Required Books:
Robin Broad and John Cavanagh, Development Redefined
Iain Bruce, The Real Venezuela

Readings: (* means extra; [R] means on Reserve)

Part I. Economic Development: Definitions, Theories, and Trends

a. Robin Broad and John Cavanagh, Development Redefined, Chapter 1 (“What is Development?”) and Chapter 2 (“The Washington Consensus Emerges”). b. Mark Weisbrot and Rebecca Ray, “The Scorecard on Development, 1960-2010: Closing the Gap?” Center for Economic and Policy Research, April 21, 2011. c. United Nations Development Program, Human Development Report 2003, Overview; Chapter 1 (“The Millennium Development Goals”), Chapter 3 (“Overcoming structural barriers to growth to achieve the Goals"); Chapter 8 (“Policy, not charity: what rich countries can do to help achieve the Goals”); *MDG Indicators; *Human Development Indicators. d. *United Nations Development Program, What Will It Take To Achieve The Millennium Development Goals? An International Assessment, June 2010. e. *United Nations Development Program, Human Development Index tables. f. *Elizabeth A. Stanton, “The Human Development Index: A History,” PERI Working Paper, February 2007. g. *Ann Helwege and Melissa B.L. Birch, "Declining Poverty in Latin America? A Critical Analysis of New Estimates by International Institutions," Global Development and Environmental Institute Working Paper, September 2007.. h. Patrick Bond, “Global Governance Campaigning and MDGs: From Top-down to Bottom-up Anti-poverty Work,” Choike.com, 2005. i. Patrick Bond, “South African Development Goals Will Not Be Met,” Znet, September 29, 2010. j. William Easterly, “Why there’s no ‘GrowthGate:’ Frustration vs. Chicanery in Explaining Growth,” Aid Watch, December 10, 2009. k. Walden Bello, “The Poverty Trap,” Counterpunch, May 2, 2010. l. Cheryl Payer, “The Lawyer’s Typist: Variations on a Theme by Paul Samuelson,” Monthly Review, April 2006. [R] m. Kevin P. Gallagher and Timothy A. Wise, "Back to the Drawing Board: No Basis for Concluding the Doha Round of Negotiations," RIS Policy Briefs, April 2008. n. *Anwar Shaikh, “The Economic Mythology of Neoliberalism,” in Alfredo Saad-Filho and Deborah Johnston (eds), Neoliberalism: A Critical Reader, 2005. o. Robert Weissman, "Reclaiming Economic Freedom," Huffington Post, January 24, 2008. p. Jan Breman, “Myth of the Global Safety Net,” New Left Review, September-October 2009.

Good sources of news on current economic controversies and developments related to the Third World include: Jubileesouth: http://jubileesouth.org/ Focus on the Global South: http://focusweb.org/ Triple Crisis Blog: http://triplecrisis.com/ The South Center: http://www.southcentre.org/index.php

 Part II. International Dynamics and Institutions

a. Cheryl Payer, The Debt Trap, Chapter 1 (“The Foreign Exchange Crisis”); Chapter 2 (“The IMF and the New Style of Aid-giving”). [R] b. Richard Peet, Unholy Trinity, The IMF, World Bank and WTO, Chapter 3 (“The International Monetary Fund”). [R] c. Martin Hart-Landsberg, “Challenging Neoliberal Myths, A Critical Look at the Mexican Experience,” Monthly Review, December 2002. d. Eduardo Zepeda, Timothy A. Wise, and Kevin P. Gallagher, Rethinking Trade Policy for Development: Lessons From Mexico Under NAFTA, Carnegie Endowment for International Peace, Policy Outlook, 2009. e. Alfredo Saad-Filho, “The Political Economy of Neoliberalism in Latin America,” in Alfredo Saad-Filho and Deborah Johnston (eds), Neoliberalism: A Critical Reader, 2005. [R] f. Robin Broad and John Cavanagh, Development Redefined, Chapter 3 (“The Citizen Backlash Erupts”), Chapter 4 (“Myths About the Environment Strengthen”), and Chapter 5 (“The North-South Divide Widens”). g. Ten Common Misconceptions About the IMF, External Relations Department, IMF, September 1993. [R] h. Kenneth Rogoff, “The IMF is Not the Problem,” IMF, October 2002. i. Kenneth Rogoff, “The IMF Strikes Back,” Foreign Policy, January/February 2003. j. Nuria Molina, "Europe Questions IFIs on Conditionality: Whose Outcome?" Eurodad, April 2008. . k. *Mark Weisbrot, Rebecca Ray, Jake Johnston, Jose Antonio Cordero and Juan Antonio Montecino, IMF-Supported Macroeconomic Policies and the World Recession: A Look at Forty-One Borrowing Countries, Center for Economic and Policy Research, October 2009. l. Mark Weisbrot, “The IMF’s New Wisdom,” Guardian, April 10, 2010. m. Kevin Gallagher and Jose Antonio Ocampo, “The IMF’s Welcome Rethink on Capital Controls,” Guardian.co.uk, April 6, 2011. n. Richard Peat, Unholy Trinity, The IMF, World Bank and WTO, Chapter 4 (“The World Bank”). [R] o. Robin Broad, “Research, Knowledge and the Art of ‘Paradigm Maintenance’,” Bretton Woods Project, November 2006. p. Walden Bello, "The WTO's Raw Deal on Services," Foreign Policy in Focus, July 17, 2008. q. Gerard Greenfield, “The WTO Agreement on Trade Related Investment Measures (TRIMS),” Canadian Center for Policy Alternatives, January 2001. r. *Walden Bello, Deglobalization, Chapter 1 (“Introduction: The Multiple Crises of Global Capitalism); Chapter 2 (“Marginalizing the South in the International System”); Chapter 3 (“Sidestepping Democracy at the Multilateral Agencies’); Chapter 4 (“The Crisis of Legitimacy”); Chapter 5 (“The Vicissitudes of Reform, 1998-2002”); Chapter 6 (“Proposals for Global Governance Reform: A Critical Analysis”); Chapter 7 (“The Alternative: Deglobalization”). [R]

The IMF describes its structure and activities at: http://www.imf.org/external/about.htm IMF officials give regular speeches on trends in the world economy which can be read on-line at: http://www.imf.org/cgi-shl/create_x.pl?mds The IMF publishes a monthly magazine, Finance and Development, which has short, policy oriented articles “on major issues affecting the international monetary system and the global economy" at: http://www.imf.org/external/pubs/ft/fandd/fda.htm The Whirled Bank Group publishes a critical (and humorous) commentary on World Bank policies at: http://www.whirledbank.org/ Investment Treaty News publishes news, analysis and opinions on international investment law and its implications for sustainable development at: http://www.investmenttreatynews.org/ The Committee for the Abolition of Third World Debt provides a timely look at international developments related to third world debt and development issues at: http://www.cadtm.org/English Odious Debts offers a critical look at the legitimacy of Third World debts at: http://www.odiousdebts.org/odiousdebts/index.cfm Public Citizen provides up-to-date information on the workings of, and struggles against, the WTO, NAFTA, and other trade agreements at: http://www.citizen.org/trade/

Part III. Case Study: The Philippines

a. Cheryl Payer, The Debt Trap, Chapter 3 (“Exchange Controls and National Capitalism: the Philippines Experience”). [R] b. Naomi Klein, No Logo, Chapter 9 (“The Discarded Factory”). [R] c. Steven C. McKay, Satanic Mills or Silicon Islands? The Politics of High-Tech Production in the Philippines, Chapter 2 (“Global Electronics, Filipino Workers, and the Regulatory State”). [R] d. Focus on the Global South, “Philippine Trade Liberalization: Faith Damns, Losers Can Only Weep,” July 2011. e. Joseph Y. Lim and Manuel F. Montes, "Structural Adjustment Program after Structural Adjustment Program, But Why Still No Development in the Philippines?" August 2002. f. Herbert Docena and Jenina Joy Chavez, "Eight Point Memo to Address the Economic Crisis," Focus on the Philippines, July 2008. g. Melisa R. Serrano, "Of Jobs Lost and Wages Depressed in the Philippines," Rethinking Development Economics, July 2008. h. William Sparrow, "Philippines Exporting Labor and Sex," AsiaTimes Online, March 15, 2008. i. Julie de los Reyes, “The Migration Imperative: Desperate Times Call for Desperate Measures?” Focus on the Philippines, 2009. j. Walden Bello, “CARPER, Latest Episode in the Battle for Agrarian Reform,” LandWatch Philippines, June 23, 2009. k. Romeo C. Royandoyan, Carmina B. Flores-Obanil, and Mary Ann Manahan, “Beating 2014: Pushing for the Decisive Implementation of CARPER,” Focus on the Global South, July 25, 2011. l. Jenee Grace U Rubrico, “Philippines’ Power at a Crisis Point,” Asia Times Online, April 10, 2010. m. Priscillia Lefebvre, “A State of Terror: The Death of Human Rights in the Philippines,” The Bullet, April 28, 2010.

For additional information about contemporary economic developments see: The Freedom from Debt Coalition: http://www.freedomfromdebtcoalition.org The National Statistics Office, Republic of the Philippines: http://www.census.gov.ph/ Focus on the Global South, Philippines Program: http://www.focusweb.org/philippines/index.php

Part IV. Case Study: South Korea, China and East Asia

a. Elsje Fourie, "Africa Looks to Learn From East Asia's Development Experiences," The Guardian, September 28, 2011. b. Martin Hart-Landsberg, Rush to Development , Part I. [R] c. Martin Hart-Landsberg, "The South Korean Economy: Problems and Prospects," in Martin Hart-Landsberg, Richard Westra, and Seongjin Jeong (eds), Marxist Perspectives on South Korea in the Global Economy, 2007. d. Martin Hart-Landsberg, "The Asian Crisis: Causes and Consequences," Against the Current , March-April 1998. e. Anne O. Krueger (First Deputy Managing Director, IMF), "Still Achieving, Still Pursuing: The Global Consequences of Asian Growth," IMF, December 2005. f. *Jesus Felipe and Rana Hasan,"The Challenge of Job Creation in Asia," Economic and Research Department Policy Brief, Asian Development, April 2006. g. Martin Hart-Landsberg, "China, Capitalist Accumulation, and World Crisis," Marxism 21, Spring 2010. h. Martin Hart-Landsberg, “Globalization and its Consequences in China,” Reports From The Economic Front, June 6, 2011.

For additional information on current economic and political developments in Asia see: Asia Monitor Resource Center: http://www.amrc.org.hk/ Korean Confederation of Trade Unions: http://kctu.org/ China Study Group: http://chinastudygroup.net/

Part V. Constructing Development Strategies

a. Robin Broad and John Cavanagh, Development Defined, Chapter 6 (“The Washington Consensus Cracks”), Chapter 7 (“Post 9/11: Myths About Aid and Trade Resurface”), and Chapter 8 (“New Lenses on Development”). b. Brian Pollitt, “From Sugar to Services: An Overview of the Cuban Economy,” MRzine, June 10, 2010. c. Micheline Sheehy Skeffington, "Organic Fruit and Vegetable Growing as a National Policy: the Cuban Story," Energy Bulletin, Feb 2006. d. Julie Feinsilver, “Cuba’s Health Politics: At Home and Abroad,” Council on Hemispheric Affairs, 2010. e. *Pedro Monreal, “Cuban Development in the Bolivarian Matrix,” NACLA, January/February 2006. [R] f. Frances Moore Lappé, “The City That Ended Hunger,” Yes Magazine, February 13, 2009. g. Iain Bruce, The Real Venezuela. h. Mark Weisbrot, Rebecca Ray and Luis Sandoval, The Chavez Administration at 10 years: The Economy and Social Indicators, Center for Economic and Policy Research, February 2009. i. *Michael Lebowitz, Build It Now: Socialism For the Twenty-First Century, Chapter 7 ("The Revolution of Radical Needs: Behnd the Bolivarian Choice of a Socialist Path"). [R] j. *The Economist, “Microcredit May Not Work Wonders But it Does Help the Entrepreneurial Poor,” July 16, 2009. k. Madeleine Bunting, “Is Microfinance a Neoliberal Fairytale?” Guardian.co.uk, March 9, 2011. l. Martin Hart-Landsberg, "ALBA and the Bank of the South," in Monica Dias Martins and Rosemary Galli (editors), Multilaterism and South American Reactions, Ceara, Brazil: State University of Ceara Press, 2011. m. Martin Hart-Landsberg, “ALBA and the Promise of Cooperative Development,” Monthly Review, December 2010.

For a view of efforts to create alternative trade and development strategies see: Alternatives for the Americas, Alliance for Responsible Trade: http://www.web.net/comfront/alts4americas/eng/eng.html International Development Economics Associates: http://www.networkideas.org/default.htm Venezuela Analysis: http://venezuelanalysis.com/

Grading:

Accommodations: If you have a disability that may impact your academic performance, you should request accommodations by submitting documentation to the Student Support Services Office located in Albany 206 (503-768-7156).  Once that office notifies me of the accommodations for which you are eligible we can meet to decide how best to proceed.  You should begin this process as soon as possible. Academic Integrity: According to the Lewis & Clark College's Academic Integrity Policy, Acts of academic dishonesty involve the use or attempted use of any method or technique enabling a student to misrepresent the quality or integrity of his or her academic work. Academic dishonesty with respect to examinations includes but is not limited to copying from the work of another, allowing another student to copy from one's own work, using crib notes, arranging for another person to substitute in taking an examination, or giving or receiving unauthorized information prior to or during the examination. Academic dishonesty with respect to written or other types of assignments includes but is not limited to: failure to acknowledge the ideas or words of another that have consciously been taken from a source, published or unpublished; placing one's name on papers, reports, or other documents that are the work of another individual, whether published or unpublished; flagrant misuse of the assistance provided by another in the process of completing academic work; submission of the same paper or project for separate courses without prior authorization by faculty members; fabrication or alteration of data; or knowingly facilitating the academic dishonesty of another. Please be aware, the penalties for violating this policy are severe. Ignorance is no excuse. Your grade in economic development will be based on your performance in the following five categories (with percentage weighting): Attendance and Participation (10%) You are expected to attend every class and participate fully in discussions and exercises; missed classes and/or lack of participation will lower your grade. Notebook Writings (15%) You will do a series of short writing assignments (normally from one to five pages each). Some writings may take place in class. Some may be shared with other students. Late assignments will be penalized with a reduced grade. Midterm Examination (25%) Final Paper (25%) A final paper, organized according to specific guidelines, will be due at the beginning of our last class meeting of the semester.  Late papers will lose one letter grade for each day they are late.  You might want to participate in the peer review process. Take-Home Final Examination (25%)