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Developments in Modern Political Economy with Prof Celestin Monga (@CelestinMonga) and Prof Abiola Awosika
Developments in Modern Political Economy with Prof Celestin Monga (@CelestinMonga) and Prof Abiola Awosika
Why are Luxembourg and Switzerland, two small, landlocked countries with virtually no natural resources other than their people and neighbours, achieving remarkable rates of growth and are among the richest economies in the world?
Why have other small, landlocked countries such as Burundi, Bolivia, or Bhutan failed to ignite similar economic processes? How do some countries manage to escape the so-called middle-income trap?
How did Mauritius, a small island in the Indian Ocean, manage to launch a successful manufacturing industry, and put many of its labour force to work?
How did China, the most populous country in the world, lift out of poverty an estimated 600-700 million people in just about one generation?
Modern political economy has provided a wide range of answers to such questions. This lecture will start with a brief discussion of what modern political economy is, stress its relevance in the context of Africa, and frame it in terms of the various waves of development thinking.
The course then explores some of the main narratives of development economics and discusses the analytical frameworks and policy practices that underpin them.
Several interrelated themes are examined: growth theories and development; institutions and governance; employment; strategies that lead to inclusive growth and structural economic transformation.
The course involves some theoretical analyses and policy discussions.
#SPPGFaculty #ValuesBasedLeadership #SPPGFacultyMembe
#SPPGFaculty #ValuesBasedLeadership #SPPGFacultyMembe
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