SUUUpoRT course - Economic Development and Resources

Competencies:

Students are enabled to understand the implications of management of firms in the environment of developing economies. Companies involved in a region that is characterised by much lower levels of economic development face particular challenges in the management: consideration of the implications of weak markets and statehood; of national and international development strategies; and such coordinated by multilateral organisations and international NGOs. Students become aware that of particular relevance in developing economies is the role of natural resources that are often abundant and currently their most precious source of national welfare. Students acquire the understanding that natural resources can turn into a curse, if they are not included into a coherent national development policy. Those include most prominently export-oriented policies, state-aid policies and the development of national champions, the role of foreign direct investments, and incentive systems for outward investment.

Content:

Course   I  - The process of economic development and emerging markets
  I.1  Foreign exchange and economic development
  I.2  Characteristics of developed, emerging, and developing countries
  I.3  Theories of Economic Development: Overview
  I.4  Development Policies:  Approaches, Failures, and New Consensus?

Course   II  - The role of natural resources for economic development
  II.1    Natural resources and environment as production factor
  II.2    The concept of the resource curse in general
  II.3    Concepts for a benign role of resources for development (“Successful resource-based development”)
  II.4  Natural resources global markets and national focus

Literature:

Reading for Course I
Clark, D.A. (ed.) The Elgar Companion to Development Studies (Elgar)Todaro, M. P. and S. C. Smith (12th edition) Economic Development (The Pearson Series In Economics) Desai, V. and R.B. Potter (eds) The Companion to Development Studies  (Routledge) Journal articles from e.g. “World Development”; “World Bank Economic Review”; “Journal of Development Economics”; “The Review of International Organizations”
World Bank Development Reports (annual)

Reading for Course II
Brautigam, D. (2009) The Dragon’s Gift - China in Africa: The Real Story (Oxford University Press) Conrad, J. M. and D. Rondeau (eds) (2020) Natural Resource Economics: Analysis, Theory, and Applications (Cambridge University Press) Andersen, A. D. and B. Johnson (2014) Monocausalism versus Systems Approach to Development ' The Possibility of Natural Resource-based Development. Institutions and Economies, Vol. 6, No. 2, pp. 27-54 Gylfason, T. (2001) Natural resources, education, and economic development. European Economic Review, Vol. 45, Issue 4-6, pp. 847-859 Sachs, J. D. and A. M. Warner (1997) Natural Resource Abundance and Economic Growth. NBER Working Papers Series van den Ploeg (2011) Natural Resources: Curse or Blessing? Journal of Economic Literature 49/2, pp. 366-420