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|Description - |
|Analysis of the contending theoretical formulations of International Political Economy (IPE) emphasizing the interconnection between economics and politics in the broad context of a global economy and the formulation of national public policy. Economic and political policy issues of current national and international significance are emphasized.|
As an honors course, it is a full thematic seminar with advanced teaching methods focusing on extensive writing, reading, and research assignments, student lectures, group discussions and interactions. Distinguishing features include: heightened focus on and evaluation of global objectives and components of developed and developing nations, increased depth of analysis and breadth of examination, higher level of student critical thinking. Expanded learning outcomes and fuller description of these focused elements.
|Course Objectives - |
|The student will be able to: |
- Identify and analyze the contending theoretical formulations of the international political economy and their interconnections to the state.
- Critically evaluate the international political economy including trade, finance and development within the broad context of world politics.
- Assess competing analytical and theoretical models used in the study of political economy particularly in evaluating the historical development and current operation of the world economy.
- Identify the central structural and historical features of the global political economy and their changing circumstances in a global market.
- Identify and critically analyze some of the leading policy issues in the global political economy such as global finance, trade, terrorism, non-governmental organizations and the role of international economic institutions such as: the World Bank, International Monetary Fund (IMF), Inter-American Development Bank (IDB), and trade blocs in social, economic and national development strategies.
- Identify and systematically analyze the political ideologies underlying global political economy issues.
- Analyze the role of the World Trade Organization (WTO) in the IPE.
|Special Facilities and/or Equipment - |
|Course Content (Body of knowledge) - |
- Analysis of contending theoretical formulations of Political Economy
- Analysis of the nature of politics and economics, power and wealth
- Analysis of Globalization, the international political economy, national security and their effects on governments, societies and citizens
- Investigate the role of Socialist economics in the Capitalist World Economy
- Analysis of International finance in the IPE
- Examine the role of Multinational corporations in the IPE
- Assess the role of Non-governmental organizations in the IPE
- Economic theory and history
- Capital flows
- International trade
- International development; population, poverty
- Contemporary Problems in political economy such as indigenous populations, environment, poverty, status of women
- Socio-economic organizations
- Laissez faire, mixed economy, socialism
- Marxism, facism, and corpatism
- Extent and role of the public, quasi-public, and private sectors: Government, proprietorship, partnership and corporation
- Sustainable capacity-building and government role
- Allocation distribution
- Education, research and development
- Institutions in monetary and fiscal policies
- Environment, workplace safety
- Resource conservation
- Geopolitics vs geo-economics
- Protectionism, trade issues, industrial policy
- Colonialism and revolution
- American impacts
- World War 1 and the 1920's
- Great depression, New Deal, Keynesianism, World War II and Globalism
- Cold War, affluence, poverty, fair deal, new frontier, Great Society
- Efforts to restructure and downsize
- Intermestic linkages
- Ethnic fragmentation, welfare state, entitlements
- Regionalism: NAFTA, European Community (European Union), APEC
- IGO's, NGO's, IMF
- IBRD, WTO, MNC's
- Democracy, efficiency and justice: Meeting the needs of all
- Methodological approaches: Contending theories in the International Political Economy.
|Methods of Evaluation - |
- Development of research paper topic, thesis, and outline and analytical model.
- Written twenty page analytical research paper assignment on specific topic of interest utilizing the scientific method of analysis
- Group oral presentation (Power Point) on assigned seminar topic
- Lead seminar on assigned research topic findings
- Consistent participation in seminar demonstrating substantial knowledge of literature and ability to systematically analyze and synthesize it.
- Individual and group conferences with professor on a regular basis to guide students in research project assignment.
|Representative Text(s) - |
|Benn, Dennis & Hall, Kenneth (eds) Globalization A Calculus of Inequality: Perspectives from the South, Ian Randle Publishers, Jamaica, 2000. |
Cohn, Theodore H. Global Political Economy: Theory and Practice. 4th ed. New York: Pearson Longman, 2008.
Goddard, C. Roe, Patrick Gronin, and Kishore C. Dash. International Political Economy: State-Market Relations in a Changing Global Order.2nd ed. Lynne Rienner, 2005.
McWilliams, Wayne C. and Piotrowski, Harry. The World Since 1945. 7th ed. Lynne Rienner, 2008.
Ravenhill, John Global Political Economy, 3rd ed. Oxford University Press, NY, 2011.
Seligson, Mitchell A and Passe-Smith, John T. Development and Underdevelopment: The Political Economy of Global Inequality. 5th ed. Lynn Rienner, 2013.
Wallerstein, Immanuel The Modern-World System I: Capitalist Agriculture and the Origins of the European World-Economy in the 16th Century, Academic Press, New York, 1974.
Wallerstein, Immanuel The Modern-World System III: The Second Era of Expansion of the Capitalist World Economy, 1730-1840s, Academic Press 1974.
NOTE: Although some of the texts are older than the suggested "5 years or newer" standard, they still remain seminal pieces of scholarship (texts) in these areas of study.
|Disciplines - |
|Political Science |
|Method of Instruction - |
- Weekly formal lectures
- Weekly intensive seminar style discussions that are highly interactive
- Weekly written notes on reading assignments that demonstrate substantial and systematic understanding of material
- Oral presentations (Power Point) on assigned modules of course
- Literature search on topics of class discussions
|Lab Content - |
|Not applicable. |
|Types and/or Examples of Required Reading, Writing and Outside of Class Assignments - |
- Weekly reading assignments of required texts (200-300 pp) that are linked to class modules.
- Accessing the New York Times, The Economist (online versions) to keep abreast of worldwide economic and political issues and informing class of findings during seminar
- Accessing online versions of the Foreign Affairs, Foreign Policy and other relevant journals that will assist students in their knowledge of relevant issues.
- Development of twenty page research paper topic, thesis and outline with assistance from instructor
- Twenty page critical analytical research paper utilizing the scientific method of analysis
- Weekly written notes on major themes and ideas of reading assignments