Wolfram W. Latsch
Growth, income distribution, and economic development in less-developed countries today. Policies concerning trade, industrialization, the agricultural sector, human resources, and financing of development. Prerequisite: either ECON 201, GEOG 123 or SIS 123, any of which may be taken concurrently.
In this course we will take a close look at the question “why some are so rich and most are so poor”. Development has something to do with prosperity and something to do with well-being, and the two appear to be correlated. Very few countries have managed to become truly prosperous on both counts – and that is the biggest puzzle and challenge to anyone trying to make sense of the global economy and international relations.
Ideas about development have changed a lot over the past sixty years; SIS 330 will investigate what development means in the context of an understanding of the forces of economic growth, and we will investigate how different ideas about development and growth might guide policy. We will look at various promising paths and various dead ends in the quest for growth and the quest for improvements in incomes and standards of living. Understanding the roles of governments and markets in different parts of the world is an important part of understanding the gap between rich and poor. To what extent can the different institutions in different countries help us understand their desire and ability to improve the lot of their citizens? We will try to get to grips with the gap between rich and poor countries by talking about the respective role of geography, history and institutions, and by investigating the possibilities and limits of helping poor countries achieve sustained growth in per capita incomes.
Student learning goals
General method of instruction
Twice-weekly lecture classes, two in-class exams, student presentations.
Class assignments and grading