Updated on November 06, 2007

Politics of the Global Economy

GL 363

The purpose of this course is to introduce you the key theoretical approaches and substantive issues of the politics of the global economy. After examining the core theories and concepts of the international political economy (IPE), we will review recent major trends, with a particular emphasis on globalization, as well as the key issues for the future. The subject matter inherently draws attention to the intersection of politics (states) and economics (markets). The overarching focus is thus on how political choices made by state actors alter economic outcomes and, alternately, how the operation of international markets shapes the options available to political leaders.

Professor TERRENCE CASEY OFFICE: Moench A 205
PHONE: 877-8281 RHIT Mailbox: #93
E-Mail: casey1@rose-hulman.edu HOURS:  MTRF, 4th Hour or drop-in.

Professor Casey's Homepage (including links for current events and research)

PDF of the Course Syllabus                 

Links to the PowerPoint slides for the lectures and assignments will be added as the course progresses.

Most of the assigned readings are from Balaam and Veseth, Introduction to International Political Economy, 4th Edition or Baumol. Litan, and Schramm, Good Capitalism, Bad Capitalism. Other readings listed can be downloaded in PDF from the Logan Library's  Academic Search Premier Database. This is available on the drop-down menu of databases on the library's main page. Please note that it is usually easiest to find the article if you search by both author and title.

  TOPICS READINGS
(Weeks 1-4) PART I: THEORETICAL APPROACHES AND CONCEPTS  
  The Commanding Heights, Part I: “The Battle of Ideas” (Video -- Link to Website) Commanding Heights Worksheet
  A. Introduction: What is International Political Economy (IPE)? Balaam and Veseth, Chapter 1

Thomas Friedman, “India v. Indiana: Who is Exploiting Whom?” from The World Is Flat, pp. 203-208. [Handout]

 

  B. Theoretical Approaches  
      1. Liberalism Balaam and Veseth, Chapter 3 and pp. 82-89 (on rational choice)
      2. Mercantilism Balaam and Veseth, Chapter 2
      3. Structuralism Balaam and Veseth, Chapter 4
  C. Concepts  
      1. Trade and the Balance of Payments Balaam and Veseth, Chapter 6
      2. International Monetary Issues and Exchange Rates Balaam and Veseth, Chapter 7
      3. Foreign Debt and Financial Crises Balaam and Veseth, Chapter 8
      4. Transnational Corporations and International   Investment Balaam and Veseth, Chapter 17
      5. Knowledge and Technology Balaam and Veseth, Chapter 10

FIRST EXAM -- Friday, September 21st

EXAM #1 STUDY GUIDE

(Week 5) PART II: THE GREAT TRANSFORMATION – GLOBALIZATION  
  A. What is Globalization? "The Globalization Index" Foreign Policy (November/December) 2006 [Handout]
  B. Is Globalization a Good Thing? TBA
  E. The Future of Globalization

 

Niall Ferguson, "Sinking Globalization," Foreign Affairs (March/April) 2005. [Library]

Rawi Abdelal and Adam Segal, "Has Globalization Passed Its Peak?" Foreign Affairs (January/February) 2007 [Handout]

(Weeks 6-7) PART III: COMPETING MODELS OF CAPITALISM  
  A. The Study of Comparative Capitalism COMPARATIVE CAPITALISM PAPER ASSIGNMENT
  B. The Domestic Sources of Comparative Growth Baumol, Litan, and Schramm, Chapters 1-3

DISCUSSION OVERHEADS

  C. Understanding Different Capitalisms Baumol, Litan, and Schramm, Chapter 4
  D. When Good Capitalism Goes Bad Baumol, Litan, and Schramm, Chapters 5-7
  E. Keeping Capitalism Healthy Baumol, Litan, and Schramm, Chapters 8

SECOND EXAM -- Friday, October 26th

EXAM #2 STUDY GUIDE

(Weeks 8-9) PART IV: STATES AND REGIONS IN THE GLOBAL ECONOMY  
  A. Europe and the Political Economy of Regionalism Balaam and Veseth, Chapter 11

Clive Crook, "Think Again -- Europe," Foreign Policy (July/August) 2007 [Handout]

  B. Japan at the Crossroads Balaam and Veseth, Chapter 12

 

  C. China -- The New Economic Superpower? Survey of China from The Economist [Handout]
  D. India -- High-Tech Hub of the "Hindu Rate of Growth"? Survey of India from The Economist [Handout]
  E. Third World Development and the Growing North-South Gap Balaam and Veseth, Chapter 15
  END OF TERM!!!! THIRD EXAM -- Friday, November 9

EXAM #3 STUDY GUIDE

  F. The Transition from Communism to Capitalism

 

 

Balaam and Veseth, Chapter 14

The Commanding Heights, Part II: “The Agony of Reform” (Video -- IF time allows)

  G. Economic and Political Development in the Middle East Balaam and Veseth, Chapter 14
     
(Week 9-10) PART V: KEY ISSUES FOR THE FUTURE  
  A. Markets and the Environment Balaam and Veseth, Chapter 20

Carl Pope and Bjørn Lomborg, "The State of Nature," Foreign Policy (July/August ) 2005. [Handout]

  B. Markets and Security Balaam and Veseth, Chapter 9
  D. America and the Global Economic Future

Balaam and Veseth, Chapter 21

Adam Segal, "Is American Losing Its Edge?" Foreign Affairs (November/ December) 2004. [Library]

David H. Levey and Stuart S. Brown, "The Overstretch Myth," Foreign Affairs (March/April) 2005. [Library]

THIRD EXAM -- Friday, November 9

        

 

Canadianeh? REMEMBER KIDS.....Canadian baby boomers are to blame for everything that is wrong with the world....