Colloquium on Globalization, Economic Development, and Markets

Professor Eleanor Fox and Judge Dennis Davis

Spring 2014
Wednesdays, 2:00-3:50 p.m.
Vanderbilt Hall, Room 208

2 Credits

This colloquium will be devoted to special problems and challenges of developing countries in the global environment. We will explore how markets may benefit and harm developing countries and how forces of globalization can be harnessed to work for economic development. Coverage will involve two dimensions: one, problems and challenges of specific country sets, such as the rapidly emerging developing countries such as China and the very low income developing countries such as in subSaharan Africa; and issue-specific problems, such as poverty and inequality of wealth, corruption, environment, aid, trade and investment, competition law and policy, and institutions. The seminar will explore contrasting theories of economic development, of what is good for developing countries, and of the place of developing countries (of various configurations and aspirations) in the global economic environment. In 9 of the 14 sessions, leading scholars in the area will present papers including works in progress. Students will be assigned to prepare a short reflection paper for several of these sessions. Students must prepare a research paper appropriate for a 2-credit course, or may elect to prepare a longer paper for an additional credit.

Schedule of sessions, as of February 10, 2014

January 22

Opening, with students

January 29

Professor Dani Rodrik, Princeton University
"The Past, Present and Future of Economic Growth"

February 5

Professors Dennis Davis and Eleanor Fox, University of Cape Town and NYU Law
Competition law & policy and developing countries: The Wal-Mart Problem
Excerpt from Fox/Bakhoum, Competition, Africa and the World: Development and Competition in Sub-Saharan Africa
Dennis Davis, Comment on the Wal-Mart Problem
Excerpts from the Wal-Mart judgment, Davis, J., June 2011; read paragraphs 1-17, 91-111, 116-121 and 147-169

February 12


February 19

Professor Frank Upham, NYU Law, and Shitong Qiao, US Asia Law Institute, NYU Law
Land rights, land reform in Cambodia and China: real estate markets without legal titles; land rights without institutional structure
Frank Upham, co-author with Leah Trzcinski, Creating Law from the Ground Up: Land Law in Post-Conflict Cambodia
Shitong Qiao, Small Property, Big Market: A Focal Point Explanation and Planting Houses in Shenzhen: A Real Estate Market without Legal Titles

February 26         

Professor Joel Trachtman, Tufts University
"The Role of International Law in Economic Migration"

March 5        

Professor Ruth Okediji, University of Minnesota Law
"Legal Innovation in International Intellectual Property Relations: Revisiting Twenty Years of the TRIPS Agreement"



March 26

Professor Robert Howse, NYU Law
Sovereign debt crises: Debt relief for poor, burdened states?  for countries saddled with corrupt borrowing/spending by self-enriching dictators? 
Robert Howse and Ruti Teitel, Debt, Dictatorship, and Democratization (April 4, 2011)
The UNCTAD Principles on Promoting Responsible Sovereign Lending and Borrowing (January 10, 2012)
Robert Howse, Concluding Remarks in the Light of International Law, Chapter 17 in Sovereign Financing and International Law: The UNCTAD Principles on Responsible Sovereign Lending and Borrowing (Carlos Espósito, Yuefen Li, and Juan Pablo Bohoslavsky, eds., Oxford 2013)

April 2

Professor Kevin Davis, NYU Law
Corruption and development
Kevin Davis, co-author with Guillermo Jorge and Maíra Rocha Machado, Transnational Anti-Corruption Law in Action:
Cases from Argentina and Brazil

April 9


April 16     

Professor Richard Stewart, NYU Law
Developing countries and the environment
Readings for the session may be found at:

April 23    

Professor William Easterly, NYU Development Research Institute
"The Tyranny of Experts:  how the technocratic approach of the West slights democratic rights of the poor"
A hard copy of the paper is available upon request at

April 30

Students; proposed: student collaborative presentation on cross-cutting country-centered development issues, for example, issues of trade, competition and environment in China, India, South Africa, and one poor low-growth country in Africa or Latin America