Course
description 
- What is the relationship between politics and economics at the
global level?
- Why do governments around the world adopt remarkably similar
economic policies with widely differing effects?
- Is the regional and global integration of political economies
leading to the demise of the nation-state?
- What are the
consequences of globalization for economic development and
inequalities between North and South, men and women, rich and
poor?
This course offers students an advanced introduction to the global
political economy, its historical development, processes, and
contemporary transformations.
Readings
Links are through to the Voyager record. Items are cited according to
the The
Chicago Manual of Style. 15th ed.
Prescribed texts
Required reading
Background reading
- Helleiner, Eric. States
and the Reemergence of Global Finance: From Bretton Woods to the
1990s. Ithaca, NY: Cornell University Press, 1994.
- Klein, Naomi. The Shock Doctrine: The Rise of Disaster Capitalism. Camberwell, Vic.: Allen Lane, 2007.
- Sachs, Jeffrey. The End of Poverty: Economic Possibilities For Our Time. New York: Penguin, 2005.
- Stubbs, Richard, and Geoffrey R. D. Underhill, eds. Political
Economy and the Changing Global Order. 2nd ed. Oxford: Oxford University
Press, 2000.
To get a sense of the issues being debated in global political
economy you should also read the Economist, the Financial Times, or the
New York Times. Archival issues of the Economist are available in the Economist Historical Archive. Full text for the New York Times is available via the Library database Expanded Academic.
Lecture readings
Part One: Theoretical Perspectives
Part Two: Evolution of the Global Political Economy
Part Three: Structures and Agents of the Global Political Economy
Part Four: Globalization and its Social Consequences
Part
One: Theoretical Perspectives
Perspectives on global political economy
Classical theories: economic nationalism, liberalism and Marxism
Neoclassical theories: neoliberal economics and institutionalism
Critical theories: feminist political economy and green perspectives
Perspectives on global political economy
Essential reading
Recommended reading
Classical theories: economic nationalism, liberalism and Marxism
Essential reading
- Crane, George T., and Abla Amawi. "Classical Liberalism." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 55-57. 2nd ed. New York: Oxford University Press, 1997.
- ---. "Marx and the Early Marxists." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 83-85. 2nd ed. New York: Oxford University Press, 1997.
- Marx, Karl, and Friedrich Engels. "The Communist Manifesto." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 86-89. 2nd ed. New York: Oxford University Press, 1997.
- Smith, Adam. "Of the Principle of the Commercial or Mercantile System." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 58-64. 2nd ed. New York: Oxford University Press, 1997.
Recommended reading
- Hamilton, Alexander. "On Imperialism in India." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 37-47. 2nd ed. New York: Oxford University Press, 1997.
- ---. "Report on Manufactures." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 94-97. 2nd ed. New York: Oxford University Press, 1997.
- Lenin, V. I. " 'Imperialism as a Special Special Stage of Capitalism." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 101-106. 2nd ed. New York: Oxford University Press, 1997.
- Ricardo, David . "On Foreign Trade." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 72-82. 2nd ed. New York: Oxford University Press, 1997.
Neoclassical theories: neoliberal economics and institutionalism
Essential reading
Recommended reading
- Friedman, Milton. Introduction and chap. 1 In Capitalism and Freedom. Chicago: University of Chicago Press, 1962.
- Keohane, Robert O., and Joseph S. Nye. "Interdependence in World Politics." In The Theoretical Evolution of International Political Economy : A Reader, edited by George T. Crane and Abla Amawi, 107-122. 2nd ed. New York: Oxford University Press, 1997.
- Klein, Naomi. "The Other Doctor Shock: Milton Friedman and the Search for a Laissez-Faire Laboratory." In The Shock Doctrine: The Rise of Disaster Capitalism. Camberwell, Vic.: Allen Lane, 2007. 49-72.
- Wolf, Martin. "Why a Global Market Economy Makes Sense." Pt. 2 in Why Globalization Works. New Haven, Yale University Press, 2004.
Critical theories: state developmentalism and neogramscian political pconomy
Essential reading
Recommended reading
- Amsden, Alice H. The State and Taiwan's Economic Development." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 193-208. 2nd ed. New York: Oxford University Press, 1997.
- Cox, Robert W. "Global Perestroika." In The Theoretical Evolution of International Political Economy: A Reader, edited by George T. Crane and Abla Amawi, 158-172. 2nd ed. New York: Oxford University Press, 1997.
- ---. "Social Forces, States, and World Orders: Beyond International Relations Theory." In Approaches to World Order, by Robert W. Cox with Timothy J. Sinclair. Cambridge: Cambridge University Press, 1996.
- Gunder Frank, Andre. "The Development of Underdevelopment." In Dependence and Underdevelopment: Latin America’s Political Economy, by James D. Cockcroft, André Gunder Frank, and Dale L. Johnson. Garden City, N.Y., Anchor Books, 1972.
Critical theories: feminist political economy and green perspectives
Essential reading
Recommended reading
-
Bakker, Isabella, and Stephen Gill, eds. Power, Production, and Social Reproduction: Human In/Security in the Global Political Economy. New York: Palgrave, 2003.
- Clapp, Jennifer. "International Political Economy and the Environment." In Palgrave Advances in International Environmental Politics, edited by Michele M. Betsill, Kathryn Hochstetler, and Dimitris Stevis, chap. 6. New York: Palgrave Macmillan, 2006.
- Clapp, Jennifer, and Peter Dauvergne. "Peril or Prosperity? Mapping Worldviews of Global Environmental Change." Chap. 1 in Paths to a Green World: The Political Economy of the Global Environment. Cambridge, Mass.: MIT Press, 2005.
Part
Two: Evolution of the Global Political Economy
The nineteenth century liberal international economy
Interwar protectionism and the Great Depression
The Post-war economic order: Bretton Woods institutions and embedded liberalism
World economic crisis: structural change in the 1970s and after
The nineteenth century liberal international economy
Essential reading
Recommended reading
Interwar protectionism and the Great Depression
Essential reading
Recommended reading
The Post-war economic order: Bretton Woods institutions and embedded liberalism
Essential reading
Recommended reading
- Cox, Robert W. "Pax Americana." 211-267 in Production, Power, and World Order: Social Forces in the Making of History. New York: Columbia University Press, 1987.
- ---. "The World Economic Crisis: Impact on State and World Order Structures." In Production, Power, and World Order: Social Forces in the Making of History. New York: Columbia University Press, 1987.
- Helleiner, Eric. States and the Reemergence of Global Finance: From Bretton Woods to the 1990s. Ithaca, NY: Cornell University Press, 1994. 25-81.
- Ruggie, John Gerard. "International Regimes, Transactions and Change : Embedded Liberalism in the Post-war Economic Order." International Organization 36, no. 2 (Spring, 1982): 379-415. Also available online via the Library database JSTOR.
World economic crisis: structural change in the 1970s and after
Essential reading
Recommended reading
- Biersteker, Thomas J. "The 'Triumph' of Neoclassical Economics in the Developing World: Policy Convergence and Bases of Governance in the International Economic Order." In Governance Without Government: Order and Change in World Politics, edited by James N. Rosenau and Ernst-Otto Czempiel. Cambridge: Cambridge University Press, 1992.
- Cox, Robert W. "The World Economic Crisis : Impact on State and World Order structures." 273-308 in Production, Power, and World Order : Social Forces in the Making of History. New York: Columbia University Press, 1987.
- Helleiner, Eric. States and the Reemergence of Global Finance : From Bretton Woods to the 1990s. Ithaca, NY: Cornell University Press, 1994. 81-145.
Part
Three: Structures and Agents of the Global Political Economy
States and markets
Global trade
Global finance
Transnational production and multinational corporations
Global Reproduction/Care
States and markets
Essential reading
Global trade
Essential reading
Recommended reading
- Krugman, Paul. "What do Undergraduates Need to Know about Trade?" 117-126 in Pop Internationalism. Cambridge, Mass.: MIT Press, 1996. Also available as an e-book via the Library database Ebsco.
- Williamson, John. "The Washington Consensus." In The Political Economy of Policy Reform. Washington DC: Institute for International Economics, 1994.
Global finance
Essential reading
Recommended reading
- Cohen, Benjamin J. "Phoenix Risen: The Resurrection of Global Finance." World Politics 48, no. 2 (1996): 268-296. Available online via the Library Database Project Muse. Click
 to access the full text.
- Strange, Susan. "From Bretton Woods to the Casino Economy." In Money, Power, and Space, edited by Stuart Corbridge, Nigel Thrift and Ron Martin. Oxford: Blackwell, 1994.
- Valdez, Stephen. An Introduction to Global Financial Markets. 5th ed. Basingstoke: Palgrave, 2007.
Transnational production and multinational corporations
Essential reading
Recommended reading
Global reproduction and care
Essential reading
- Hoskyns, Catherine, and Shirin Rai. "Recasting the Global Political Economy: Counting Women’s Unpaid Work." New Political Economy 12, no. 3 (September 2007): 297-317. Available online via Informaworld. Click to access the full text.
- O'Brien, Robert, and Marc Williams. "Gender." Chap. 9 in Global Political Economy: Evolution and Dynamics. Basingstoke: Palgrave, 2004.
Recommended reading
- United Nations Development Program."The Invisible Heart: Care and the Global Economy." Human Development Report 1999: 77-83.
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