Development Policy

Session 1. Introduction and Organizational Meeting

• United Nations General Assembly. 2015. "Transforming our world: the 2030 Agenda for Sustainable Development, http://www.un.org/ga/search/view_doc.asp?symbol=A/RES/70/1&Lang=E.

Session 2. Measuring and Defining 'Development'

• Ravallion, Martin. 1997. "Good and Bad Growth: The Human Development Reports." World Development 25(5): 631-638. https://www.sciencedirect.com/science/article/pii/S0305750X96001416. 
• Take a look: United Nations Development Programme, Human Development Index (HDI), http://hdr.undp.org/en/content/human-development-index-hdi. 
• [Recommended] (alternative indicators to GDP), Stiglitz, J., Amartya Sen, and Jean-Paul Fitoussi. 2009. Report by the Commission on the Measurement of Economic Performance and Social Progress. http://ec.europa.eu/eurostat/documents/118025/118123/Fitoussi+Commission+report (It's optional, but recommend skimming p.11-18, 'Executive Summary' part).

Review

Session 3. Historical Legacy: Modernization and Development

• Sachs, Jeffrey. 2006. "Chapter 2. The Spread of Economic Prosperity." The End of Poverty: Economic Possibilities for Our Time. New York: Penguin (also, strongly recommend reading, Chapter 3).
• [Recommended] Lindauer, D. and Lance Pritchett. 2002. "What's the Big Idea? The Third Generation of Policies for Economic Growth." Economia (Fall). Skim p.4-17 http://academics.wellesley.edu/Economics/Lindauer/Documents/lindauer.pdf.

Session 4. State, Market and Capitalist Development

• Hall, Peter A. and David Soskice. 2001. "Ch 1. Introduction." Varieties of Capitalism: Institutional Foundations of Comparative Advantage. Oxford: Oxford University Press, available at Peter Hall's website, http://www.people.fas.harvard.edu/~phall/VofCIntro.pdf 
• [Recommended] Rodrik, Dani. 2007. "Chapter 1. Fifty Years of Growth (and Lack of Thereof)." One Economics, Many Recipes: Globalization, Institutions, and Economic Growth. Princeton: Princeton University Press
• [Recommended] Williamson, John. 1993. "Democracy and the 'Washington Consensus," World Development 21(8): 1329-36. https://www.sciencedirect.com/science/article/pii/0305750X9390046C

Session 6. State-led Development (II): Bureaucrats, Trade, Macroeconomic Stability, and Embedded Autonomy

• Gill, Indermit and H. Kharas. 2007. "Chapter 2. Trade." An East Asian Renaissance: Ideas for Economic Growth. New York: The World Bank, p.81-122, available at http://siteresources.worldbank.org/INTEASTASIAPACIFIC/Resources/226262-1158536715202/EA_Renaissance_full.pdf. 
• [Recommended] Kang, David C. 2002. "Bad Loans to Good Friends: Money Politics and the Developmental State in South Korea." International Organization 56(1): 177-207. https://www.jstor.org/stable/3078674?seq=1#page_scan_tab_contents.
• [Recommended] Tejada, Carlos. 2017. "Money, Power, Family: Inside South Korea's Chaebol." New York Times, February 17 (if your interested in Chaebol's inside) http://www.nytimes.com/2017/02/17/business/south-korea-chaebol-samsung.html.
• [Recommended] Krueger, Ann. 1990. "Government Failures in Development," Journal of Economic Perspectives 4: 9-25. https://www.jstor.org/stable/1942926.

Review

Session 7. Education and Development

• Banerjee A. and Esther Duflo. 2011. "Chapter 4. Top of the Class." Poor Economics, A Radical Thinking of the Way to Fight Global Poverty. New York: Public Affairs.
• [Recommended] Tilak, Jandhyala B. G. 2002. Building Human Capital in East Asia: What Others Can Learn. New York: The World Bank. https://siteresources.worldbank.org/WBI/Resources/wbi37166.pdf.
• [Recommended] Chaudhury, Nazmul, Jeffrey Hammer, Michael Kremer, Karthik Muralidharan, and F. Halsey Rogers. 2006. "Missing in Action: Teacher and Health Worker Absence in Developing Countries. The Journal of Economic Perspectives 20(1): 91-116, available at http://siteresources.worldbank.org/INTPUBSERV/Resources/477250-1187034401048/ChaudhuryandothersMIA.pdf.

Session 8. Health and Social Care

• Banerjee, A. and Esther Duflo. 2011. "Chapter 3. Low-Hanging Fruit for Better Health." Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. New York: Public Affairs. 
• [Recommended] Lewis, Maureen. 2006. "Governance and Corruption in Public Healthcare Systems." Center for Global Development Working Paper 78, available at http://www1.worldbank.org/publicsector/anticorrupt/Corruption%20WP_78.pdf.
• [Recommended] Huyen Thanh Dao, Hugh Waters, and Quan Vu Le. 2008. "User Fees and Health Service Utilization in Vietnam: How to Protect the Poor? Public Health 122(10): 1068-1078.

Session 9. Innovation, Science & Technology

• UN System Task Team on the Post-2015 UN Development Agenda. 2013. "Science, Technology and Innovation for Sustainable Development." Available at http://www.un.org/en/development/desa/policy/untaskteam_undf/thinkpieces/28_thinkpiece_science.pdf. 
• [Recommended] Castells, Manuel and Peter Hall. 1994. Technopoles of the World: The Making of Twenty-First-Century Industrial Complexes. New York: Routledge University Press. 
• [Recommended] West, Darrell M. 2011. Technology and the Innovation Economy. Center for Technology Innovation at Brookings Institute (October 19), available at http://www.brookings.edu/wp-content/uploads/2016/06/1019_technology_innovation_west.pdf.

Session 10. Rule of Law, Clientelism and Corruption

• Hutchcroft. Paul D. 1997. "The Politics of Privilege: Assessing the Impact of Rents, Corruption, and Clientelism on Third World Development. Political Studies 45(3): 639-58. http://onlinelibrary.wiley.com/doi/10.1111/1467-9248.00100/abstract 
• [Recommneded] Haggard, Stephan, Andrew MacIntyre, and Lydia Tiede. 2008. "The Rule of Law and Economic Development," Annual Review of Political Science 11: 205-234, available at https://law.utexas.edu/conferences/measuring/The%20Papers/ruleoflawconference.Haggard&Tiede.Rule%20of%20Law.March13.2010.pdf. 
• [Recommended] Svensson, Jakob. 2005. "Eight Questions about Corruption." The Journal of Economic Perspective. 19(3): 19-42. http://kie.vse.cz/wp-content/uploads/Svensson-2005.pdf.

Review & Discussion

• Please read before class, The Straits Times, "Fighting Against Corruption: Singapore's Experience," available at http://www.straitstimes.com/opinion/fight-against-corruption-singapores-experience.

Session 11. Capital Accumulation and Growth: Harrod-Domar and Solow Models

• Perkins, Chapter 4 and/or Weil, D. Economic Growth, Addison-Welsley, 2005, Chapter 3, or better yet: Weil, D. Economic Growth, Chapter 3, or still even better: Jones, C. Introduction to Economic Growth, Chapter 2.
• Riedel, J. Notes on Growth Theory and Evidence, mimeo.
• [Recommended] Easterly, William.1999. "The Ghost of the Financing Gap: How the Harrod-Domar Model Still Haunts Development Economics, Journal of Development Economics, 12: 423-438.

Session 12. Testing the Solow Model and its application to Growth Accounting

• Perkins, Chapters 1 - 3[Recommended] Mankiw, N. et.al. 1999. "A Contribution to the Empirics of Economic Growth," Quarterly Journal of Economics, 1999. 401-437.
• [Recommended] Riedel, J. 2007. How China Grows: Investment Finance and Reform, Princeton U. Press, Chapter 2.
• [Recommended] Young, A. 1995. "The Tyranny of Numbers: Confronting the Statistical Reality of East Asian Growth Experience," Quarterly Journal of Economics, 641-680.

Session 13. Technology Change and Growth – Endogenous Economic Growth

• Perkins, Chapter 4
• Riedel, J. Notes on Endogenous Growth Models. mimeo
• [Recommended] Lucas, R. 2009. "Trade and the Diffusion of the Industrial Revolution," American Economic Journal: Macroeconomics," 1-15. 
• Riedel, J. 2016. "Growth Slowdown and the Middle-Income Trap in Asia," in H. Hill and J. Menon, eds., Managing Globalization in Asia, Singapore: ISEAS

Review

Session 14. The Big Debate—Policy versus Geography versus Institutions

• Acemoglu, D and J Robinson. 2012. Why Nations Fail. Milken Institute Review. http://assets1b.milkeninstitute.org/assets/Publication/MIReview/PDF/75-89MR55.pdf. 
• Sachs, J. 2012. "Government, Geography, and Growth: The True Drivers of Economic Development" Foreign Affairs, September-October, 142-150.
• [Recommended] Diamond, J. 1999. Guns, Germs and Steel: The Fates of Human Societies. New York: WWW Norton & Company.
• [Recommended] Acemoglu, D et. al. 2002. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World, Quarterly Journal of Economics, Nov, 1231-1294.

Session 15. Private Saving, Financial Development and Growth

• Perkins, Chapter 10
• Riedel, J. Notes on Determinants of Private Saving: Theory and Empirical Evidence
• Riedel, J. Notes on Financial Development and Growth
• Levine, Ross. 2003. "Finance and Growth: Theory, Evidence and Mechanisms," In Philippe Aghion and Steven N. Durlauf (eds.), Handbook of Economic Growth, Vol 14.

Session 16. Foreign Saving (FDI and ODA) and Growth

• Perkins, Chapter 14.
• [Recommended] Obstfeld, Maurice. 2008. "International finance and growth in developing countries: What have we learned." Commission on Growth and Development, Working Paper No. 34.
• [Recommended] Burnside, C. and D. Dollar. 2000. "Aid, Policies and Growth," American Economic Review 90: 847-68 2000.

Review

Session 17.  Public Saving, Investment and Growth

• Riedel, J. Lecture notes on Public Investment and Growth
• Pritchett, Lant. 2000. "The Tyranny of Concepts: CUDIE (Cumulated Depreciated Investment Effort) is NOT Capital, Journal of Economic Growth, December: 361-384.
• Berg, Andrew, et.al. 2016. "Public Investment Efficiency and Growth" VOX January.

Session 18. Development with Surplus Labor—The Lewis Model

• Perkins, Chapter 4
• [Recommended] Lewis, A.W. 1954. "Economic Development with Unlimited Supplies of Labor," The Manchester School. 1954 139-191. 201 (recommended)
• [Recommended] Das, M and P N'Diaye. 2013. "Chronicle of a Decline Foretold: Has China Reached the Lewis Turning Point?" IMF Working Paper, WP/13/26.

Session 19. Import-substitution versus Export-oriented Industrialization Strategies

• Perkins Chapters 18 and 19
• Bhagwati, J. and T.N. Srinivasan. 1999. "Outward-Orientation and Development: Are the Skeptics Right? Yale Growth Center Discussion Paper no. 806.
• [Recommended] Kravis, I. 1970. "Trade as the Handmaiden of Growth: Similarities between the Nineteenth and Twentieth Centuries" Economic Journal. December: 850-872.
• [Recommended] Riedel, J. 1984. "Trade as the Engine of Growth in Developing Countries, Revisited", Economic Journal, Vol. 94, No. 373 (March): 56-73.

Session 20. Industrialization in Vietnam

• Riedel, J. 1993. "Viet Nam: On the Trail of the Tigers," The World Economy, vol. 16, no. 4, July: 401-422.
• Riedel, J. and T. Pham. 2014. "Vietnam: Trapped on the Trail of the Tigers," Premachandra Athukorala, Arianto Pantura and Budy Resosudarmo, Trade, Industry and Development in East Asia, Institute of South East Asian Studies and Alan & Unwin.

Review

Final Exam