Development Economics

Development Economics deals with economic particularities of various low-income nations around the globe. It is work in progress involving a wide variety of theories to explain effects. The following resources offer great insight about the big picture:

  • Online course in Development Economics at MRUniversity.com
    (introducing theories, concepts and actors)
  • “Why Nations Fail” by Daron Acemoglu and James Robinson (2012)
    (On the importance of institutions against all other factors)
  • “Poor Economics” by Abhijit V. Banerjee and Esther Duflo (2011)
    (Facts about spending habits of the poor from five continents)
  • “Dead Aid: Why Aid is Not Working” by Dambisa Moyo (2010)
    (Call for access to financial market instead of development assistance)
  • “The Developing World” by Fredrik Hären (2010)
    (Appetite for success and creativity explosion in the developing world)
  • “Africa – Altered States, Ordinary Miracles” by Richard Dowden (2008)
    (Insider explaining the diversity and complexity of Africa’s countries)
  • “Aid and other Dirty Business” by Giles Bolton (2008)
    (Pointing out high transaction cost of uncoordinated development efforts and making a case for massive financial action)
  • “The Shackled Continent” by Robert Guest (2005)
    (Stories of hope and despair in sub-saharan Africa)
  • “Confessions of an Economic Hitman” by John Perkins (2004)
    (Exposing the intentions of U.S. financial aid in the 1970s and 1980s)
  • “Ripples from the Zambezi” by Ernesto Sirolli (1999)
    (The genesis of a personal entrepreneurship coaching against a backdrop of ill-aligned Italian development aid)

(photo by Ryan Wick on flickr)

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