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MSFS-671 Asian Economic Development
Fall only
The main objective of this course is to provide students with an understanding of the leading economic development issues that emerge from a comparative analysis of the Asian economies. The emphasis is on those issues related to the diverse economic growth and development experiences of the countries of the region. The Asian region offers a virtual smorgasbord of different growth and development experiences. The course compares and contrasts these records with a view to explaining the differences and drawing some general lessons. Some of the key topics covered include: the miracle vs. myth controversy surrounding the economic performance of the East Asian tigers; East Asia’s financial crisis, recovery and quest to reduce vulnerability to external shocks; China’s economic assent and integration within the world economy; the Philippines— Asia’s stray cat or next tiger?; the unfolding South Asian drama and the sustainability of India’s recent economic growth; the transition economies of Asia (TEAs)—China, Vietnam and Mongolia; Japan’s stagnation, recent economic recovery and future challenges; post-conflict reconstruction in Cambodia; economic integration on the Korean peninsula; abject poverty in Asia; regional economic cooperation; and, more generally, the region’s competitiveness and future in the global economy. In addition, the course covers the performance of global capital markets in Asia, and the issues associated with the activities of the world’s multilateral trade, finance, and development institutions (WTO, IMF, World Bank and Asian Development Bank) within the Asian region.
The course will be run on a seminar-style basis and students are encouraged to actively participate in class discussions and debates. Each week students are required to write short, two-page papers, presenting their analysis of the major issues raised in that week’s reading assignment. The grade will be based on the weekly papers (70%), class participation in seminar-style discussions and debates (15 %) and a final (15 %).
The prerequisites for the course are International Finance (Econ. 541/3) and International Trade (Econ. 542/4) or by permission of the instructor.
Credits: 3
Prerequisites: None
Course syllabi
The following syllabi may help you learn more about this course (login required):
Spring '10:
Staab M
(file download)
Additional syllabi may be available in prior academic years.
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Other academic years
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