Political Economy of Development

Catalog description

The last few decades have seen remarkable progress in lifting millions of people out of poverty worldwide. Yet, millions still are unable to meet even their most basic sustenance needs. This course examines foundational reasons for why some countries remain poor and why inequality persists today. In addition to answering the why question, we will also examine how practitioners, policy-makers, and academics have tackled global development challenges, where they have met success, and where failure has provided key lessons for the future. The course will examine how social, political, and economic institutions affect prospects for development, including by covering issues of colonialism and contemporary foreign aid. Students will learn about and explore patterns of development across the world, critically evaluate foundational theories of development, and understand the practical challenges and possible solutions to reducing poverty, creating equality, and ensuring good governance. Course assignments will aim to have students practice linking data and evidence with policy innovation, using global datasets to perform statistical analyses. Students will leave this class with an understanding of how development works (and does not work) in practice.