Foreign Aid to Developing Countries-Essay
Here are the topics we covered in the class:
– State of the World, Why Economic Freedom is Vital
– Wealth Creation and Economic Growth
– Basic Trade Concepts
– Specialization and Comparative Advantage
– History of Trade / Interaction of trade and globalization
– Potential Problems/Fears of Trade/Globalization’s detractors
– Cost and Reasons of Trade Restrictions
– Trade Issues Discussion
– Do Restrictions Work?, Special Interests & Reducing Restrictions
– Currency Exchange Markets, Value of money
– Currency Exchange Systems, History
– Macro policy impact on exchange rates
– Balance of Payments/Current Accounts/Capital Movement
– EU Debt Crisis – EU and Euro
– China’s future and influence
– Immigration Policy; econ and morality
– NGOs: WTO, IMF, World Bank
– Role of Aid, Growth Models
– History of International Development Aid
– International Development Aid- a new perspective
– How do we help the 3rd world?
– What about culture?
Here are the texts we were assigned in class:
– In Defense of Global Capitalism – Johan Norberg
– The Choice – Russell Roberts
– The Elusive Quest for Growth – William Easterly
My professor is a pretty big free markets economist and a Christian.
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