Instructors
Course Description
Grading
Syllabus
Resources
Speaking, Arguing and Writing
Memos
“The central issue of contention is not globalization itself, nor is it the use of the market as an institution, but the inequity of the overall balance of institutional arrangements - which produces very uneqal sharing of the benefits of globalizaiton… " Amartya Sen (2002)* The current process of globalization implies a growing transcendence of borders, with social relations becoming less linked to national and territorial frameworks. Globalization offers new possibilities and threats for the advancement of developing countries. In this seminar, we will investigate the contingent factors and forces that determine whether or not developing countries reap the benefits of globalization. Economic development is about raising the income level in a country to improve the well-being of a country's population. It is fundamentally about structural change, about increasing the production and technological possibilities of a country, and reducing poverty and inequality. Economic development is the result of the interaction of economic and political country-specific conditions, government policies, and the dynamics of capitalism at the global level. We will analyze how national conditions, policies, and the forces of globalization interact to foster or thwart economic development, and which changes are needed to increase the benefits of globalization for developing countries. We will analyze why different economists and policy makers come to different conclusions regarding the link between globalization and economic development. We will focus on the theoretical assumptions made by the different authors and analyze the evidence they muster in support of their hypotheses and policy recommendations.
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| *"How to judge globalism,"American Prospect Jan. 1, 2002. |