Short Summary

No.	Topic	Date	Lecturer
1	Introduction to IPE: Theoretical Perspectives, Main Actors and Short History of Global Economy		VS
2	Cooperation and Conflicts, New x Old Superpowers		VS
3	World Trade System, International Trade Cooperation		VS
4	Trade Regimes and Regional Cooperation, PTAs and RTAs		VS
5	International Monetary Relations		Guest Lecture
6	The Political Economy of Financial Crises		VS
7	Political Economy of Development		VS
8	Corruption in International Economy: Its Regulation and Natural Resource Curse		MP
9	Holidays
10	Globalization – Power of States and Multinationals		MP
11	The Political Economy of International Migration		MP
12	Reports: Class Debate (1^st Topic)		MP
13	Reports II: Class Debate (2^nd Topic)		MP

Detailed Description

1) Introduction to IPE: Theoretical Perspectives, Main Actors and Short History of Global Economy

The first lecture represents brief introduction into the IPE discipline. We cover main theoretical approaches to IPE, position of IPE within social sciences and main actors that are discussed within the discipline. The lecture will also cover brief summary of historical development of global economy.

Compulsory literature

Broome (2014), CH 1

Supplementary literature

Textbooks

Broome (2014), CH 2-6

Ravenhill (2014), CH 1-2

Papers and other sources

The Maddison-Project (https://www.rug.nl/ggdc/historicaldevelopment/maddison/releases/maddison-project-database-2018, 2018 version)

Bolt, J., & Zanden, J. L. (2014). The Maddison Project: collaborative research on historical national accounts. The Economic History Review, 67(3), 627-651.

Fouquin, M., & Hugot, J. (2016). Back to the Future: International Trade Costs and the Two Globalizations. CEPII Document de travail, (2016-13).

Harley, C. K. (1988). Ocean freight rates and productivity, 1740–1913: the primacy of mechanical invention reaffirmed. The Journal of Economic History, 48(04), 851-876.

Lampe, M. (2009). Effects of Bilateralism and the MFN Clause on International Trade: Evidence for the Cobden-Chevalier Network, 1860-1875. The Journal of Economic History, 69(04), 1012-1040.

Maddison, A. (1982). Economic epochs and their interpretation, Chapter 1 of Phases of Capitalist Development, Oxford University Press.

Mandeville, B. (1988). The Fable of the Bees or Private Vices, Public Benefits, Indianapolis: Liberty Fund. http://oll.libertyfund.org/titles/846

Smith, A. (1790) The Theory of Moral Sentiments. Library of Economics and Liberty. http://www.econlib.org/library/Smith/smMS.html

2) Cooperation and Conflicts, New x Old Superpowers

We focus on the literature investigating the reasons behind cooperation and conflicts between actors. Establishment of international institutions (and organizations) as a potential solution of conflicting interests will be investigated. The lecture will also debate the economic effects of sanctions and investigate the hypothesis that mutual trade is a “peace promoter” between conflicting states.

In the area of current policy issues, we will focus on the attempts of China to revise international institutional order based on Bretton Wood. We will be also discussing historical examples of similar conflicts (ranging from the popular concept of Thucydides Trap-like interpretation of Peloponnesian Wars to e.g. Europe and Middle East in the second half of 19^th century) and compare them with current situation in global economy.

Compulsory literature

Ravenhill (2014), Chapter 3

Bell, S. R., & Long, A. G. (2016). Trade Interdependence and the Use of Force: Do Issues Matter? International Interactions, 42(5), 750-773.

Foreign Affairs (2017/2). China and the World

J. S. Nye (2017): Will the Liberal Order Survive? Foreign Affairs January/February 2017, Volume 96, Number 1

Haas, R. (2019): How a World Order Ends. And What Comes in Its Wake. Foreign Affairs, February 2019

Supplementary literature

Textbooks

Ravenhill (2014), CH 4

Papers and other sources

Kotkin, S. (2018). Realist World. The Players Change but the Game Remains. Foreign Affairs, August 2018

Deudney, D., Ikenberry, G.J. (2018). Liberal World. The Resilient Order. Foreign Affairs, August 2018

Brewster, R. (2014). The Domestic and International Enforcement of the OECD Anti-Bribery Convention. Chicago Journal of International Law, 15(1), 84–109.

Cavallo, E., Powell, A., Pedemonte, M., & Tavella, P. (2015). A new taxonomy of Sudden Stops: Which Sudden Stops should countries be most concerned about? Journal of International Money and Finance, 51, 47-70.

Foreign Affairs (2017/2 and 2017/1)

Schneider, G. (2014). Peace through globalization and capitalism? Prospects of two liberal propositions. Journal of Peace Research, 51(2), 173-183.

Rose, G. (2018): The Fourth Founding. The United States and the Liberal Order. Foreign Affairs, February 2019

Current policy debates

China and international institutional order. Trump´s politics to China.

3) World Trade System, International Trade Cooperation

The lecture will primarily investigate the rationale behind the contemporary trend of trade protectionism (probably most visible proponent is the current US president Donald Trump). We will cover the main arguments in favour of trade liberalization and also protectionism. Special attention will be devoted to the arguments of D. Rodrick. In the policy area we will discuss the revision of US trade policy done by Donald Trump.

Compulsory literature

The Economist – Special Report on Liberalization of Trade (2016)

Ostry, J. D., Loungani, P., & Furceri, D. (2016). Neoliberalism: oversold. Finance & Development, 53(2), 38-41.

Rodrik, D. (2011). The globalization paradox: democracy and the future of the world economy. WW Norton & Company. CH 3

Supplementary literature

Broome (2014), CH 15, 16

E. Helpman: Understanding Global T