Economics Management

"Vietnam and Turbulence in the Global Economy"

January 10-17, 2002

 

Da Nang

January 10-17, 2002

 

Schedule

Course Outline

Faculty and Staff

Organizers, Guests, and Participants

 

1. The Global Economy
Thursday, Jan 10, 2002

Lectures

ü      Globalization and Asia

ü      Financial Integration and International Capital Flows

ü      The Global Economic Slowdown and Its Implications

Background Readings

ü      Summary of Thomas L. Friedman, "Lexus and the Olive Tree".

ü      The Economist, "Survey: Globalization and Its Critics", Sep 27th 2001.

ü      Asian Development Bank, "Asian Development Outlook 2001", Part III: Asia's Globalization Challenge.

ü      World Bank, "Global Economic Prospects and the Developing Countries, 2002 ", Chapter 1 - Prospects for Developing Countries: Coping with a Global Slowdown.

 

 

2. From Institutional Failures to Effective Institutional Building
Friday, Jan 11, 2002

Lectures

ü      Insititional Failures in Economic Development

ü      Legal Institutions and Economic Development - A Comparative Study on Corporate Laws in Vietnam and Russia

Background Readings

ü      World Bank, "World Development Report 2002", Chapter 1: Building Institutions: Complement, Innovate, Connect, and Compete.

ü      Summary of Hernando de Soto - "The Mystery of Capital".

ü      World Economic Forum, "Global Competitiveness Report 2001".

ü      Summary of Prof. Reinier Kraakman's Papers.

 

 

3. Economic Reform in China and Issues of Trade, Investment, and Industrialization

Saturday, Jan 12, 2002

 Lectures

ü      Economic Reform in China

ü      Trade, Investment, and Industrialization in East and Southeast Asia

ü      Portfolio Investment and Corporate Restructuring

Background Readings

ü      Dwight H. Perkins, "Industrial and Financial Policy in China and Vietnam: A New Model or a Replay of the East Asian Experience?". (In Stiglitz & Yusuf, "Rethinking the East Asian Miracle", 2001.)

ü      Dwight H. Perkins, "Industrial Policy versus the Rule of Law in East and Southeast Asia". Paper prepared for the World Bank, Incomplete Draft, 2001.

 

 

4. Development Finance

Sunday, Jan 13, 2002

Lectures

ü      Financial System in East Asia

ü      Development Finance and Economic Growth

Background Readings

ü      World Bank, "Global Development Finance 2001", Chapter 2: Trends in Private Capital Flows.

ü      World Bank, "Finance for Growth", Overview and Summary.

 

5. Technology
Monday, Jan 14, 2002

Lectures

ü      Interview with Stan Shih, President and CEO of Acer Computers

ü      Vietnam's IT Industry

ü      The Coffee Story

ü      Supply and Demand of Science

ü      Case Study: Urea Fertilizer - Import or Produce?

 

Background Readings

ü      The Economist, "Survey: Technology and Development", Nov 8th 2001.

ü      Fertilizer Production: Strategic Pittfalls?

 

6. Local Economic Development
Tuesday, Jan 15, 2002

Lectures

ü      Guangdong

ü      From Guangdong to Vietnam in the Context of Globalization

ü      Case Study: Danang and Binh Duong

Background Readings

ü      Investment Pattern and Private Sector Development in Danang.

 

7. Vietnam’s Growth Scenarios
Wednesday, Jan 16, 2002

Lectures

ü      Growth scenarios for Vietnam

ü      Group Discussion

Background Readings

ü      David Dapice, "Economic Policy for Vietnam in a Period of Economic Turbulence", 2001.

ü      David Dapice, "Choices and Opportunities", 2000.

 

8. Review and Conclusion
Thursday, Jan 17, 2002

Lectures

ü      The Global Trading System

Background Readings

ü      World Bank, "Global Economic Prospects and the Developing Countries", Chapter 6: Envisioning Alternative Futures: Reshaping Global Trade Architecture for Development.

Review and Conclusion

Reviewing what had been learned and reaching a consensus about what the class believes to be true. Objections to any evolving consensus will be treated respectfully and examined. The bottom lines here are "What is reality?" and, given reality, "What should Vietnam do?" If successful, the urgency as well as the direction of better policies will be clear and generally agreed to.

Course Assessment