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Unit information: Globalisation and Development in 2011/12

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Unit name Globalisation and Development
Unit code ECON10053
Credit points 20
Level of study C/4
Teaching block(s) Teaching Block 4 (weeks 1-24)
Unit director Dr. De Magalhaes
Open unit status Open

GCSE Grade A Maths



School/department School of Economics
Faculty Faculty of Social Sciences and Law


This course addresses the economics of Globalisation and Development. The first part of the course asks the question of why some countries developed faster than others before the 20th century.

. Why did Eurasia become the more developed of the continents?
. Why did Western Europe overtake China economically?
. Why did England (and not China, or France) grow to be the richest country in the World by the late 19th century?

We will examine different answers to these questions:

. Geography
. Culture
. Institutions

The second part of the course first introduces several models of development and underdevelopment, with an emphasis on capital accumulation, rural-urban migration and the possibility of poverty traps. Next, it moves on to explore the influence that international trade, financial globalisation and international migration have on modern development. Finally, the course turns to examining in more detail the agricultural and industrial sectors and what governments can do to facilitate their transformation as well as the development of the whole economy.