This course will examine policies that can be pursued to promote global economic development. While a particular focus will be placed on what the
The course will be divided into three main sections. In the first section, we will examine the impact of trade on economic development. We will start by looking at the history of today's global multilateral trading system from the formation of the General Agreement on Tariffs and Trade (GATT) in 1947 to the recently stalled Doha Development Round. We will then look more carefully at the impact of specific bilateral free trade agreements and trade preference programs including the North American Free Trade Agreement (NAFTA), the African Growth and Opportunity Act (AGOA) and the Central American Free Trade Agreement (CAFTA). We will also focus on the politics of trade in
In the second section, students will consider the impact that
Finally, in the third section, we will consider domestic reforms that can be taken by developing countries to increase their own competitiveness and combat poverty. In particular, we will look at the so-called Washington Consensus - a series of reforms agreed to by leading multilateral financial institutions to help developing countries emerge from debt and achieve economic growth. We will examine the impact that reforms such as private property rights, deregulation, privatization and the strengthening of government institutions can have on economic development abroad.
Lecture and discussion
Students will write three 5-7 page papers in which they will choose one topic from each section of the course and provide more detailed analyses of the benefits and shortcomings of these topics (the North American Free Trade Agreement or the Millennium Challenge Account, for example). Students will also write a final 7-10 page policy proposal recommending specific actions that can be taken to promote economic development abroad. The proposals should not be exhaustive but instead should focus in on specific policy areas (HIV / AIDS work in Africa or expanded trade with Southeast Asia, for example).
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No final exam
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