B0264 - GLOBALIZATION, STATES AND MARKETS

Conoscenze e abilità da conseguire

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?

Contenuti

Course Contents

This course discusses the origin of the liberal international order, its consolidation in the post-Cold War period as well as its possible crisis. In particular it will address two main factors of crisis: the rising levels of inequality and political polarization, especially in the West and the emergence of a great power competition that might disrupt the existing global economic order.

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) Great power competition and the global economic order.

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). The course can be attended on line for students enrolled in the LM IR in the Bologna campus. While it will be only in presence for students based at the Forlì campus.

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.

The evaluation will consist in : 30% of the grade active participation to seminars 70% 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, populism.

 

IV The EH Carr crisis

 

L8 State Capitalism in China.

S2 China’s vision for the international economic order

S3 Technological competition and supply chains.

 

V Great power competition and the global economic order.

 

S4 Great power competition or a New Cold War?

S5 Sanctions and economic coercion.

S6 The periphery in the age of black swans.

 

Testi/Bibliografia

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.

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.

Dian, M (2022). US-China relations, the English School and the renegotiation of the international order. Working paper.

 

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

Broz, J. L., Frieden, J., & Weymouth, S. (2021). Populism in place: the economic geography of the globalization backlash. International Organization, 75(2), 464-494.

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

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

 

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.

Pearson, M., Rithmire, M. & Tsai, K. (2022) The New China Shock How Beijing’s Party-State Capitalism Is Changing the Global Economy. Foreign Affairs. 8 December.

 

S2 China’s vision of the international economic 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.

Hoang Thi Ha (2023) Why Is China’s Global Development Initiative Well Received in Southeast Asia? ISEAS Perspective 9

Page, M. (2023) Unpacking China’ Global Development Initiative. The Interpreter.

 

S3 Technological competition and supply chains.

Maihold, G. (2022). A New Geopolitics of Supply Chains the Rise of Friend-Shoring. SWP Commentary n. 45 July 2022

Lewis, J.A. (2022). “Strengthening a Transnational Semiconductor Industry”. Center for Strategic and International Studies.

Kilcrase, E. (2023). “How To Win Friends And Choke China’s Chip Supply” War on the Rocks, January 6,

Miller, C. (2023). Rewire. Semiconductors and U.S. Industrial Policy. Center for a New American Security. Washington DC, 2023.

 

S4 Great power competition or a New Cold War?

Brenes, M. Jackson, V. (2022). “Great-Power Competition Is Bad for Democracy” Foreign Affairs.

Weiss, J. C. (2022). The China trap: US foreign policy and the perilous logic of zero-sum competition. Foreign Affairs, 101, 40.

McCharty, K. & Gallagher, M. (2022) China and the US are locked in a cold war. Fox News. 8 December.

The White House, Remarks by National Security Advisor Jake Sullivan on Renewing American Economic Leadership. the Brookings Institution, Washington DC. April 27, 2023

 

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.

European Council (2023). EU Sanctions against Russia explained.

Demarais, A. (2022) The End of the Age of Sanctions? Foreign Affairs. 27 December

 

S6 The periphery in the age of black swans.

Salikuddin, T. (2022). “Five Things to Know about Sri Lanka’s Crisis” The United States Institute for Peace. July 2022.

Behsudi, A. (2022). “Where the Fed crushing inflation campaign can hurt the most” Politico, 8 March

SIPRI (2023) War in the breadbasket: One year in

Hussein, H. & Knol, M. (2023): The Ukraine War, Food Trade and the Network of Global Crises, The International Spectator, p. 1-22

 

Metodi didattici

Frontal lectures, interactive seminars

Modalità di verifica e valutazione dell'apprendimento

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

Strumenti a supporto della didattica

Ms Teams, Virtuale, videos, power point

Orario di ricevimento

Consulta il sito web di Matteo Dian