University of Puthisastra

Economic Development
Lecture 1: Introduction

Instructor: Hong Muyheng

October 18, 2016

(Week 1)
Introduction

Instructor: Hong Muyheng

MA: International University of Japan (June, 2014)
BA: Royal University of Law and Economic & IFL
AD: Business Administration (2004-2006)
Ministry of Interior: Chief of Bureau
Interest: Economic Development and Public
Management (Public Services Provision)
Expectation from Class:
Goal for Next 5 Years:
Introduction

Name: ...
Origin: …
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Interest: ...
Expectation from Class: ...
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 Course Syllabus
1. Course Title: Economics Development System (ECON 301)
Instructor : Prof. Hong Muyheng, MA
Telephone : 017 955 752
E-mail : muyheng@iuj.ac.jp

2. Credits : 03
Length : 45 hours (Oct. 17, 2016 – Jan. 28, 2017)
Term : Winter Term 2016-2017
Class Time : Tuesday (07:00-10:20am) (05:30-08:40pm)
Classroom : B17 & B13

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Required Textbook:
Michael P. Todaro., and Stephen C. Smith (2012).
Economic Development, 11th Edition. Boston:
Pearson Education, Inc.

Grade Policy
1. Quiz (2):10%
2. Homework (2): 05%
3. Midterm Exam: 20%
4. Final Exam:40%
5. Group Work/Exercises: 20%
6. Class Participation/Attendant: 05%
7. Extra Credits: 05%
Course Objectives:
-Understanding new comprehensive world processing of
economic development through contemporized case
studies.
-Understanding some development approaches regarding
to many aspects of contemporary economics
development.
-Experiencing higher analytical skills and presentation skills
by adopting better knowledge in global economy and
development problems.
-Digesting and contributing to the common features of
economic development and successful economic
development policies and programs for future implication.
Course Descriptions:
This course is a special design for better
understanding and practicing of today world
economic development. It provides clear and
comprehensive approach that has been so well
received in both the developed and developing
worlds. The unprecedented progress that has been
made in many parts of the developing worlds that
fully confront enormous problems and challenging
are also presented in this book. So students enable
to explore both theories and empirical analysis in
development economics through case studies and
real-life development.
 Course Outlines:
(See the attach course syllabus)

All Class Lectures will be send through email.

 Ch1: Introduction Economic
Development: A Global Perspective
1. How the Other Half Live?
2. Economic and Development Studies
3. What Do We Mean by Development?
4. The Millennium Development Goals
5. The Sustainable Development Goals

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We Divided World Into Two:
1. Rich 2. Absolute Poverty

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1. What are the conditions of the
first half world?

More than enough

Comfortable home Financial security
to eat and clothes

Healthy
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1. How the Other Half Live?

Inadequate foods Maybe not know how

and shelters Poor health to read nor write

The unemployment
Part of a condition of
group with income less
than 2$ per day absolute poverty.
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1. What is the meaning of
absolute poverty?

A situation of people
being unable to the Foods, Clothing,
minimum levels of income

Healthcare, Shelter, Other essentials

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1. How the Other Half Live?
1. Imagine if you are living in the rich family.
2. Then imagine if you are living in the absolute
poverty situation. How do you feel?
• How to make those people have a better life?
• Only Economic Development
• What is the meaning of development?
• The process of improving the quality of all human
lives and capabilities by raising people’s levels of
living, self-esteem, and freedom.

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 What is Economics?
• Economics is the study of:
– How people make choices under conditions of
scarcity
– The results of those choices for better society
– How to make maximize few resources or costing
less money
– How to maximize utility

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Where do we need to develop?

Developing Asia Africa The Middle East

countries

Latin America Eastern Europe Former of

Soviet Union

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2. Economics and Development Studies
• The two nature of economics development:
1. Traditional economics (market efficiency, less cost,
optimal growth, rationality, profit maximization)
2. Political economy (social and institutional process,
view economic in political context, relation b/n
economic and politic)
• So what is economics development?
• The study of how economies are transformed from
stagnation to growth and from low income to high-
income status, and overcome problems of absolute
poverty.
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2. Economics and Development Studies
• So why do we need to study economics development?
1. Understand economies of DNs
2. The issues in those DNs
3. How to deal with those issues
4. Trend of globalization
5. The social economic systems (life, work, authority,
bureaucratic, legal, admins, religion, culture, gov’t
agencies, social class, economic)
• Lets’ see the figure 1.1 about World Income
Distribution.
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3. What Do We Mean by Development?
• How can we measure development?
• Traditional Economic Measures of
Development
1. Income per capita
2. Real per capita of GNI (economic well-
being of a population)
3. GDP & GNI/GNP
4. Productions and unemployment rate
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3. What Do We Mean by Development?
• New Economic Measures of Development
1. ‘’Redistribution’’
2. Capacity in functioning (ability to enhance
standard of living)
3. Real income level
4. Level of Happiness
• Please see the figure 1.2.

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 Three Core Values of Development
1. Sustenance (Ability of meet basic needs):
basic goods and services to sustain average
needs of human being or minimum level of
living.
2. Self-Esteem (To be a person): feeling of
respect, integrity, dignity, and self
determination from society.
3. Freedom (To be able to choose): satisfaction
level of individual enjoys real choices
according to their preferences.
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What Are the Central Role of Women in
Development?
• Women tend be poorer than men;
• Women primarily responsibility to taking care
of children at home;
• Transmission of poverty from generation to
generation;
• Transmission values to the next generation;
• So societies must invest in empowering women
whom has great impact on development.

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The Main Objectives of Development:
1. To increase the availability and widen the
distribution of basic life-sustaining goods: such as
foods, shelter, health, and protection.
2. To raise level of living: including to higher income,
providing more jobs, better education, greater
attention to cultural and human values, and generate
individual and national self-esteems.
3. To expand the range of economic and social choices:
available to individuals and nations by freeing them
from slavery and dependence.

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4. The Millennium Development Goals
• MDGs is a set of 8 goals adopted by the UN in 2000
which targets to be achieved by 2015; but it Fail:
1. Eradicate extreme poverty and hunger
2. Achieve universal primarily education
3. Promote gender equality and empower women
4. Reduce child mortality
5. Improve maternal health
6. Combat HIV/AIDS, malaria, and other diseases
7. Ensure environmental sustainability
8. Develop a global partnership for development a global
partnership for development.
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 5. Sustainable Development Goals
• The UN in September 2015 adapted new SDGs which
targets to be achieved by 2030 within 17 goals.

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THANKS YOU!
សូមអរគុណ!

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