• Oxford Analytica, International: China is Key to Emerging Power Fortunes, September 20, 2013

• Ruchir Sharma, Broken BRICs: Why the Rest Stopped Rising, Foreign Affairs, November/December 2012

Most Important Readings

• B. Higgins, Chapter 3, The Classical Theory of Growth

• B. Higgins, Chapter 4, The Marxian Theory of Growth

• B. Higgins, Chapter 5, The Schumpeterian Theory of Economic Growth

• B. Higgins, Chapter 7, Hansen and the Stagnation Thesis

Recent Applications of Main Concepts

• Carlise Runge, Against the Grain, Foreign Affairs, January/February 2010

• Blake Clayton, Bad News for Pessimists Everywhere: Malthus Was Wrong, Council on Foreign Relations, March 22, 2013

• Lawrence Summers, Why Stagnation Might Prove to be the New Normal, Financial Times, December 15, 2013

• John Taylor, The Economic Hokum of "Secular Stagnation" WSJ, January 1, 2014

• Edward Lazear, The Young, the Restless and Economic Growth, Wall Street Journal, December 22, 2013

  Countries with a younger population have far higher rates of entrepreneurship

• Carl Schramm, Expeditinary Economics, Foreign Affairs

• Recent Marxist Themes. Robert Looney, Review of Naomi Klein, The Shock Doctrine: the Rise of Disaster Capitalism, Reviewed for Gulf Research Center, October 2007

• Oxford Analyticia, International: Demographic Dividend is Not Guaranteed, November 30, 2010

Most Important Readings -- Indexes to Brouse Through (several take a while to load)

• UNDP, Human Development Report, 2013

• Heritage Foundation, Index of Economic Freedom, 2014

• Legatum Institute, Prosperity Index, 2013

• World Economic Forum Competitiveness Index, 2013-13

• Milken Global Opportunity Index, 2013

• World Economic Forum Human Capital Report, 2013

Other Readings

• World Bank, Frontiers of Development Policy, Part I: Development Challenges in a Postcrisis World

• The Wealth of Nations, The Economist, June 5, 2012

  An alternative approach to measuring national well-being -- very good chart GDP section

• Oxford Analytica, International: Human Development Needs a Rethink, September 25, 2012

  development

• Oxford Analytica, International: Changes Ahead in Global Development, January 3, 2013

  What comes after Millineum Development Goals?

  measuring development

• Martin Ravallion, a Relative Question, Finance and Development, December 2012

  The developing world is reevaluating what it means to be poor

• Morten Jerven, Counting the Bottom Billion, Measuring the Wealth and Progress of African Economies, World Economics, October-December 2011

• Oxford Analytica, International: Poverty Aspects Challenge Policymakers, December 21, 2011

• Council on Foreign Relations, Missing Pieces: The Year in Indexes, December 23, 2011

• Oxford Analytica, Middle Income Trap is Overdone, November 21, 2011

Other Readings

• E. Wayne Nafziger, Chapter 2, Measurement of Economic Development

• E. Wayne Nafziger, Chapter 2, Last Part, Basic Human Needs and other Approaches to Measuring Development

• E. Wayne Nafziger, Chapter 4, Characteristics and Institutions of Developing Countries

• Failed State Index 2008 (look over).

• UNDP, Human Development Report 2011(look over)

• Freedom of the World, 2011 (look over)

• EIU, Democracy Index 2011 (look over)

• Heritage House, Economic Freedom Ranking, 2012 (look over)

• World Economic Forum, Global Competitiveness Report 2011-2012 (look over)

• World Bank, Doing Business, Index, 2012 (look over)

• Transparency International, Corruption Perceptions Index 2011 (look over)

• Milken Capital Access Index 2008 (look over)

• World Bank Governance Indicators, 2009 (look over)

Most Important Readings

Chapter 3 is Perkins is mathematical and a bit imposing for new students of economics, but bring your book to class and we can go over some of the more important sections. There are good summaries of the main findings of growth theory and the papers that follow cover the essential points that you need to be exposed to:

• Edmund Phelps, Tangible Investment as an Instrument of Growth(optional) -- very good summary of the neo-classical model

• David Gold and Roy Ruffin, What Determines the Rate of Growth? (Federal Reserve Bank of Dallas, Economic Review, 1993) -- best overview of the new theories

• David Coates, "Why Growth Rates Differ," New Political Economy (March 1999)-- Good summary of the More important Growth Theories -- will summarize in class -- summary table on page 93 probably enough

• The Productivity Paradox: Is Technology Failing or Fueling Growth, Econ South, Third Quarter 2013

• Henry Bruton, Productivity Growth in Latin America (American Economic Review (December 1967)-- mathematical will summarize. Classic study using the neo-classical model

Most Important Readings

• E. Wayne Nafziger, Chapter 5, Theories of Economic Development

• B. Higgins, Chapter 14, Interaction of Modern and Traditional Sectors

• B. Higgins, Chapter 15, Balanced/Unbalanced Growth

• Jeffrey Sachs, Stages of Economic Development, June 2004

• William Easterly, The Ideology of Development, Foreign Policy, July/August 2007

• Dani Rodrik, Diagnosis Before Prescription, Journal of Economic Perspectives, Summer 2010
  Ricardo Hausman, Getting the Diagnosis Right, Finance and Development, March 2006

• Hernando de Soto, The Mystery of Capital, Finance & Development March 2001

• Ruchir Sharma, The Emerging Market Comedown, WSJ, January 21 2014

  Argues most developing economies grow rapidly only commodity prices are rising

• Michael Mazarr, The Rise and Fall of the Failed-State Paradigm, Foreign Affairs January/February 2014

• Marc Bellemare, Devlopment Bloat: How Mission Creep Helps the Poor, Foreign Affairs, January 5, 2014

Other Readings

• Oxford Analytica, International: Development Strategies Face Rethink, February 26, 2008

• Oxford Analytica, International: Education is Key for Development, January 9, 2009

• Oxford Analytica, Chile: Last Mile to Development the Hardest, March 11, 2009

• Oxford Analytica, International: History, Geography Affect Development, October 1, 2009

• Oxford Analytica, Central Asia: Shadow Economies Hold Back Development, June 23, 2011

• Oxford Analytica, International Development Economics Loses Coherence, April 19, 2012

• The Ingredients of Sustained Growth, Finance and Development December 2008

• Michael Spence, The Catch-up Game, Finance and Development, December 2008

• Mohammed El-Erian and Michael Spence, Growth Strategies and Dynamics: Insights from Country Studies, World Economics, January-March 2008

• Michael Spence, The Growth Report: Principal Findings and Recommendations, May 2008

• Roberto Zagha, Rethinking Growth -- What Do We Really Know? Finance & Development, March 2006

Empirical

• Robert Looney, Entrepreneurship and the Process of Development: A Framework for Applied Expeditionary Economics in Pakistan, The Kauffman Foundation, February 2012

• Randall Jones, A Model for Predicting Expropriation in Latin America Applied to Jamaica, Colombia Journal Of World Business, Spring 1989

• Irma Adelman and C. Morris, Performance Criteria for Evaluating Development Potential (Quarterly Journal of Economics) dated but one of the best empirical studies of development. Important because it summarized most of the factors researchers suggest are responsible for economic advancement

• Henry Bruton, Productivity Growth in Latin America (American Economic Review (December 1967)-- mathematical will summarize. Classic study using the neo-classical model

Most Important Readings

• Oxford Analytica, Latin America: Falling Behind East Asia, June 22, 2012

• Global Insight, Latin America: Risks and Opportunities During 2014, January 2, 2014

• Eduardo Gomez, Smart Development: How Colombia, Mexico and Singapore Beat the BRICs, Foreign Affairs February 5, 2014

• John Paul Rathbone, What's Left on the Latin Left? Financial Times, Marc 8, 2013

• IMF, Is Growth Momentum in Latin America Sustainable? May 2013 -- mathematical, but I can summarize the main findings

• IMF, A Bumpy Road Ahead, Finance & Development, September 2013

• Oxford Analytica, Latin America: New Bloc Aims for Open Regionalism, May 23, 2013

• EIU, Latin America as an FDI Hotspot: Opportunities and Risks, 2013 -- Brazil, Mexico, Colombia and Peru

• Enrique Krauze, Latin America Leans Forward, New York Times, December 29, 2013

• Anthony Elson, The Economic Growth of East Asia and Latin America in Comparative Perspective: Lessons for Development Policy, World Economics, April-June 2006

• Kai Prozeske Legatum Brazil Essay -- February 11

• Nicolas Aquino -- Paraguay -- Brazil Underground economy -- February 11
  Melissa Birch, Paraguay and Mercosur: The Lesser of Two Evils, University of Kansas, March 2013
  Gustavo Lins Ribeiro, Economic Globalization From Below, Etnografica, 2006
  Kregg Hetherington, Beans Before th Law: Knowledge Practices, Resonsibility, and the Paraguayan Soy Boom, Cultural Anthropoloy, 2013

• Robert Storer -- Mexico -- February 11
  Mexico on the Ropes, Milken Institute Review, Second Quarter 2011

• Scott Anderson -- Colombia Chapter in Hanbook of Emerging Economies (Sakai), Colombia Essay Legatum Country Studies -- February 13

• Darrick Berens -- Argentina Chapter in Handbook of Emerging Economies, Argentina, Essay Legatum Country Studies -- February 13

• Jonna Jackoby -- Panama -- February 13 (or 18)
  1. Eric Sabo, Panama's $5Billion Canal Upgrade Jolts U.S. Ports from California to New Jersey, Bloomberg, January 30, 2014

  2. IMF, Panama Growth to Remain Bouoyant, March 28, 2013

  3. Oxford Analytica, Panama: Economy to Maintain Fast Pace, October 15, 2013

  4. Joanna Jackoby Panama Brief

Most Important Readings

• World Bank, MENA Quarterly Economic Brief, Growth Slowdown Heightens the Need for Reforms, January 2014

• Mohsin Khan, The Economic Consequences of the Arab Spring, Atlantic Council, February 2014

• EIU, MENA Cities, 2014

• IMF, Defining Moment (Arab Countries), Finance and Development March 2012

• Adeel Malik and Bassem Awadallah, The Economics of Arab Spring, World Development, 2013

• IMF, What are Structural Policies? Finance & Development, March 2013