POLS 383: Changing World Political Economy

Fall 2004

Instructor: Susan M. McMillan, Ph.D.

Office: Zulauf 402

Office Hours: Tue 10 am-12 noon, Thu 2-3 pm, and by appointment

Office Phone: 753-7055

email (best bet for quick response): s.m.mcmillan@att.net

Home phone: 630-904-5334 (Please call before 9:30pm)

Course Description and Objectives

This course is designed to introduce you to the study of international political economy (IPE) as a sub-field of international relations. We will be examining the complex relationship between politics and economics in the global system. We will study such topics as the key theories about international economic politics, the politics of international trade and monetary management, and the effects of globalization on development, the state, democracy and human rights provision, and on security. Upon completing the course you should be able to identify the key issues and debates in the study of global political economy, and be able to apply analytic perspectives in efforts to understand those issues.

Course Requirements

The requirements for this class are for you to read the assigned materials prior to coming to class, to actually attend class, and to complete all assignments/exams. The lectures will assume that you have done the readings, but will not necessarily review those readings. In some cases, the schedule outlined below leaves the required readings "TBA" (to be announced). You are responsible for finding out what those assignments are in time to do the reading. The text, Theodore Cohnís Global Political Economy: Theory and Practice (3rd ed), is available for purchase. Other readings will be on reserve or available online.

I will not always take attendance, but it is to your advantage to come to class. First, as noted above, you will be responsible for information provided in class. Second, I will give unannounced ("pop") quizzes. The quizzes may be administered in the traditional sense, or they may take the form of in-class assignments. Third, to the extent possible given the size of the group, we will be having in-class discussions that should help you understand the subject matter. There is really no substitute for the synergy that exists in the classroom.

The exams will be administered in class or during the final exam period, and will consist of short-answer and essay questions. The mid-term exam is scheduled for Thursday, October 14. The final exam will be cumulative, but heavily weighted toward material from the 2nd half. Make-up exams will be scheduled only for documented university-approved absences.

You will be required to write an original paper on a topic that will be assigned in the first few weeks of class. More details on my expectations for the paper will be presented in class. The paper is due in class on Thurs., November 18. Late papers will be docked 10% per day, but will not be accepted after Nov. 22.

Your grade for this course will be based on three components; quizzes (a proxy for attendance and participation), a paper, and exams. The breakdown for how each of these will contribute to your grade is as follows:

Quizzes 20%

Paper 25%

Midterm Exam 25%

Final Exam 30%

A Note on Academic Integrity

I expect all work you turn in Ė quizzes, exams, papers, and any other assignments Ė to be your own, with no copying of any one elseís work. You must identify and acknowledge all sources of ideas and information that you use in doing your assignments. I will deal with any cheating or plagiarism as harshly as University policies allow.

Notes from the Department of Political Science

Undergraduate Writing Awards

The Department of Political Science will recognize, on an annual basis, outstanding undergraduate papers written in conjunction with 300-400 level political science courses or directed studies. Authors do not have to be political science majors or have a particular class standing. Winners are expected to attend the Departmentís spring graduation ceremony where they will receive a certificate and $50.00. Papers, which can be submitted by students or faculty, must be supplied in triplicate to a department secretary by February 28. All copies should have two cover pages Ė one with the studentís name and one without the studentís name. Only papers written in the previous calendar year can be considered for the award. However, papers completed in the current spring semester are eligible for the following yearís competition even if the student has graduated.

Statement Concerning Students with Disabilities

Under Section 504 of the Rehabilitation Act of 1973, NIU is committed to making reasonable accommodations for persons with documented disabilities. Those students with disabilities that may have some impact on their coursework and for which they may require accommodations should notify the Center for Access-Ability Resources (CAAR) on the fourth floor of the Health Services Building. CAAR will assist students in making appropriate accommodations with course instructors. It is important that CAAR and instructors be informed of any disability-related needs during the first two weeks of the semester.

Department of Political Science Web Site

Undergraduates are strongly encouraged to consult the Department of Political Science web site on a regular basis. This up-to-date, central source of information will assist students in contacting faculty and staff, reviewing course requirements and syllabi, exploring graduate study, researching career options, tracking department events, and accessing important details related to undergraduate programs and activities. To reach the site, go to http://polisci.niu.edu



Course Schedule



Required Reading





Questions & Dilemmas of IPE; start realism

Text, chapt 1


realist perspective

Text, chapt 3


liberal perspective

Text, chapt 4


historical structural perspective

Text, chapt 5


Economic Basics: trade

Text, pp. 222-227


Economic Basics: money

Text, pp. 143-152


Economic Basics: putting it all together

Text, chapt 2


International Monetary Relations

Text, chapt 6


International Monetary Relations, cont.

Robert Wade, "Globalization at Work: The Fight over Capital Flows" Foreign Policy, (Winter 1998/99).


International Trade

Text, chapt 8


International Trade, cont

Susan Esserman & Robert Howse, "The WTO on Trial" Foreign Affairs, (Jan/Feb 2003), vol. 82, no.1


International Trade, cont

Robert J.S. Ross & Anita Chan, "From North-South to South-South: The True Face of Global Competition" Foreign Affairs, (Sept/Oct 2002).


International Finance and Debt Crises

Text, chapt 7


International Finance and Debt Crises, cont.

Joseph Stiglitz, "Dealing with Debt: How to Reform the Global Financial System" Harvard International Review (Spring 2003).







Challenges of Development

Text, chapt 11


Challenges of Development




Text, chapt 12; Robert Keohane & Joseph S. Nye, "Globalization: What's New, What's Not? (And So What?)" Foreign Policy, vol. 118 (Spring, 2000), pp. 104-119.


Globalization and Development

David Dollar and Aart Kraay, "Spreading the Wealth" Foreign Affairs, (Jan/Feb 2002); Joe W. Pitts, "Inequality is No Myth" Foreign Affairs, (July/Aug 2002).


Globalization and Development, cont.



Globalization and the State

Susan Strange et al., The Retreat of the State: the diffusion of power in the world economy (New York: Cambridge University Press, 1996), pages to be announced. (RESERVE)


Globalization and the State, cont.

Kenneth Waltz, "Globalization and Governance" PS: Political Science, vol. 32, no. 4 (Dec, 1999).


Globalization, Democracy and Human Rights

Economist Survey, July 2003 (RESERVE); Joseph S. Nye, "Globalization's Democratic Deficit: How to Make International Institutions more Accountable" Foreign Affairs, (July/August, 2001).



Course Schedule (cont.)



Required Reading


Globalization, Democracy and Human Rights, cont.

David L. Richards & Ronald D. Gelleny, "Is it a Small World after All? Globalization and Government Respect for Human Rights in Developing Countries" in Coping with Globalization: Cross-National Patterns in Domestic Governance and Policy Performance, Steve Chan and James R. Scarrit, eds. (London and Portland, OR: Frank Cass Publishers, 2002), pp. 56-88. (RESERVE)



Jim Shultz, "Economic Globalization vs. Human Rights: Lessons from the Bolivian Water Revolt" (2003), Funders Network on Trade and Globalization; http://www.fntg.org/news/index.php?op=view&articleid=651




Globalization and Security

Lynn Davis, "Globalization's Security Implications", Rand Paper available at http://www.rand.org/publications/IP/IP245/IP245.pdf


Thanksgiving holiday





Globalization and Security, cont.

Michael Mousseau, "Market Civilization and Its Clash with Terror", International Security (2003) no. 27, vol. 3, pp. 5-29. (RESERVE)


Review for final exam





Final exam week