IPE_Undergrad_Syllabus_Fall_2013

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Fall 2013 / T & Th 11:15am - 12:30pm / Woodburn Hall 120

Political Science 376: International

Political Economy

William Kindred Winecoff

Indiana University at Bloomington

Office: Woodburn 403

Hours: Th. 1-4 oba

[email protected]

course description

The global economy is governed by a political system under which pro-

duction, investment, and exchange are conducted. National governments

use domestic and international institutions to create these rules. These

rules benefit some groups and harm others. Therefore, bargaining occurs

both within and between governments. Private sector agents such as

firms, workers, farmers, and advocacy organizations both influence this

process and respond to it. International political economy (IPE) is the

subfield of political science that studies this system.

Our broad objective is to apply some central analytical tools that IPE

scholars have developed to better understand how the interaction be-

tween politics and economics drives outcomes in the global economy. We

will focus our study on three interlocking systems: the global trading sys-

tem, the global financial system, and the global development system. We

will consider how the global political economy has changed over time, andconsider what future changes may be in store. In so doing, we will empha-

size three forces that shape the politics of the global economy hierarchy,

institutions, and interconnectedness and consider how interests, ideas,

and history influence each of them.

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The basic structure of the course is as follows. First, we will explore

the politics of the global trading system, including comparative and histor-ical developments related to trade openness, labor rights, environmental

standards, and the influence of the World Trade Organization. We then

examine the ways in which the international monetary and financial sub-

system has developed to facilitate trade and investment, and which peri-

odically triggers economic instability and crisis. We will discuss the role

of central banks in the global financial system, the changing role and ori-

entation of the International Monetary Fund, and efforts to regulate the

global financial system. Finally, we turn to the politics of economic de-

velopment, including such topics as foreign aid, immigration, structural

adjustment, and the role of the World Bank.

requirements

Students are expected to attend all lectures having read the assigned ma-

terial in advance. This class requires approximately 100 pages of reading

per week, and it is essential that you keep up. I will not take attendance

but may periodically quiz the class on material from the days readings.

Quiz grades will be combined with the exam grades for that section of the

course. There will be three examinations that will draw from the readings

and lectures. Because this is a large class and I have no grading assistants

these will be multiple choice. In addition, there will be a research paper to

be written on a topic of your choosing (but with my prior approval). This

paper will be roughly 5,000 words long, research-oriented, and should fo-

cus on applying the concepts and tools from this class to a contemporary

issue or event in IPE. The overall grade breaks down as follows:

Examinations 75% (3 x 25%).

Paper 25%.

In my experience, students who attend class, do the readings, and

come to office hours when they are confused do well in my classes. Stu-

dents who do not do these things often suffer.


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grading policy

I will not accept late papers or give make-up examinations except in the

case of a documented medical emergency. Grade appeals must be made

in writing, with an explanation of why additional points are deserved, no

sooner than one week after a graded assignment is returned to allow

for appropriate reflection and no later than two weeks after a graded

assignment is returned.

current events

We will spend the beginning of each class session discussing current events

related to the course. Its a very interesting time to be studying the pol-itics of the global economy, so theres plenty to talk about. In order for

this to be worthwhile, you need to know whats going on. So pick a rep-

utable news source I dont care which one and follow along. If youd

like recommendations let me know.

academic honesty

The Indiana University Code of Student Rights, Responsibilities, and Con-

duct defines academic misconduct [as]:

any activity that tends to undermine the academic integrity ofthe institution . . . Academic misconduct may involve human,

hard-copy, or electronic resources . . . Academic misconduct

includes, but is not limited to . . . cheating, fabrication, pla-

giarism, interference, violation of course rules, and facilitating

academic misconduct. (II. G.1-6).

More here:

http://teaching.iub.edu/policies_misconduct.php?nav=policies.

And here:

http://www.iu.edu/~code/index.shtml.

Please note that if you are unsure whether some conduct is a violationof the Code, it is fine to ask. There is no penalty involved with seeking a

clarification on policies, or advice on how to stay within them, and I am

happy to help. The goal of these policies is to help you, not hurt you. That
http://teaching.iub.edu/policies_misconduct.php?nav=policieshttp://teaching.iub.edu/policies_misconduct.php?nav=policieshttp://teaching.iub.edu/policies_misconduct.php?nav=policieshttp://teaching.iub.edu/policies_misconduct.php?nav=policieshttp://www.iu.edu/~code/index.shtmlhttp://www.iu.edu/~code/index.shtmlhttp://teaching.iub.edu/policies_misconduct.php?nav=policies


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said, I take violation of these rules very seriously and will take appropriate

action if I find that you are not living up to them.

disability

If any student will require assistance or academic accommodations for a

disability, please contact me after class, during my office hours, or by indi-

vidual appointment. You must have established your eligibility for disabil-

ity support services through the Office of Disability Services for Students

in Wells Library W302, 812-855-7578.

student privacyIt is expected that the privacy of the class will be respected. Personal in-

formation disclosed in course should not be repeated or discussed outside

of the course, especially with students not enrolled in the course.

technology policy

The use of laptops and tablets is permitted for class-related activities (i.e.

note-taking) only. The use of cellphones is not permitted at all. Note: its

pretty obvious (to me) when youre text messaging, instant messaging, or

otherwise using technology for purposes unrelated to the course. This isdisrupting to your classmates, and to me. I reserve the right to deduct

points from your final grade if I observe you failing to observe by these

rules.

extra help

Do not hesitate to come to my office during office hours or by appointment

to discuss course materials, examination results, paper projects, or any

aspect of the course. I will post to the course website several articles

that provide good advice for writing research papers in political science.

You also may want to consider the tutoring services offered by IndianaUniversity, in particular the reading and writing tutoring (which is free).

Information is available at:

http://studentaffairs.iub.edu/academic-resources-and-support/.
http://studentaffairs.iub.edu/academic-resources-and-support/http://studentaffairs.iub.edu/academic-resources-and-support/


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readings and schedule

There are two required books:

Thomas Oatley. International Political Economy. Longman, 5th edition, 2011.

Jeffry A. Frieden. Global Capitalism: Its Fall and Rise in the Twentieth Century.

W.W. Norton and Company, New York, NY and London, 2006.

All other readings will be provided on the course website.

i: introduction (aug. 27)

No readings.

ii: (aug. 29)

No class.

iii: a crash course in pre-war economic history (sept. 3)

Frieden, chs.: Prologue, 1, 5, 8. Foreword and Preface not required but are short

and recommended. Other non-assigned chapters might be interesting for some

of you, and I encourage reading them, but are also not required.

iv: all the kings horses and all the kings men? (sept. 5)

Frieden, ch.: 9.

Benn Steil. Red white. Foreign Affairs, 92(2), 2013.

v: the economic case for trade (sept. 10)

Oatley, ch.: 3.

Daniel W. Drezner. The outsourcing bogeyman. Foreign Affairs, May/June, 2004.

vi: the domestic politics of trade (sept. 12)Oatley, chs.: 4-5.


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vii: the international politics of trade (sept. 17)

Helen V. Milner. The political economy of international trade. Annual Review of

Political Science, 2:91114, 1999.

William H. Cooper. The future of u.s. trade policy: An analysis of issues and

options for the 112th congress. Congressional Research Service Report

for Congress, 7(5700), 2011.

viii: the world trade organization (sept. 19)

Oatley, ch.: 2.

Randy Schnepf. Brazils wto case against the u.s. cotton program. Congressional

Research Service Report for Congress, 7(5700), 2010.

ix: the doha round (sept. 24)

David S. Christy. round and round we go... World Policy Journal, Summer:1927,

2008.

Paul Blustein. The nine-day misadventure of the most favored nations. Brookings

Global Economy and Development, 2008.

Aaditya Mattoo and Arvind Subramanian. From doha to the next bretton woods.

Foreign Affairs, 88(1):1526, 2009.

x: fair trade, labor rights, & mncs (sept. 26)Oatley, chs.: 8-9.

Paul Krugman. In praise of cheap labor. Slate, March 21, March 21 1997.

xi: (oct. 1)

Exam One.

xii: the pre-wwii monetary system (oct. 3)

Frieden, ch.: 12.Charles Kindleberger. The World in Depression, 1929-1939. University of Cali-

fornia Press, Berkeley, CA, 1973.


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xiii: politics of the unholy trinity (oct. 8)

Frieden, pp. 459-464.

Oatley, pp. 255-257.

Oatley, chs.: 12-13.

xiv: bretton woods (oct. 10)

Frieden, ch.: 15.

G. John Ikenberry. The political origins of bretton woods. In Michael D. Bordo and

Barry Eichengreen, editors, A Retrospective on the Bretton Woods System:

Lessons for International Monetary Reform, pages 155198. University of

Chicago Press, 1993.

xv: bretton woods ii (oct. 15)

Michael P. Dooley, David Folkerts-Landau, and Peter Garber. The revived bret-

ton woods system: The effects of periphery intervention and reserve man-

agement on interest rates and exchange rates in center countries. NBER

Working Paper No. 10332, 2004.

Michael P. Dooley, David Folkerts-Landau, and Peter M. Garber. Bretton woods ii

still defines the international monetary system. NBER Working Paper No.

14731, 2009.

xvi: the international monetary fund (oct. 17)

Michael D. Bordo and Harold James. The international monetary fund: Its present

role in historical perspective. NBER Working Paper No. 7724, 2000.

xvii: the (im)balance of payments (oct. 22)

Ben S. Bernanke. The global saving glut and the u.s. current account deficit.

Speech given as the Sandridge Lecture, Virginia Association of Economists,

Richmond, Virginia, March 10 2005.

Ben S. Bernanke, Carol Bertaut, Laurie Pounder DeMarco, and Steven Kamin. In-

ternational capital flows and the returns to safe assets in the united states,2003-2007. Board of Governors of the Federal Reserve System Interna-

tional Finance Discussion Papers Number 1014, February 2011.


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xviii: developing world crises (oct. 24)

Oatley, chs.: 14-15.

Joseph Stiglitz. The insider: What i learned at the world economic crisis. The

New Republic, 222(16/17), 2000.

Kenneth Rogoff. An open letter to joe stiglitz, July 2 2002.

Kenneth Rogoff. The imf strikes back. Foreign Policy, January 2003.

xix: developed world crises (oct. 31)

Fernanda Nechio. Long-run impact of the crisis in europe: Reforms and austerity

measures. Federal Reserve Bank of San Francisco Economic Letter, March

7 2011.

Daniel W. Drezner. The irony of global economic governance: The system worked.

Council on Foreign Relations International Institutions and Global Gover-

nance Program Working Paper, October 2012.

Mark Blyth. The austerity delusion: why a bad idea won over the west. Foreign

Affairs, 92(3), 2013.

xx: (nov. 2)

Exam Two.

xxi: the problem of poverty (nov. 7)

William Easterly. The failure of economic development. Challenge, 45(1):88103,

2002.

Jeffrey D. Sachs. The development challenge. Foreign Affairs, 84(2):7890, 2005.

xxii: economics or politics? (nov. 12)

Antonio DAgata and Guiseppe Freni. The structure of growth models: A compar-

ative survey. Working Paper, 2012.

Jeffrey D. Sachs. Government, geography, and growth. Foreign Affairs, Septem-

ber/October, 2012.

xxiii: political economies of development (nov. 14)

David N. Balaam and Bradford Dillman. Introduction to International Political

Economy. Longman, 2010.


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Daron Acemoglu and James A. Robinson. Economic Backwardness in Political

Perspective. American Political Science Review, 100(1):115131, February2006.

Note: just skip the math.

xxiv: import-substitution industrialization (nov. 19)

Oatley, ch.: 6.

Frieden, ch.: 13.

xxv: export-oriented industrialization (nov. 21)

Oatley, ch.:7Frieden, ch.: 18

James Fallows. How the world works. The Atlantic, December 1993.

xxvi: (nov. 26)

No Class - Thanksgiving Break.

xxvii: (nov. 28)

No Class - Thanksgiving Break.

xxviii: uneven development & the world bank (dec. 3)

Frieden, ch.: 19.

Andrew Rosser. The political economy of the resource curse: A literature survey.

Institute of Development Studies Working Paper 268, April 2006.

xxix: rising china (dec. 5)

Arvind Subramanian. The inevitable superpower. Foreign Affairs, September/October,

2011.

Michael Pettis. A brief history of chinas growth model. Blog post, 2013.


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xxx: the washington vs. beijing consensus (dec. 10)

Scott Kennedy. The myth of the beijing consensus. Journal of Contemporary

China, 19:461477, 2010.

Xin Li, Kjeld Erik Brodsgaard, and Michael Jacobsen. Redefining beijing consen-

sus: Ten economic principles. China Economic Journal, 2:297311, 2009.

Henry A. Kissinger. The future of u.s.-china relations. Foreign Affairs, March/April,

2012.

xxxi: wrap-up and review (dec. 12)

Papers due.

xxxii: fin. (dec. 19)

Final Exam - 12:30 - 2:30.

Documents

IPE_Undergrad_Syllabus_Fall_2013