Economics_473__Syllabus - To enrich our understanding of...

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Economics 473 (Fall 2008) – Syllabus This course studies the principal mechanism for successful economic development after World War II: the transmission of production information through trade, and trade- oriented investment. The theory is distilled from East Asian experience, where successful catching-up has been witnessed, in economy after economy, as long as some basic conditions are met. The textbook for the course, Wan (2004), discusses the general theme in Part 1, and surveys the historical variations as observed, in four economies: Korea, Taiwan, Hong Kong and Singapore, in Part II. These economies are modest in size, and their development episodes after World War II are relatively independent from past history. Thus, pedagogically, they are convenient to observe and analyze.
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Unformatted text preview: To enrich our understanding of what goes on, the selected papers in Wan (2006) form a useful companion volume. Additional related papers will also be introduced to deepen our analysis on various issues. One major question to be settled is: how replicable is this development mechanism? More recent evidence supporting the basic discussion from two quarters: a) The experience of Mainland China since 1979, and Vietnam, since 1986, and b) The observations from Eastern Europe, since the late 1990s. The remaining part of this course, is to introduce in brevity alternative interpretations in the literature about the same growth episodes. Effort will be made to compare these views and the chief propositions in this course....
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