About This Course
This combined regular and online course is designed for students to understand the concept and process of economic development using the relevant economic theories and models. To the extent development process involves social, political, institutional, historical and cultural aspects, the role of these non-economic factors and their interactions with economic approaches are discussed. Research in development economics ranges from macroeconomic theme (fiscal, monetary, industrialization, productivity, etc) to more micro subjects (infrastructure, institutions, family decision, etc) and external factors (capital flows, international cooperation, global institutions, etc).
Central to all topics are the policy implications and the corresponding impact analysis. Given the breadth of coverage, a selective approach is taken, and cases in developing countries including Indonesia will be used.
*This course is also available in Bahasa Indonesia
Professor Iwan Jaya Azis, Cornell University and Universitas Indonesia as the main instructor is supported by 3 visiting professors namely:
1. Professor Emil Salim, Universitas Indonesia
2. Professor Ralph D. Christy, Cornell University
3. Professor Budy P. Resosudarmo, Australian National University
Their curriculum vitaes follow:
Professor Iwan Jaya Azis
Cornell University and Universitas Indonesia
He has been teaching at Cornell University since 1992 and Universitas Indonesia since 1977. He was the Director of Graduate Study at the Regional Science Program and adjunct professor at the Johnson Graduate School of Management before he took a leave to head the Asian Development Bank’s Office of Regional Economic Integration (OREI). He is now professor (adj), Charles H. Dyson School of Applied Economics and Management at Cornell and professor of economics at the Faculty of Economics and Business, Universitas Indonesia
In early 1998, he spoke before the Joint Economic Committee (JEC) of the US Congress on the Asian Crisis. His main research interest is on macro-financial economics and regional economic modeling and institutions. He has conducted research and consulting work for various international organizations, governments and universities, and published numerous books and articles on current development issues, the latest of which are:
“Capital Market in the Context of Financial Safety Nets”in Asian Capital Market Development and Integration: Challenges and Opportunities, Oxford University Press, 2014;
“Global Shock, Asian Vulnerability and Financial Reform,” Edward Elgar 2014
“Integration, Contagion, and Income Distribution” in Regional Science Matters, Springer, 2015
"ASEAN’s Need to Rebalance: More Regional than Global?” in Transpacific Rebalancing, Brookings Institution Press, 2015
“Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—an Asian Perspective,” Springer 2015
“Four-G Episode and the Elevated Risks,” Asia Pacific Economic Literature, John Wiley & Sons, 2016
He obtained his Bachelor in economics from the Universitas Indonesia (1976); Ph.D (1982) and Master’s degree (1981) in Regional Science and Economics from Cornell University.
Professor Emil Salim
Professor Emil Salim is an economic and environmentalist of Indonesia. He has been awarded a professorship since 1975 and currently, he is a Professor from the Faculty of Economics and Business Universitas Indonesia. He earned a doctorate in economics from the University of California, Berkeley, USA. Various positions at the top level of ministry institutions have been carried out, including as State Minister for the Improvement and Cleanup of State Apparatus and concurrently Deputy Head of Bappenas (1971-1973), Minister of Transportation (Development Cabinet II, 1973-1978), State Minister of Development and Environment Supervision Development (Development Cabinet III, 1978-1983) and State Minister of Population and Environment (Development Cabinet IV and Development Cabinet V, 1983-1993).
Professor Emil Salim's expertise gained international recognition. Professor Emil Salim was a member of the Advisory Board of the President of the Asian Development Bank and member of the Asia Forum on Environment and Development. He was awarded the title of Doctor Honoris Causa from University Kebangsaan Malaysia and Institut Teknologi Bandung.
In addition to academic awards, Professor Emil Salim is the recipient of the Golden ARK (Commandeur) of the Netherlands, Paul Getty Award from the United States, The Hamengkubuwono IX Award from Universitas Gajah Mada, the Zayed Prize for Environmental Action Leading to Positive Change in Society, and the Blue Planet Asahi Prize Award. During his tenure in government, many of the changes that Professor Emil Salim initiates, among them are the concept of budget prioritization and implementation, capacity building, leaders' education on the economy, community service reforms, and the initiation of intercultural communication between ministries. Professor Emil Salim contributed greatly to escorting the transition of a centralized economic system, overshadowed by military rule, to a more open and democratic market economy system.
Professor Ralph D. Christy
Ralph D. Christy is Director of CIIFAD and Professor of Emerging Markets at Cornell University, where he teaches and conducts food marketing research and educational programs on the economic performance of markets and distribution systems. He has advised industry leaders and public policy makers on food marketing strategies, economic development, and the organization of the global food economy. A Ph.D. graduate of Michigan State University’s Department of Agricultural Economics, Christy is past President of the American Agricultural Economics Association, and is currently a Board Member of the Winthrop Rockefeller Foundation, WinRock International, and the Agribusiness Capital Fund. He is the author of three books, A Century of Service: Land Grant Colleges and Universities, 1890-1990(1992); Achieving Sustainable Communities in a Global Economy (2004); and Emerging Markets (forthcoming). His most recent research calls attention to the role of creating an enabling environment for accelerating agro-industries’ contributions to sustain economic growth and development.
Professor Budy P. Resosudarmo
Australian National University
Budy P. Resosudarmo is a developmental and environmental economist working on the economy-wide impact of economic and environmental policies on household incomes, analysing the impact of fiscal decentralization policies on local economies, and investigating the political economy of natural resource utilisation. He is also interested in research assessment using spatial and inter-regional modelling techniques. He currently collaborates with several Indonesian research institutes, researching various developmental and environmental issues in Indonesia, particularly in Eastern Indonesia.
Budy is the president of the Regional Science Association International, member of the Director Board of the East Asian Association of Environmental and Resource Economics (EAAERE) and member of the Advisory Committee of the Economy and Environment Institute-Indonesia (EEI-Indonesia).