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APUSpecial Lecture on Development Strategy by Motoo Kusakabe

Lesson Eleven:

Lesson 11. Is Investment an Engine of Growth? Is Trade and Engine of Growth? (Presentation)
What do we learn?	Reading Suggestions
How Economic Policies affect the Effectiveness of of the aid and poverty reduction? 　　　 What is Structural Lending? 　　 Brief history of structural adjustment policies. - 1980's Narrow focus on Macro and Price distortion - 1990's Long-term structural focus What was the outcome? What was the major criticism for Structural Adjustment?	What is Structural Adjustment approach? Easterley, William. 2001. The Elusive Quest for Growth, Economists Adventures and Misadventures in the Tropics. The MIT Press. p101-102 Are there any successful cases of Structural Adjustment? Easterley, William. 2001. The Elusive Quest for Growth, Economists Adventures and Misadventures in the Tropics. The MIT Press. p103-104 What is a typical faiure case of Adjustment Lendings? Easterley, William. 2001. The Elusive Quest for Growth, Economists Adventures and Misadventures in the Tropics. The MIT Press. p104-105 What was the performance of Adjustment Lending? The World Bank. 2001. Adjustment Lending Retrospect. The World Bank, Washington, D.C.
How did conditionality worked?	How Economic Policies affect the effectiveness of the Aid? Burnside, Craig and David Dollar. 1997. Aid, Policies, and Growth. World Bank Policy Research Working Paper #1777 How do Policies and Incentives affect the effectiveness of the Aid in reducing Poverty? Burnside, Craig and David Dollar. 1998. Aid, the Incentive Regime, and Poverty Reduction. World Bank Policy Research Working Paper #1937 What Explains the Success or Failure of Structural Adjustment Programs? Dollar, David, and Jakob Svensson. 1998. What Explains the Success or Failure of Structural Adjustment Programs? Policy Research Working Paper #1938, World Bank, Washigton, DC.