ECON 359 Economic Development Instructor: Bernard Malamud –Office: BEH 502 Phone (702) 895 –3294 Fax: 895 – 1354 » Website:

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Presentation transcript:

ECON 359 Economic Development Instructor: Bernard Malamud –Office: BEH 502 Phone (702) 895 –3294 Fax: 895 – 1354 » Website: Office hours: MW 3 – 4 pm; TTh 4 - 5:30 pm and by appointment

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

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 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.”

Tour of the World HDR: Disaster Websites Pakistan flooding Kashmire earthquake Haiti earthquake Katrina Mexico Drug War 0murder&st=cse 0murder&st=cse Las Vegas Sex Slavery