V53.0775
International Political Economy

Fall 2002
MW 9:30 - 10.45
SILV 806

Prof. Fiona McGillivray
Office: 715 Broadway, 4^th Floor, #452.
Office Hours: M 1.30-4.00

Welcome to International Political Economy. This course seeks to provide an introductory overview of the history, current status, and likely prospects of the IPE. During this term we will focus on contending theoretical approaches to understanding and explaining a variety of events in the IPE, for example, British mercantilism in the 1700's, NAFTA, EU-US trade disputes, the WTO, and the North-South development gap. I hope to supply the theoretical groundwork so that you can follow current news debates about these issues, know what is at stake for whom, and have some idea what kind of policies are more or less likely.

The course does not require any background in economics. Nonetheless, some familiarity with economic reasoning obtained from an introduction to economics will provide a head-start.

Course Requirements:

The course requirements are that you take two exams (40% and 60%). Please note that Exam I will be held on the 28^th October during class time. The final exam, Exam II, will be held during final exam week on Wed 18^th December, 10-11.50am. Students have the option of writing a research paper (20 pages) instead of taking Exam II.  The substitute research paper is due the last day of class.

Please check exam dates. If, due to exceptional circumstances, a student cannot take the midterm (Exam 1) she/he should contact Prof McGillivray asap. The makeup format for the midterm is a 15 page research paper.

Power-point lecture presentations are available approx 48 hours after the lecture on my homepage: http://www.nyu.edu/gsas/dept/politics/faculty/mcgillivray/mcgillivray_home.html

There are two books required for the course. These are available from the University bookstore.

            Theodore Cohn, 2000 “Global Political Economy: Theory and Practice”. Longman.

Jeffry Frieden and David Lake 2000 “International Political Economy”. Fourth Edition. St. Martin’s Press.

04^th  Sept            Lecture 1             What is International Political Economy?

09^th  Sept            Lecture 2            British-American Trade Under the Articles of Confederation, the US-EU Banana Trade Dispute and the Poverty Gap.

                                                Cohen, chs 1 & 3.                                                       

11^th  Sept            Lecture 3             Background Economics: The Basics.

Cohen, p133-139

Frieden and Lake ch. 22 (Freeman)

16^th  Sept            Lecture 4            Background Economics: Why Protect?

Cohen, p199-203

Frieden and Lake, ch. 19 (Coughlin & Chrystal and Wood)

18^th Sept            Lecture 5            Theories of IPE

            Cohen, chs 4 & 5.

23^th Sept            Lecture 6            Globalization: Cause and Effect

                                                Cohen, p23-38

                                                Frieden and Lake, ch 31 (Rodrik)

Post-War International Institutions

25^rd Sept            Lecture 7            International Trade Regimes: The GATT and WTO

Cohen, p203-237

30^th Sept            Lecture 8                   Rise of Administered Protection and Regional Trade Blocs

                                                Frieden and Lake, ch 24 (Cox)

02^rd Oct            Lecture 9            The European Union

Cohen, ch 9

07^th Oct            Lecture 10            International Monetary Regimes: the Gold Standard to EMU.

                                                Cohen, ch 6.

09^th Oct           Lecture 11:             Explaining the Turnover of Monetary Regimes

                                                Frieden and Lake, ch. 14 (Eichengreen)

14^th Oct            Lecture 12:            Exchange Rates and Sovereign Risk

                                                Frieden and  Lake, ch 18 (Goodman and Pauly)

Economic Development: The North

16^th Oct            Lecture 13:            The Rise of Europe 1500's-1700's

            Frieden and Lake, chs. 7 (Frieden)

21^st Oct             Lecture 14:            Mercantilism, 1700s

                                                Frieden and Lake, chs. 2&6 (Eichengreen &Gourevich)           

23^th Oct            Lecture 15             Pax Britannica, 1815-1914

Frieden and Lake, ch. 5&8 (Kindleberger and Lake)

28^th Oct             Midterm

30^th Oct            Lecture 16      Development Strategies, 1800's.

                                                Frieden and Lake, ch. 20 (Rogowski)

Economic Development: Third World

04^th Nov            Lecture 17:     The Development Gap.

                                                Cohen, ch 11 

06^h Nov            Lecture 18            Rwanda: War and Growth.

                                                Guest Speaker, Professor Allan Stam.

                                                Frieden and Lake, chpt 27 (Williamson)

11^th Nov             Lecture 19:              Debt, the IMF and the World Bank.

                                                Cohen,  ch 7

13^h Nov            Lecture 20            The Development Gap: Africa

                                                Frieden and Lake, ch. 25 (Stiglitz and Squire)

18^th Nov            Lecture 21             Financial Aid

20^th Nov            Lecture 22            Foreign Direct Investment

                            Cohen, ch 10,

                            Frieden and Lake, ch. 11 (Fieldhouse).

25^th Nov  Lecture 23  MNC’s vrs Third World

                                                Frieden and Lake, chs. 9, 10 (Caves, Tarzi)

27^th Nov  Lecture 24  Democracy, corruption and Growth

                            Frieden and Lake ch 26 (Broad et al)

02^th Dec  Lecture 25  Strategic Trade Policy: East Asian Lessons

                                                Frieden and Lake, ch. 12 (Hart et al)

04^th Dec   Lecture 26  Third World Growth: What’s the Best Strategy?

Cohen, ch 12.

09^th Dec            Lecture 27            Globalization, the environment and human rights.

                            Frieden and Lake, ch. 29 (Butler)

Fall Recess 17^th - 25^th Nov.

11^th Dec            Lecture 28            Review. 

                        Those students who chose to write a research paper instead of sitting the final exam must turn in their research paper on this, the last day of class.

Exam II during exam week, Wed 18^th from 10-11.50 (check time and location).