Approaches to Development

Balanced and Unbalanced Growth; Critical Minimum Efforts Theory; Low Income Equilibrium Trap; Dual Economy: Models of Lewis, Fei-Ranis, Jorgensen, Basic idea of Dixit and Marglin, Kelly et.al.

Reading List

·        Adelman, I. (1961). Theories of Economic Growth and Development. Stanford University Press, Stanford.

·        Ghatak, S. (1986). An Introduction to Development Economics. Allen and Unwin, London.

·        Higgins, B. (1959). Economic Development. W.W. Norton, New York.

·        Hirschman, A.O. (1958).The Strategy of Economic Development. Yale University Press, New York.

·        Kindleberger, C.P. (1977).Economic Development. McGraw Hill, New York.

·        Lewis, W.A. (1955). The Theory of Economic Growth. George Allen and Unwin, London.

·        Thirlwal, A.P. (1999). Growth and Development. Macmillan, U.K.

Sectoral Aspects of Development

Role of Agriculture in Economic Development; Heterogeneity in Agriculture; Agricultural Transformation: Designing Strategy for Agriculture Transformation.

Rationale and Pattern of Industrialization in developing Countries; Choice of Techniques, Appropriate technology and employment; Terms of Trade between Agriculture and Industry.

Services Sector in Developing Economies: Role, growth and sustainability, Infrastructure and its importance.

Reading List

·        Bhagwati, J. & Desai, P. (1970). India: Planning for Industrialization. Oxford University Press, London.

·        Brown, M. (1966). On the Theory and Measurement of Technical Change. Cambridge University Press, Cambridge, Mass.

·        Grossman, G. and E. Helpman (1991). Innovation and Growth in the Global Economy. MIT Press, Cambridge, Mass.

·        Schultz, Paul T. & Strauss, J. (Eds.). (2008). Handbook of Development Economics, Vol. 4. Elsevier, Amsterdam.

·        Schultz, T.W. (1968). Economic Growth and Agriculture. McGraw Hill.

·        Sen, A.K. (Ed.). (1990). Growth Economics. Penguin, Harmondsworth.

International Trade Theory and Development Strategy

Key Issues in International Trade; Critique of Traditional Tree Trade Theory; Trade Policy Debate: Export Promotion, Import Substitution and Economic Integration; Globalization and Development: View of Stiglitz.

Reading List

·        Aydin, H. I., Ziolo, M. & Balacescu, A. (Eds.). (2017). Economic Development: Global & Regional Studies. IJOPEC Publication, London.

·        Todaro, M.P. & Smith, S.C. (2003). Economic Development. Pearson Education, Delhi.

Emerging Issues in Development

Role of financial Institutions in economic development: Theory (Acemoglu and ZilibottiModel) and Evidence.

New Institutional Economics: Role of Market, State and Civil Society; Post 2015 Development Agenda: Impasse in Development Studies and the Alternatives to the Impasse.

Reading List

·        Meier, G.M. & Rauch, J.E. (2005).Leading Issues in Economic Development. Oxford University Press, New Delhi.

·        Menard, C. & Shirley, M.M. (2008). Handbook of New Institutional Economics. Springer Science & Business Media.

·        Todaro, M.P. & Smith, S.C. (2003). Economic Development. Pearson Education, Delhi.