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KINT 7680 - The Architecture of International Development Finance

Type d'enseignement : Seminar

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Voir les plans de cours et bibliographies

Pre-requisite

Interest in geopolitics and economic development. Basic economics and/or prior development work a plus

Course Description

Economic development requires investment in physical and human capital. A complex financial architecture has developed over the past seven decades, designed to channel financial resources to developing countries to finance their development. These include the Bretton Woods institutions (IMF and World Bank Group); regional and national development banks and climate funds; bilateral development partners; government-to-government lending; and philanthropic institutions. Taxes, remittances, and investment and lending from private actors play significant roles also in financing development. The course will provide students with: first, a good working knowledge of these different players, their governance, their financial instruments and their modus operandi, including how the different development institutions raise their capital and interact with the global financial sector (securities markets, commercial banks). Second, the course will cover mechanisms by which developing country governments develop their investment plans and access the different resources of financing available. Third, at the project-specific level using country examples and project case studies, the cycle in which investment projects and programmes in developing countries are identified, appraised, financed, and managed, will be addressed.

Teachers

  • BOND, James (Emerging Markets Financial Economist)
  • CHAO, Wei-Ting (Teaching Assistant, Phd Student)

Pedagogical format

Short lectures to introduce key concepts; group assignments requiring students to research and present selected topics; and moderated class discussion of key topics and concepts. The focus will be on practical and hands-on learning.

Course validation

Students will be required to make team presentations (teams of three students each) to the class on selected topics. In addition, an individual short essay on a selected topic (from a short-list of topics provided) will contribute to the final grading.

Grading: - Team presentation (30%);
- essay (50%);
- group participation (20%)

Workload

3 to 6 hours per course

Required reading

Michael P Todaro and Stephen C. Smith: Economic Development, (The Pearson Series in Economics 12th Edition), 2014 Chapter 1: Introducing Economic Development: A Global Perspective

Additional required reading

  • Daron Acemoglu, James Robinson Why Nations Fail: The Origins of Power, Prosperity, and Poverty (Crown Business) 2013
  • Gregory Clark A Farewell to Alms: A Brief Economic History of the World (The Princeton Economic History of the Western World) 2007

Plans de cours et bibliographies