Readings

Required Texts

All readings in this course are from the following three texts.

Frieden, Jeffry A., and David A. Lake, eds. International Political Economy: Perspectives on Global Power and Wealth. 4th ed. Belmont, CA: Wadsworth, 1999. ISBN: 9780312189693.

Oatley, Thomas. International Political Economy: Interests and Institutions in the Global Economy. 2nd ed. New York, NY: Pearson Longman, 2005. ISBN: 9780321355669.

Stiglitz, Joseph E. Globalization and Its Discontents. New York, NY: W.W. Norton, 2003. ISBN: 9780393324396.

Readings by Session

Course readings.
SES #	TOPICS	READINGS
Analytical perspectives
1-2	Introduction: Markets and politics	Oatley, chapter 1, pp. 1-16. Frieden and Lake Introduction, pp. 1-16. North, Douglass. "Institutions and Economic Growth: A Historical Introduction." pp. 47-59. Strange, Susan. "States, Firms, and Diplomacy." pp. 60-68.
International trade
3-4	Overview of the multilateral trade system	Oatley, chapters 2 and 3, pp. 17-67. Frieden and Lake Krasner, Stephen. "State Power and the Structure of International Trade." pp. 19-36. Kindleberger, Charles. "The Rise of Free Trade in Western Europe." pp. 73-89. Lake, David A. "British and American Hegemony Compared: Lessons for the Current Era of Decline." pp. 127-140.
5-6	Trade policy: Analytical perspectives	Oatley, chapters 4 and 5, pp. 68-110. Frieden and Lake Gourevitch, Peter. "International Trade, Domestic Coalitions, and Liberty: Comparative Responses to the Crisis of 1873-1896." pp. 90-108. Eichengreen, Barry. "The Political Economy of the Smoot-Hawley Tariff." pp. 37-46. Coughlin, Cletus C., K. Alec Chrystal, and Geoffrey E. Wood. "Protectionist Trade Policies: A Survey of Theory, Evidence, and Rationale." pp. 303-317.
7-8	Trade policy: Empirical studies	Frieden and Lake Rogowski, Ron. "Commerce and Coalitions: How Trade Affects Domestic Political Alignments." pp. 318-326. Alt, James E., and Michael Gilligan. "The Political Economy of Trading States: Factor Specificity, Collective Action Problems, and Domestic Political Institutions." pp. 327-342. Freeman, Richard B. "Are Your Wages Set in Beijing?" pp. 343-352. Mansfield, Edward D., and Marc L. Busch. "The Political Economy of Nontariff Barriers: A Cross-national Analysis." pp. 353-365. Cox, Ronald W. "Explaining Business Support for Regional Trade Agreements." pp. 366-376. Re-read pp. 19-46.
9	Review for exam	(no readings)
10	Trade and development	Oatley, chapters 6 and 7, pp. 111-163.
11	In-class examination	(no readings)
Money and finance
12-13	Foreign direct investment and the multinational corporation	Oatley, chapters 8 and 9, pp. 164-213. Frieden and Lake Section overview, pp. 141-144. Caves, Richard. "The Multinational Enterprise as an Economic Organization." pp. 145-155. Tarzi, Shah. "Third World Governments and Multinational Corporations: Dynamics of Host Bargaining Power." pp. 156-166. Fieldhouse, David. "'A New Imperial System'? The Role of the Multinational Corporations Reconsidered." pp. 167-179.
14	The international monetary system	Oatley, chapters 10 and 11, pp. 214-258. Frieden and Lake Section overview, pp. 193-197. Broz, Lawrence. "The Domestic Politics of International Monetary Order: The Gold Standard." pp. 199-219.
15-16	Exchange rate politics	Oatley, Chapters 12 and 13, pp. 259-306. Frieden and Lake Eichengreen, Barry. "Hegemonic Stability Theories of the International Monetary System." pp. 220-244. Cohen, Benjamin J. "The Triad and the Unholy Trinity: Problems of International Monetary Cooperation." pp. 245-256. Goodman, John, and Louis Pauly. "The Obsolescence of Capital Controls? Economic Management in an Age of Global Markets." pp. 280-298. Pollard, Patricia. "The Creation of the Euro and the Role of the Dollar in International Markets." Federal Reserve Bank of St. Louis, Review 83 (September/October 2001): 17-36.
17-18	International financial institutions	Stiglitz, Globalization and Its Discontents, chapters 1, 2, and 3, pp. 3-88.
19-20	International finance and development	Oatley, chapters 14 and 15, pp. 307-357. Frieden and Lake Haggard, Stephan. "Inflation and Stabilization." pp. 417-430.
21	Discussion	(no readings)
22-23	Economies in transition	Stiglitz, chapter 7, pp. 180-194. Frieden and Lake Section overview, pp. 377-381. Stiglitz, Joseph E., and Lyn Squire. "International Development: Is it Possible?" pp. 383-391. Broad, Robin, John Cavanagh, and Walden Bellow. "Development: The Market is Not Enough." pp. 392-404.
The globalization debate
24-25	Positive and negative externalities of globalization	Oatley, chapter 16, pp. 358-383. Stiglitz, chapter 9, pp. 214-252. Frieden and Lake Williamson, Jeffry A. "Globalization and Inequality, Past and Present." pp. 405-416. Section overview, pp. 431-432. Butler, Alison. "Environmental Protection and Free Trade: Are They Mutually Exclusive?" pp. 433-445. Cerny, Philip G. "Globalization and the Changing Logic of Collective Action." pp. 446-460. Rodrik, Dani. "Sense and Nonsense in the Globalization Debate." pp. 461-470.
26	The illicit global economy Conclusion	Wechsler, William F. "Follow the Money." Foreign Affairs 80, no. 4 (July/August, 2001).