GISDepartment of Global and Interdisciplinary Studies

The course centers on Asia, the most dynamic region in the world, to derive core policy lessons for economic development in the global context. Asia has achieved a remarkable growth during the past five decades, and its success has been referred to as a “miracle”. However, not all Asian economies have attained the same degree of success. The objective of this course is to learn how a group of Asian countries made it from low income into high income in a single generation. A key feature of the successful Asian economies has been their focus on structural transformation, that is, their capacity to shift resources from sectors of low productivity into sectors of high productivity, and upgrade the production and export baskets. After reviewing conventional development/growth theories, this course assesses Asia’s development from the lens of changing production and employment structures, and discusses implications for long-term growth and poverty reduction. The course pays due attention to the heterogeneity of Asian economies in their level of development and clarifies major causes of the divergence. This course is unique in its persistent focus on structural transformation and its applications of several new analytical tools originated from the network theory in physics.

Students who have taken this course should be able to:
(1)understand the main growth mechanism: structural transformation, in the development process;
(2)understand differences in development through the lens of structural transformation;
(3)understand what the government can do to facilitate the process of structural transformation.

Will be able to gain “DP 1”, “DP 2”, “DP 3”, and “DP 4”.

英語 / English

The intent of this course is to expose students to a range of ideas and issues in economic development. Students will be provided an opportunity to learn, think and discuss broadly and deeply about development issues across various development systems through lectures, discussions, group work, presentations and homework.

Comments will be provided to assignments. Good works will be presented in class.

あり / Yes

なし / No

授業形態/methods of teaching：対面/face to face

※各回の授業形態は予定です。教員の指示に従ってください。

1[オンライン/online]：Course Guidance and Introduction

Course Guidance and Introduction

2[対面/face to face]：The Asian miracle

Why was it labeled a miracle?

3[対面/face to face]：Development theories 1

Harrod-Domar, Two-Gaps, and Revised Minimum Standard Model (RMSM)

4[対面/face to face]：Development theories 2

Solow’s surprise and beyond (Institutions)

5[対面/face to face]：An introduction to structural transformation and productivity

What is the structural transformation? and Why we focus on productivity?

6[対面/face to face]：Decomposition of productivity growth

Sectoral productivity growth and structural transformation, and case studies (China and India)

7[対面/face to face]：The Product Space

Visualizing the process of diversification and upgrading

8[対面/face to face]：Case studies

China, Thailand, Malaysia, Indonesia, Philippines, Pakistan, Nigeria etc.

9[対面/face to face]：Case studies

Students' presentations

10[対面/face to face]：Leapfrogging manufacturing?

Modern services, and a case study of the Philippines' business process outsourcing (BPO)

11[対面/face to face]：The paradox of plenty

Dutch disease and the resource curse

12[対面/face to face]：Case studies

Indonesia, Mongolia, Kazakhstan, Mexico, and Nigeria

13[対面/face to face]：Recap

What did we learn in the course?

14[対面/face to face]：Final exam & wrap-up

Final exam & wrap up

Assigned readings and preparation of group work, exercises and presentations and homework. Preparatory study and review time for this class are 2 hours each.

No textbook will be required. Necessary materials will be provided before or during the class. Students are highly recommended to review readings from the reference listed below.

Mankiw, N.G., D. Romer, and D.N. Weil (1992), “A Contribution to the Empirics of Economic Growth”, The Quarterly Journal of Economics, 107(2):407-437. (for Class 4).

Caselli, F. (2004), “Accounting for cross country income differences”, NBER Working Paper 10828. (for Class 4).

Dollar, D., and W. Easterly (1999), “The Search for the Key: Aid, Investment and Policies in Africa”, Journal of African Economies, 8 (4): 546-577. (for Class 4).

Acemoglu, D., S. Johnson, and J.A. Robinson (2001), “The Colonial Origins of Comparative Development: An Empirical Investigation”, American Economic Review, 91 (5): 1369-1401. (for Class 3&4)

N. Usui (2012), “Taking the Right Road to Inclusive Growth: Industrial Upgrading and Diversification in the Philippines”, Asian Development Bank. (for Classes 5-8, and 10).

Felipe, J., Kumar, U., N. Usui, and A. Abdon (2013) "Why has China succeeded? And Why it will continue to do so", Cambridge Journal of Economics, 37 (4): 791-818, (for Class 8).

N. Usui (1998), “Dutch Disease and Policy Adjustments to the Oil Boom: A Comparative Study of Indonesia and Mexico”, Resources Policy, 23 (4): 151-162, (for Classes 12).

The following criteria will be used to evaluate students:
（１）class contribution (ex. questions, discussion, group work and presentation) 30%
（２）reaction papers and homework 30%
（３）final exam 40% (Writing Assignment)

Student requests and comments will be taken into consideration.

N/A

(1) week 1 attendance is mandatory to register for this class.

(2) students are allowed a maximum of 2 unexplained absences. More than 2 unexcused absences will result in failure of this course.

(3) it would be desirable to take the Introduction to Development Studies before joining this course.

(4) students should have enough English capacity to join in-class discussions.

Students who took Introduction to Development Studies.