Development Policy

Lecture 1: Patterns of Development and Issues of Development Policy

Chau Van Thanh

Required Readings:

*Perkins et al. 2006/2013. Chapter 1.

*Dani Rodrik and Mark R. Rosenzweig (2009) Development Policy and Development Economics: An Introduction.

Suggested Readings:

Michael P. Todaro and Stephen C. Smith, Economic Development, Chapter 1: Introducing Economic Development: A Global Perspective (12th Edition), London: Pearson Education, 2014.

Francis Fukuyama (2016), Exporting the Chinese Model. At https://www.project-syndicate.org/

Lecture 2: Measuring Economic Growth and Development

Chau Van Thanh

Required Readings:

*Perkins et al. 2006/2013. Chapter 2.

Suggested Readings:

Human Development Report (2010), The Real Wealth of Nations: Pathways to Human Development. 20th Anniversary Edition. Available online in English at http://hdr.undp.org/en/. A Vietnamese language summary is available at http://hdr.undp.org/en/media/HDR_2010_VT_Summary.pdf.

Bộ Kế hoạch Đầu tư, Báo cáo Quốc gia - Kết quả 15 năm thực hiện các Mục tiêu Phát triển Thiên Niên Kỷ của Việt Nam, 2015 .

http://www.mpi.gov.vn/Pages/tinbai.aspx?idTin=29119&idcm=142

Review 1

Chau Van Thanh

Lecture 3: Growth Theory: Harrod-Domar, Solow, Endogenous, Technology Catch-up

James Riedel

Required Readings:

*Perkins et al. 2006/2013. Chapter 4

Suggested Readings:

Easterly, William, "The Ghost of Financing Gap: How the Harrod-Domar Model Still Haunts Development Economics," Journal of Development Economics, 60 (2), December, 1999, 423-438.

Lucas, Robert E, Jr., "Trade and the Diffusion of the Industrial Revolution," American Economic Journal: Macroeconomics, 2009, 1/1, 1-25.

Lecture 4: Growth Accounting

James Riedel

Required Readings:

*Perkins et al. 2006/2013. Chapter 3

*Riedel, James, et. al., How China Grows: Investment, Finance, and Reform (Princeton University Press, 2007), Chapter 2.

Suggested Readings:

Young, Alwyn, "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," Quarterly Journal of Economics, Volume 110 (3), August 1995, 641-680.

Review 

Chau Van Thanh

Lecture 5: Growth Empirics: Cross-Country Evidence

James Riedel

Required Readings:

*Perkins et al. 2006/2013, Chapter 3

*Mankiw, N. G., D. Romer, and D. Weil. "A Contribution to the Empirics of Economic Growth." Quarterly Journal of Economics 107 (1992): 401-437.

Suggested Readings:

Jones, Charles and Paul Romer, "The New Kaldor Facts: Ideas, Institutions, Population and Human Capital, American Economic Journal: Macroeconomics 2010, 2:1 224-245

Review

Chau Van Thanh

Lecture 6: Geography and Institutions

Le Vu Quan

Required Readings:

*Acemogul, Daron and James Robinson, "Why Nations Fail" Milken Institute Review, Third Quarter

Suggested Readings:

Acemoglu, Daron, Simon Johnson and James Robinson, "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," Quarterly Journal of Economics, 117, no. 4 (November 2002) 1231-1294.

Diamond, Jared, Guns, Germs and Steel: The Fates of Human Societies (WW Norton, 1999).

Lecture 8: Does Inequality Matter for Development?

Quan Vu Le

Required Readings:

*David N. Weil (2008), Economic Growth, 3rd edition, Pearson Addison-Wesley. Chapter 13: "Income Inequality."

Suggested Readings:

Does Inequality Matter? The Economist (June 2011).

Robert J. Barro, (2000), "Inequality and Growth in a Panel of Countries." Harvard University Working Paper, http://scholar.harvard.edu/files/barro/files/inequality_growth_1999.pdf

Review

Chau Van Thanh

Lecture 9: Is Growth Good for Poverty?

Chau Van Thanh

Required Readings:

*Wuyts, Marc (2011) "Growth, Employment and the Productivity-Wage Gap: Revisiting the Growth-Poverty Nexus," Development and Change, 42:1, 437-447.

*Bộ Kế hoạch Đầu tư, Báo cáo Quốc gia - Kết quả 15 năm thực hiện các Mục tiêu Phát triển Thiên Niên Kỷ của Việt Nam, 2015, trang 43-54 và 133-136.

http://www.mpi.gov.vn/

Suggested Readings:

Dollar, David and Aart Kraay (2002) "Growth IS Good for the Poor," http://www-wds.worldbank.org/

Foster, James and Miguel Szekely (2008) "Is Income Growth Good for the Poor? Tracking Low Incomes Using General Means," International Economic Review, 49:4, p. 1143-1172.

Lecture 10: Escaping Poverty

Chau Van Thanh

Required Readings:

*Krishna, Anirudh (2004) "Escaping Poverty and Becoming Poor: Who Gains, Who Loses and Why?" World Development, 32:1, p. 121-136.

*Bộ Kế hoạch Đầu tư, Báo cáo Quốc gia - Kết quả 15 năm thực hiện các Mục tiêu Phát triển Thiên Niên Kỷ của Việt Nam, 2015, trang 43-54 và 133-136.

http://www.mpi.gov.vn/

Suggested Readings:

Cecchini, Simone and Andras Uthoff (2008) "Poverty and Employment in Latin America, 1990-2005," CEPAL Review, http://papers.ssrn.com/

Review 

Chau Van Thanh

Lecture 11: Lewis Model of a Surplus Labor Economy

James Riedel

Required Readings:

*Perkins, et al. 2006/2013, Chapter 4

Suggested Reading:

Lewis, W. Arthur (1954) "Economic Development with Unlimited Supplies of Labor," The Manchester School, 22:2, 139-191.

Lecture 12: Import-substitution verses Export-oriented industrialization

James Riedel

Required Readings:

*Perkins, et al. 2006/2013, Chaptes 18 and 19

Suggested Readings:

Kravis, Irving, "Trade as the Handmaiden of Growth: Similarities between the Nineteenth and Twentieth Centuries," Economic Journal, 80, Dec. 1970, 850-872.

Review

Chau Van Thanh

Lecture 13: Current Issues and Debates

James Riedel

Required Readings:

*Baldwin, Richard, "Global Supply Chains: Why they Emerged, Why They Matter and Where They are Going," Fung Global Institute, Working Paper, 2012

*Pham, Thi Thu Tra and James Riedel, "An empirical assessment of comparative advantage dynamics"

Suggested Readings:

Hausmann, Ricardo, Jason Hwang, and Dani Rodrik, "What You Export Matters," Journal of Economic Growth, 2007.

Lecture 14: Vietnam Perspective

James Riedel

Required readings:

*CIEM, Vietnam Competitiveness Report 2010

*Riedel, J. va Pham T. T. T., Vietnam: Trapped on the Trail on the Tigers?

*Pham, Thi Thu Tra, "Should supporting industries be supported?" Vietnam Economic Management Review, Special Issue "Promoting Industrial Cluster Development in Vietnam".

Review 

Chau Van Thanh

Midterm Exam

Lecture 15: Role of Agriculture

Guest Lecture - Tran Tien Khai

Required Readings:

*Bruce F. Johnston and John W. Mellor (1961) "The Role of Agriculture in Economic Development," American Economic Review, 51:4, p. 566-593.

Suggested Readings:

Massoud Karshenas (2001) "Agriculture and Economic Development in Sub-Saharan Africa and Asia," Cambridge Journal of Economics, 25, 315-342.

Gerdien Meijerink and Pim Roza (2007) "The role of agriculture in economic development" Markets, Chains and Sustainable Development Strategy and Policy Paper, no. 5. Stichting DLO: Wageningen. Available at: http://www.boci.wur.nl

Lecture 16: Role of the State in Rural Development

Guest Lecture - Tran Tien Khai

Required Readings:

*Timmer, Peter C (1999) "The Role of the State in Agricultural Development," in C. Peter Timmer (ed.). Agriculture and the State. Ithaca, NY: Cornell University Press.

Suggested Readings:

Colin MacAndrews, Alex Brillantes, and Ammar Siamwalla (2001) "Devolution and Decentralization" in Ammar Siamwalla (ed.), The Evolving Roles of the State, Private, and Local Actors in Rural Asia, Study of Rural Asia: Volume 5, Oxford University Press.

Dorward, Andrew, Jonathann Kydd, Jamie Morrision and Ian Urey (2004) "A Policy Agenda for Pro – Poor Agricultural Growth." World Development, 32:1, 73 – 89.

Lecture 17: Land Tenure and Rural Development

Guest Lecture - Tran Tien Khai

Required Readings:

*Deininger, Klaus (2003) "Executive Summary." In Klaus Deininger (ed.). Land Policies for Growth and Poverty Reduction, World Bank.

Suggested Readings:

Quan, Julian (1998) "Land Tenure and Sustainable Rural Livelihoods," in Diana Carney, ed., Sustainable Rural Livelihoods: What Contribution Can We Make? UK: Department for International Development Press.

Feder, Gershon and David Feeny (1991) "Land Tenure and Property Rights: Theory and Implications for Development Policy," The World Bank Economic Review, 5:1, 135 – 153.

Feder, Gershon and Akihiko Nishio (1999) "The Benefits of Land Registration and Titling: Economic and Social Perspectives," Land Use Policy, 15:1, 25-43.

Hue Le (2008) "Economic Reforms and Mangrove Forests in Central Vietnam," Society & Natural Resources, 21:2, 106-119.

Quy-Toan Do and Lakshmi Iyer (2008) "Land Titling and Rural Transition in Vietnam," Economic Development and Cultural Change, 56:3, 531-579.

Klaus Deininger, Clarissa Augustinus, Stig Enemark and Paul Munro-Faure (2010) "Innovation in land rights recognition, administration and governance". Joint Organizational Discussion Paper—Issue 2, The World Bank, GLTN, FIG and FAO.

Review

Tran Tien Khai

Lecture 18: Education and Development

Quan Vu Le

Required Readings:

*Abhijit Banerjee and Esther Duflo (2011), Poor Economics, A Radical Rethinking of the Way to Fight Global Poverty, Public Affairs. Chapter 4: "Top of the Class."

Suggested Readings:

David N. Weil (2008), Economic Growth, 3rd edition, Pearson Addison-Wesley. Chapter 6: "Human Capital."

Lucas, Robert E. (1990) "Why Doesn't Capital Flow from Rich to Poor Countries?" American Economic Review Papers and Proceedings 80(2): 92-96.

Lecture 19: Health Policies

Quan Vu Le

Required Readings:

*Abhijit Banerjee and Esther Duflo (2011), Poor Economics, A Radical Rethinking of the Way to Fight Global Poverty, Public Affairs. Chapter 3: "Low-hanging fruit for better (global) health."

Suggested Readings:

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.

Lecture 20: Entrepreneurship Development and Policy

Quan Vu Le

Required Readings:

*Abhijit Banerjee and Esther Duflo (2011), Poor Economics, A Radical Rethinking of the Way to Fight Global Poverty, Public Affairs. Chapter 7: "The Men from Kabul and the Eunuchs of India: The (Not So) Simple Economics of Lending to the Poor"

*Abhijit Banerjee and Esther Duflo (2011), Poor Economics, A Radical Rethinking of the Way to Fight Global Poverty, Public Affairs. Chapter 9: "Reluctant Entrepreneurs"

Suggested Readings:

Mendez-Picazo, M-T., M-A Galindo-Martin, D. Ribeiro-Soriano (2012), "Governance, entrepreneurship and economic growth", Entrepreneurship & Regional Development 24: no. 9-10: 865-877

Naude, W. (2010), "Entrepreneurship, developing countries, and development economics: New approaches and insights", Small Business Economics 34: 1-12.

Lecture 21: Microcredit and Entrepreneurship

Quan Vu Le

Required Readings:

*Global Entrepreneurship Monitor: Vietnam Report 2014, VCCI.

*Raven, Peter, and Quan Le (2015) "Teaching Business Skills to Women: Impact of Business Training on Women's Microenterprise Owners in Vietnam", International Journal of Entrepreneurial Behaviour & Research, 21(4): 622-641.

Review

Chau Van Thanh

Lecture 22: Private Saving/Finance and Growth

James Riedel

Required Readings:

*Perkins et al. 2006 Chapter 13 (2013 Chapter 10)

Suggested Readings:

Levine, Ross, "Finance and Growth: Theory, Evidence and Mechanisms," March 2003.

Riedel, James, et. al., How China Grows: Investment, Finance, and Reform (Princeton University Press, 2007), Chapter 4.

Lecture 23: Foreign Saving (FDI and ODA) and growth

James Riedel

Required Readings:

*Perkins et al. 2006/2013 Chapter 14

Suggested Readings:

Burnside, C. and D. Dollar, "Aid, Policies and Growth," American Economic Review 90 (2000) 847-68 2000.

Rajan, R.G. and A Subramanian.. "What Undermines Aid's Impact on Growth?" IMF Working Paper, WP/05/126, 2005.

Obstfeld, Maurice. 2008. "International finance and growth in developing countries: What have we learned." Commission on Growth and Development, Working Paper No. 34.

Review

Chau Van Thanh

Lecture 24: Public saving/investment and growth

James Riedel

Required Readings:

*TBA

Lecture 25: TBA

James Riedel

Required Readings:

*TBA

Review

Chau Van Thanh

Final Exam