This class examines one of the big questions of social science: why are some countries rich and others poor? Nowadays, this is a timely question because most countries in the world fall under the "poor" category, also known as the "developing" world. From a more historical angle, this is also a consequential question because so-called "developing" countries continually face various political, economic, and social challenges that are not easy to overcome, thus raising additional questions. Is it possible for developing countries to become more developed? If so, what are the main factors that promote or prevent development?
This class offers a comparative perspective on developing countries through the lens of Political Economy. Our comparative perspective draws from Comparative Politics, the branch of Political Science that examines domestic features of political systems. For this class, we won't compare all countries in the world, but rather focus on "developing countries" with a cross-country approach that emphasizes contemporary evidence, but we will also study selected case studies with added historical background.
In turn, Political economy is an umbrella term for various approaches that include a joint examination of political and economic factors. Scholars think that these combined approaches offer more realistic assessments of how societies evolve over time. On the one hand, all political systems produce intentional and unintentional impacts on economic performance. For example, this class will examine a related inquiry about the corresponding ability of democratic and non-democratic regimes to promote economic growth. On the other hand, economic outcomes can have a separate impact on political outcomes. In the short run, for instance, election and reelection of public officials is more likely when the economy is doing well. Over long periods of time, the interaction of politics and economics can produce both positive and negative feedback loops. For example, a persistent inability to jump start a healthy economy might translate into political instability that prevents development.
