82007 - International Economics Policy

Learning outcomes

The Course provides theoretical, analytical and conceptual tools to understand, interpret and explain the connections between political and economic processes in international politics. In particular, it aims to helping students achieve: 1). a good knowledge of mainstream approaches; 2). a wide knowledge of its fields of enquiry (trade, investments, monetary policy, finance, multinational corporations, development approaches; and 3). a good capacity to understand the complexities faced by policy-makers when making decisions in the cotemporary global economic scenario

Course contents

The first part of the Course offers an in-depth overview of main theoretical approaches in the International/Global Poltical Economy literature. The second part develops into seminaries which are occasions to discuss further arguments within the field as  well as to reflect over and analyse current debates and challenges in IPE. Students are required to read the material assigned before Classes especially during the second part of the Course (Seminrs).

Main themes will be:

- main approaches of IPE, old and new scholarship

- power and economic relations

- institutionalism and cooperation

- domestic policies determinants

- the international monetary system

- the International trade system

- development

- globalization

The first part is composed of 16 hours; the second of 12 hours. During the second part two groups are formed and class activities will be divided between Prof. Ceccorulli (Group 1) and Prof.  Agostinis (group 2).

 

Guest Lecturers could be invited to talk of specific issues.

 

Readings/Bibliography

First Part: Theories and concepts

Topic 1.Introduction to IPE

Ravenhill, L. (2017 o edizioni successive), ‘The Study of Global Political Economy’, in Ravenhill, J. (ed), Global Political Economy, Oxford University Press. (ed.ita 2013, ch.1)

Strange, S. (1970), ‘International Economics and International Relations: A Case of Mutual Neglect’, International Affairs, 46, 2, pp. 304-315.

Cohen, B. (2007), ‘The transatlantic divide: Why are American and British IPE so different?’, Review of International Political Economy, 14, 2, pp. 197-219.

Topic 2.Mercantilism (economic nationalism)

Viner, J. (1948), ‘Power versus plenty as objectives of foreign policy in the seventeenth and eighteenth century’, World Politics, 1, pp. 1-29.

Hirschman, A.O., (1945), National Power and The Structure of Foreign Trade, Berkeley, University of California Press, 1945, available at: https://dspace.gipe.ac.in/xmlui/bitstream/handle/10973/29303/GIPE-026809.pdf?sequence=2&isAllowed=y, pp. 3-34.

Topic 3.Liberalism

Irwin, D. (1996), Against The Tide: An Intellectual History of Free Trade, Princeton, Princeton University Press, pp.75-100.

Oneal, J. R. and Russett, B. (1999) ‘The Kantian Peace: The Pacific Benefits of Democracy, Interdependence, and International Organizations, 1885-1992’, World Politics, 52, 1, 22, pp. 1-36.

Topic 4.Marxism

J. Grieco, J.G. Ikenberry and M. Mastanduno (2015 or later editions), ‘Power, Politics and the World Economy’, in J. Grieco, J.G. Ikenberry and M. Mastanduno, Introduction to International relations, Palgrave, pp. 286-296 (check pages for later editions).

Wallerstein, I. (2004), World-Systems Analysis. An Introduction, Duke University Press, Ch. 2, pp. 23-41.

Topic 5.Great powers and the global economic order

Krasner, D. (1976) State Power and the Structure of International Trade, World Politics, 28, 3, 1976, pp. 317-347

Snidal, D. (1985), ‘The Limits of Hegemonic Stability Theory’, International Organization, 39, 1985, pp.579-614.

Topic 6. Cooperation and institutionalism

Keohane, R. O. (1984), After hegemony: Cooperation and Discord in the World Political Economy, Princeton, Princeton University Press, ch 4, 6.

Grieco, J. M. (1988) ‘Anarchy and the limits of cooperation: a realist critique to the newest liberal Institutionalism’, International Organization, 43, 2, pp.485-507.

Topic 7.Domestic determinants of economic policies

Hiscox, M. J. (2017 o edizioni successive), ‘The Domestic Sources of Foreign Economic Policies’, in Ravenhill, J., Global Political Economy, Oxford University Press (ed. Ita 2013 ch. 4).

Mansfield, E.D. Milner, H.V. and Rosendorff, P.B. (2000) ‘Free to Trade: Democracies, Autocracies and International Trade’, American Political Science Review, 94, pp.305-321.

Second Part: Seminars: the global economic order

Group 1 - Prof. Ceccorulli

1. The international monetary system

   Helleiner, E. (2017), ‘The Evolution of the International Monetary and Financial System’, in Ravenhill, J. (ed), Global Political Economy, Oxford University Press. (ed ita 2013 ch. 7)

   Krugman, P. R., Obstfeld, M. and Melitz, M.J. (2019), ‘Il Sistema monetario internazionale: una panoramica storica’, Economia Internazionale 2 (Economia monetaria internazionale), pp. 271-290 (Tranne 282-288)

2. The international trade system

   Krugman, P. R., Obstfeld, M. and Melitz, M.J. (2019), ‘Negoziati internazionali e politica commerciale’, in Economia Internazionale 1 (Teoria e Politica del Commercio Internazionale), pp. 286-307.

   Class activities

3. Development and inequality

   J. Grieco, J.G. Ikenberry and M. Mastanduno (2015 or later editions), ‘Dilemmas of development’, in J. Grieco, J.G. Ikenberry and M. Mastanduno, Introduction to International relations, Palgrave, pp. 320-341 (check pages for later editions ).

   Krugman, P. R., Obstfeld, M. and Melitz, M.J. (2019), ‘I paesi in via di sviluppo: crescita, crisi e riforma’, in Economia Internazionale 2 (Economia monetaria internazionale), pp. 407- 417.

4. Economic globalization

   McGrew, A. (2017 o edizioni seguenti), ‘The Logics of Economic Globalization’, in Ravenhill, J. (ed),Global Political Economy, Oxford University Press. (ed. ita 2013 ch. 9)

   Baldwin, R. (2018), ‘Introduzione’ e ‘Che cosa vi è di veramente nuovo’?. In La grande convergenza, Il Mulino. Pp. 11-24 ; 145-181.

5. Globalization challenges

   Material to be distributed by Professor

   THEMES:

   1. The pandemic and globalization
   2. The war in Ukraine and globalization
   3. Political impact of internal inequalities
      
      
6. Globalization and the liberal order

Readings to be distributed by Professor

1. The rise of China
2. The reform of the Liberal International Order

Group 2- Prof. Agostinis

1. The International Monetary System

   Helleiner, E. (2017), ‘The Evolution of the International Monetary and Financial System’, in Ravenhill, J. (ed), Global Political Economy, Oxford University Press. (ed ita 2013 ch. 7)

   Krugman, P. R., Obstfeld, M. and Melitz, M.J. (2019), ‘Il Sistema monetario internazionale: una panoramica storica’, Economia Internazionale 2 (Economia monetaria internazionale), pp. 271-290 (Tranne 282-288)

2. The International trade system

   Krugman, P. R., Obstfeld, M. and Melitz, M.J. (2019), ‘Negoziati internazionali e politica commerciale’, in Economia Internazionale 1 (Teoria e Politica del Commercio Internazionale), pp. 286-307.

   Class activities

3. Development and inequality

   J. Grieco, J.G. Ikenberry and M. Mastanduno (2015 or later editions), ‘Dilemmas of development’, in J. Grieco, J.G. Ikenberry and M. Mastanduno, Introduction to International relations, Palgrave, pp. 320-341 (check pages for later editions ).

   Krugman, P. R., Obstfeld, M. and Melitz, M.J. (2019), ‘I paesi in via di sviluppo: crescita, crisi e riforma’, in Economia Internazionale 2 (Economia monetaria internazionale), pp. 407- 417.

4. Economic regionalism

   Börzel, T., and Risse, T. (2016). “Introduction.” In Börzel, T. & Risse, T. (Eds.) Oxford Handbook of Comparative Regionalism. Oxford University Press, Introduction, pp. 37-44.
   Ravenhill, J. (2021). “Regional Trade Agreements.” In Ravenhill, J. (ed.), Chapter 6.
   Kim, S.Y., Mansfield, E.D., and Milner, H.V. (2016). “Regional Trade Governance.” In Börzel, T. and Risse, T. (Eds.), Chapter 15.
   
   
5. Globalization challenges

Readings to be distributed by Professor

THEMES:

1. Globalization and the pandemic
2. War in Ukraine and globalization
3. Political impact of internal inequality

6. Globalization and the liberal order

Readings to be distributed by Professor

THEMES:

1. The rise of China
2. The reform of the Liberal International Order (LIO)

Teaching methods

Frontal Lectures and Seminars. Critical comment of journals articles, class activities and presentations

Assessment methods

Attending students:

- participation to all activities and class participation

- oral examination on the programme (excepted Seminars 5-6)

 

Non-Attending students:

- oral examination on the programme (excepted Seminars 5-6)

- monograph (one among the below) also on English translation (please check with the Professor in case of problems)

 

-Rodrik, D. (2020 ed. ita), La globalizzazione intelligente, LaTerza.

-Milanovic, B. (2017 ed. ita), Ingiustizia globale, LUISS.

-Keynes, J.M. (2007 ed. ita), Le conseguenze economiche della pace, Adelphi.

-Baldwin, R. (2018 ed. ita), La grande convergenza, il Mulino.

 

 

Teaching tools

Power-points, video, critical discussion, class activities

Office hours

See the website of Michela Ceccorulli

See the website of Giovanni Agostinis