The question of whether free markets and economic development are positive or negative for mankind are deeply relevant today, and in particular will be very present in the minds of students on this voyage of Semester at Sea with its stops in several emerging economies. This course will explore the meaning of economic development and how it is linked to human welfare and poverty reduction. It will delve into both the effects of higher levels of economic development and the forces that cause development to take place. It will also tackle some of the key economic questions of our day, including whether aid helps or hinders economic development, what the role of wider trade and globalization might be in reducing poverty in emerging economies, how governments and institutions affect the development process, whether resources are a blessing or a curse, and whether there are “clean” development models that could help emerging nations to avoid some of the mistakes and negative side effects of growth as experienced by the world´s richest economies.
Field WorkCountry: Senegal
Day: 1 - Saturday, 31 October