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I. Introduction to Political Economy: The International Context
A. The Central Issues (January 16, Lecture 1)
Barber, Benjamin. “Jihad Vs. McWorld”
Samuel Huntington "The Clash of Civilizations"
Fukuyama, Francis, “Have We Reached the End of History?”
Francis Fukuyama, "Has History Restarted since September 11?"
Students Are Leaving the Politics Out of Economics NYT Jan 27, 2006

Recommended:
* Mauro Guillen, "Is Globalization Civilizing, Destructive, or Feeble?

B.States and Markets (January 18 Lecture 2)
* Robert Gilpin with Jean Gilpin, “The Nature of Political Economy in The Political Economy of International Relations (Princeton: Princeton University Press), pp. 25-45.
* Lindblom, Charles E. “The Market as Prison” Journal of Politics 44 http://www.nau.edu/~envsci/sisk/courses/env555/Readings/lindblom1.pdf


Recommended:
Seán Ó Riain, "STATES AND MARKETS IN AN ERA OF GLOBALIZATION" Annual Review of Sociology Vol. 26: 187-213 (August 2000)

II. Conceptual Approaches to International Political Economy

A. Liberalism (January 23 Lecture 3)
*Michael Doyle, “Liberalism and World Politics”
· Stephen Holmes, "The Liberal Idea" in The American Prospect, Fall 1991, Vol. 84.
· Milton Friedman, Capitalism and Freedom (Chicago: Univ. of Chicago Press), 1962, pp. 1-36.
* Peter Marber "Globalization and Its Contents"
· Hayek, Friedrich. 1945. “The Use of Knowledge in Society” in American Economic Review 35. Reprinted 1977.
· Ronald Coase, “The Problem of Social Cost” Journal of Law and Economics 3 1-19 only.

B.Critiques of Liberalism I: Distributive Justice (January 25 Lect. 4)
· Amarta Sen, 1999 “”Global Justice: Beyond International Equity” in Inge Kaul et al, eds., Global Public Goods, (Oxford University Press).
· John E. Roemer 1994 “A Future for Socialism” Politics and Society 22, 451-78.
* Marx and Engels, "Manifesto of the Communist Party"
*Stephen Hymer, "International Politics and International Economics: A Radical Approach"

C Critiques of Liberalism II: Community and Economic Nationalism(January 30 Lecture 5)
· Albert Hirschman, National Power and the Structure of Foreign Trade (Berkeley: Univ. of Cal. Press), 1980, pp. 3-52.
*Jacob Viner, "Power vs. Plenty as objectives of foreign policy
· Philip Selznick, “Social Justice: A Communitarian Perspective.”
* Robert Gilpin, "The Nationalist Perspective"
*Kenneth N. Waltz. 2000. "Structural Realism after the Cold War." International Security 25(1): Read only pages 5-13


III.The Roots of Globalization

A. What is Hegemony and Why does it Matter? The Crisis of Liberalism and the Lessons of the Great Depression (Lecture 6 February 1)
* Kindelberger, Charles The World in Depression 1929-1939 Berkeley: Univ. of Cal. Press, 1973. 291-308.
Barry Eichengreen, “The Origins and Nature of the Great Slump Reconsidered,” Economic History Review, Vol. 45, No. 2, pp. 213-239.
* Jeff Frieden, "Sectoral Conflict and Foreign Economic Policy, 1914-1940," International Organization 42(1), Winter 1988, pp. 59-90.
* John Maynard Keynes, "The Economic Consequences of the Peace." (New York: Harcourt, Brace) 1920, pp. 252-298.
* Roosevelt’s Inaugural Address, 1933.

Recommended:
* Devine, James. The Causes of the 1929-33 Great Collapse: A Marxian Interpretation, Economics Department of Loyola Marymount University

B. Hegemonic Stability After World War II : A New Liberalism is Born (Feb. 6 Lecture 7)
* Olsen, Manchur, from The Logic of Collective Action, "Group Size and Group Behavior"
*John Ruggie, "International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order," International Organization 36, Spring 1982, pp. 194-230.
· Robert Keohane, "The Theory of Hegemonic Stability and Changes in International Economic Regimes," in Ole R. Holsti, et. al. (eds), Change in the International System (Boulder, CO: Westview), 1980, pp. 131-162.

Recommended.
* Peter Temin, “The Golden Age of European Growth Reconsidered,” European Review of Economic History, Vol. 6, No. 1, pp. 3-22.
* Brad De Long and Barry Eichengreen, “The Marshall Plan: History’s Most Successful Structural Adjustment Program,” in Postwar Economic Reconstruction and Lessons for the East Today (Cambridge: MIT Press), pp. 189-230.

C. The postwar political management of the International Economy
1) Exchange Rates and Finance (Lecture 8: Feb. 8)
*Eichengreen, Barry “Hegemonic Stability Theories of the International Monetary System” Frieden and Lake, 3rd ed., 1995
http://emlab.berkeley.edu/users/eichengr/research/c96-80.pdf
*Benjamin J. Cohen, "A Brief History of International Monetary Relations," in Frieden and Lake, 1991, pp. 234-254.

2) Trade and Production I (Lecture 9: Feb. 13)
*Stephen Krasner, “State Power and the Structure of International Trade,” World Politics, Vol. 28, No. 3, pp. 317-347.
* Keohane, Robert and Joseph Nye Power and Interdependence 1989 Chapter 1.
*Kenneth Waltz, "Structural Realism after the Cold War" pp. 14-18
Raymond Vernon, "International Investment and International Trade in the Product Cycle," in Jeffrey A. Frieden and David A. Lake (eds.) International Political Economy: Perspectives on Power and Wealth (New York: St. Martin's), 1987, pp. 174-186.

Recommended
* Keohane, Robert and Joseph Nye, "Power and Interdependence in the Information Age,” Foreign Affairs, v.77 no.5, Sept/Oct 1998 available at
http://www.ksg.harvard.edu/prg/nye/power.pdf

1st Newspaper Assignment Due: Conceptual biases in the Press.
(Due Feb. 22)

3) . Trade and Production II (Lecture 10 Feb. 15)
· Robert Gilpin, “Multinational Corporations and International Production” in Robert Gilpin, The Political Economy of International Relations (Princeton Univ. Press, 1987).
* Peter Evans, “National Autonomy and Economic Development: Critical Perspectives on Multinational Corporations in Poor Countries,” International Organization, Vol. 25, No. 3, pp. 675-692.

Recommended:
James R. Markusen. 1995. "The Boundaries of Multinational Enterprises and the Theory of International Trade." Journal of Economic Perspectives 9(2): 169-189.
· * Geoffrey Garrett, “The Causes of Globalization,” Comparative Political Studies, Vol. 33, No. 6-7, pp. 941-991.

IV. North South Relations
A. Liberal Explanations for Economic Development (Lecture 11: Feb. 20)
· Rostow, W.W. “The Take-off” The Stages of Economic Growth Cambridge: Cambridge Univ. Press, 1960. 36-58. .

B. Distributive Justice, Economic Nationalism and explanations for Underdevelopment (Lecture 12 Feb. 22)
Galtung, Johan “A Structural Theory of Imperialism” Classics of International Relations, 2nd ed. Ed. John A. Vasquez Englewood Cliffs, NJ: Prentice-Hall, 1990. 248-253.
· Wallerstein, Immanuel “The Rise and Future Demise of the World Capitalist System: Concepts for Comparative Analysis” Comparative Studies in Society and History, 16 1974. 387-415.
· Krasner, Stephen D., Structural Conflict: The Third World Against Global Liberalism Berkeley: Univ. of Cal. Press, 1985 3-25.

C. The Politics of Food: Which Concepts explain the most? (February 27)

Midterm March 1

D. Institutional Arguments, Theories of Dependent Development, and the "Values" Debate (Lecture 13 March 6)
·Gerschenkron, Alexander Economic Backwardness in Historical Perspective Harvard Univ. Press: 1962.
* World Development Report 2002 Chapter One

· Evans, Peter Dependent Development: The Alliance of Multinational, State and Local Capital in Brazil Princeton Univ. Press: 1994. Chapter 6
Culture Is Destiny; A Conversation with Lee Kuan Yew
*Amartya Sen Human Rights and Asian Values: What Lee Kuan Yew and Le Peng don't understand about Asia

Recommended
*Dani Rodrik, Arvind Subramanian and Francesco Trebbi, “Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development,” NBER Working Paper 9305.
*Dani Rodrik, "Growth and Poverty Reduction: What Are the Real Questions?" August 2000
*Dani Rodrik, "A Practical Approach to Formulating Growth Strategies," December 2004
*Nancy Brune and Geoffrey Garrett
The Globalization Rorschach Test: International Economic Integration, Inequality and the Role of Government" November 2004


E. Why Do Some Regions Develop and others Don't? (Lecture 14 March 8)
· Bruce Cummings, "The Origins and Development of the Northeast Asian Political Economy: Industrial Sectors, Product Cycles, and Political Consequences" in F. Deyo (ed.) The Political Economy of the New Asian Industrialism (Ithaca, NY: Cornell Univ. Press), 1987, pp. 44-83.
* Daron Acemoglu, Simon Johnson and James Robinson, “The Colonial Origins of Comparative Development: An Empirical Investigation,” American Economic Review, Vol. 91, No. 5, pp. 1369-1401.
* Dani Rodrik, "The Developing Countries' Hazardous Obsession with Global Integration" January 8, 2001

F. Case Studies of Crisis and Success (Lecture 15 March 13)
· Sachs, Jeffrey and Wing Thye Woo “The Asian Financial Crisis: What Happened, and What is to be Done” William Davidson Institute Working Papers Series 1999.
· Frankel, Jeffrey “The Asian Model, the Miracle, the Crisis, and the Fund” US International Trade Commission. April 16, 1998 http://ksghome.harvard.edu/~.jfrankel.academic.ksg/eacritc.pub.pdf
· Joseph Stiglitz, “The Insider: What I learned at the world economic crisis,” The New Republic, April 17-24, 2000.
Krugman, Paul, “The Return Depression Economics” Foreign Affairs 78.1 Jan/Feb 1999 http://www.pkarchive.org/crises/depression.htm

Jomo K.S. GROWTH AFTER THE ASIAN CRISIS: WHAT REMAINS OF THE EAST ASIAN MODEL? 2001

V.The Political Economy of Globalization

A. Does Globalization enhance or detract from American Power?(Lecture 16 March 15)
*Paul Kennedy, The Rise and Fall of the Great Powers (New York: Random House), 1987, pp. 438-446 and 514-535.
* David C. Hendrickson, "The Curious Case of American Hegemony
Imperial Aspirations and National Decline" World Policy Journal, Summer 2005
* Arthur Schlesinger Jr. "The American Empire? Not So Fast," World Policy Journal, Summer 2005
* Clark S. Judge, "Hegemony of the Heart," Policy Review, No. 110 (December 2001/January 2002)

B. Challenges from Rising Powers (Lecture 17, March 20)
+Kenneth Waltz, "Structural Realism after the Cold War" pp. 27-41
The "United States of Europe" from Jeremy Rifkin, The European Dream, Tarcher/Penguin, 2004, Chapter 9, pp. 197-213.
* Charles Hutzler, "China May Be on Course To Overtake U.S. Economy," The Wall Street Journal, January 24, 2005

Recommended:
*James Hoge, "A Global Power Shift in the Making" Foreign Affairs 2004

C. Does Globalization lead to World Integration or Fragmentation?(March 22 Lecture 18, Ed Fogarty)

*Steve Weber and John Zysman "The Risk that Mercantilism will define the next Security System” in Wayne Sandholz, et. al. The Highest Stakes: The Economic Foundations of the Next Security System, (Oxford University Press, 1992) pp. 167-196.
*Dani Rodrik, “How Far will International Economic Integration Go?,” Journal of Economic Perspectives, Vol. 14, No. 1, pp. 177-186.
*Vinod Aggarwal "The Future of the Liberal Trading Order" CGES Working Paper 2.5
* The New Wave of Regionalism Edward D. Mansfield; Helen V.Milne International Organization, Vol. 53, No. 3. (Summer, 1999), pp. 589-627.
*Hugh De Santis, "The Dragon and the Tigers: China and Asian Regionalism," World Policy Journal, Summer 2005
Endangered Domain: In Threat to Internet's Clout, Some Are Starting Alternatives Wall Street Journal, January 19, 2006

Spring Break: Week of March 27
VII. Globalization and Theoretical Challenges

A. Domestic consequences of Globalization: A Critique of Liberalism?
Domestic Economic Consequences for the U.S. (Lecture 19 April 3)
*Robert Reich "Who is Us?"
*Jeff Frieden, "Invested Interests: The Politics of National Economic Policies in a World of Global Finance" in International Organization (Autumn 1991) Vol. 45, No. 4. pp. 425-451.

B. Does the World Still Need a Hegemon?(April 5Lecture 20)
*Kenneth Waltz, "Globalization and Governance"
*Jeffrey Williamson, “Winners and Losers over two Centuries of Globalization,” NBER Working Paper No. 9161.
*C. Fred Bergsten, "Fifty Years of the GATT/WTO:
Lessons from the Past for Strategies for the Future"
http://www.iie.com/publications/wp/1998/98-3.htm

2) Internal Political Conflict: Globalization and the "Clash of Civilizations?" (Lecture 21: April 10)
· Beverly Crawford "Globalization and Cultural Conflict: An Institutional
Approach" World Cultures Yearbook 2007
· Fareed Zakaria “The Rise of Illiberal Democracy”

Second Newspaper Assignment Due April 10

C. Revisiting the “End of History”
1)The Relationship between Markets and Democracy (Lecture 22 April 12)
Peter Gourevitch, "Democracy and Economic Policy: Elective Affinities and Circumstantial Conjunctures." pp. 1-26.
· Peter Evans, "The State as Problem and Solution: Predation, Embedded Autonomy, and Structural Change," in Haggard and Kaufman, pp. 139-181.
Williamson, John, "Did the Washington Consensus Fail?"

Recommended
World Development Vol. 21, No. 8 August 1993. Special Issue: "Economic Liberalization and Democratization: Exploration of the Linkages."

Second Midterm Distributed April 12

2) Globalization and Transition(Lecture 23 April 17)
*Crawford, Beverly “Markets, States, and Democracy: Radical and Gradualist Alternatives in the Transformation of Post-Communist Regimes” Markets, States, and Democracy Ed. Beverly Crawford Westview, 1995.
*Janos Kornai, “What the Change of the System From Socialism to Capitalism Does and Does Not Mean,” Journal of Economic Perspectives, Vol. 14, No. 1, pp. 27-42.
*Stanley Fischer and Ratna Sahay, “The Transition Economies After Ten Years,” NBER Working Paper No. 7664.

D. Globalization and The Transformation of Capitalism? (Lecture 24 April 19)
* Soros, George “The Capitalist Threat” Atlantic Monthly 279. 2 February 1997 http://www.mtholyoke.edu/acad/intrel/soros.htm

E. Globalization's Impact on the Planet: The Political Economy of Resources and the Environment
1.) Globalization and Energy (Lecture 25: April 24)

2.) Globalization's impact on the Environment in Developing Countries: The Global Dumping Grouond (April 26)

3) . Environmental Scarcity and The political economy of Climate Change (Lecture 26 May 1)
· Roberto Sanchez 1994 “International Trade in Human Wastes: A global problem with uneven consequences for the third world” in Journal of Environment and Development 3:1 pp. 137-152.

Douglas A. Kysar & Ya-Wei Li, Regulating from Nowhere:
Domestic Environmental Law and the Nation-State


VII. Conclusions
A New Paradigm for Political Economy? (Lecture 27 May 3 )
Ruggie, John "Taking Embedded Liberalism Global: The Corporate Connection"
Amartya Sen "Development Approaches: Contrast and Convergence"
* Geoffrey Garrett, “Global Markets and National Politics: Collision Course of Virtuous Circle?,” International Organization, Vol. 52, No. 4, pp. 787-824.

B. Conclusions and Final (May 8)