74638 - GLOBALIZATION, STATES AND MARKETS

Conoscenze e abilità da conseguire

The course explores changes in the international economy and their effects on domestic politics and economics. At the end of the course, students will be able to analyze issues such as: - Is globalization really a new phenomenon? - Is it irreversible? - What are the effects on wages, inequality, social safety nets, production, innovation and competition? - How does globalization affect democracy? - Are markets beyond the control of political institutions?

Contenuti

Il corso esamina e discute i fattori politici ed economici che  influenzano le somiglianze e le differenze tra i paesi industrializzati nella crescita economica, ineguaglianza di reddito e le risposte alle crisi economiche internazionali. Il corso verte sui seguenti interrogativi: in che modo l'economia internazionale influenza l'autonomia degli stati? perché gli stati democratici rispondono i maniera diversa alle crisi economiche? Fino a che punto diversi modelli di capitalismo sono plasmati dal contesto istituzionale?  Il corso esplora gli effetti delle istituzioni politiche e delle coalizioni politiche sul rendimento economico e si interroga sulle caratteristiche di diversi sistemi di political economy.  Il corso si incentra su modlli teorici e applica il metodo comparato.

E. Baroncelli and R. Mulé eds. Political Economy of crisis and change in the new global context, EGEA, Milan, 2017

Part I Globalization: history and debates

1. Waves of globalization

Required reading

Polanyi, K. 2001, The Great Transformation. Boston, MA: Beacon Press, chapters 3-6.

Eichengreen, B. J. 1992, Golden Fetters: The Gold Standard and The Great Depression, 1919-1939. Oxford University Press, chapters 1-3.

Further reading

Berger, S. 2013, Puzzles from the first globalization, in M.Kahler and D. Lake eds. Politics in the new hard times, Cornell University Press, pp. 150-167.

2. Globalization : contending approaches

This session is based on ‘debating contests’. Students prepare in advance to put forward and defend one approach.

Required reading

Hirst, P., Thompson, G. and S. Bromley, eds. 2009 , Globalization in Question. Polity Press, 3rd ed. chapters 1-2.

Bordo, M. Eichengreen, B. J. Irwin, D. A. 1999, Is Globalization Today Really Different than Globalization 100 years ago? NBER Working Paper No. 7195, pp. 1-27.

Further reading

Haas, P. M. and J. A. Hird. 2013, Controversies in globalization : contending approaches to international relations, 2. SAGE.

Rodrik, D. Populism and the Economics of Globalization, Kennedy School of Government, 2017.

Part II Alternative explanations: Territorial, Sectoral, Institutional Coordination and Complementarity

3. Territorial and sectoral perspectives

This session is based on students’ questions. Student groups prepare in advance one question and one answer.

Required reading

Mann, M. 1997, Has globalization ended the rise and rise of the nation-state? Review of International Political Economy, 4.

Frieden, J. 1991.Invested Interests: The Politics of National Economic Policies in a World of Global Finance. International Organization, 45, pp. 425-30 and 442-51.

Further reading

Iversen, T. and D. Soskice. 2006. Electoral Institutions and the Politics of

Coalitions: Why Some Democracies Redistribute More Than Others. American Political

Science Review 100, pp. 165-181.

Keech, W. 2014. Economic Politics in the United States: The Costs and Risks of

Democracy. Cambridge University Press, Chapters 8 and 9.

4. Institutional coordination and complementarity

In this session students will present the German case as a coordinated market economy or the USA as a liberal market economy

Required reading

Hall, P. and D. Soskice. 2001. An Introduction to Varieties of Capitalism, in P.

Hall and D. Soskice, eds. Varieties of Capitalism. Oxford University Press, pp. 1-68.

Further reading

Hancké, B. 2009. Debating Varieties of Capitalism: A Reader. Oxford University

Press. (any chapter).

5. Global labour markets and political institutions

This session is based on students’ questions. Student groups prepare in advance one question and one answer.

Required reading

Fleckenstein, T. and Lee, S. 2017. The Politics of Labor Market Reform in Coordinated Welfare Capitalism: Comparing Sweden, Germany, and South Korea. World Politics,

Bearce, D., and Hart, A., 2017. International Labor Mobility and the Variety of Democratic Political Institutions. International Organization, 71, pp. 65-95.

Further reading

Lallement, M. 2011. Europe and the economic crisis: forms of labour market adjustment and varieties of capitalism, Work, employment and society, 25, pp. 627-641.

6. Globalization, Domestic Politics, taxation and spending

Required reading

Hays, J. 2003. Globalization and Capital Taxation in Consensus and Majoritarian Democracies. World Politics, 56, pp. 79-113.

Busemeyer, M. 2009. From myth to reality: Globalisation and public spending in

OECD countries revisited. European Journal of Political Research, 48, pp. 455-482.

Further reading

Hellwig, T. and D. Samuels. 2007. Voting in Open Economies: The Electoral Consequences of Globalization. Comparative Political Studies (March), pp. 283-306.

Hays, J., Ehrlich, S. and C. Peinhardt. 2005. Government Spending and Public

Support for Trade in the OECD: An Empirical Test of the Embedded Liberalism Thesis.

International Organization (Spring), pp. 473-94.

Jensen, C. 2010. Conditional contraction: Globalisation and capitalist systems.

European Journal of Political Research, 50, pp. 168-189.

Part III

7. Global economic crises and varieties of states’ responses

International economic crisis of 1929 and 1973

This session is based on students’ presentations of the national responses to the international economic crises.

Required reading

Gourevitch, P. 1986, Politics in Hard Times. Ithaca, Cornell University Press, chapter 1 and chapters on 1929 and 1973 international economic crisis.

8. The global financial crisis 2007- 2008

This session is based on students’ questions. Student groups prepare in advance one question and one answer.

Required reading

Pontusson, J. and D. Raess, 2012, How (and Why) Is This Time Different? The Politics of Economic Crisis in Western Europe and the United States, Annual Review of Political Science, 15, pp. 13-33.

Iversen, T. and D. Soskice, ,2009, Modern Capitalism and the Advanced Nation State: Understanding the Causes of the Crisis, in N.Bermeo and J. Pontusson eds. Coping with Crisis: Governments Reactions to the Great Recession. Chapter. 2.

Further reading

Kahler, M. and Lake, D.A. (eds.), 2013, Politics in the New Hard Times, The Great Recession in Comparative Perspective, Cornell University Press, Introduction.

Mulé, R. and G. Walzenbach, (2017) Striking a Balance? Comparative and International Political Economy in Times of Crisis, in E. Baroncelli and R. Mulé eds The political economy of crisis and change in the new global context, Egea, Milan.

Westra, R. et al. 2015, The future of capitalism after the financial crisis. The varieties of capitalism debate in the age of austerity, Routledge.

Cama G. 2015. Markets and Power. The Repercussions of Financial Globalization on Autonomy and Power of States. Rivista Italiana di Politiche Pubbliche, 2, pp. 153-177.

Morlino,L. and F. Raniolo, 2017, The impact of the Economic Crisis on South European Democracies, Palgrave.

Eichengreen, B. 2015. Hall of mirrors : the great depression, the great recession, and the uses and misuses of history . Oxford University Press.

9. The political economy of the Great Recession and the welfare state

Required reading

Armingeon. K. 2014, Breaking with the Past? Why the Global Financial Crisis led to Austerity Policies but not to Modernization of the Welfare State, in Pierson, C. Castles, F. and I.K. Naumann, The welfare state reader, Polity Press.

Frieden, J. and S. Walter, 2017, Understanding the political economy of the Eurozone crisis, in Annual Review of Political Science, 20, pp. 371-90.

Further reading

Kanbur, R. 2015. Globalization and Inequality, in A.B.Atkinson and F. Bourguignon, Handbook of income distribution, North-Holland, Amsterdam, chapter 20.

Hall, P. 2013 The political origins of our economic discontents. Contemporary Adjustment Problems in Historical Perspective, in Kahler, M. and Lake, D.A. (eds.), Politics in the New Hard Times, The Great Recession in Comparative Perspective, Cornell University Press, chapter 5.

Scheidel, W. 2017. The Great Leveler. Violence and the history of inequality from the stone age to the twenty-first century, Princeton, Princeton University Press, chapter 15.

Sacchi, S. and J. Roh 2016. Conditionality, austerity and welfare: Financial crisis and its impact on welfare in Italy and Korea. Journal of European Social Policy, 26, pp. 358-373.

10. Internet governance between state and markets

Amoretti, F. and M. Santaniello, (2016) Between reason of state and reason of market. The development of internet governance in historical perspective, Soft Power, 3, pp.147-167. (further readings will be provided before the lecture)

 

Testi/Bibliografia

 

E. Baroncelli and R. Mulé eds. Political Economy of crisis and change in the new global context, EGEA, Milan, 2017

 

Part I Globalization: history and debates

1. Waves of globalization

Required reading

Polanyi, K. 2001, The Great Transformation. Boston, MA: Beacon Press, chapters 3-6.

Eichengreen, B. J. 1992, Golden Fetters: The Gold Standard and The Great Depression, 1919-1939. Oxford University Press, chapters 1-3.

Further reading

Berger, S. 2013, Puzzles from the first globalization, in M.Kahler and D. Lake eds. Politics in the new hard times, Cornell University Press, pp. 150-167.

2. Globalization : contending approaches

This session is based on ‘debating contests’. Students prepare in advance to put forward and defend one approach.

Required reading

Hirst, P., Thompson, G. and S. Bromley, eds. 2009 , Globalization in Question. Polity Press, 3rd ed. chapters 1-2.

Bordo, M. Eichengreen, B. J. Irwin, D. A. 1999, Is Globalization Today Really Different than Globalization 100 years ago? NBER Working Paper No. 7195, pp. 1-27.

Further reading

Haas, P. M. and J. A. Hird. 2013, Controversies in globalization : contending approaches to international relations, 2. SAGE.

Part II Alternative explanations: Territorial, Sectoral, Institutional Coordination and Complementarity

3. Territorial and sectoral perspectives

This session is based on students’ questions. Student groups prepare in advance one question and one answer.

Required reading

Mann, M. 1997, Has globalization ended the rise and rise of the nation-state? Review of International Political Economy, 4.

Frieden, J. 1991.Invested Interests: The Politics of National Economic Policies in a World of Global Finance. International Organization, 45, pp. 425-30 and 442-51.

Further reading

Iversen, T. and D. Soskice. 2006. Electoral Institutions and the Politics of

Coalitions: Why Some Democracies Redistribute More Than Others. American Political

Science Review 100, pp. 165-181.

Keech, W. 2014. Economic Politics in the United States: The Costs and Risks of

Democracy. Cambridge University Press, Chapters 8 and 9.

4. Institutional coordination and complementarity

In this session students will present the German case as a coordinated market economy or the USA as a liberal market economy

Required reading

Hall, P. and D. Soskice. 2001. An Introduction to Varieties of Capitalism, in P.

Hall and D. Soskice, eds. Varieties of Capitalism. Oxford University Press, pp. 1-68.

Further reading

Hancké, B. 2009. Debating Varieties of Capitalism: A Reader. Oxford University

Press. (any chapter).

5. Global labour markets and political institutions

This session is based on students’ questions. Student groups prepare in advance one question and one answer.

Required reading

Fleckenstein, T. and Lee, S. 2017. The Politics of Labor Market Reform in Coordinated Welfare Capitalism: Comparing Sweden, Germany, and South Korea. World Politics,

Bearce, D., and Hart, A., 2017. International Labor Mobility and the Variety of Democratic Political Institutions. International Organization, 71, pp. 65-95.

Further reading

Lallement, M. 2011. Europe and the economic crisis: forms of labour market adjustment and varieties of capitalism, Work, employment and society, 25, pp. 627-641.

6. Globalization, Domestic Politics, taxation and spending

Required reading

Hays, J. 2003. Globalization and Capital Taxation in Consensus and Majoritarian Democracies. World Politics, 56, pp. 79-113.

Busemeyer, M. 2009. From myth to reality: Globalisation and public spending in

OECD countries revisited. European Journal of Political Research, 48, pp. 455-482.

Further reading

Hellwig, T. and D. Samuels. 2007. Voting in Open Economies: The Electoral Consequences of Globalization. Comparative Political Studies (March), pp. 283-306.

Hays, J., Ehrlich, S. and C. Peinhardt. 2005. Government Spending and Public

Support for Trade in the OECD: An Empirical Test of the Embedded Liberalism Thesis.

International Organization (Spring), pp. 473-94.

Jensen, C. 2010. Conditional contraction: Globalisation and capitalist systems.

European Journal of Political Research, 50, pp. 168-189.

Part III

7. Global economic crises and varieties of states’ responses

International economic crisis of 1929 and 1973

This session is based on students’ presentations of the national responses to the international economic crises.

Required reading

Gourevitch, P. 1986, Politics in Hard Times. Ithaca, Cornell University Press, chapter 1 and chapters on 1929 and 1973 international economic crisis.

8. The global financial crisis 2007- 2008

This session is based on students’ questions. Student groups prepare in advance one question and one answer.

Required reading

Pontusson, J. and D. Raess, 2012, How (and Why) Is This Time Different? The Politics of Economic Crisis in Western Europe and the United States, Annual Review of Political Science, 15, pp. 13-33.

Iversen, T. and D. Soskice, 2009, Modern Capitalism and the Advanced Nation State: Understanding the Causes of the Crisis, in B. Hanké et al. (ed.) Beyond varieties of capitalism. Chapter. 2.

Further reading

Kahler, M. and Lake, D.A. (eds.), 2013, Politics in the New Hard Times, The Great Recession in Comparative Perspective, Cornell University Press, Introduction.

Mulé, R. and G. Walzenbach, (2017) Striking a Balance? Comparative and International Political Economy in Times of Crisis, in E. Baroncelli and R. Mulé eds The political economy of crisis and change in the new global context, Egea, Milan.

Westra, R. et al. 2015, The future of capitalism after the financial crisis. The varieties of capitalism debate in the age of austerity, Routledge.

Cama G. 2015. Markets and Power. The Repercussions of Financial Globalization on Autonomy and Power of States. Rivista Italiana di Politiche Pubbliche, 2, pp. 153-177.

Morlino,L. and F. Raniolo, 2017, The impact of the Economic Crisis on South European Democracies, Palgrave.

Eichengreen, B. 2015. Hall of mirrors : the great depression, the great recession, and the uses and misuses of history . Oxford University Press.

9. The political economy of the Great Recession and the welfare state

Required reading

Armingeon. K. 2014, Breaking with the Past? Why the Global Financial Crisis led to Austerity Policies but not to Modernization of the Welfare State, in Pierson, C. Castles, F. and I.K. Naumann, The welfare state reader, Polity Press.

Frieden, J. and S. Walter, 2017, Understanding the political economy of the Eurozone crisis, in Annual Review of Political Science, 20, pp. 371-90.

Further reading

Kanbur, R. 2015. Globalization and Inequality, in A.B.Atkinson and F. Bourguignon, Handbook of income distribution, North-Holland, Amsterdam, chapter 20.

Hall, P. 2013 The political origins of our economic discontents. Contemporary Adjustment Problems in Historical Perspective, in Kahler, M. and Lake, D.A. (eds.), Politics in the New Hard Times, The Great Recession in Comparative Perspective, Cornell University Press, chapter 5.

Scheidel, W. 2017. The Great Leveler. Violence and the history of inequality from the stone age to the twenty-first century, Princeton, Princeton University Press, chapter 15.

Sacchi, S. and J. Roh 2016. Conditionality, austerity and welfare: Financial crisis and its impact on welfare in Italy and Korea. Journal of European Social Policy, 26, pp. 358-373.

10. Internet governance between state and markets

Amoretti, F. and M. Santaniello, (2016) Between reason of state and reason of market. The development of internet governance in historical perspective, Soft Power, 3, pp.147-167. (further readings will be provided before the lecture)

 

 

 

 

 

 

Metodi didattici

Lectures are interactive. Students are expected to participate in the discussions and in the question-answer sessions. Each week students should prepare 1/2 questions for discussion.

Students present papers previously agreed with the lecturer.

Modalità di verifica e valutazione dell'apprendimento

Evaluation:

class participation 10% grade

students’ presentation 25% grade

written paper 65% grade. Deadline for written paper 22 December 2017

Attendance is compulsory (70%)

Orario di ricevimento

Consulta il sito web di Rosa Mulè