5334sylF05

ECONOMICS 5330 Joseph A. McKinney

Baylor University

Fall Semester 2005ECONOMICS 5334

Joseph A. McKinney

Off. Hrs MWF 9:30-11:00

Economic DevelopmentT 2:00-5:00, or by appt.HCB Room 305Hankamer 332 (McBride Ctr.)

[email protected] Mail: 710-6141

Web Page: http://hsb.baylor.edu/html/McKinneyMain Text:

Michael P. Todaro and Stephen C. Smith, Economic Development, Ninth Edition 2006, Addison and Wesley

A web site is available to accompany this text that has helpful student resources, such as links to resources, quizzes for each chapter, recommended readings, and internet exercises. The URL is http://www.aw-bc.com/todaro_smith. Also, the site has a message board which will enable you to discuss development issues with students from all over the world. I strongly encourage you to establish dialogue on economic development issues with a person in the country that you are studying.

Supplementary Text

World Bank, World Development Report 2005: A Better Investment Climate for Everyone.

Oxford University PressWhile the focus of the most recent World Development Report is on establishing a favorable investment climate, and its importance for economic progress, this publication makes clear that several different aspects of economic development are involved in the process. Study of this text will expose you to cutting-edge thinking on these issues by the World Bank staff.

Virtually unlimited resources concerning Economic Development are now accessible on the Internet. You can find links to some of these on my web page, and others on the web site for the Todaro and Smith text. In addition, you have access to a huge collection of economic and social data, compiled by the World Bank, by virtue of Baylor's institutional subscription to World Development Indicators 2005. Detailed information about this resource is available at http://devdata.worldbank.org/dataonline/Graduate students will be held to a higher standard than the undergraduates with regard to sources used and level of analysis in carrying out the in-class reports and the term project. Graduate student individual reports must summarize scholarly articles available from www.SSRN.com.Powerpoint slides of the lectures for this course are available to you in my folder in the J-drive of the Business School, and should soon be on Blackboard as well.TOPICS:

PART ONE: PRINCIPLES AND CONCEPTSI. The Meaning, Dimensions and Measures of Economic Development

Read Chapter 1 of Todaro and Smith

Case Study: Progress in the Struggle for More Meaningful Development: Brazil

(pp.27-32)

II. Comparative Development:

Differences and Commonalities among Developing Countries


Case Study: Divergent Development: Pakistan and Bangladesh (pp. 84-89)III. Classic Theories of Economic Development


Case Study: Schools of Thought in Context: South Korea and Argentina

(pp. 126-129)

IV. Contemporary Models of Development and Underdevelopment


Case Study: Schools of Thought in Context: South Korea and Argentina

(pp. 241-247)

PART TWO PROBLEMS AND POLICIES: DOMESTIC

V. Poverty, Inequality and Development


Read Overview of World Development Report 2005 (pp. 1-15)

Case Study: Making Microfinance Work for the Poor (pp. 241-247)

VI. Population Growth and Economic Development


Read Chapter 1 of World Development Report

Case Study: Population, Poverty and Development: China and India

(pp. 302-305)

VII. Urbanization and Rural-Urban Migration


Read Chapter 2 of World Development Report 2005

Case Study: Rural-Urban Migration and Urbanization in Developing Countries:

India and Botswana (pp. 349-353)

VIII. Human Capital: Education and Health in Economic Development



Case Study: AIDS--Economic Development and Needed Response:

Uganda and South Africa (pp. 407-411)

IX. Agricultural Transformation and Rural Development



Case Study: Improving Agricultural Extension for Women Farmers:

Kenya (pp. 457-461)

X. The Environment and Development



Case Study: Economic Growth and Sustainability:

The Philippines (pp. 503-509)

XI. Development Policymaking and the Roles of Market, State and Civil Society



Case Study: A National Development NGO: The BRAC Model

(pp. 561-564)

PART THREE PROBLEMS AND POLICIES: INTERNATIONAL AND MACRO

XII. Trade Theory and Development Experience



Case Study: Taiwan: A Development Success Story (pp. 548-550)

XIII. The Role of Trade Policy in Development



Case Study: Industrial and Export Policy: South Korea (pp. 654-658)

XIV. Macroeconomic Stabilization and Third World Debt



Case Study: Mexico: Crisis, Debt Reduction, and the Struggle for

Renewed Growth (pp. 687-691)

Read Appendix 14.1: The World Bank and the International Monetary Fund

XV. Foreign Finance, Investment and Aid: Controversies and Opportunities



Case Study: Botswana: African Success Story at Risk (pp. 731-734)

XVI. Finance and Fiscal Policy for Development


Case Study: Chile and Poland: Privatization: What, When and to Whom?

XVI. Some Critical Issues for the Twenty-First Century


Grading:

Grades will be assigned as follows:

Exam I20%

Exam II25%

Final Exam30%

Research Project10%

Group Reports 8%

Individual Reports 7%

The class will be divided into teams of 5 or 6 students who will work together to analyze the economic development of a given country (or group of countries). Each class period will begin with lecture, which will be followed by a group report on how the subject matter under discussion relates to the country that they are studying. Peer evaluation will to a large extent determine the grade received on the team reports. Students are encouraged to be creative in the use of Internet resources, and to strive to make their reports as interesting and informative as possible. In addition to the oral report, a one-page written summary should be turned in after each presentation.

Each student will also be required to make three individual oral reports on articles concerning some aspect of economic development. Many such articles are available online through Baylor's subscription to the Social Sciences Research Network (www.SSRN.com), through other electronic resources accessible through the Moody Library web page, and in such print publications as World Development. In addition to the oral presentation, a one-page written summary should also be submitted.The research project involves in-depth study of some aspect of economic development of the chosen country. In a 2-3 page Executive Summary, a concise statement should set forth the nature of the problem or issue being studied, and then should present policy recommendations for addressing it. Charts, graphs or tables may be submitted as supporting documentation. A complete list of references to sources consulted should be attached. The deadline for submitting the results of the research project is Friday, December 2. Exam Dates and Policy

The date for Exam I is Wednesday, September 28, and for Exam II is Monday, November 14. The Final Exam is scheduled for Monday, December 12 at 4:30 PM. No make-up exams will be given. If an exam must be missed and is excused according to university policy, the grade for that exam will be based upon the average of the other exams taken, including the final exam.

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