Course Description

Course Name

Economic Development in a Globalizing World

Session: VSOS3221

Hours & Credits

3 Credits

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.



A Reading Packet will be available from a copy shop near to the West Gate. The shop will be announced in the first week.

  • Economics by R. Glenn Hubbard and Anthony O?Brien, Pearson, 2006.
  • Economic Development by Michael P. Todaro, 10th Edition, Addison Wesley.
  • Development, Trade, and the WTO by Bernard Hoekman, Aaditya Mattoo, and Philip English (HME), The World Bank, 2002.
  • Economic Development and Multilateral Trade Cooperation by Simon J. Evenett and Bernard M. Hoekman (EH), The World Bank, 2006.
  • Regional Integration and Development by Maurice Shiff and L. Alan Winters (SW), The World Bank, 2003.
  • Selected Papers.

This course explores issues of economic development in a globalizing world. Today, trade policy is at the forefront of the development agenda, and it is a critical element of any strategy to fight against poverty. This renewed interest in trade liberalization does not come from dogma, but instead is based on a careful assessment of development experience over the last 50 years. In the first half of the semester, we study how multilateral trade cooperation in the World Trade Organization (WTO) helps developing countries create and strengthen institutions and regulatory regimes that will enhance the gains from trade and integration into the global economy. In the second half, we also survey how the growth of regional trading blocs affects developing countries that are turning to regionalism as a tool for economic development.



Students are expected to have completed the reading prior to lecture. Attendance is mandatory at the lectures, and exams will focus primarily on material presented in lecture. In this course, each new concept requires a solid understanding of what was taught previously. Therefore, it is essential that you keep up right from the beginning. If you fall behind, it will be very difficult to catch up.

Grouping: Students will be asked to make a team of 4-5 teammates (to be determined later, depending on the size of class) and to present any topic related to international trade.
Proposal: Each team needs to submit its own One-Page Proposal, with information of grouping, topic, work division, and two preferred dates of presentation, by May 14th (W) in class.
Presentation: During the group presentation in class, each teammate needs to present. Each team has 25-30 minutes to present and then a discussion session will be followed.

*Course content subject to change