Future of the World Economy

(Just pick 4-5 citations please).
FORUM-1 PAGE
In light of everything you’ve learned in this course, what is your informed–and cautious–prediction regarding the future of the

global economy?
1) – For instance, will the US be able to continue to act as the ultimate guarantor of global free trade and openness?
2) – What will be the consequence of the global debt crisis?
3) – Will the never-ending growth model of our current capitalist system clash with the impending threat of climate change?
Instructions: Your initial post should be at least 500 words.
NOTE: All three required posts should be supported by course readings using parenthetical references.
You must confine your sources to course materialsand references listed below (A-H) per class forums and all references should be cited

in Turabian format. Use the in text citation.
USE INTEXT CITATION PLEASE FOR EXAMPLE (MARTIN 1998, 39). FOLLOW TURBIAN INTEXT CITATION FOR THIS INSTEAD OF NUMBERS. (LAST NAME YEAR

AND PAGE NUMBER)

A) Origins/Foundations of the World Economy
Reading & Resources

Schenk, Catherine R. 2011. International Economic Relations Since 1945. n.p.: Routledge, 2011. Pp. 1-54.

HELLEINER, ERIC. 2010. “A Bretton Woods moment? The 2007–2008 crisis and the future of global finance.” International Affairs 86, no.

3: 619-636.

Eichengreen, Barry. 1999. “Chapter 2: The Political Economy of the Smoot-Hawley Tariff.” In International Political Economy, 37-46.

n.p.: 1999.
B) IPE Theories
Reading & Resources

Gilpin, Robert. 1987. Three Ideologies of Political Economy. The Political Economy of International Relations. Princeton: Princeton

University Press. Pp. 25-64.

Krasner, Stephen D. 1999. “Chapter 1: State Power and the Structure of International Trade.” In International Political Economy, 19-36.

n.p.: 1999.

Eichengreen, Barry. 1999. “Chapter 14: Hegemonic Stability Theories of the International Monetary System.” In International Political

Economy, 220-244. n.p.: 1999.
Cowen, Tyler. 2008. Freer trade could fill the world’s rice bowl. The New York Times, April 27.

Rodrik, Dani. 2009. Blame The Economists, not economics.

Rothkopf, David. 2008. Change is in the air for financial superclass. The Financial Times, May 15.
Rothkopf, David. 2008. They’re global citizens. They’re hugely rich. And they pull the strings. The Financial Times, May 4.

Halliday, Fred. 2008. Sovereign wealth funds: power vs. principle. Open Democracy, March 5.

Kimmitt, Robert M. 2008. Sovereign wealth funds and the world economy. Foreign Affairs. January/February.
The Washington Post. Editorial. “Is capitalism moral?” March 16, 2013. (If the link works, great. if not, no worries)
http://articles.washingtonpost.com/2013-03-20/opinions/37870313_1_crony-capitalism-government-moral-act

C) Globalization

Overview:
Globalization is not a new phenomenon in human history but the current iteration appears to be somewhat unprecedented in the extensive

nature of its reach. The onset of a revolution in communications and transportation technologies has meant that no place in the world

is truly local any longer. Economic globalization was the initial catalyst but globalization now reaches into every corner of human

endeavor, including politics, culture, etc. We are now truly one world.

Students will be able to:
• CO-2: Apply theories of IPE and globalization on various regions of the world, addressing the key distinctions between

developed and developing economies.

In this lesson, we will discuss:

The characteristics and consequences of globalization.

The following activities and assessments need to be completed this week:
Readings:
Schenk, Catherine R. 2011. International Economic Relations since 1945. n.p.: Routledge, 2011. Pp. 76-120.
Friedman, Thomas L. 2005. It’s a flat world, after all. New York Times Magazine (Apr. 3).

Rugman, Alan and Chang Oh. 2008. “Friedman’s Follies: Insights on the Globalization/Regionalization Debate.” Business & Politics 10, no

2. 1-14.

Ghemawat, Pankaj. 2007. Why the world isn’t flat. Foreign Policy, March/April.

Assignment:

Week 3 Forum
D) International Finance and Trade
Reading & Resources

Gilpin, Robert. 2000. The insecure trading system in The Challenge of Global Capitalism. Princeton: Princeton University Press. Pp.

88-113.

Cohen, Benjamin J. 1999. “Chapter 15: The Triad and the Unholy Trinity: Problems of International Monetary Cooperation.” In

International Political Economy, 245-256.

Rodrik, Dani, and Arvind Subramanian. 2009. “Why Did Financial Globalization Disappoint?” IMF Staff Papers 56, no. 1: 112-138.
Coughlin, Cletus C. 2002. “The Controversy Over Free Trade: The Gap Between Economists and the General Public.” Review (00149187) 84,

no. 1. 1-21.

Freeman, Richard B. 1999. “Are Your Wages Set in Beijing?” In International Political Economy, 343-352.

Park, Jong H. 2002. “GLOBALIZATION OF FINANCIAL MARKETS AND THE ASIAN CRISIS: SOME LESSONS FOR THIRD WORLD DEVELOPING COUNTRIES.”

Journal Of Third World Studies 19, no. 2: 141-164.

E) Multinational Corporations
Reading & Resources
Friedman, Thomas L. 2005. “The Dell Theory of Conflict Prevention.” The World is Flat: A Brief History of the Twenty-first Century. New

York: Farrar, Straus and Giroux. Pp. 414-469.

Aldaeaj, Hamad, Mary S. Thibodeaux, and Ercan G. Nasif. 1991. “A Power Model of Multinational Corporation–Nation-State Relationships.”

SAM Advanced Management Journal (07497075) 56, no. 3: 11-18.

Caves, Richard E. 1999. “Chapter 9: The Multinational Enterprise as an Economic Organization.” In International Political Economy, 145

-155.

Tarzi, Shah M. 1999. “Chapter 10: Third World Governments and Multinational Corporations: Dynamics of Host’s Bargaining Power.” In

International Political Economy, 156-166.

Drezner, Daniel W. 2004. “The Outsourcing Bogeyman.” Foreign Affairs 83, no. 3: 22-34.
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| Table Of Contents
F) International Development
Reading & Resources

Schenk, Catherine R. 2011. International Economic Relations Since 1945. n.p.: Routledge, 2011. Pp. 55-75.

Frieden, Jeffry A. 1999. “Chapter 7: International Investment and Colonial Control: A New Interpretation.” In International Political

Economy, 109-126.

Litonjua, M. D. 2012. “THIRD WORLD/GLOBAL SOUTH: FROM MODERNIZATION, TO DEPENDENT/LIBERATION, TO POSTDEVELOPMENT.” Journal Of Third

World Studies 29, no. 1: 25-56

Ha, Eunyoung. 2012. “Globalization, Government Ideology, and Income Inequality in Developing Countries.” Journal Of Politics 74, no. 2:

541-557.
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| Table Of Contents
G) The State and Economic Development
Reading & Resources

Gainsborough, Martin. 2009. “The (Neglected) Statist Bias and the Developmental State: the case of Singapore and Vietnam.” Third World

Quarterly 30, no. 7: 1317-1328.

Hayashi, Shigeko. 2010. “The developmental state in the era of globalization: beyond the Northeast Asian model of political economy.”

Pacific Review 23, no. 1: 45-69.
Stubbs, Richard. 2011. “The East Asian developmental state and the Great Recession: evolving contesting coalitions.” Contemporary

Politics 17, no. 2: 151-166.

Howell, Jude. 2006. “Reflections on the Chinese State.” Development & Change 37, no. 2: 273-297.

BARDHAN, PRANAB. 2010. “THE PARADIGM OF CAPITALISM UNDER A DEVELOPMENTAL STATE: DOES IT FIT CHINA AND INDIA?” Singapore Economic Review

55, no. 2: 243-251.

MCNALLY, CHRISTOPHER A. 2013. “How Emerging Forms of Capitalism Are Changing the Global Economic Order.” Asiapacific Issues no. 107: 1

-8.
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H) Future of the Global Economy

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