Global Development and Inequality
An examination of the theories, institutions, and debates that have shaped the modern fight against global poverty and inequality, from Rostow and Prebisch to the Sustainable Development Goals.
60-Second Review
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- Theories of Development and Underdevelopment. How economists have measured and theorized development, from GDP and HDI to dependency and world-systems theory.
- Postwar Development Strategies and Their Crises. Postwar development strategies, from non-alignment and import substitution to debt crisis and East Asian success.
- Development Success Stories and Global Goals. China and India's transformative growth, Africa's uneven progress, and the UN's MDG and SDG frameworks.
- Foreign Aid, Microfinance, and Poverty. Foreign aid, the Sachs-Easterly debate, microfinance, and how the World Bank measures extreme poverty.
- Measuring and Explaining Global Inequality. Measuring global inequality: within vs. between countries, the Gini coefficient, and Milanovic's research.
- Human Capital, Evidence, and Resource Wealth. Education, gender empowerment, randomized trials in development economics, and the natural resource curse.
- Debt, Climate, and South-South Cooperation. Remittances, debt relief, climate injustice and finance, and China's South-South development cooperation.
- Global Governance and Development's Future. Global governance bodies, NGOs, urbanization, food security, the digital divide, and displacement crises.
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Further reading
Bibliography and cited sources used to create this module.
- Sen, A. (1999). Development as Freedom. New York: Alfred A. Knopf.
- Easterly, W. (2006). The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good. New York: Penguin Press.
- Sachs, J. (2005). The End of Poverty: Economic Possibilities for Our Time. New York: Penguin Press.
- Milanovic, B. (2016). Global Inequality: A New Approach for the Age of Globalization. Cambridge, MA: Harvard University Press.
- Banerjee, A. and Duflo, E. (2011). Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. New York: PublicAffairs.
- Wallerstein, I. (1974). The Modern World-System. New York: Academic Press.
- Rostow, W.W. (1960). The Stages of Economic Growth: A Non-Communist Manifesto. Cambridge: Cambridge University Press.
- World Bank. Poverty and Inequality Platform. https://pip.worldbank.org
- UNDP. Human Development Reports. https://hdr.undp.org