| SES # | TOPICS | READINGS |
|---|---|---|
| 1 | Course overview | No assigned readings. Check out the Financial Times. |
| 2 | Foundations |
|
| 3 | Frieden, Jeffry A. Global Capitalism. Chapters 11, 12, and 16. | |
| 4 | Obstfeld, Maurice. "The Global Capital Market: Benefactor or Menace?" National Bureau of Economic Research Working Paper 6559 (May 1998). | |
| 5 | Globalization and domestic politics | Frieden, Jeffry. "Invested Interests: The Politics of National Economic Policies in a World of Global Finance." International Organization 45, no. 4 (1991): 425-51. |
| 6 | Mosley, Layna. "Room to Move: International Financial Markets and National Welfare States." International Organization 54, no. 4 (Autumn 2000): 737-774. | |
| 7 |  Rodrik, Dani. "Trade and the Demand for Social Insurance." Chapter 4 in Has Globalization Gone Too Far? Washington, DC: Institute for International Economics, 1997, pp. 49-68. ISBN: 9780881322439. | |
| 8 | Broz, J. Lawrence. "Origins of the Federal Reserve: International Incentives and the Domestic Free-Rider Problem." International Organization 53, no. 1 (1999): 39-70. | |
| 9 | No assigned readings. In-class discussion. | |
| 10 | The politics of foreign direct investment | Jensen, Nathan. "Democratic Governance and Multinational Corporations: Political Regimes and Inflows of Foreign Direct Investment." International Organization 57, no. 3 (2003): 587-616. |
| 11 | Frieden, Jeffry. "International Investment and Colonial Control: A New Interpretation." International Organization 48, no. 4 (Autumn 1994): 559-93. | |
| 12 | Mankiw, N. Gregory, and Phillip Swagel. "The Politics and Economics of Outsourcing." National Bureau of Economic Research Working Paper 12398 (July 2006). | |
| 13 | Scheve, Kenneth, and Matthew J. Slaughter. "Economic Insecurity and the Globalization of Production." American Journal of Political Science 48, no. 4 (October 2004). | |
| 14 | Exchange rates and currency crises | Broz, J. Lawrence, and Jeffry Frieden. "The Political Economy of International Monetary Relations." Annual Review of Political Science 4 (2001): 317-343. Neely, Christopher J. "An Introduction to Capital Controls." Federal Reserve Bank of St. Louis, Review 81, no. 6 (November/December 1999): 13-30. |
| 15 | Broz, J. Lawrence. "Political System Transparency and Monetary Commitment Regimes." International Organization 56, no. 4 (Autumn 2002): 863-889. | |
| 16 | Chang, Roberto. "Understanding Recent Crises in Emerging Markets." Federal Reserve Bank of Atlanta, Economic Review 84, no. 2 (Second Quarter 1999): 6-16. Krugman, Paul. "Currency Crises." Paper Prepared at the National Bureau of Economic Research Conference, October 1997. ———. "Paradigms of Panic: Asia Goes Back to the Future." Slate (March 12, 1998). Frieden, Jeffry A. Global Capitalism. pp. 385-391. | |
| 17 | International governance | Simmons, Beth. "The International Politics of Harmonization: The Case of Capital Market Regulation." International Organization 53, no. 3 (2001): 589-620. |
| 18 | Wyplosz, Charles. "International Financial Instability." In Global Public Goods: International Cooperation in the 21st Century. Edited by Inge Kaul, Isabelle Grunberg, and Marc Stern. New York, NY: United Nations Development Program, 1999, pp. 152-189. ISBN: 9780195130522. | |
| 19 | Rogoff, Kenneth. "International Institutions for Reducing Global Financial Instability." National Bureau of Economic Research Working Paper 7265 (July 1999). | |
| 20 | Finance and the developing world | Haggard, Stephan, and Sylvia Maxfield. "The Political Economy of Financial Internationalization in the Developing World." International Organization 50, no. 1 (1996): 35-68. |
| 21 | International Monetary Fund. "What is the IMF?" September 2006. Hausmann, Ricardo, and Eduardo Fernandez-Arias. "What's Wrong With International Financial Markets?" Inter-American Development Bank Working Paper 429. Presented at the Tenth International Forum on Latin American Perspectives, Paris, France, November 25-26, 1999. (PDF)# | |
| 22 | No assigned readings. In-class discussion. | |
| 23 | Stiglitz, Joseph. "The Insider." The New Republic (April 17, 2000). Rogoff, Kenneth. "The IMF strikes back." Foreign Policy (January/February 2003). Calomiris, Charles. "The IMF's Imprudent Role as Lender of Last Resort." The Cato Journal 17, no. 3 (Winter 1998). | |
| 24 | International financial crime | Financial Action Task Force. "Trade Based Money Laundering." June 2006. (PDF)# ———. Report on Money Laundering Typologies. February 1997. (PDF)# Wechsler, William F. "Follow the Money." Foreign Affairs (July/August 2001).
Reread money laundering section from Simmons, Beth. "The International Politics of Harmonization: The Case of Capital Market Regulation." International Organization 53, no. 3 (2001): 589-620. |
| 25 | Conclusion | Frieden, Jeffry A. Global Capitalism. Chapter 20. |
Table of Contents
Study Materials
Readings
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Required Text
Frieden, Jeffry A. Global Capitalism: Its Fall and Rise in the Twentieth Century. New York, NY: W.W. Norton, 2007. ISBN: 9780393329810.
Readings by Session