Political Economy in the Global Age

Course description

Three major paradigms are known in the study of International political economy: Liberalism, Mercantilism and Marxism. This course examines the historical development of the international political economic system, the role of multinational corporations in it, and the politics of finance and trade, all from the different perspectives of each of the above paradigms. The course also emphasizes the respective roles of domestic politics and international politics in shaping the world economy. The discussion focuses on, but is not limited to post- WW2 system.

All of the reading assignments are mandatory unless otherwise specified, and can be found in the following books (see more details below):

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition.

Frieden, Jeffry and David Lake (eds.) (1995), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 3^rd edition.

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition

Meeting 1: Introduction

International politics and international economics.

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 1-19 (if you cannot find it try the 4^th edition from 2000, pp. 1-16).

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition pp. 1-20 (if you cannot find it try the 4^th edition from 2010 pp. 1-20, or the 3^rd edition from 2008 pp. 1-21, or the 2^nd edition from 2006 pp. 1-16, or the 1^st edition from 2004 pp. 1-15).

New Gas: http://www.youtube.com/watch?v=iqAX02A9U6Q

Hi-Tech: http://www.youtube.com/watch?v=a0ytInWKL1k

Meetings 2-5: Production and Multi-National Corporations

Relationships between Multi-National Corporations and governments of the North and South. Economic development and the internationalization of production.

Introduction:

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition pp. 158-179 (if you cannot find it try the 4^th edition from 2010 pp. 164-213, or the 3^rd edition from 2008, pp. 166-214, or the 2^nd edition from 2006, pp. 164-213, or the 1^st edition from 2004, pp. 170-217).

Google and the EU: http://www.youtube.com/watch?v=mBxVCMH6-kc

Make multinationals pay tax, UK and others urge G20:

http://www.youtube.com/watch?v=UshBJZKs20Q

Gazprom investigated for breaching EU competitive rules:

http://www.youtube.com/watch?v=J1qoSDHOs9o

The Liberal view:

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 157-168 (if you cannot find it try the 4^th edition from 2000, pp. 145-155). This reading is based on an original paper by Caves from 1982.

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition, pp. 60-68. This reading is based on an original paper by Strange from 1992.

Pepsico: Building a Billion Dollar Global Brand Portfolio:

http://www.youtube.com/watch?v=Qp-QmOjOiEk

Fiat buys Chrysler: http://www.youtube.com/watch?v=mtUPiv2l7D0

Google buys Waze: http://www.youtube.com/watch?v=TTkw1LqPdL0

The Mercantilist view

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 119-138 (if you cannot find it try the 4^th edition from 2000, pp. 109-126). This reading is based on an original paper by Frieden from 1994.

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition, pp. 180-192. This reading is based on an original paper by Hart and Prakash from 1997.

EADS Corporate Video Military Division:

http://www.youtube.com/watch?v=1klu1H28s4s

Angry reaction to EADS job cuts: http://www.youtube.com/watch?v=mUZ-9Evokcg

China's Investment in African Infrastructure: http://www.youtube.com/watch?v=niHun0uuOho

U.S. lawmakers assess Chinese takeover of Smithfield food:

http://www.youtube.com/watch?v=cYQeErURCuc

Petronas Offer Rejected By Canada's Federal Government:

http://www.youtube.com/watch?v=lR0BeAfIwV4

How do companies avoid corporation tax?

http://www.youtube.com/watch?v=Ot5teJrxCc0

The Marxist/social view:

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition, pp. 169-179. This reading is based on an original paper by Fieldhouse from 1986.

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 169-179 (if you cannot find it try the 4^th edition from 2000, pp. 156-166). This reading is based on an original paper by Tarzi from 1991.

Ross, Michael (2001), ‘Does Oil Hinder Democracy’, World Politics, 53, 3, pp. 325-361.

BP Battles Oil Leak in Gulf of Mexico After Rig Sank:

http://www.youtube.com/watch?v=pJNyA4WmJyY

Argentina takes over YPF: http://www.youtube.com/watch?v=SwhQ4MyxdtA

GSK China case raises foreign fears: http://www.youtube.com/watch?v=OqonXRdtUKk

Meetings 6-9: International Trade

Protectionism vs. free trade. The world trade system.

Introduction:

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition pp. 21-44, 58-68 (if you cannot find it try the 4^th edition from 2010 pp. 164-213, or the 3^rd edition from 2008 pp. 22-46 60-70, or the 2^nd edition from 2006 pp. 17-49 55-66, or the 1^st edition from 2004 pp. 18-72).

The Liberal view:

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition, pp. 303-317. This reading is based on an original paper by Coughlin, Chrystal and Wood.

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition, pp. 73-89. This reading is based on an original paper by Kindleberger from 1975.

Medical tourism: Americans traveling for cheaper health care:

http://www.youtube.com/watch?v=UFOUYlLpslo

Rise in UK Whisky exports:

http://www.youtube.com/watch?v=8cXwGfdeVew

soleRebels - Ethiopia:

http://www.youtube.com/watch?v=jweSr9IiuVg

The Mercantilist view

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 23-41 (if you cannot find it try the 4^th edition from 2000, pp. 19-36). This reading is based on an original paper by Krasner from 1976.

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 139-152 (if you cannot find it try the 4^th edition from 2000, pp. 127-139). This reading is based on an original paper by Lake from 1991.

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition pp. 89-110 (if you cannot find it try the 4^th edition from 2010 pp. 94-113, or the 3^rd edition from 2008 pp. 95-114, or the 2^nd edition from 2006 pp. 91-110, or the 1^st edition from 2004 pp. 109-120).

White House Efforts To Relax Gun Exports:

http://www.youtube.com/watch?v=yngLeHU6npw

OPEC OIL EMBARGO - 1973:

http://www.youtube.com/watch?v=VCLRlVxOH-Q

China's rare earth monopoly:

http://www.youtube.com/watch?v=4wPYbSjVrVQ

The Marxist/social view:

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition, pp. 461-470. This reading is based on an original paper by Rodrik from 1997.

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 365-375 (if you cannot find it try the 4^th edition from 2000, pp. 318-326). This reading is based on an original paper by Rogowski from 1989.

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 42-52 (if you cannot find it try the 4^th edition from 2000, pp. 37-46). This reading is based on an original paper by Eichengreen from 1989.

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition, pp. 69-88 (if you cannot find it try the 4^th edition from 2010 pp. 71-93, or the 3^rd edition from 2008 pp. 72-94, or the 2^nd edition from 2006 pp. 68-90 or the 1^st edition from 2004, pp. 75-108).

Bangladesh Disaster Calls Attention to Worldwide Garment Industry:

http://www.youtube.com/watch?v=r21pEvn_tDE

Africa Rethinks China Trade Links:

http://www.youtube.com/watch?v=y0lQybEUcms

Indian court denies cancer drug patent:

http://www.youtube.com/watch?v=21PLbgZpXSo

Meetings 10-13: International Finance

The incompatible triangle. Hegemonic stability and lobbies in the gold standard and Bretton Woods. International capital flows and developing countries..

Introduction:

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition, pp. 225-248 (if you cannot find it try the 4^th edition from 2010 pp. 224-259, or the 3^rd edition from 2008 pp. 225-259, or the 2^nd edition from 2006 pp. 222-258, or the 1^st edition from 2004 pp. 230-265).

Inside the Meltdown:

http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

OECD Reports: World Economy Worse Than Expected:

https://www.youtube.com/watch?v=yB-TxvST7e8

The Liberal view:

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 273-285 (if you cannot find it try the 4^th edition from 2000, pp. 245-256). This reading is based on an original paper by Cohen from 1993.

Frieden, Jeffry and David Lake (eds.) (2000), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 4^th edition, pp. 280-298. This reading is based on an original paper by Goodman and Pauly from 1993.

Eurozone crisis rages on:

https://www.youtube.com/watch?v=mCXS6-6GmjA

The Mercantilist view

Frieden, Jeffry, David Lake and Lawrence Broz (eds.) (2010), International Political Economy: Perspectives on Global Power and Wealth (W. W. Norton) 5^th edition, pp. 246-272 (if you cannot find it try the 4^th edition from 2000, pp. 220-244). This reading is based on an original paper by Eichengreen from 1989.

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition, pp. 273-297 (if you cannot find it try the 4^th edition from 2010 pp. 283-305, or the 3^rd edition from 2008 pp. 283-305, or the 2^nd edition from 2006 pp. 283-306, or the 1^st edition from 2004 pp. 290-311).

Is there a currency war?

https://www.youtube.com/watch?v=tq_xy7N8u-c

Chinese currency overtakes euro in trade

https://www.youtube.com/watch?v=NBuiX-UAD3E

The Marxist/social view:

Frieden, Jeffry and David Lake (eds.) (1995), International Political Economy: Perspectives on Global Power and Wealth (New York: St. Martin’s Press) 3^rd edition, pp. 434-446. This reading is based on an original paper by Broad, Cavanagh and Bello from 1990.

Oatley, Thomas (2014), International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson) 5^th edition pp. 249-262 (if you cannot find it try the 4^th edition from 2010 pp. 260-282, or the 3^rd edition from 2008 pp. 260-282, or the 2^nd edition from 2006 pp. 259-282, or the 1^st edition from 2004 pp. 267-290).

Protesters arrested in Kazakhstan after currency devaluation

https://www.youtube.com/watch?v=lnBtGsFUIAM

Microfinance - Does it really work?

https://www.youtube.com/watch?v=J4wxo5IHpT0

Mark Blyth on Austerity

https://www.youtube.com/watch?v=go2bVGi0ReE

Under Austerity, Greeks Feel Unfolding Humanitarian Crisis

https://www.youtube.com/watch?v=nDy7bJiDtAs

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