B0264 - GLOBALIZATION, STATES AND MARKETS

Learning outcomes

The course explores the mutual influences between international politics and international economic dynamics. In particular, it will discuss the relationship between economic globalization, democracy, global and regional governance. At the end of the course, students will be able to analyse and discuss issues such as: What are its political pre-preconditions for globalization? What are the main economic and political ideas that have shaped current wave globalization? What are the main economic and political effects of globalization at the domestic and international level? What are the main challenges for the current global economic order?

Course contents

This course surveys and discusses the political and economic effects of globalization both at the international and the national level, in Europe and in other key extra European contexts (such as the US, and East Asia).

The course is structured around five main sections: (1) The theoretical toolbox (2) The rise and the expansion of the Liberal International Order (3) The Polaniy crisis (4) The EH Carr crisis (5) International economic statecraft in a multipolar world.

The course will follow the Y structure. This means that classes will be divided in Lectures and Seminars.

This course can be attended by students enrolled in the LM IPE, LM MIREES and LM IR (Bologna)

Lectures: the entire class will attend at the same time. Lectures are identified with an L (L1, L2, L3). This is the lower part of the Y.

Each seminar will be held twice. Each student will attend it once (upper part of the Y). They are identified with a S (S1a, S1b, S2a, S2b).

The A group will be formed by the first half of the class in alphabetical order. The B group by the second half and those students that will attend classes on line.

Seminars and lectures will be held in presence for students of the Forlì campus and on line for students of the Bologna campus.

Both for Lectures and for Seminars students are required to read the materials in advance. You can find the readings and the other materials on the Virtuale page of the course.

Lectures will resemble traditional frontal classes, even if questions and comments are more than welcome.

Seminars will be different from traditional classes. They will be based on active participation and debates among students. Students will be invited to discuss different ideas and arguments, often taking a position. The class will be further divided in subgroups that will be invited to support different sides of an argument on specific issues and topics.

Consequently, preparing the readings in advance will be essential for the active attendance of the seminars.

At the end of the course each student will attend 8 lectures and 6 seminars

For each student, the total amount of hours is 28 hours of classroom activities. Since this amount is lower than the amount generally associated with an exam of 8 CFU (40hours), the course requires a slightly higher number of pages to read and an active participation during the seminars.

During the final seminar students will give a short presentation.

The evaluation will consist in : 40% of the grade active participation to seminars; 60% of the grade final oral exam.

 

Course Contents

 

I The theoretical toolbox

L1 Democracy, Trade and Institutions

L2 Globalization, Power and Order

L3 Hegemony and Centre Periphery dynamics

L4 The normative pillars of the international order

 

II The Rise and the expansion of the liberal international order

L5 The post-war international order and embedded liberalism

L6 After Victory: globalization and international order after the Cold War

 

III The Polaniy crisis

L7 The Economic effects of globalization

S1 Globalization, democracy and populism

 

IV The EH Carr crisis

L8 State Capitalism in China.

S2 BRI and China’s vision for the regional roder

S3 Trump’s legacy: hegemonic decline and great power competition.

 

V International economic statecraft in a multipolar world.

S4 Great power competition, technology and supply chains.

S5 Sanctions and economic coercion

S6 The periphery in the age of black swans.

Readings/Bibliography

READINGS

L1 Democracy, trade and institutions.

Deudney, D., & Ikenberry, G. J. (2018). Liberal world: The resilient order. Foreign Affairs., 97, 16-19

Paul, T. V. (2021). Globalization, deglobalization and reglobalization: adapting liberal international order. International Affairs, 97(5), 1599-1620.

Drezner, D. W. (2014). The system worked: How the world stopped another great depression. Oxford University Press. (Selected parts).

 

L2 Globalization, power and order.

Friedberg, A. (2022). The Growing Rivalry Between America and China and the Future of Globalization Texas National Security Review 5 (1), 1-26.

Mearsheimer, J. (2006). China’s unpeaceful rise. Current History.

Drezner, D. W., (2021) Introduction. In Drezner, D. W., Farrell, H., & Newman, A. L. (Eds.). The Uses and Abuses of Weaponized Interdependence. Brookings Institution Press.

Hirschman, A. O. (1969). National Power and the Structure of International Trade. Berkeley: University of California Press. Summary ch.1-2.

 

L3 Hegemony and centre periphery dynamics.

Capan, Z. G. (2017). Decolonising international relations?. Third World Quarterly, 38(1), 1-15.

Buzan, B., & Lawson, G. (2015). The global transformation: history, modernity and the making of international relations Cambridge University Press. (p.1-11).

Parmar, I. (2018). The US-led liberal order: imperialism by another name?. International Affairs, 94(1), 151-172.

 

L4 The normative pillars of the international order.

Hurrell, A. (2007). On global order: power, values, and the constitution of international society. Oxford, Oxford University Press. (Ch1).

Dian, M., & Menegazzi, S. (2018). New regional initiatives in China’s foreign policy: The incoming pluralism of global governance. Basingstoke, Palgrave Macmillan. (Ch.1).

 

L5 The post war international order and embedded liberalism

Yueh, L. (2018). What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems. Picador. (Keynes+ Hayek).

Ikenberry G.J (2011) The Liberal Leviathan, The Origins, Crisis, and Transformation of the American World Order. Princeton, Princeton University Press. Ch. 5.

 

L6 After Victory: globalization and international order after the Cold War.

Kundnani, H. (2017) What is the Liberal International Order? German Marshall Fund of the United States.

Ikenberry G.J. (2020) A World Safe for Democracy Liberal Internationalism and the Crises of Global Order. New Heaven: Yale University Press Ch. 8.

Congressional Research Service (2022) The WTO (overview, short).

Babb, S., & Kentikelenis, A. (2021). Markets everywhere: the Washington consensus and the sociology of global institutional change. Annual Review of Sociology, 47, 521-541.

 

L7 The Economic effects of globalization

Milanovic, B. (2016). Global inequality: A new approach for the age of globalization. Harvard University Press.

Rodrik, D. (2011) The globalization paradox: democracy and the future of the world economy. WW Norton & Company (ch. 9).

Ortiz Ospina, E. Beltekian, D. and Roser, M. (2018) Trade and Globalization.

 

S1 Globalization, democracy and populism

Blyth, M. (2016) Global Trumpism Why Trump’s Victory Was 30 Years in the Making and Why It Won’t Stop Here. Foreign Affairs. (1-4).

Miller, B. (2021). How ‘making the world in its own liberal image’made the West less liberal. International Affairs, 97(5), 1353-1375.

 

L8 State Capitalism in China.

Kennedy, S. & Blanchette, J. (2021). Chinese State Capitalism. Diagnosis and Prognosis. Washington DC, Center For Strategic International Studies (CSIS) Selected parts.

Eaton, S. (2014). The gradual encroachment of an idea: large enterprise groups in China. The Copenhagen Journal of Asian Studies, 31(2), 5-22.

 

S2 BRI and China’s vision of the regional order

Dian, M. (2020) China, the United State and economic regionalism in Asia (unpublished working paper).

McBride, J. & Chatzky, A. (2019) Is ‘Made in China 2025’ a Threat to Global Trade? A backgrounder Council on Foreign Relations.

 

S3 Trump’s legacy: hegemonic decline or great power decoupling?

Dian, M. and Baldaro, E. (2018). Trump’s Grand Strategy and the Post-American World Order Journal of Inter-disciplinary Studies 4(1).

Hass, R. & Denmark, A. (2020) More pain than gain. How the US-China trade war hurt America. Brookings Institution. Washington DC.

 

 

S4 Great power competition, technology and supply chains.

Michael Brenes and Van Jackson, “Great-Power Competition Is Bad for Democracy” Foreign Affairs. July 2022.

Günther Maihold, A New Geopolitics of Supply Chains the Rise of Friend-Shoring. SWP Commentary n. 45 JULY 2022

Sarah Kreps, Richard Clark, and Adi Rao, “A holistic approach to strengthening the semiconductor supply chain”. Brookings Institution. April 2022

James A. Lewis, “Strengthening a Transnational Semiconductor Industry”. Center for Strategic and International Studies. June 2022

S5 Sanctions and economic coercion

Peter A.G. van Bergeijk, P.A. & Biersteker, T. (2015) How and when do sanctions work? The evidence in I. Dreyer & J. José Luengo-Cabrera On target? EU sanctions as security policy tools ISS Report,

Congressional Research Service (2022) Russia’s War on Ukraine: The Economic Impact of Sanctions. Washington DC.

 

S6 The periphery in the age of black swans.

Congressional Research Service, Russia’s 2022 War Against Ukraine: Global Economic Effects. May 2022.

Reuters, A World food Crisis.

Tamanna Salikuddin, “Five Things to Know about Sri Lanka’s Crisis” The United States Institute for Peace. July 2022.

Adam Behsudi, “Where the Fed crushing inflation campaign can hurt the most” Politico, 8 March 2022

 

Teaching methods

Frontal lectures, interactive seminars

Assessment methods

The evaluation will consist in : 40% of the grade active participation to seminars; 60% of the grade final oral exam

Teaching tools

Ms Teams, Virtuale, videos, power point

Office hours

See the website of Matteo Dian