POLS 383: Changing World Political Economy

Fall 2005

 

Instructor: Susan M. McMillan, Ph.D.

Office: Zulauf 406

Office Hours: Tue 10:30 am-12:30 noon, Thu 12:30-1:30 pm, and by appointment

Office Phone: 753-7048

 

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 IPE and the changing politics of international trade and monetary management.  In addition, we will study globalization – of production as well as trade and money – and its effects on development, 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.  The text, Theodore Cohn’s Global Political Economy: Theory and Practice (3rd ed), is available for purchase.  Other readings will be on reserve in the library and/or available online.  You are responsible for obtaining all required readings.

 

I will not always take attendance, but it is to your advantage to come to class.  First, the schedule and required readings listed below are subject to change and students are responsible for all announcements made 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, and/or points may be given for attendance.  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.   

 

Your grade for this course will be based on two components; quizzes (a proxy for attendance and participation), and exams.  The exams will be administered in class or during the final exam period, and will consist of short-answer and essay questions. There will be two exams during the semester, and one final exam.  All exams will be cumulative, but will be weighted toward material not covered in a previous exam.  Make-up exams will be scheduled only for documented university-approved absences.  The breakdown for how each component will contribute to your grade is as follows:

 

Quizzes/attendance       20%

Exam I (Thu, 9/29)         25%

Exam II (Thu, 11/10)       25%

Final Exam (Tue, 12/6)   30%


 

Additional Items:

First, I want to stress that I am happy to include the following paragraph from the “Enhancing Success” project:

 

“NIU abides by Section 504 of the Rehabilitation Act of 1973 which mandates reasonable accommodations be provided for qualified students with disabilities.  If you have a disability and may require some type of instructional and/or examination accommodation, please contact me early in the semester so that I can provide or facilitate in providing accommodations you may need.  If you have not already done so, you will need to register with the Center for Access-Ability Resources (CAAR), the designated office on campus to provide services and administer exams with accommodations for students with disabilities.  The CAAR office is located on the 4th floor of the University Health Services building (815-753-1303).  I look forward to talking with you soon to learn how I may be helpful in enhancing your academic success in this course.”

 

Second, there is some concern in the political science department that classroom decorum is slipping.  In order for this course to be a pleasant and intellectually stimulating experience for all participants, we must treat one another with respect at all times.  At a minimum, this means that the discussion should remain orderly (differences of opinion are encouraged, but must be expressed in a respectful manner), cell phone interruptions will not be tolerated, and people should refrain from walking in/out of the room except for emergencies.

 

            Third, a note about plagiarism:  I expect all work you turn in to be your own, with no copying of any one else’s 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.

 

            Finally, I will use the online databases (through the library) for readings and the online Blackboard service fairly extensively throughout the semester.  You will need to learn how to use these services if you have not already done so.  I will post the lecture notes (in PowerPoint format), and will post announcements and links to online readings.  You may access Blackboard at: http://webcourses.niu.edu.

 

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 Department’s 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 – one with the student’s name and one without the student’s 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 year’s competition even if the student has graduated.

 

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

 

 


POLS 383 Fall 2005 Course Schedule

 

Date

Day

Topic

Required Reading

8/23/2005

Tu

Introduction

 

8/25/2005

Th

What is IPE? Terminology and key institutions

Text, chapts 1 and 2

 

THEORETICAL PERSPECTIVES:

 

8/30/2005

Tu

Realism

Text, chapt 3

9/1/2005

Th

Liberalism

Text, chapt 4

 

 

 

 

9/6/2005

Tu

Historical structuralism

Text, chapt 5

 

THE CHANGING TRADE SYSTEM:

 

9/8/2005

Th

Trade theory

Text, pp. 222-227

 

 

 

 

9/13/2005

Tu

Theory, cont.; start history

Text, remainder of chapt 8

9/15/2005

Th

Historical evolution

Text, chapt 8 (cont)

 

 

 

 

9/20/2005

Tu

Current Issues: Regionalism

Text, chapt 9

9/22/2005

Th

Current Issues: Legitimacy of WTO

Oatley, Thomas, ed. (2004) The Global Economy: Contemporary Debates (New York, etc: Pearson Longman), chapter 6 (Reserve - includes 2 articles).

 

 

 

 

9/27/2005

Tu

Current Issues: WTO Dispute Resolution

Alter, Karen (2003) "Resolving or Exacerbating Disputes?..." International Affairs, vol. 79, no. 4, pp. 783-800.

9/29/2005

Th

EXAM I

 

 

 

 

 

 

THE CHANGING MONETARY SYSTEM:

 

10/4/2005

Tu

Theory; money and exchange rates

Text pp. 143-152

10/6/2005

Th

Theory and history

Sachs, Jeffrey and Felipe Larrain (Fall, 1999) "Why Dollarization is More Straitjacket…", Foreign Policy, no. 116, pp. 80-92.

 

 

 

 

10/11/2005

Tu

Historical Evolution (cont)

Text, remainder of chapt 6

10/13/2005

Th

International Finance and Debt Crises

Text, chapt 7

 

 

 

 

10/18/2005

Tu

Current Issues: Capital controls

Doraisami, Anita, "The Political Economy of Capital Flows and Capital Controls in Malaysia", Journal of Contemporary Asia, vol. 35, no. 2 (2005), pp. 249-263; Forbes, Kristin, "International Monetary Reform and Capital Freedom - Capital Controls: Mud in the Wheels of Market Efficiency" The CATO Journal, vol. 25, no. 1 (2005), p. 153-166.

10/20/2005

Th

Current Issues: Strong or weak dollar

Lindsey, Lawrence (March/Apr 2001) "In the Dollar We Trust", International Economy, vol. 15, issue 2, pp. 6+; Bergsten, Fred (Jul/Aug 2001) "Strong Dollar, Weak Policy" International Economy, vol. 15, issue 4, pp. 8+

 


POLS 383 Fall 2005 Course Schedule (cont.)

 

Date

Day

Topic

Required Reading

 

CHALLENGES OF DEVELOPMENT:

 

10/25/2005

Tu

Theory and history

Text chapt 11

 

 

 

 

10/27/2005

Th

Current Issues: Debt and development

Easterly, William (2002) The Elusive Quest for Growth (Cambridge, MA: MIT Press), chapt. 7 (Reserve); Stiglitz, Joseph (Spring 2003) "Dealing with Debt" Harvard International Review, vol. 25, issue 1, pp. 54-59.

 

 

 

 

11/1/2005

Tu

Current Issues: Trade and Development

Dollar and Kraay, (Jan/Feb 2002) "Spreading the Wealth" Foreign Affairs, pp. 120-133; Rodrik, Dani (Mar/Apr 2001) "Trading in Illusions" Foreign Policy, issue 123, pp. 54-62.

11/3/2005

Th

Current Issues: Foreign Aid

David Dollar, (Spring 2003) "Eyes Wide Open" Harvard International Review, vol. 25, issue 1, pp. 48-52; Easterly, William (July/Aug 2002) "The Cartel of Good Intentions" Foreign Policy, issue 131, pp. 40-44.

 

 

 

 

 

GLOBALIZATION AND ITS CONSEQUENCES:

11/8/2005

Tu

Globalization and potential for reversal?

Text, chapt 12; "Measuring Globalization: The Top 20", Foreign Policy, May/June 2005, issue 148, pp. 52-59; Ferguson, Niall (Mar/Apr 2005) "Sinking Globalization" Foreign Affairs, vol. 84, no.2, pp. 64+.

11/10/2005

Th

EXAM II

 

 

 

 

 

11/15/2005

Tu

Global production

Text chapt 10

11/17/2005

Th

MNCs and human rights

Drezner, Daniel, "Bottom Feeders", Foreign Policy, issue 121 (Nov/Dec 2000), pp. 64-70; Finnegan, William, "Letter from Bolivia: Leasing the Rain", New Yorker 2002 (http://www.newyorker.com/printables/fact/020408fa_FACT1)

 

 

 

 

11/22/2005

Tu

Globalization and democracy

Kamat, Sangeeta (Spring 2003) "NGOs and the New Democracy" Havard International Review, vol. 25, issue 1, pp. 65-69; Barber, Benjamin, "Globalizing Democracy" (http://www.globalpolicy.org/globaliz/cultural/0207bb.htm)

11/24/2005

Th

Thanksgiving holiday

 

 

 

 

 

11/29/2005

Tu

Globalization and Governance

Wright, Robert (Jan 2000) "Continental Drift", The New Republic, vol. 222, issue 3, pp. 18-23; Wolf, Martin (Jan/Feb 2001) "Will the Nation-State Survive Globalization?" Foreign Affairs, vol. 80, no. 1, pp. 178-190.

12/1/2005

Th

Globalization and Security

Naim, Moises, (Jan/Feb 2003) "The Five Wars of Globalization" Foreign Policy, issue 134, pp. 29-37.

 

 

 

 

12/6/2005

Tu

FINAL EXAM; 2-3:50 pm

The final exam is cumulative