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Introduction.
Poverty, inequality, and underdevelopment. Development gap.
Convergence - divergence: Solow's model and models of endogenous growth.
Barriers to development. Classical development theories.
New ideas in underdevelopment theory. Economies of scale, coordination errors, multiple equilibria.
Trade theories and world experience. Debate on globalisation.
Role of institutions in economic development. Property rights, economic, political and legal risks.
Technology and technical progress in the process of growth and development.
Population growth and its implications for development.
Investmenty in human capital : education and health.
Social capital and cultural factors.
Geography, climate, resources, natural environment.
Agricultural markets, credit, micro-credit.
Role of the state, economic policy. Foreign aid controversies.
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