Permission of instructor required
This seminar is intended for students interested in studying the main drivers, consequences and challenges of the increasing interaction and interdependence among economies and societies across the world. It will emphasize the economic dimensions of globalization, but it will address some important questions of international governance and geopolitics that could influence the future evolution of the global economy.
The seminar readings and discussions will be based on arguments submitted by both serious proponents and skeptics of globalization. Although significant attention will be devoted to the historical evolution of contemporary globalization, most discussions will center on issues of current debate and relevant policy implications. In addition to reviewing the trends, potential benefits and questions of concern about the three main forces of economic globalization - trade, investment and migration - the seminar will explore some of the key challenges and risks faced by the process of global interdependence. In this respect, issues of globalization’s inclusiveness and effects on income inequality, which are central to the skeptics’ arguments, will be examined. The challenge of providing the global public goods that are needed to manage or dispel risks that could prove highly disruptive to the process of global integration will also be considered. Particular attention will be given this semester to climate change mitigation -as a most pertinent case study on the complexities involved in the provision of global public goods- as well as to the topic of global inequality and to recent trends of deglobalization.
Prerequisites: Intermediate Microeconomics, Intermediate Macroeconomics and International Economics.
[Also EP&E 224a and GLBL 330a]