From Poverty to Prosperity: Understanding Economic Development

How can poor societies become prosperous and overcome obstacles to do so? Professor Sir Paul Collier is one of the world's leading scholars on this question, and in this economics course you will have the opportunity to learn from him directly.

This course will discuss and examine the following topics:

• The role of government and the key political, social and economic processes that affect development;
• Why societies need polities that are both centralised and inclusive, and the process by which these polities develop;
• The social factors that are necessary for development, including the importance of identities, norms, and narratives;
• The impact of economic processes on development, including discussion about how government policies can either promote or inhibit the exploitation of scale and specialisation;
• The external conditions for development, including trade flows, capital flows, labour flows and international rules for governance.

Enrol in this course to understand the factors that influence economic development and the different development paths that countries across the world have taken.

Module 1: From Anarchy to a centralised State
Economic development needs polities that are centralised and inclusive. No society starts with such a polity. Starting from anarchy, what determines whether a centralised state emerges?

Module 2: From centralised to Inclusive States
Economic development needs polities that are centralised and inclusive. No society starts with such a polity. What are the factors that develop a centralised state into an inclusive one?

Module 3: Power, Identities and Narratives
Economic development needs an alignment between power and identities. What happens when power and identities are misaligned and how can that misalignment be addressed?

Module 4: Growth through Urbanisation and Industrialisation
Economic development depends upon exploiting scale and specialisation, but poor societies start with neither. How can government policies promote or inhibit the exploitation of scale and specialisation?

Module 5: External Influences: Trade flows, Capital flows, Labour flows, and International Governance Rules
The political, social and economic processes covered in previous modules are fundamentally internal. External influences are peripheral but may still matter, for good or ill.

Module 6: Final Assignment
The details of the final assignment and instructions on how to complete it will be available in this module.