Today’s plan is as follows:
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- Discuss Sen, A. (1988). The concept of development. Handbook of development economics, 1:9-26. Here are the discussion questions.
- Cover the topic of institutions and discuss chapter 3, “The Making of Prosperity and Poverty,” in Acemoglu, D. and Robinson, J.A. (2012) Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Business.
- Review dependence theories and start building on the core-periphery models and modify them with the class corrective.
- Next week we will discuss chapter 2, “The Pentagon-CIA Archipelago,” in Chomsky, N. & Herman, E. S. (2015, 1979) The Political Economy of Human Rights Vol I: The Washington Connection and Third World Fascism. London: Pluto Press.