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Thread: Should I get an advanced degree in Econ if I want to learn how to develop?

  1. #11
    An Urch Guru Pundit Swami Sage
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    Re: Should I get an advanced degree in Econ if I want to learn how to develop?

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    Guessing from what you've said thus far, you don't actually seem to have any background in economics. Are you a sociology or anthropology major?

  2. #12
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    Re: Should I get an advanced degree in Econ if I want to learn how to develop?

    Quote Originally Posted by fmill019 View Post
    Sorry but are you sure about this? I just got through meeting two economists who work at the IMF who just released a book studying how best to develop the Caribbean as a regional economic super-power! They trekked everything from how to deal with crime, to different energy sources each Caribbean country should tap into to make their region more competitive with the rest of the world.

    Both of them were PhD Economists.
    You said "Should I get an advanced degree in Economics if I want to learn how to develop and grow [an economy]?"

    Writing an analytical book is not even close to the same thing. It's like the difference between making an iphone and making a youtube review of an iphone.

    If you want to learn how to analyze, interpret, and evaluate policy and how to causally identify road blocks to development then you need serious training. Actually doing boots-on-the-ground development work, rather than analyzing what others are doing, is a totally different thing (and the way you asked your question, it seemed like you wanted to do the boots-on-the-ground stuff).

    In either case, a PhD in Economics is not the best route. Get an MPA with a focus on technical skills and you'll be better off. Why waste 6 years in grad school when you could be out there making the world a better place by analyzing the efforts of others?

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    Re: Should I get an advanced degree in Econ if I want to learn how to develop?

    Based on what I read you seem to be interested in the practical side of things. If so, a PhD in Economics is NOT what you want to pursue. Posters above who said otherwise are doing you a disservice. Pick some famous development economist who publish well (Duflo, among others - this is not my field so I have no idea). Do you see them actually make policies? The answer is no, because that's not their job. They may design field experiments that seem to be policy-relevant, but their end goal is to publish, not to "develop and grow (improve the livelihoods) an impoverished region in the world and turn it into a regional super-power, either a city, a state, or a country"

    Given your goal, the best bet is to do a master's degree in public policy or global affairs. Many schools give funding (some even offer full tuition scholarships and stipends) for that, especially if you're from a developing country.
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    Re: Should I get an advanced degree in Econ if I want to learn how to develop?

    Anyway just wanna say I just got back to TM for a few weeks. tm_member is as wise as ever.
    Come chat at http://tinychat.com/peot guys Share the anxiety/frustration/excitement/etc. about the admission process!!!

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    Re: Should I get an advanced degree in Econ if I want to learn how to develop?

    Quote Originally Posted by applicant12 View Post
    Anyway just wanna say I just got back to TM for a few weeks. tm_member is as wise as ever.
    Why do I even...?

    :-)

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    Re: Should I get an advanced degree in Econ if I want to learn how to develop?

    I'm starting to think the alias "tm_member" is belittling to his stature at this point. Really deserves some kind of honorific besides "member". Maybe "guru".

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    Re: Should I get an advanced degree in Econ if I want to learn how to develop?

    Quote Originally Posted by chateauheart View Post
    I'm starting to think the alias "tm_member" is belittling to his stature at this point. Really deserves some kind of honorific besides "member". Maybe "guru".
    Tried that, didn't work out too well!

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