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The Role of the Government in Modern Economies

Prof. Ha-Joon Chang
Date: 07 à 15 de janeiro de 2002


Aim of the course:


The course aims to provide a comprehensive theoretical and empirical overview of the role of the government in modern economies, with strong emphasis on developing country experience.

Organisation of the course:

The foundational lectures by Ha-Joon Chang for the course will consist of 3 hour sessions for 10 days. Each of these 3 hour sessions will consist of 2 hour lecture (with a short break in the middle), and 1 hour session for question, answers, and discussion. The other 15 hours will be taught in small groups (5-6 people per group) by one or more of the Assistant Professors (Internet). Those who wish to acquire the full certificate will be required to write 2 essays of 2,000 words on pre-assigned topic, accompanied by a reading list. These essays will be assessed by the Assistant Professors and given feedback. Ha-Joon Chang will be available for contact through e-mail for questions for:
Content of the Course (total 10 x 3-hour sessions)

1/4a Sessões: Theories of the State (4 x 3-hour sessions).

Different approaches to state intervention. Classical Liberalism, Marxism, Weberian view, Welfare Economics, Keynesianism, Development Economics, Neo-Liberalism, Institutionalism.

5/7ª Sessões: The East Asian Experience (3 x 3-hour sessions).

Reflection on the East Asian experience (the miracle and the recent crisis and the theoretical debate surrounding it, comparison with Brazil and other Latin American cases).

8ª Sessão: Industrial and Trade Policy (2 x 3-hour session).

The debates surrounding the role of industrial and trade policy in development. Comparative Advantage theory, Infant Industry Argument, Modern Industrial Policy, Technology Policy, Export-led Growth, Import Substitution.

9a Sessão: Privatisation and Deregulation (1 x 3 -hour session).

The debates surrounding the two central planks of "Bretton Woods" policy programme. Theories of Ownership, Theories of Regulation, Experiences of Privatisation and Deregulation in various countries (developed and developing).

10ª Sessão: Globalisation and the National Government (1 x 4-hour session).

Has globalisation rendered national economic policy meaningless? Trends in the Global Economy, Scope for National Policy, WTO and Other International Agreements, Policies vis-a-vis Foreign Direct Investment.


 


Bibliography
Bates, Robert (ed.). Toward a Political Economy of Development.
Chang, Ha-Joon. The Political Economy of Industrial Policy.
Dean, Phyllis. The State and the Economic System.
Evans, Peter. Embedded Autonomy.
Hayek, Friedrich. The Fatal Conceit.
Hirst, Paul, and Grahame Thompson. Globalization in Question.
Schotter, Andrew. Free Market Economics.
Stretton, Hugh and Lionel Orchard. Public Goods, Public Enterprise, Public Choice.

 
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