LASP-316-01 Economic Development: Latin America
Fall for 2017-2018
This course is aimed at students interested in the political economy of Latin America. The class will examine the politics of economic development of a number of Latin American countries. The required texts are also intended to show how politics and economics have always been intertwined when it comes to the making of public policy. At times, economic and methodological questions will be examined in detail. Therefore some knowledge of economic concepts will be helpful, although it is not a requirement to take this class.
Topics to be discussed include: the Great Depression, import-substitution industrialization (I.S.I.), the 1980s debt crisis, episodes of hyperinflation and stabilization programs, economic liberalization and recent experiences with state reform. Particular emphasis will be placed on the study of some of the theories in political economy that have inspired the adoption of state reform in the region.
This course has benefitted from the Doyle Fellowship initiative, which aims to promote diversity and enhance global awareness in the classroom.
Requirements: Students are expected to attend class regularly and complete all assigned reading materials prior to lectures. The final grade will be calculated as follows:
1) Class participation (10%)
2) Midterm (25%)
3) Take-home exam (25%)
4) Final exam (40%)
Very Important: I reserve the right to conduct unannounced short quizzes in class if I notice that students are not reading the assigned texts as scheduled. In such case, the students’ final grade will also include grades earned in the quizzes. Further information about this requirement will be spelled out in class.
Reading Materials: With the exception of the books below, all texts assigned are electronically available on the course Blackboard site. You may want to purchase these books on-line at a discount. I also will be adding “fresh” news stories to the reading list throughout the semester.
Edwards, Sebastian and Moisés Naím. Anatomy of an Emerging-Market Crash – Mexico 1994. (Washington D.C.: Brookings Institution Press, 1997).
Patrice Franco. The Puzzle of Latin American Economic Development, 3rd ed. (Maryland: Rowman & Little Field Publishers, 2007).
Establishing good habits…
Considering the emphasis that this course places on empirical data, students are encouraged to consult regularly the reports and data bases issued by the following organizations:
? World Development Report (WB)
? Poverty Net (WB)
? World Economic Outlook (IMF)
? Finance and Development (IMF)
? Trade and Social Databases (IADB)
? Foreign Trade Information System (OAS)
? The Economist Intelligence Unit (i.e., Country Commerce, Finance, Profile, and Report)
? Various Statistical Data and Reports on L.A. (ECLAC)
? LANIC – dataset (University of Texas)
? Center for Latin America (Federal Reserve Banks of Dallas and Atlanta).
For daily/weekly news, I recommend the Financial Times and The Economist. Your university online account allows you to access the electronic versions of some of those publications.
Other academic years
There is information about this course number in other academic years: