Innovation and the Global Income Distribution
Full course description
This course looks at how the global economy developed in the long run. The emphasis is on the comparative growth performance of countries, i.e., on how average living standards between countries diverged or converged. We consider the global economic environment in which these trends took place, using basic macroeconomic theory. In the final part of the course, we look at how the production and use of technological knowledge is distributed in the world, how this relates to the global income distribution between countries, and how these trends can be interpreted using the basic theory of economic growth.
In this respect, this course provides a general introduction to the economic perspective on human development. It is the introductory course in the Innovation, Institutions and Development specialization of the MPP programme. The course looks in some detail at economic theories explaining unequal human development. It covers both the basic theoretical framework, and extensions to this framework. The course makes extensive use of empirical materials, and cases from the actual policy context. The latter is aimed at the UN system, with a focus on parts of the UN that are actively engaged in human development policy (in particular UNDP).
- To become acquainted with the basic economic facts and theories about globalization, .particularly diverging growth performances and their impact on the distribution of world-income
- To become acquainted with the (measured) influence of technical change on these economic matters and how to observe those ‘facts’ and how to make sense of such facts through the application of theoretical frameworks that provide logical connections between those facts.
- To become acquainted with both the subject matter and the methodologies used in researching the subject matter by studying capita selecta from the vast body of literature on the subject matter and by doing assignments which are meant to sharpen students’ problem-solving skills as well as research-imagination.