Your answer should be typed, 6-8 double-space pages, and include a source citation for any ‘outside’ examples. No title pages, please: just put your name on the top of the first page. Answer ALL of the following questions in one continuous essay.
Due Thursday, December 18.
1. Banerjee & Duflo note there are two basic approaches to developmental economics: the supply-wallah side, often associated with Sachs, and the demand-wallah side, associated with Easterly. Describe each of these sides, and describe how each would approach a specific problem in TWO of the following fields a) hunger; b) public health; c) education; d) family planning;.
2. I noted in class that the risk management techniques of the very poor are different from those with more resources, in particular with regard to buffers, barriers, and liquidity. Discuss why each of these matters, and specific ways the poor may manage each of these issues.
3. What are some of the explanations offered as to why countries are poor? How does the work of Banerjee & Duflo fit into or respond to these various explanations? Which explanation(s), covered in both chapter 10 and in lecture, make the most sense to you? Why?
4. Banerjee & Duflo argue that politics is an obstacle to, rather than a way to enable, good policy—a view at odds with Crick’s insistence on the role of politics in creating the conditions for a good life. Explain why Banerjee & Duflo’s (or any) “anti-political” approach might be the best way to deal with entrenched social problems such as poverty, discrimination (of any sort), cultural conflict, etc. Then, relying on Crick, explain how an expressly political approach could work best. Which approach—anti-political, political, or combination—would you recommend to deal with such problems? Explain.