Week # 10-11: Dualism and the role of international institutions

  • Dualism
  • Process of cumulative causation: regional inequalities
  • International inequality and centre-periphery models
  • Two models of ‘regional’ growth rate differences: Prebisch and Kaldor
  • New economic geography
  • Theories of dependence and unequal exchange
  • Facts about world population
  • Determinants of fertility
  • Costs and benefits of population growth: Simon’s Challenge
  • ‘Optimum’ population
  • Model of low-level equilibrium trap
  • Balance of Payments (BP) constrained growth
  • Terms of trade, exchange rate and devaluation
  • Application of BP constrained growth model
  • Capital flows
  • Exchange rate systems for developing countries
  • International monetary system and developing countries
  • How the IMF works
  • IMF facilities
  • Criticisms of IMF
  • Results of IMF programmes
  • Special Drawing Rights (SDRs)

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