Winter 2011-12
Politics of the Global Economy GS361 |
Professor TERRENCE CASEY | OFFICE: Moench A 209 |
PHONE: 877-8281 | RHIT Mailbox: #93 |
E-Mail: casey1@rose-hulman.edu | HOURS: MTRF, 3rd Hour or drop-in. |
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 and the international
financial crisis. 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.
David N. Balaam &
Michael Dillman, Introduction to
International Political
Economy, 5th
Edition.
Thomas Oatley,
Debates in International Political
Economy. 2ndEdition.
COURSE
REQUIREMENTS:
Your grade for the course will be based on the following --
(A) THREE EXAMS
(65% total). The exams will be on
Tuesday, December 20th and Friday January 27th (20%
each) and a final exam (25%).
Exams
will include a mix of objective and analytical questions, including essays,
drawn from both the readings and the lectures. The format for the final will be
similar to the other two exams, but also include comprehensive essay questions.
(B) DEBATES PAPER
(15%).
At various points in the
course we will be discussing the chapters in Thomas Oatley,
Debates in International Political
Economy, 2nd ed.
Your job in the paper is to explore the respective sides of one of these debates
and make a persuasive argument of your own, which may or may not correspond with
the arguments presented in the text. You may choose any topic in
Debates in International Political
Economy, whether we discuss it in class or not. In order to make your
argument persuasive, you need to provide appropriate factual evidence to support
your claims. (NOTE: You may not, under any circumstances, cite Wikipedia!) All
papers are due no later than
Monday, February 13th (start of 10th
Week).
(C) BOOK REVIEW
(20%).
In order to give
you a more in-depth look at important current debates related to the
international economy, you are required to read and review one of the
following books:
Thomas L. Friedman &
Michael Mandelbaum, That Used to be Us:
How American Fell Behind in
the
World it Invented and How We Can Come Back,
Farrar, Straus, & Giroux, 2011.
Jeremy Rifkin,
The Third Industrial Revolution: How
Lateral Power is Transforming
Energy, the Economy, and the World,
Palgrave Macmillan, 2011.
Mark Steyn,
After America: Get Ready for Armageddon,
Regnery, 2011.
Michael Spence,
The Next Convergence: The Future of
Economic Growth in a Multispeed
World,
Farrar, Straus, and Giroux, 2011.
EARLY BIRD SPECIAL:
If you turn in your paper (book review or
debates paper) by
Monday,
January 9th, you will have the
option to revise and resubmit your paper for a
potentially higher grade. |
Key Dates
First Exam
|
Friday, December 20th
|
Book Review Due |
Monday, January 16th
|
Second Exam
|
Friday, January 28th
|
Debates Paper Due
|
Monday, February 13th
|
Final Exam
|
TBA |
Links to the PowerPoint slides for the lectures and assignments will be added as the course progresses.
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 |
PART I: THEORETICAL APPROACHES AND CONCEPTS
|
|
A.
What is International Political Economy (IPE)?
|
Balaam and Dillman, Chapter 1
|
B.
Theoretical Approaches |
|
1.
Liberalism
|
Balaam and Dillman, Chapter 3 Oatley Chapter 1
|
2.
Mercantilism
|
Balaam and Dillman, Chapter 2 Oatley, Chapter 12
|
|
Balaam and Dillman, Chapter 4 |
C.
Concepts
|
|
1.
Trade and the Balance of Payments |
Balaam and Dillman, Chapter 6
|
2.
International Monetary System
|
Balaam and Dillman, Chapter 7 Oatley, Chapter 11 |
3.
Foreign Debt and Financial Crises
|
Balaam and Dillman, Chapter 8
|
4.
Transnational Corporations and International
Investment
|
Balaam and Dillman, Chapter 17 Oatley, Chapter 8
|
5.
Knowledge and Technology |
Balaam and Dillman, Chapter 10 |
|
|
PART II: GLOBALIZATION AND THE INTERNATIONAL
FINANCIAL CRISIS
|
|
A.
The Origins of Globalization
|
Robert O'Brian and Marc Williams,
Global
Political Economy, 2nd Ed, Chapters 2-4
[Handout]
The
Commanding Heights,
Part I: "The Battle of Ideas" (Video)
|
Andrew McGrew, "The Logics of Globalization," in
John Ravenhill,
Global
Political Economy, 3rd Ed. [Handout] |
|
C.
The Future of Globalization
|
Moises Naim, "Think Again -- Globalization,"
Foreign
Policy, March/April 2009 [Library]
Oatley, Chapter 16 |
|
|
PART III: COMPETING
CAPITALISMS IN THE GLOBAL ECONOMY |
|
A.
The Study of Comparative Capitalisms
|
Terrence Casey, "Mapping Stability and Change in
Advanced Capitalisms,"
Comparative European Politics, July 2009
[Handout] |
B. The Contours of American Capitalism | Anne-Marie Slaughter, "America's Edge: Power in
the Networked Century," Foreign Affairs,
January/February 2009 [Library]. Gideon Rachman, "Think Again -- American Decline," Foreign Policy, January/February 2011 [Library]. |
C. Europe and the Political Economy of Regionalism |
Balaam and Dillman, Chapter 12
|
D.
Japan's The Lost Decade: A Warning for America?
|
Richard Katz, "The Japan Fallacy,"
Foreign
Affairs, March/April 2009 [Library]
|
D. The Rising Powers -- India and China
|
Balaam and Dillman, Chapter 13 Arvind Subramian, "The Inevitable SUperpower," Foreign Affairs, September/ October, 2011 [Library]. Oatley, Chapter 15.
|
E.
Economic and Political Development in the Middle
East
|
Balaam and Dillman, Chapter 14 |
F. Third World Development and the 'North-South Gap |
Balaam and Dillman, Chapter 11
|
|
|
PART IV: KEY ISSUES FOR THE FUTURE |
|
A. Markets and the Environment |
Balaam and Dillman, Chapter 20 Oatley, Chapter 6 |
|
Oatley, Cha[ter 4 |
C. Markets and Energy
|
|
D. Illegal Markets |
Balaam and Dillman, Chapter 15 |