MIR

Political Economy of Globalization

Spring 2021

Zeynep Kadirbeyoglu
Office: IB 502
Office Hours: by appointment
E-mail: [email protected]

Course Description
This course aims to provide a thorough understanding of global political economy starting
with a theoretical overview and the debates in the field and followed by a multitude of
issues and areas of concern of the discipline. The students are required to keep up with
the readings on a timely basis in order to follow the content of the lectures. The lectures
will be uploaded to Moodle a week before our Tuesday meeting and you are required to
watch it before coming to our live zoom session. Students will choose readings from the
presentation sections in the reading list and carry out short presentations during our live
sessions.

Evaluation
Assignment #1: Research Question DUE April 9 – 5%
Write down in a paragraph the research question which you would like to write your
research paper on. You need to clarify your research topic by reading articles and books
on the area of your interest. Further details will be given in class.
Assignment #2: Bibliography and Improved Research Question DUE April 23 –
5%
You should improve your research question based on my suggestions and in the meantime
conduct a thorough research in the library and web based databases for articles and books
relevant to your research question and country. You should compile a list for the
bibliography for your research paper. At this point it is not necessary that you read all the
articles and books in this list but you should at least have skimmed through in order to
know whether they will be relevant to your research. This list should not comprise less
than 15 articles and 5 books.
Assignment #3: Literature Review DUE May 15 – 20%
Provide a brief literature review that justifies your study and sets the theoretical
framework for your research paper. Do not forget to include the bibliography at the end.
Assignment#4 First Draft of your Research Paper DUE June 13 – 25%
You should put together the research question, literature review and the sections
providing your analysis in order to compose the first draft of your research paper. This
draft has to be complete in all senses. There should be an introduction, a theory section, a
literature review and your analysis. This draft will be reviewed by two class mates and
myself in order to provide you feedback for the second draft. Furthermore, you will need

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to present this paper and the findings during a special session of presentations. Further
details will be announced in class.
Assignment #5 Presentation of the first draft of the paper Due TBA – 10%
Assignment#6 Second Draft DUE June 30 – 15%
The second draft needs to take into account the comments to the first draft and also the
feedback you receive during the presentation sessions. The grade for the second draft will
be based on the amendments and improvements you will make. Therefore, papers which
have not been properly improved will get zero points from this assignment.
Item #7 Participation in class 20%
You are required to participate in class discussions and make a presentation on the
selected course materials. The following items will add up to the 20 percent for your
participation grade.
 Watching the video lecture available on Moodle prior to the Tuesday live Zoom
session
 Posting questions on the discussion forum for that week
 Presentation of a paper during our live Zoom session
 Short quiz or essays during the live Zoom session
 Active participation (not just being present but also asking questions and
responding to your friends’ questions) in the discussion during the live Zoom
session.

Late papers/reviews/assignments: there will be 3 percent penalty per day for late
papers and reviews. You can always ask for extensions. Please let me know in advance.

Plagiarism and Academic Honesty: Plagiarism is a serious problem and refers to

dishonestly representing someone else’s ideas as your own. Plagiarism is punished by
disciplinary committee and usually results in an F as course grade and sometimes heavier
penalties. All students must understand the meaning and consequences of cheating,
plagiarism and other academic offences
(http://www.buowl.boun.edu.tr/students/favoidingplagiarism.htm ).
The Department of Political Science and International Relations has the following rules and
regulations regarding academic honesty.
1. Copying work from others or giving and receiving answers/information during
exams either in written or oral form constitutes cheating.
2. Submitting take-home exams and papers of others as your own, using sentences or
paragraphs from another author without the proper acknowledgement of the
original author, insufficient acknowledgement of the consulted works in the
bibliography, all constitute plagiarism. For further guidelines, you can consult:
http://web.gc.cuny.edu/provost/pdf/AvoidingPlagiarism.pdf
3. Plagiarism and cheating are serious offenses and will result in:
a. an automatic F in the assignment or the exam,
b. an oral explanation before the Departmental Ethics Committee,

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 c. losing the opportunity to request and receive any references from the entire
faculty,
d. losing the opportunity to apply in exchange programs,
e. losing the prospects of becoming a student assistant or a graduate assistant in
the department.
The students may further be sent to the University Ethics committee or be subject to
disciplinary action.

Schedule
Part 1
Introduction

Part 2 – Institutional Structure of the Global Economy since 1945

Cohen, B.J. 2014. Chapter 1. Advanced Introduction to International Political Economy.
Edward Elgar.

Obstfeld, M and A. M. Taylor. 2017. “International Monetary Relations: Taking Finance

Seriously” Journal of Economic Perspectives. 31(3): 3-28.

Rodrik, D. 2014. “The past, present and future of economic growth” in in Towards a Better
Global Economy: Policy Implications for Citizens Worldwide in the Twenty-First Century.
OUP. And the responses to this article.

PRESENTATION:

 Behrman J.R. and S. Fardoust. 2014. “The Global Economy in the First Half of the
Twenty-first Century” in Towards a Better Global Economy: Policy Implications for
Citizens Worldwide in the Twenty-First Century. OUP. Pp. 7-28.

 Chapter 29 “From the State Theory of Money to Modern Money: An Alternative to

Economic Orthodoxy” from David Fox and Wolfgang Ernst eds. 2016. Money in the
Western Legal Tradition: Middle Ages to Bretton Woods. OUP.

Part 3 – Theoretical Perspectives

Watson, M. 2011. “The Historical Roots of Theoretical Traditions in Global Political
Economy” in Ravenhill, J. ed. Global Political Economy, OUP.

PRESENTATION

 Krasner, S. 1976 “State Power and the Structure of International Trade” World
Politics 28(3).

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  Gilpin, R.G. 1984. “The Richness of the tradition of political realism” International
Organization, 38(2): 287-304.

 Moravcsik, A. 1997. “Taking preferences seriously: a liberal theory of international

politics” International Organization.

 Cox, RW. 1981 “Social Forces, States and World Orders: Beyond International
Relations Theory” Millennium: Journal of International Studies. 10(2).

Part 4 – Globalization and Regional Integration

Hirst, P., G. Thompson and S. Bromley. 2009. “Introduction: The Contours of
Globalization” Globalization in Question, Third edition. Polity Press.

Glenn, J. 2008. “Globalization’s Alternatives: Competing or Complementary Perspectives?”

Government and Opposition, 43(1):73-110.

PRESENTATION

 Yueh, L. 2017. “Britain’s Economic Outlook after Brexit” Global Policy, 8(4).

 Buzdugan, SR 2013. “Regionalism from without: External involvement of the EU in

regionalism in southern Africa” Review of International Political Economy, 20(4).

Part 5 – International Trade

Winham, G.R. 2011. “The evolution of the global trade regime” in Ravenhill, J. ed. Global
Political Economy, OUP.

Ravenhill, J. 2011. “Regional trade agreements” in Ravenhill, J. ed. Global Political

Economy, OUP.

PRESENTATION

 McBride, S. 2011. “The new constitutionalism: International and private rule in the
new global order” in G. Teeple and S. McBride eds. Relations of Global Power:
Neoliberal Order and Disorder. University of Toronto Press.

 Kohl and Brouwer, 2014. “The development of trade blocs in an era of globalization”
Environment and Planning A. Volume 46.

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Part 6 – Transnational Production
Thun, E. 2011. “The Globalization of Production” in Ravenhill, J. ed. Global Political
Economy, OUP.
PRESENTATION
 Braunstein, E. 2011. “Foreign direct investment and development from a gender
perspective” in J. Michie ed. The Handbook of Globalisation. Second edition, Edward
Elgar.
 Coe, N.M. and H.W. Yeung. 2015. Global Production Networks: Theorizing Economic
Development in an Interconnected World. OUP. Chapter 1 and Chapter 6.
 Antras, P. 2016. Global Production: Firms, Contracts and Trade Structure. Princeton
University Press. Pp. 3-32.

OPTIONAL READING
 Rodrik, D. 2015. “Premature Deindustrialization” Working Paper.

Part 7 – The Global Financial System and Financial Crises

Helleiner, E. 2011. “The evolution of the international monetary and financial system” in
Ravenhill, J. ed. Global Political Economy, OUP.
Pauly, L.W. 2011 “The Political Economy of Global Financial Crises” in Ravenhill, J. ed.
Global Political Economy, OUP.
PRESENTATION:
 Kotz, D.M. 2011. “Financialization and Neoliberalism” in G. Teeple and S. McBride
eds. Relations of Global Power: Neoliberal Order and Disorder. University of Toronto
Press.

 Eckes, A.E. 2011. “The Global Financial Crisis of 2007-10” in The Contemporary
Global Economy: A history Since 1980. Wiley-Blackwell.

 Krueger, A. O. 2012. Chapter 14 “ An Enduring Need: The Importance of

Multilateralism in the Twenty-First Century” in A. Krueger. Struggling with Success:
Challenges Facing the international economy. World Scientific.

OPTIONAL READINGS

 Krueger, A. O. 2012. Chapter 13 “At the service of nations: the role of the IMF in
the modern global economy” in A. Krueger. Struggling with Success: Challenges
Facing the international economy. World Scientific.

 Krueger, A. O. 2012. Chapter 8 “Economic policy reforms in Brazil and Turkey” in A.

Krueger. Struggling with Success: Challenges Facing the international economy.
World Scientific.

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Part 8 – Global Division of Labor and Inequalities
Singh, A. and A. Zammit. 2011. “Globalisation, labour standards and economic
development” in J. Michie ed. The Handbook of Globalisation. Second edition, Edward
Elgar.
Wade, H.R. 2014. “The Piketty phenomenon and the future of inequality” Real World
Economics Review. 69.
PRESENTATION:
 Russell, B. 2011. “Globalization and the Labour Process” in G. Teeple and S.
McBride eds. Relations of Global Power: Neoliberal Order and Disorder. University of
Toronto Press.
 Eckes, A.E. 2011. “The underside of the global economy” in The Contemporary
Global Economy: A history Since 1980. Wiley-Blackwell.
OPTIONAL READINGS
 Fraser, N. 2007. “Reframing justice in a globalizing world” in D. Held and A. Kaya
eds. Global Inequality: Patterns and Explanations. Polity Press.
 Piketty, T. 2014. Introduction in Capital in the Twenty-First Century.
 Milanovic, B. 2014. “Global Income Inequality by the Numbers: In History and Now”
XV April International Conference on Economic and Social Development.

Part 9 – Towards a better global economy?

Behrman J.R. and S. Fardoust. 2014. “The Global Economy in the First Half of the Twenty-
first Century” in Towards a Better Global Economy: Policy Implications for Citizens
Worldwide in the Twenty-First Century. OUP. Pp. 28-69.

Dauvergne, P. 2011. “Globalization and the Environment” in Ravenhill, J. ed. Global Political
Economy, OUP.

PRESENTATION:

 Steer, A. 2014. “Resource Depletion, Climate Change, and Economic Growth” in

Towards a Better Global Economy: Policy Implications for Citizens Worldwide in the
Twenty-First Century. OUP.

 Birdsall, N, C. Meyer and A. Sowa. 2014. “Global markets, global citizens, and global
governance in the twenty-first century” in Towards a Better Global Economy: Policy
Implications for Citizens Worldwide in the Twenty-First Century. OUP.

Part 10 – student research paper presentations (details TBA)