GOVT-459 Dept. Sem: Political Risk - Pol Econ Asia
Spring for 2017-2018
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This course attempts to explain the origins of, the reasons for, and the policy implications of economic change in Asia. Along the way we will explore some political economy theories that may explain patterns of development, and critically examine political economy.
Emphasis will be on the rapid rise of East Asia and recent change in South Asia (focusing on India and Pakistan). We will explore differences between development in East Asia, South Asia and Europe, drawing analytic and conceptual lessons from various country, industry, and sector cases. We will read historical analysis and socio-anthropological accounts of the emergence of state and market institutions in Japan, Korea, India, and “Greater China” (The PRC, Taiwan, Hong Kong). Among the questions to be examined in this course will be: (1) Are there cultural, intellectual, institutional factors that favor some countries rather than others? (2) How have social, economic and political institutions shaped economic development outcomes in Asia? (3) What explains variation between the patterns and rates of development in East Asia, India, and Western Europe? (4) What may be the reasons for the relative lateness of industrialization of India, China and Korea compared with Japan? (5) Is there such a thing as an East Asian model of development? How might that model differ from South Asian (or other regional) models? (6) What were the causes and consequences of the 1990s Asian Financial Crisis, and how did countries respond to that crisis? (7) How do globalization, international relations and the global economy affect political economy processes and outcomes in Asia?
Students in this seminar can get credit for the Asian Studies MA or undergraduate certificate, as an elective for PECO (the political economy concentration/certificate) and for INAF and IPOL.
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