Session #5b: Experimental Approaches to Development Along with microfinance, another recent approach to economic “buzzworthy” development is to use experimental approaches, specifically randomized controlled trials, to determine what does and work. The most famous advocates of this approach doesn’t are Abhijit Banerjee and Esther Duflo. We also consider the application of behavioral economics to development challenges. “Randomized Controlled Trials (RCTs),” Howard White, Shagun Sabarwal, and Thomas de Hoop. 2014. UNICEF, Methodological Briefs, Impact Evaluation No. 7. and of Poor “Think Again, Again,” “A Billion Hungry People,” Chapters 1-2 Abhijit Banerjee and Esther Duflo, PublicAffairs, 2011. Note: Economics, Read the first chapter, then browse Chapter 2. Behavioral Insights to Improve Development “Small Miracles” – Policy,” Allison Demeritt and Karla Hoff, 2015. Background paper to the 2015 World Development Report, World Bank. Note: Browse reading. Sessions #6a: The Debate over Development Aid Perhaps no debate about development has been as lively as the debate over the effectiveness of international aid. Advocates of aid argue that aid provides the financing necessary to allow developing countries to make the needed investments that lead to growth. Critics note that there seems to be no empirical relationship between aid and growth, and that aid is typically squandered. In this session we consider both sides of the debate. Aid Chapter 3 of Controversies in “Can Foreign Reduce Poverty?” Peter Haas, CQ Press, 2009. Globalization, and the Banality of the Aid Effectiveness Debate: Time to “Sachs, Easterly 3: 72-86, 2010/2011. Mapping Politics, Move On,” Daniel Miller, Session #6b: Policies for Just and Sustainable Development In our final session consider what policy changes are needed to produce just and we’ll sustainable development. the and in “Kicking Away Ladder: ‘Good Policies’ ‘Good Institutions’ Historical Ha-Joon Chang, in Kevin Putting Development First, Perspective,” Gallagher (editor), Zed Books, 2005. Note: Just browse this reading. Chapter 10 of Abhijit Banerjee and Poor Economics, “Policies, Politics,” Esther Duflo, PublicAffairs, 2011.
Session #5b: Experimental Approaches to Development Along with microfinance, another recent “buzzworthy” approach to economic development is to use experimental approaches, specifically randomized controlled trials, to determine what does and doesn’t work. The most famous advocates of this approach are Abhijit Banerjee and Esther Duflo. We also consider the application of behavioral economics to development challenges. “Randomized Controlled Trials (RCTs),” Howard White, Shagun Sabarwal, and Thomas de Hoop. 2014. UNICEF, Methodological Briefs, Impact Evaluation No. 7. “Think Again, Again,” and “A Billion Hungry People,” Chapters 1-2 of Poor Economics, Abhijit Banerjee and Esther Duflo, PublicAffairs, 2011. Note: Read the first chapter, then browse Chapter 2. “Small Miracles” – Behavioral Insights to Improve Development Policy,” Allison Demeritt and Karla Hoff, 2015. Background paper to the 2015 World Development Report, World Bank. Note: Browse reading. Sessions #6a: The Debate over Development Aid Perhaps no debate about development has been as lively as the debate over the effectiveness of international aid. Advocates of aid argue that aid provides the financing necessary to allow developing countries to make the needed investments that lead to growth. Critics note that there seems to be no empirical relationship between aid and growth, and that aid is typically squandered. In this session we consider both sides of the debate. “Can Foreign Aid Reduce Poverty?” Chapter 3 of Controversies in Globalization, Peter Haas, CQ Press, 2009. “Sachs, Easterly and the Banality of the Aid Effectiveness Debate: Time to Move On,” Daniel Miller, Mapping Politics, 3: 72-86, 2010/2011. Session #6b: Policies for Just and Sustainable Development In our final session we’ll consider what policy changes are needed to produce just and sustainable development. “Kicking Away the Ladder: ‘Good Policies’ and ‘Good Institutions’ in Historical Perspective,” Ha-Joon Chang, in Putting Development First, Kevin Gallagher (editor), Zed Books, 2005. Note: Just browse this reading. “Policies, Politics,” Chapter 10 of Poor Economics, Abhijit Banerjee and Esther Duflo, PublicAffairs, 2011.
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