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The Study of International Politics II: International Political EconomyProfessor Cédric Dupont
Description The aim of this seminar is to give students a solid grasp of the politics of international economic relations. The course examines how domestic and international politics influence national economic policies and the flows of goods and capital over national borders. It emphasizes current or longstanding theoretical debates in the field and tries to put current problems in historical perspective. Issues such as protectionism, financial crises or regional integration will get a particular coverage.
Prerequisite and requirements
This class is designed for MIS/ PhD students in political science. An economics or quantitative method background is not required, but a willingness to engage with readings with statistical analysis is mandatory. The instructor takes for granted that students have had prior exposure to some basic theoretical approaches in the study of international politics. Substantive background is not required but those without any knowledge of the evolution of international economic flows in the last 100 years should have a look at the some of the books listed below under general references.
As for requirements, students must write two discussion papers and write one final exam in class (open book) on December 20. The discussion papers are short papers (between 1500 and 2000 words) on the readings (or a subset of them after discussion with the instructor) for one class session (starting from Oct. 7). Students should briefly review the main points found in the readings and then discuss them critically, either on an abstract level or in connection with empirical developments. Discussion papers are due at the beginning of the class on the given session. The exam aims at evaluating your ability to: a) make links between various theoretical and empirical issues covered in class and in the readings; b) develop your own thinking about some empirical developments. Grades for the class will be determined as follows: 25% for each discussion paper and 50% for the final exam.
Readings and resources
The emphasis of the course is on discussions of the theoretical work in connection with the evolving economic and political context in which they occur. It is therefore essential to do the readings before coming to class. Readings are not assembled in a course packet but available online from the webpage of the class or through the electronic resources of the HEID library (in particular A to Z periodicals).
Below we provide some additional references as well as useful websites.
Economics – References:
Burda, M. and Wyplosz, C., Macroeconomics, A European Text (Third edition).
Krugman, P. and Obstfeld, M. International Economics: Theory and Policy (latest edition).
International Political Economy – General Bibliography:
Cohn, Theodore H. 2007. Global Political Economy: Theory and Practice. New York: Longman (4th edition).
Dicken, Peter 2007. Global Shift: Reshaping the Global Economic Map in the 21st Century. London: Sage.
Eichengreen, Barry 1996/2008. Globalizing Capital. Princeton: Princeton University Press.
Eichengreen, Barry 2002. Financial Crises. Oxford: Oxford University Press.
Grieco, Joseph M. and G. John Ikenberry 2003. State Power and World Markets. New York: W.W. Norton.
Helleiner, Eric 1994. States and the Reemergence of Global Finance: From Bretton Woods to the 1990s. Ithaca: Cornell University Press.
Ravenhill, John, ed. 2008 (2nd ed). Global Political Economy. Oxford: Oxford University Press.
Spero, Joan and Jeffrey Hart 1997/2003/2010. The Politics of International Economic Relations. London: Routledge.
Journals:
International Organization; The World Economy; Review of International Political Economy (RIPE); Journal of Economic Perspectives; World Development; Journal of Common Market Studies. Economic Policy; Foreign Affairs; Foreign Policy; Third World Quarterly.
Newpapers, Magazines:
The Economist, Financial Times, Wall Street Journal, International Herald Tribune; Far Eastern Economic Review (for Asia).
Course Topics and Schedule
You will learn the most from this course if you do the reading on each topic before coming to class. It is important for you to assimilate from the reading not just facts but concepts, ideas, and arguments. The readings are available for purchase in a course kit that you must order and pre-pay to Imprimerie Minute. Two sets will be on hold at the library.
Introduction (September 23)
Ravenhill, John 2008. The Study of Global Political Economy. In Global Political Economy, edited by John Ravenhill. Oxford, Oxford University press: 3-26.
Part I: Theoretical Traditions in International Political Economy
A. Mapping the Field (Sept. 30)
Watson, Matthew 2008. Theoretical Traditions in Global Political Economy. In Global Political Economy, edited by John Ravenhill. Oxford, Oxford University press: 27-66.
Cohen, Benjamin C. 2007. "The transatlantic divide: Why are American and British IPE so different?" Review of International Political Economy 14(2): 197-219.
Higgott, Richard and Matthew Watson 2008. "All at sea in a barbed wire canoe: Professor Cohen's transatlantic voyage in IPE." Review of International Political Economy 15(1): 1-17.
Ravenhill, John 2008. "In search of the missing middle." Review of International Political Economy 15(1): 18-29.
B. Classics on the classic theoretical trinity (Oct. 7)
Keohane, Robert O. 1982. "The Demand for International Regimes." International Organization 36(2): 325-355.
Krasner, Stephen D. 1976. State Power and the Structure of International Trade. World Politics 28(3): 317-347.
Mastanduno, Michael 2009. "System Maker and Privilege Taker U.S. Power and the International Political Economy." World Politics 61(1): 121-154.
Wallerstein, Immanuel 1974. Dependence in an Interdependent World: The Limited Possibilities of Transformation within the Capitalist World Economy. African Studies Review 17(1): 1-26.
Wallerstein, Immanuel 1976. Semi-Peripheral Countries and the Contemporary World Crisis. Theory and Society 3(4): 461-483.
Part II: The Politics of International Trade
Accominotti, Olivier and Marc Flandreau 2008. "Bilateral Treaties and the Most-Favored-Nation Clause The Myth of Trade Liberalization in the Nineteenth Century." World Politics 60(2): 147-188.
Coutain, Bryan 2009. "The Unconditional Most-Favored-Nation Clause and the Maintenance of the Liberal Trade Regime in the Postwar 1870s." International Organization 63(Winter): 139-175.
O'Rourke, Kevin H. and Jeffrey G. Williamson 1999. Globalization and History: The Evolution of a 19th Century Atlantic Economy. Cambridge, MIT Press. (chap. 5 &6)
Pahre, Robert 1998. "Reactions and Reciprocity: Tariffs and Trade Liberalization From 1815 to 1914." Journal of Conflict Resolution 42(4): 467-492.
B1. Attitudes and preferences toward trade policy (Oct. 21)
Chase, Kerry A. 2008. "Moving Hollywood Abroad: Divided Labor Markets and the New Politics of Trade in Services." International Organization 62 (Fall): 653-687.
Hiscox, Michael 2006. Through a Glass and Darkly: Attitudes Toward International Trade and the Curious Effect of Issue Framing. International Organization 60(3): 755-780.
Hiscox, Michael. 2001. Class versus Industry Cleavages: Inter-Industry Factor Mobility and the Politics of Trade. International Organization 55(1): 1-46.
Mansfield, Edward D. and Diana C. Mutz 2009. "Support for Free Trade: Self-Interest, Sociotropic Politics, and Out-Group Anxiety." International Organization 63 (Summer): 425-457.
Rogowski, Ronald. 1987. Political Cleavages and Changing Exposure to Trade. American Political Science Review 81 (4):1121-1137. (reprinted in David A. Lake, ed. The International Political Economy of Trade, vol. I, Aldershot: Elgar.).
B2. Institutions and political action (Oct. 28)
Aggarwal, Vinod K., Robert O. Keohane and David B. Yoffie 1987. The Dynamics of Negotiated Protectionism. American Political Science Review 81(2): 345-366.
Bailey, Michael A., Judith Goldstein, and Barry R. Weingast. 1997. The Institutional Roots of American Trade Policy. Politics, Coalitions, and International Trade. World Politics 49 (3):309-338.
Ehrlich, Sean D. 2007. "Access to Protection: Domestic Institutions and Trade Policy in Democracies." International Organization 61 (Summer): 571-605.
Guisinger, Alexandra 2009. "Determining Trade Policy: Do Voters Hold Politicians Accountable?" International Organization 63 (Summer): 533-557.
Hathaway, Oona A. 1998. Positive Feedback: The Impact of Trade Liberalization on Industry Demands for Protection. International Organization 52(3): 575-612.
Kono, Daniel Yuichi 2009. "Market Structure, Electoral Institutions, and Trade Policy." International Studies Quarterly 53: 885-906.
C1 Choosing between different types of international instruments and forums (Nov. 4)
Dür, Andreas 2010. Protection for Exporters. Power and Discrimination in Transatlantic Trade Relations 1930-2010. Ithaca, Cornell University Press. (chap. 1 and Conclusion)
Naoi, Megumi 2009. "Shopping for Protection: The Politics of Choosing Trade Instruments in a Partially Legalized World*." International Studies Quarterly 53(421-444).
Ravenhill, John 2010. "The 'new East Asian regionalism': A political domino effect." Review of International Political Economy 17(2): 178-208.
Strange, Susan 1985. "Protectionism and World Politics." International Organization 39(2): 233-259.
Tobin, Jennifer and Marc L. Busch 2010. "A BIT is Better Than a Lot: Bilateral Investment Treaties and Preferential Trade Agreements." World Politics 62(1): 1-42.
C2 WTO and the global trade regime (Nov. 11)
Busch, Marc L. and Krzysztof J. Pelc 2010. "The Politics of Judicial Economy at the World Trade Organization." International Organization 64 (Spring): 257–279.
Goldstein, Judith, Douglas Rivers, et al. 2007. "Institutions in International Relations: Understanding the Effects of the GATT and the WTO on World Trade." International Organization 61 (Winter): 37-67.
Kucik, Jeffrey and Eric Reinhardt 2008. "Does Flexibility Promote Cooperation? An Application to the Global Trade Regime." International Organization 62 (Summer): 477-505.
Pauwelyn, Joost 2005. "The Transformation of World Trade." Michigan Law Review 1004(1): 1-6.
Pauwelyn, Joost 2008. "New Trade Politics for the 21st Century." Journal of International Economic Law 11(3): 559-573.
Zangl, Bernhard 2008. "Judicialization Matters! A Comparison of Dispute Settlement Under GATT and the WTO." International Studies Quarterly 52: 825–854.
Part III: The politic economy of international monetary flows and global finance
Bearce, David H. 2003. Societal Preferences, Partisan Agents, and Monetary Policy Outcomes. International Organization 57(2): 373-410.
Frieden, Jeffry A. 1994. Exchange Rate Politics: Contemporary Lessons from American History. Review of International Political Economy 1 (1):81-103.
Frieden, Jeffry A. 2002. Real Sources of European Currency Policy: Sectoral Interests and European Monetary Integration. International Organization 56 (4): 831-860.
Kinderman, Daniel 2008. "The political economy of sectoral exchange rate preferences and lobbying: Germany from 1960-2008, and beyond." Review of International Political Economy 15(5): 851-880.
Walter, Stefanie 2008. "A New Approach for Determining Exchange-Rate Level Preferences." International Organization 62 (Summer): 405-438.
Bearce, David H. 2008. "Not Complements, But Substitutes: Fixed Exchange Rate Commitments, Central Bank Independence, and External Currency Stability." International Studies Quarterly 52: 807-824.
Bernhard, William, and David Leblang. 1999. Democratic Institutions and Exchange-rate commitments. International Organization 53 (1): 71-97.
Broz, J. Lawrence 2002. Political System Transparency and Monetary Commitment Regimes. International Organization 56(4): 861-887.
Chiu, Eric M. P. 2009. "The Interactions of Strength of Governments and Alternative Exchange Rate Regimes in Avoiding Currency Crises" International Studies Quarterly 53: 1001-1025.
Hardie, Ian 2006. The Power of Markets? The International Bond Markets and the 2002 Elections in Brazil. Review of International Political Economy 13(1): 53-77.
Pepinsky, Thomas B. 2008. "Capital Mobility and Coalitional Politics Authoritarian Regimes and Economic Adjustment in Southeast Asia." World Politics 60(3): 438-474.
C1. The forging of global capital markets and global currencies (Dec. 2)
Deeg, Richard and Mary O'Sullivan 2009. "The Political Economy of Global Finance Capital." World Politics 61(4): 731-763.
Helleiner, Eric 1994. States and the Reemergence of Global Finance: From Bretton Woods to the 1990s. Ithaca, Cornell University Press (chap. 4-6).
Helleiner, Eric 2008. "Political determinants of international currencies: What future for the US dollar?" Review of International Political Economy 15(3): 354-378.
Kirshner, Jonathan 2008. " Dollar primacy and American power: What's at stake?" Review of International Political Economy 15(3): 418-438.
O'Rourke, Kevin H. and Jeffrey G. Williamson 1999. Globalization and History: The Evolution of a 19th Century Atlantic Economy. Cambridge, MIT Press. (chap. 11 &12).
C2. Politics of recent rule-making (Dec. 9)
Chwieroth, Jeffrey M. 2008. "Normative Change from Within: The International Monetary Fund’s Approach to Capital Account Liberalization." International Studies Quarterly 52: 129–158.
Drezner, Daniel W. 2007. All Politics is Global. Explaining International Regulatory Regimes. Princeton, Princeton University Press (chap. 5)
Pauly, Louis 2009. "The Old and the New Politics of International Financial Stability." Journal of Common Market Studies 47(5): 955-975.
Posner, Elliot 2009. "Making Rules for Global Finance: Transatlantic Regulatory Cooperation at the Turn of the Millennium." International Organization 63 (Fall): 665-699.
FINAL EXAM IN CLASS ON DECEMBER 16
Conclusion and wrap-up (December 23)
Burgoon, Brian 2009. "Globalization and backlash: Polayni's revenge?" Review of International Political Economy 16(2): 145-177.
Course OrganisationCourse Number: E583 - 6 ECTS Time: Thursdays 14:15-16:00 Location: Rigot 2
Professor Cédric Dupont graduateinstitute.ch
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