Political Economy

Week 4 Tutorial 2

News Report

Growth

Q&A

• Three (competing) determinants of development:
  • Geography
  • Integration
  • Institutions
• Functions of institutions:
  • market creation
  • market regulation
  • market stabilisation
• IMF and World Bank conditionality rules

Q&A

Q&A

• Critical approach to development economics
  • Reverse causality: development -> institutions
• Role of free-market and property rights

Break

Peer-review

• In small groups
• An article assigned
• Summarise (the research design)
• Criticise and praise
• Offer solutions

Thank you and see you next week!