 will be basically offered ON ZOOM. Instructions will be posted through the NUCT system AND in the top section of the DE Course On-Line Syllabus. As we will make the full use of the NUCT system, the usage of this Bulletin Board will be minimized. I just leave the messages and documents delivered during the DE lectures in normal years (before COVID-19) just for your references. ＊＊＊＊ Due to my vision disabilities, I will only update this Bulletin Board with new entries when there are students participating from abroad WITHOUT Accessis to the NUCT System, for them to dowload course materials from this BB. Those with NUCT accesses should use that system for downloading the most recent course materials. ＊＊＊＊ START from the BOTTOM of this Panel and MOVE UP!! Please GO to the BOTTOM of this panel FOR the starting entries and INITIAL ENTRIES . (Prof. Otsubo) (Last Update: April 1, 2021)

April, 2018 April 2019	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) Post-war Development of the Japanese Economy (Notes for EDP&M Students) For the academic year of 2019-2020, we will use this material together with additional set of information for our discussion of the "Life after Development."
July	Course Evaluation Sheets !! You (either you are registered or auditting students) will be requested to fill one of the following course evaluation sheets and submit them in the lecture on July 18. Development Economics 2017 Course Evaluation Sheet (English) Development Economics 2017 Course Evaluation Sheet (Japanese) These will be used for me to improve the contents of this course for future students. Your kind inputs will be most highly appreciated. Thank you in advance. Instructor: Prof. Shigeru T. Otsubo
June-July	Results from Market Experiment Part I !! Summary Results from Market Experiments Part I Download the results and analyse them... (The LINK will be provided later.)
June-July	--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) 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 the days of Market Experiments lectures, classes will be stretched to 12:30pm so that we can finish experimMents 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 newr editions). Read Chapter 7: The Public Sector, (OR Read the chapter on Public Sector in your textbook on Microeconomics.) Joseph E. Stiglitz, Economics of the Public Sector, 3rd ed., W.W. Norton & Co., 2000. (OR any newer editions.) 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. (You can take a look at any related chapters in your textbook(s).) For those who are interested in Experimental Economics, refer to readings in the On-line Course Syllabus. Market vs. Government Control in Economic Development:* Building Instituions for Development Coordination **Economic Development, 12th (or 11th) ed., Chapter 11: Development Policymaking and the Roles of Market, State, and Civil Society. OR **Economics of Development, 7th (or 6th) 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, 8^th ed., Chapter IX. OR *Leading Issues in Economic Development, 6^th 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 「国際開発経済学入門」] World Bank, World Development Report 2002―Builidng Instituions for Markets*, 2002.
April-June (Anytime)	Abount the qustion raised w.r.t. the new directions of development economics, refer to the WDR2015 as a typical example. Mind, Society, and Behabior http://www.worldbank.org/en/publication/wdr2015 For those who can read Japanese articles, also refer to the JASID's Journal of International Development Studies, Voi.24, No.2 (2015.11) Washington Consensus
May-June	May + June Lectures Part II: Learning Key Principles of Development Economics -- Growth Theories & Structural Models Starting in mid 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. We will follow Prof. Otsubo's not-so-beautiful lecture notes in this Part II. (To be distributed in the Class.) 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, 12th (or 11th) ed., Chapter 3. Second Lecture on Growth Theories and Models: Neo-Classical Growth Model Economic Development, 12th (or 11th) ed., Chapter 3. Third Lecture on Growth Theories and Models: Endogenous Growth Model + Two-Sector Model (+Rural-Urban Migration Model) Economic Development, 12th (or 11th) ed., Chapter 4. Economic Development, 12th (or 11th) ed.,Chapter 7. 'Migration and Development' () and 'Toward an Economic Therory of Rural-Urban Migration' ()) for the Migration Model. (*) for other sections.
April-May (Presentation Files)	Some Lecture/Presentation Materials 1) Evolutions of Socio-Ecomic Systems 2) I2ID-Development Economics Presentation.....1on1.....2on1.....4on1 3) AED Keynote & UNIDO IDR2016 Tokyo Launch Presentations Tectbook: Read Chapters 5 of Economic Development, 12th Edition, and then proceed to Chapter 3. Detailed Version of the P-G-I Triangle (Related to Chapter 5)
April, 2020	First lecture (orientation meeting) of "Development Economics" will meet on Tuesday, April 14: place to be announced by the academic office; 10:30 - 11:00 a.m. Due to the COVOD-19, there will be NO CLASSROOM SESSIONS in April. We hope to resume classroom sessions in May (starting date to be announced later). ....... Those who maganed to complete all the reading assignments for April-May, download "Post-WWII Japanese Development Experience" from the "Required Study Material" sectionon the Menu Table in the Otsubo Seminar HP and read it through. 1) Visit online course syllabus from the top page. 2) Start reading Chapters 1 and 2 of Economic Development, 12th Edition (Todaro and Smith), and then proceed to Chapter 5. 2) Download and read Introduction and Chapter 1 of I2ID Book; AND Chapter 30 (concluding chapter) of Globalization and Development, Volume III. Globalization and Development, Volumes I, II, and III are available at the Resteicted Circulation Section of the GSID Library. E-Books are now available through the GSID Library. Links are available in the International Development Economics On-Line Syllabus, too. Prof. Otsubo's I2ID Book Site Shigeru Otsubo, ed., Globalization and Development, Routledge, 2016. Volume III: In search of a new development paradigm Together with Volumes I and II, they are now available by e-Book through GSID Library, free of charges. Entry links/URLs are also provided in the Top Page of the Otsubo Seminar HP (after the book cover page pictures). (Notice)** Majority of reading materials should be available in the designated section (Prof. Otsubo's corner) in the GSID library. No prerequistes for this course. This couse accomodates 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. Those who do not have Economics and/or Mathematics backgroud are strongly recommended to take the Basic Economics and Mathematics, the orientation course provided by the EDP&M Program. See you all in the class!* Prof. Otsubo