Economic Development and Globalization
Economic Development and Globalization: Processes, Strategies and Outcomes
- Professor: Marc Lautier
- Session: June
- Language of instruction: English
- Number of hours of class: 36
Objective of the Course
The main objective of the course is to provide students with updated theoretical and empirical material regarding the development process and emerging economies, as well as an excellent knowledge of the current organization of the world economy and an understanding of the key drivers of structural change. Students will develop their analytical skills through an initiation to research work.
Since the 1970s, the rapid international integration of a number of developing countries - mainly from Asia - has resulted in major changes to the world economy. This integration has been both an engine and an outcome of the globalization process. It has contributed to a new fragmentation of the former “Third World” and has generated numerous challenges for industrialized countries on social, economic, technology and ecology issues.
The course will analyze the process of international integration and how developing countries have caught up. It presents this process' specificities and its key take-aways: trade policy, industrial and technology policy, institutional framework, etc. The course also analyzes the interactions between this emergence process and the global economy, both in the developing world (dissemination of new development strategies; imitation processes; new economic partnerships, new terms of trade, etc…) and among the industrialized economies. The course will also provide a comparative analysis of the main emerging regions in the world, as well as an assessment of their development performances and prospects.
Organization of the Course
The course will be organized as follows :
First, we will present the nature of the development process and the scope of international inequality, their (various) measures and current achievements.
Then we will present and discuss the main policy tools and strategies available to speed up structural change and the catching-up process.
Finally, we will extensively analyze the experiences of a number of late-comers.
Marc Lautier is a Professor of Economics at the University of Rennes 2. His research focuses on development strategies and international trade and investment. He has led field research in many developing and emerging economies in East and South East Asia, North Africa, as well as Subsaharan Africa. He has been involved in a variety of research and expertise projects for international organizations such as the World Bank, the OECD, the European Commission, and the AFD. Latest book: Economie de l’Asie du Sud Est (South East Asian Economy), ed Bréal Paris, 2nd ed, 2019.