This course provides a comprehensive understanding of the intertwined concepts of capitalism and international development in the global economy. The module is divided into 2 parts; (1) international development of developed economies and (2) international development of developing and emerging economies. Capitalism has played a significant role in international development- however, this has generated positive and negative effects. On one hand, we see how capitalism has led to substantial economic growth and better standards of life in countries that are now developed. On the other hand, capitalism is also associated with the increase in inequality and other societal and environmental issues.
The module will enable an in-depth analysis of the central issues associated with the economics and policies of international development and will provide an insight into problems, challenges and recent trends in international development as well as i dentify future policy directions.