Globalisation & (Under)Development - Theory & Politics

Code:

LEC517

Acronym:

GSD

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2005/2006 - 2S

Active?	Yes
Responsible unit:	Grupo de Economia
Course/CS Responsible:	ECONOMICS

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
ECO	33	Official Curricular Structure since 2004	4	2		-

Objectives

1. To take advantage of the knowledge accumulated at Porto Faculty of Economics concerning the previous course on Growth and Development economics
2. To reinforce the audience of the course within students interested in NGO work and practice, mainly in countries speaking the Portuguese language
3. To integrate micro and macroeconomic analysis in approaching the low income countries and reinforcing the field of international economics in the graduation in Economics
4. To give theoretical arguments in order to achieve a global understanding of globalisation issues, discussing critically the main controversal issues

Program

1. Introduction to the theme and the debate about globalisation;
2. Empirical evidence on underdevelopment and structural change of the low income countries structural change
3. Underdevelopment and industrialisation
4. Financing the erradication of underdevelopment and governance
5. Final synthesis - to go beyond the Washington consensus - how to succeed that the new development paradigms could be feasible and to build a consequent new international economic order

Main Bibliography

Chapter 1
FISHER, Stanley (2003), “Globalization and Its Challenges”, Richard T. Ely Lecture, American Economic Review Papers and Proceedings, Maio
STIGLITZ, Joseph (2002), Globalization and its Discontents, New York: W.W. Norton & Company; tradução portuguesa: Joseph STIGLITZ (2002), Globalização – a Grande Desilusão, Lisboa: TERRAMAR
THE ECONOMIST (2001), SURVEY: Globalisation and its critics, 27 de Setembro
Chapter2
AUTY, Richard (2001), “The political economy of resource-driven growth”, European Economic Review, volume 45, pp. 839-846
THIRLWALL, A.P. (1999), Growth and Development, Londres: Mac Millan; cap. V: pp.127-157
MEIER, Gerald e RAUCH, James (2000), Leading Issues in Economic Development, New York: Oxford University Press; pp. 97-110
STIGLITZ, Joseph E. (1986), “The New Development Economics”, World Development, volume 14, nº 2, pp.257-65
Chapter 3
PACK, Howard (2000), “Industrialization Options for the Poorest Countries”, Human Development Report 2001 Background Paper, The Wharton School – University of Pennsylvania
Chapter 4
THIRLWALL, A.P. (1999), Growth and Development, Londres: Mac Millan; chapter 15: pp.367-380
TODARO, Michael e SMITH, Stephen (2003), Economic Development, chapter. 14, Londres: Addison Wesley
Chapter 5
STIGLITZ, Joseph (1998), “Towards a New Paradigm for Development: Strategies, Policies and Processes”, UNCTAD, Prebisch Lecture, Genève

Complementary Bibliography

Chapter1
AISBETT, Emma (2004), “Why are the Critics so Convinced that Globalization is Bad for the Poor?, in Ann Harrison (editor), Globalization and Poverty, National Bureau of Economic Research
BHAGWATI, Jagdish (2004), In Defense of Globalization, New York: Oxford University Press
BONAGLIA, Federico e GOLDSTEIN, Andrea (2003-2006), Globalização e Desenvolvimento, Lisboa: Editorial Presença
COMISSÃO MUNDIAL SOBRE A DIMENSÃO SOCIAL DA GLOBALIZAÇÃO (2005), Por uma Globalização Justa – criar oportunidades para todos, Lisboa: Celta Editora
DOLLAR, David e KRAAY, Aart (2000), “Growth is Good for the Poor”, World Bank Working Paper, Washington: World Bank
DOLLAR, David e KRAAY, Aart (2001), “Trade, growth and poverty”, World Bank Working Paper, Washington: World Bank
FIELDS, Gary (2001), Distribution and Development – a new look at the developing world, Russel Sage Foundation, New York : MIT press
KAPLOW, Louis (2002), “Why Measure Inequality?”, NBER Working Paper, nº 9342, Cambridge: NBER
LINDERT, Peter e WILLIAMSON, Jeffrey G. (2001), “Globalization and Inequality: a long history”, World Bank Annual Conference on Development Economics, Barcelona: World Bank
MILANOVIC, Branko (2002), “Can we Discern the Effect of Globalization on Income Distribution? – evidence from household budget surveys”, World Bank Policy Research Paper nº 2876, Washington
NARULA, Rajneesh (2003), Globalization and Technology, Cambridge, UK: Polity Press
SACHS, Jeffrey (2005), The End of Poverty – how can we make it happen in our lifetime, Prefácio de BONO, Londres: Penguin Books
SALA-i-MARTIN, Xavier (2002), The Disturbing Rise of Global Income Inequality”, NBER Working Paper nº 8904, Cambridge-Massachussets: NBER
SALA-i-MARTIN, Xavier (2004), “Why are the Critics so Convinced that Globalization is Bad for the Poor?,: a Comment, in Ann Harrison (editor), Globalization and Poverty, National Bureau of Economic Research
STIGLITZ, Joseph (2002), “Development Policies in a World of Globalization”, Paper presented at the seminar “New International Trends for Economic Development” on the occasion of the fiftieth anniversary of the Brazilian Economic and Social Development Bank (BNDES), Rio Janeiro, http://www-1.gsb.columbia.edu/faculty/jstiglitz/index.cfm
STIGLITZ, Joseph (2003), “Ethics, Market and Government Failure and Globalization”, http://www-1.gsb.columbia.edu/faculty/jstiglitz/index.cfm
STIGLITZ, Joseph (2003), The Roaring Nineties: a New History of the World’s Most Prosperous Decade, New York: W.W. Norton & Company; tradução portuguesa: Joseph STIGLITZ, Os Loucos Anos 90 – a década mais próspera do mundo, Lisboa: TERRAMAR
STIGLITZ, Joseph e CHARLTON, Andrew (2005), Fair Trade for All – how trade can promote development, New York: Oxford University Press
WOLF, Martin (2004), Why Globalization Works, New Haven e Londres: Yale University Press
WORLD DEVELOPMENT REPORT (2006), Equity and Development, cap.1 e 2, Washington: The World Bank
Chapter2
BARDHAN, Pranab e UDRY, Christopher (2000), Readings in Development Economics, volumes I e II, Cambridge-Massachussets: MIT Press
EASTERLY, William (2001), The Elusive Quest for Growth – Economist’s Adventures and Misadventures in the Tropics, Cambridge-Massachussets: The MIT press
EASTERLY, William e LEVINE, Ross (2002), “Tropics, Germs and Crops: How Endowments Influence Economic Development”, NBER Working Paper nº 9106, Cambridge-Massachussets: NBER
FEI, John C.H. e RANIS, Gustav (1997), Growth and Development from an Evolutionary Perspective, Oxford: Blackwell Publishers
MEIER, Gerald e RAUCH, James (2000), Leading Issues in Economic Development, New York: Oxford University Press
MEIER, Gerald e STIGLITZ, Joseph (2001), Frontiers of Development Economics – the future in perspective, Oxford: World Bank e

Teaching methods and learning activities

Mix of theoretical expositions with critical discussion of main papers

Software

The discipline works preferentially with the data base of the World Bank - World Development Indicators 2006

Evaluation Type

Eligibility for exams

Alternative A
Final mark >=9,5 and each test >=5,5
Alternative B
Final mark >=9,5 and the marks of the report and of the global test >=5,5
Alternative C
Mark of the exam >=9,5

Calculation formula of final grade

Alternative A
0,5 * test 1 + 0,5 * test 2
Alternative B
0,75 * Mark of the report + 0,25 * mark of the global test
Alternative C
Mark of the exam