Presentation on theme: "Sara Hsu. What is development? Gunnar Myrdal Washington Consensus Stiglitz and Sen Institutionalism China, India and Japan Reform in China:"— Presentation transcript:
What is development? Gunnar Myrdal Washington Consensus Stiglitz and Sen Institutionalism China, India and Japan Reform in China: 1979 at the Third Plenum Reform in India: Independence in 1947 Reform in Japan: 1868 with the Meiji Restoration
Individual paths but reform in all 3 countries Role and type of institutions: China: PBOC, SEZs, TVEs, SOEs Japan: Feudal system private land ownership, MITI India: Planning Commission
Economic development in China, India and Japan has changed the way economists understand political economy of development Different histories has led to different political economies of development: colonialism, industrialization
Development Different periods of development, different development trajectories for China, India and Japan What do the data tell us?
The UN Millennium Development Goals were laid out in 2000, and included the following: 1.Eradicating extreme poverty and hunger, 2.Achieving universal primary education, 3.Promoting gender equality and empowering women, 4.Reducing child mortality rates, 5.Improving maternal health, 6.Combating HIV/AIDS, malaria, and other diseases, 7.Ensuring environmental sustainability, and 8.Developing a global partnership for development