lecture_2_f09w10 - Economics 324 Economic Development...

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Lecture 2 Slide 1 of 61 Economics 324 Economic Development Professor Gustavo J. Bobonis Department of Economics University of Toronto
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Lecture 2 Slide 2 of 61 Economics 324 Economic Development Lecture 2 – September 21 st , 2009
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Lecture 2 Slide 3 of 61 Lecture 2 : Introduction to Economics 324 ± Lecturer: Prof. Gustavo J. Bobonis Email: gustavo.bobonis@utoronto.ca Office hours: 150 Saint George Street, Room 304 Tuesdays 3:00p – 4:00p (by appointment; for undergraduate and graduate students) Tuesdays 4:00p – 5:00p (drop-in [no appointment required] for Economics 324 students) Link to schedule Office Hours appointment: http://my.timedriver.com/V3CW6 (or click on my personal webpage – teaching page: http://www.chass.utoronto.ca/~bobonis/teaching.htm )
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Lecture 2 Slide 4 of 61 Lecture 2 : Introduction to Economics 324 ± Lecturer: Prof. Gustavo J. Bobonis Email: gustavo.bobonis@utoronto.ca Office hours: 150 Saint George Street, Room 304 Tuesdays 3:00p – 4:00p (by appointment) 4:00p – 5:00p (drop-in) ± TA: Mr. Eik Leong Swee Email: eik.swee@utoronto.ca Office hours: Thursdays 10:00a – 12:00p (drop-in) ± Enrollment issues: Ms. Robbie Innes, Undergraduate Administrator, ( rinnes@chass.utoronto.ca ), 150 Saint George Street, 1 st floor
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Lecture 2 Slide 5 of 61 ± Course materials I: Required textbook Ray, Debraj. Development Economics . Princeton, NH: Princeton University Press. 1998. Available at: ± Short-Term Loan Service (Robarts Library 4th Floor; one copy). ± Used copies online (e.g., www.chapters.indigo.ca, www.amazon.ca) at substantial discounts.
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Lecture 2 Slide 6 of 61 What is Economic Development? What is underdevelopment ? Is it chronic poverty? Health limitations? Lack of education and ability to cope with change? Coercion? Lack of personal and/or political freedom? Vulnerability?
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Lecture 2 Slide 7 of 61 Development as Freedom Development has to be concerned with enhancing the lives we lead and the freedoms we enjoy (capabilities to function). Core Values: 1. Sustenance : the ability to meet basic needs (e.g., food, shelter, health, protection) 2. Self-esteem : self-respect, dignity. 3. Freedom from servitude : freedom of choice, association (e.g., freedom from servitude, coercion, violence; freedom of speech, beliefs).
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Lecture 2 Slide 8 of 61 Development as Freedom ± If we should evaluate individual advantage in terms of the capabilities – the substantive freedoms – that a person has, then… …poverty must be seen as the deprivation of basic capabilities (rather than merely as lowness of incomes, which is the standard criterion of identification of poverty)
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Lecture 2 Slide 9 of 61 Development as Freedom ± If we should evaluate individual advantage in terms of the capabilities – the substantive freedoms – that a person has, then… …poverty must be seen as the deprivation of basic capabilities (rather than merely as lowness of incomes, which is the standard criterion of identification of poverty) ± How can we operationalize this concept? Can we measure achievement of freedom(s)?
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Lecture 2 Slide 10 of 61 An Example GNI per capita (USD- PPP), 2006 % income, 20 percent poorest (early ’00’s) % income,
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lecture_2_f09w10 - Economics 324 Economic Development...

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