MSc Global Development (Globalisation, Trade & Industry)

The course will review and evaluate the recent debate on the role of financial and credit markets for economic development. It will discuss the desirability and limitations of deeper and far-reaching finance (financial development), as well as its origins.

Lectures and tutorials will analyse the current trends in developing countries and explore the history, theoretical base, development and challenges in this area.

The course will review and evaluate the recent debate on the role of financial systems (e.g., credit and financial markets) for economic development. It will discuss the idea, desirability and limitations of deeper and far-reaching finance, as well as its origins.

Lectures and tutorials will analyse the current trends in developing countries and explore the key debates: their history, theoretical base, and development and policy challenges in this area.

Students are expected to:

Readings include mainly journal articles. The following references provide a good initial understanding of the area:

• Hutton D. Global Finance and Development, Routledge, 2015
• Spratt S., Development Finance, Routledge, 2009
• The Handbook on the Political Economy of Financial Crises, Gerald Epstein and Martin Wolfson (eds.), Oxford University Press, 2013

Lectures and tutorials.

• Acquire an understanding of contemporary research and policy issues relating to the effects of financial and credit systems on economic development.

• Gain knowledge on the role of finance for economic development and of why some economies develop far-reaching credit and financial markets.

• Be able to critically interpret and debate current issues in the field of development finance as a professional economist.

• Critically demonstrate the awareness of current issues and debate in the field of financial development.

Feedback will be delivered during in-class interactions and formal summative feedback via Blackboard following assessment.

Readings include mainly journal articles. The following references provide a good initial understanding of the area:

- Hutton D. Global Finance and Development, Routledge, 2015

- Spratt S., Development Finance, Routledge, 2009

- The Handbook on the Political Economy of Financial Crises, Gerald Epstein and Martin Wolfson (eds.), Oxford University Press, 2013