GEGA4000 / GEGA012 – Global Politics and Wealth
|Suggested Year of Study:||4|
Department of Government and Public Administration
|Medium of Instruction:||English|
This course examines the political process of international economy, and the interaction between state and market, and between power and wealth in international relations. The course will present (1) the history of international political economy; (2) basic theories and different schools and approaches; 3) analysis of basic issues on trade, investment, development, globalization and regional integration; and 4) examination of the interactions between the rising China and the global economy.
Intended Learning Outcomes (ILO)
The students will be able to:
- Describe the history and evolution (and occasional devolution) of the international economic, trade and monetary systems and the role of state interventions in both fostering and repressing these international economic systems.
- Read and evaluate two periods of globalization that occurred prior to the First World War and subsequent to the Second World War, as well as the limited and nationalized nature of international trade and economy in the interwar period.
- Identify for the post-war Bretton Woods restoration of liberal trade and sound international money for the development of enormous wealth and its proliferation around with the world with the extension of liberal trade to East Asia, China and emerging markets.
- Tell how the global trading regime organized under the World Trade Organization as well as regional free trade areas enhance growing global wealth.
- Discuss the major theories of international political economy, analytical logics of globalization, and analytical tools such as game theory that may serve as heuristic devices to help us understand how to resolve problems of coordination of beneficial international economic activity.
- Interpret the sources and consequences of destructive financial crises and their contagion effects in the developing and developed world, and proposals for international financial architectures to mitigate these events, as well as problems of inequality in the generation of wealth in the developing world.