Introduction

    Dimensions of globalization
    Dimensions of poverty

Concepts of Economic Development

    Economic development as growth in per capita income
        GDP, GNP, net factor payments
        Per capita GNP and its growth rate
        Limitations of per capita GNP as a development indicator
    Economic development as human development
        The HDI
        The relationship of human development and growth
        Criticisms of the HDI
        Defenses of the HDI
    Economic development as structural transformation
        The “basic idea” behind structural transformation
        Changes in agriculture, manufacturing, and services as a percent of GDP
        The importance of producer services
    Recent trends in globalization and poverty

History and Colonial Legacies

    North, D.C., "Economic Performance through Time"
    Institutions in economic development
        What are institutions?
        Path dependence
    China’s unrealized colonial potential
    Colonial systems of Spain and Portugal
    Roles of disease, gold mining, sugar plantations, and slavery in the New World
    Demographic catastrophes in Latin America and Africa
    Differing natures of Old and New World slavery
    Holland’s merchant colonialism- role of Dutch East India Company
    England’s free trade colonialism- forced deindustrialization in India
    "Scramble for Africa" in late 1800s
    The set of colonial legacies or elements of path dependence

Classical Theories of Economic Development

    Important elements of Adam Smith’s theory of development
        What is wealth and how is it best provided?
        Vision of accumulation process
    Important elements of Thomas Malthus’ ideas on population and development
        Geometric vs. arithmetic increases
        Views on "moral restraint" and social policies
        Validity in light of historical evidence
    David Ricardo’s ideas of conflicts within capitalist development
        Law of diminishing returns
        Landowners vs. industrialists (conflict in development)
    Karl Marx’s theory of technical change in capitalist development
        Positive and negative legacies
    Max Weber's theory of "the spririt of capitalism."

Neoclassical Growth Theory

    Neoclassical growth theory
         Y = AF(L,K)
         y = Af(k)
         actual investment vs. breakeven investment in the fundamental equation
         graphical determination of the steady state k
         effects of changes in n, s, and A
         conditional convergence hypothesis and Solow residuals
    New or endogenous growth theory
         alternative aggregate production function (role of human capital)
         new growth theory and human development

Technology

    Endogeneity of technological development
    Szirmai decomposition
    Sources of labor productivity
    Neoclassical vs. evolutionary perspective on technological development
    Intellectual property rights
    Technology diffusion/transfer and learning
    Clusters and local innovation
    Global Economics Prospercts 2008

Population and Development

    Basic definitions
        crude birth rate, crude death rate, natural rate of population growth, net migration,
        actual rate of population growth, population doubling time, total fertility rate,
        life expectancy, dependency ratio
    Population pyramids and age-gender structures
    Determination of crude death rate
    Determination of crude birth rate
    Demographic transitions
    Population policies
    UN policy history, including Cairo ICPD 1994  

Health and Development

    Ends versus means
    Quantitative indicators of health
    Morbidity characteristics in developing countries
    TB, malaria, AIDs
    Global Fund to Fight AIDS, Tuberculosis, and Malaria
    Health policy lessons
    School-based primary health services and food programs
    Intellectual property rights and access to medicines  

Education and Development

Agricultural and Rural Development

    Facts and implications
    Extensive versus intensive agricultural development
    Induced technological change
    The Green Revolution
    Streeten’s policies for agricultural development (6 “Ins”)
    Rural nonfarm development and the Reinert model (modified Ricardian model)

    Ricardian model
    Lewis model (modified Ricardian model)
        the model itself
        its implications
        criticisms of the model
    Balanced Growth, the Big Push, and large-scale industrialization
    The informal sector
    Urban bias  
    Import substitution industrialization and export promotion
        Infant industry protection
    Trade and poverty alleviation
        Market expansion
        Promotion of competition
        Promotion of productivity      
        Market access
        Health and safety issues