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. This semester particular attention will be paid to the question of whether the process of globalization has been stalling or even reversing, as some authors are ready to claim.
Prerequisites: Intermediate Microeconomics, Intermediate Macroeconomics and International Economics.
[Also EP&E 224a and GLBL 330a]