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International
Trade and Economic Development
The economic
development of developing countries is the focus of this field, and
of a number of faculty in our department. The concepts of economic
development are drawn for the most part from the body of microeconomic
and macroeconomic knowledge, but the applications to developing countries
are often both unique and quite important in assuring that these countries
proceed in the transition from developing to developed.
The courses
in this field provide a general overview to the overarching problems
and opportunities of economic development: growth strategies,
implications of free trade, financial-market development, urbanization,
and others. Other fields address specific issues in a developing-country
context, as for example in the course in health
and development.
We have an
active research community, and our seminar
program is designed both to give local scholars an opportunity
to present their work and to bring outside scholars into our midst.
Courses:
The
Trade and Development field is typically begun in the second year
of the graduate program, after completing the first-year courses in
Microeconomics, Macroeconomics, Statistics and Econometrics. The Trade
and Economic Development field comprises three courses:
- Theory of International
Trade (Economics 261) is the initial course in the sequence.
It examines the historical development of economic thinking about
the development process, and the more recent theories of distortions
and rigidities that specifically face developing countries.
- Economic Development
(Economics 263) addresses the defining chaacteristics of developing
economies. There is attention paid both to microeconomic characteristics
and to macroeconomic features of these countries. Transition economies
are considered as a separate set of emerging economies, with distinct
institutions and market structures. Other questions addressed
include the role of international trade, the importance of access
to foreign financial markets, the difficulties in financial-sector
development, and problems of demography, migration and urbanization
in developing countries.
- The seminar in Trade
and Development (Economics 361) is a course that examines in greater
depth the topics raised in the earlier courses. In it, students
begin their research agenda for dissertation work with the assistance
of the faculty instructor.
UNC Faculty
I am a
specialist in the fields of international economics and economic
development. My economic research in recent years has followed
three paths. The first is the international aspects of transition
for formerly Soviet economies; to conduct this research I have visited
Belarus, Georgia, Kazakhstan and Ukraine on a number of
occasions. I have also written on the macroeconomic impact of IMF
adjustment programs, and am presently working on extensions to that
work. Finally, I investigate the theoretical explanations and empirical
implications of international trade between developed and developing
countries in a variety of frameworks. You'll find detailed
listings of publications and copies of working papers on my research
page.
My graduate
courses include seminars in international trade theory and economic
development strategies. At the undergraduate level I teach
courses in international economics and economic
development; I also am instructor for a first-year seminar course
entitled "The Economics
of North Carolina". I have won awards for both undergraduate
and graduate teaching, including the University-wide William A.
Friday Award for Teaching Excellence.
William
A. (Sandy) Darity
Al Field
I teach
and research in the areas of International Trade and Economic Development.
I have worked in Latin America and China as well as with a number
of international agencies in the United States and Europe, primarily
on trade and development policy issues. My research interests
lie in the area of trade policy and adjustment and development policy,
particularly as it relates to trade and agriculture. Several of
my current students are working on microeconomic issues relating
to rural household decision making in developing countries. One
of my current lines of research has focused on trade and structural
adjustment issues in the United States, focusing on the textiles
and apparel industry. A recent paper analyzed the unemployment
experience of unemployed textile and apparel workers in North Carolina
in the late 1980s and early 1990s. At present I am analyzing
the impact of quotas on US textile imports over the past 20-25 years
and the effect they have had on sources of imports and the commodity
composition of trade. I also remain interested in theoretical
trade and economic integration issues as well as the use of econometric
and computable general equilibrium models in analyzing the effects
of trade policy, particularly in developing countries.
I
teach courses in international economics and economic development
at both the graduate and undergraduate level and serve on a number
of Ph.D. committees in both areas. In addition, I am involved
in periodic revisions of International Economics, an upper level
undergraduate text which I co-author with Dennis R. Appleyard.
I received the JaeYeong Song and Chunuk Park Award for Excellence
in Graduate teaching in the Department of Economics in 1996, and
currently am serving as the Associate Chair/Director of the Undergraduate
Program in Economics.
Recent Graduates
Ngina Chiteji,
Skidmore College
Lewis Davis, Smith College
Sumana Dhar, World Bank
Darrick Hamilton, Yale University
Amber Jessup, US FDA
Roberto Mosheim, University of Puerto Rico
Robert Pakpahan, Ministry of Finance, Republic of Indonesia
Michael Quinn, Bentley College
Saif Rahman, Ohio Wesleyan University
Alicia Robb, Board of Governors of US Federal Reserve System
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