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Understanding Economic Development: Global Perspectives and Strategies

This course, led by instructor Bernard Malamud at UNLV, examines why economic disparity exists globally. Students will explore various regions, their historical contexts, and future trajectories of development. Key topics include the Solow growth model, education, health, and infrastructure impacts on growth. The course also evaluates contrasting development strategies, such as import substitution versus export-led growth, and the significance of geography, institutions, and government policies. Through insights like the dynamics of India’s growth amid challenges, students will engage with real-world implications of economic theories.

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Understanding Economic Development: Global Perspectives and Strategies

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  1. ECON 359Economic Development • Instructor: Bernard Malamud • Office: BEH 502 • Phone (702) 895 –3294 • Fax: 895 – 1354 • Email: bernard.malamud@unlv.edu • Website: www.unlv.edu/faculty/bmalamud • Office hours: MW 3 – 4 pm; TTh 4 - 5:30 pm and by appointment

  2. Course objectives Why isn’t every country as rich as us? • Know the world • Its regions • Their past development • Their future prospects • Familiarity with Solow growth model • Augment for education, health, • … legal and financial infrastructure • Evaluate alternative development strategies • Import substitution industrialization vs. export led growth • Industrial policy vs. market fundamentalism • Understand roles of • Geography and resources • Institutions/rule-of-law • Government policies

  3. Your responsibilities • Exams/take-home essays • The daily vignette Example: India’s Weak State Will Never Overhaul China (Financial Times, 8/18/10) • Characterizing India Today • Extensive controls • Large public sector • Limited trade /FDI unfriendly • Weak central state • Hindu – Muslim conflict • Endemic corruption • So why is India growing @ 8+ % ? • Entrepreneurial drive – hustle • Elite education – IT sector … but only a few are involved • Rising demand • Competition between states • “But Indian state will seldom be ahead of the curve in galvanizing change • … this bottleneck will make Chinese growth elusive.”

  4. Tour of the World HDR:http://www.gapminder.org/downloads/human-development-trends-2005/ Disaster Websites Pakistan flooding http://www.reliefweb.int/rw/fullmaps_sa.nsf/luFullMap/04683811C4BA31A485257773006F3A57/$File/map.pdf?OpenElement Kashmire earthquake http://en.wikipedia.org/wiki/2005_Kashmir_earthquake#Casualties Haiti earthquake http://en.wikipedia.org/wiki/2010_Haiti_earthquake Katrina http://en.wikipedia.org/wiki/Hurricane_Katrina Mexico Drug War http://topics.nytimes.com/top/news/international/countriesandterritories/mexico/drug_trafficking/index.html?scp=1&sq=mexico%20mayor%20murder&st=cse Las Vegas Sex Slavery http://unlvrebelyell.com/2010/08/23/child-sex-slavery-rages-in-las-vegas/ http://www.youtube.com/watch?v=vGNPcxADzkg

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