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The aim of this course is to examine the politics of international economic relations. Government decision-making in areas such as trade policy, exchange rates, and financial flows is influenced not only by economic factors but also by political processes within and among countries. Only by systematically analyzing these political processes we can understand and explain the actual patterns of economic exchange that we observe – both today and throughout history. This course begins with a discussion of analytical “lenses” through which we can view the global economy. It then examines the politics of trade policy, the internationalization of production, international monetary and financial relations, Third World development, and the debate over globalization. Along the way, we will discuss the proper role of international monetary and financial institutions and the impact of the global economy on the ability of governments to make policy within their own borders.
This course provides the analytical knowledge and practical skills to understand the dynamics of international political economy. It addresses a wide range of policy-relevant issues: (i) the multilateral trading system (ii) trade policy, (iii) trade and development (iv) Foreign direct investment and multinational corporations, (v) the international monetary system; (vi) International financial institutions and globalization and (vii) global economy.
At the end of the course students are expected to: 1.
Name and identify the
main concepts, actors and institutions of international political economy. 2.
Discuss and understand the major theoretical
approaches of international political economy. 3.
Systematically analyze political processes in order to
understand and explain the actual patterns of economic exchange that we observe
– both today and throughout history. 4.
Examine the politics of trade policy, the
internationalization of production, international monetary and financial
relations, Third World development, and the debate over globalization. 5.
Discuss the proper role of international monetary and
financial institutions and the impact of the global economy on the ability of
governments to make policy within their own borders. 6. Discuss
and understand what roles the international financial and trading institutions,
conceived in Bretton Woods, played in global configurations of economic and
political power. 7. Understand
the determinants of global development and underdevelopment in various parts of
the globe. 8.
Interpret the present dynamics of international
relations by examining the relationship between the trade policies of countries
and the global competition for markets. 9.
Locate these approaches and determinates within a socio-political
context. 10. Understand
the positive and negative externalities of globalization on the global economy.
- Teacher: Assist. Prof. Dr. Afet Pulhan