International Political Economy

Transcription

1 Department of Political Science Instructor: David Steinberg University of Oregon Winter 2014 International Political Economy Course Description: This seminar provides an overview of the subfield of International Political Economy, the study of how politics influences the international economy and how global economic integration affects domestic and international politics. The class readings and seminar discussions focus on evaluating which theories of political economy and international relations best contribute to our understanding of international economic relations. The seminar is organized thematically. The first half of the course (weeks 2-5) addresses the causes of economic globalization, and examines how countries formulate their policies towards international trade, foreign direct investment, and international financial flows. In the second half (weeks 6-9), we study the effects of economic globalization in order to understand how states cope with the challenges posed by economic globalization, and why some have done so more successfully than others. Course Information: Instructor Contact Information: Office: PLC 923 Office Hours: Wednesday, 1:00-4:00 PM Readings: Journal articles can be found online. All other required readings (e.g. book chapters) will be placed on the course Blackboard site. Grading & Assignments: 1. Participation. All students are expected to complete all of the required readings before class and actively participate in the seminar discussions. Participation will make up 20% of the final grade. Participation grades depend on both the quantity quality of your participation in class discussions. Students will receive high participation grades if their class comments demonstrate that they have knowledge of the main arguments of the week s readings; an understanding of the important areas of agreement and disagreement between the different readings; and an ability to critically assess the strengths and weaknesses of various theories and methodologies. 2. Discussion Questions. Students are required to submit two discussion questions about the readings prior to each class (excluding week 1). The questions should 1

2 focus on the major contributions or weaknesses of one or more readings. These questions must be via to the instructor. They are due 24 hours prior to the start of the seminar (2:00 PM on Sunday). These questions count for 5% of the course grade. 3. Short Papers. Each student is required to write two short papers over the course of the quarter. These papers should be 2-4 single spaced pages in length. Each paper will be written in the format of a referee report for an academic journal. For each assignment, students evaluate one unpublished paper. In doing so, students will act as if they were reviewing this paper for an academic journal. In these referee reports, students will describe the paper s strengths, weaknesses, and suggest ways to improve the paper. A sign-up sheet, where students will select papers to review, will be circulated during the first week of class. Each short paper is worth 15% of the course grade. 4. Final Research Paper. Students must write one final class paper, worth 40% of your grade. These papers should be (approximately) double-spaced pages. The papers are due at 5:00 PM on March 19, Students are also required to hand in a 2-page proposal for the paper on Feb. 17, which will count for 5% of their grade. The topic must relate to international political economy, but students are free to choose among several different types of papers. Possible options include, but are not limited to, the following: a critique of a particular literature within IPE; a research design paper; a qualitative analysis of one or more cases; or a quantitative analysis. Students are strongly encouraged to meet with the instructor on a regular basis to discuss progress on their papers. Policy on Late Papers & Extensions: Late papers will be penalized one letter grade per day (24-hour period). Extensions will only be granted if students provide official documentation (e.g. doctor s note) that explains the necessity of an extension. Academic Honesty & Plagiarism: By enrolling in this course, you agree to abide by the University s Student Conduct Code. Plagiarism and cheating will not be tolerated. All work submitted for this course should be original; work that was fully or partially completed for another course will not be accepted. Any student that violates these policies will receive an F grade in the course and will be reported to the University authorities. Please ask the instructor if you have any questions about what constitutes plagiarism or cheating. Students with Disabilities: The University of Oregon is working to create inclusive learning environments. If there are aspects of the instruction or design of this course that result in disability-related barriers to your participation, please notify the instructor as soon as possible. You may also wish to contact the Accessible Education Center in 164 Oregon Hall, by telephone at or by at uoaec@uoregon.edu. 2

3 Course Schedule: Week 1 (Jan. 6): Introduction to the Questions & Theories of IPE Benjamin J. Cohen International Political Economy: An Intellectual History. Princeton: Princeton Pages 16-94, David Lake Open Economy Politics: A Critical Review. Review of International Organizations 4 (3): Peter Katzenstein Conclusion: Domestic Structures and Strategies of Foreign Economic Policy International Organization 31 (4): Charles Kindleberger The World in Depression, Berkeley: University of California Press. Robert Gilpin The Political Economy of International Relations. Princeton: Princeton Beth Simmons Who Adjusts? Princeton: Princeton Andrew Moravcsik Taking Preferences Seriously International Organization 51 (4): John G. Ruggie What Makes the World Hang Together? International Organization 52: Lars Skalnes Politics, Markets, and Grand Strategy. Ann Arbor: University of Michigan Press. Beth Simmons, Frank Dobbin and Geoffrey Garrett Introduction: The Diffusion of Liberalism International Organization 60 (4): Jeffry Frieden Global Capitalism. W.W. Norton. Hendry Farrell and Martha Finnemore Ontology, Methodology, and Causation in the American School of IPE Review of International Political Economy 16 (1): Rawi Abdelal, Mark Blyth, and Craig Parsons Introduction: The Case for Constructivist Political Economy. In Abdelal, Blyth, and Parsons (eds.) Constructing the International Economy. Ithaca: Cornell Thomas Oatley The Reductionist Gamble International Organization 56 (2): Week 2 (Jan. 13): Theories of Trade Restrictions Stephen Krasner State Power and the Structure of International Trade World Politics 28 (3): John Gerard Ruggie International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order International Organization 36:

4 James Alt et al The Political Economy of International Trade Comparative Political Studies 29 (6): Sean Ehrlich Access to Protection International Organization 61 (3): Edward Mansfield and Diana Mutz Support for Free Trade: Self-Interest, Sociotropic Politics, and Out-Group Anxiety International Organization 63 (3): E.E. Schattschneier Politics, Pressures and the Tariff. Prentice-Hall. David Lake Beneath the Commerce of Nations International Studies Quarterly 28 (2): Peter Gourevitch Politics in Hard Times. Ithaca: Cornell Ronald Rogowski Trade and the Variety of Democratic Institutions International Organization 41: Joanne Gowa and Edward Mansfield Power Politics and International Trade American Political Science Review 87 (2): Michael Hiscox International Trade and Political Conflict. Princeton: Princeton Anna Maria Mayda and Dani Rodrik Why Are Some People (and Countries) More Protectionist Than Others? European Economic Review 49: Daniel Kono Optimal Obfuscation: Democracy and Trade Policy Transparency American Political Science Review 100 (3): Week 3 (Jan. 27): Liberalization of International Trade Ronald Rogowski Political Cleavages and Changing Exposure to Trade American Political Science Review 81 (4): Helen Milner with Keiko Kubota Why the Move to Free Trade? Democracy and Trade Policy in Developing Countries International Organization 59: Judith L. Goldstein, Douglas Rivers, and Michael Tomz Institutions in International Relations: Understandings the Effects of the GATT and the WTO on World Trade International Organization 61 (1): James Morrison Before Hegemony: Adam Smith, American Independence, and the Origins of the First Era of Globalization International Organization 66 (3): Daniel Berger, William Easterly, Nathan Nunn, and Shanker Satyanath Commercial Imperialism? Political Influence and Trade During the Cold War American Economic Review 103 (2): Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, and Peter K. Schott Firms in International Trade Journal of Economic Perspectives 21 (3): Beth Yarbrough and Robert Yarbrough Cooperation in the Liberalization of International Trade International Organization 41 (1):

5 Helen Milner Trading Places: Industries for Free Trade World Politics 40 (3): Judith Goldstein Ideas, Interests, and American Trade Policy. Ithaca: Cornell Jeffry Frieden and Ronald Rogowski The Impact of the International Economy on National Policies in Robert Keohane and Helen Milner (Eds.), Internationalization and Domestic Politics. Cambridge: Cambridge University Press. Michael Hiscox The Magic Bullet? International Organization 53 (4): Lloyd Gruber Ruling the World. Princeton: Princeton Michael Bailey, Judith Goldstein, and Barry Weingast The Institutional Roots of American Trade Policy: Politics, Coalitions, and International Trade. World Politics 49 (3): Jens Hainmueller and Michael J. Hiscox Learning to Love Globalization: Education and Individual Attitudes Toward International Trade, International Organization 60: Edward Mansfield and Helen Milner Votes, Vetoes, and the Political Economy of International Trade Agreements. Princeton: Princeton Week 4 (Feb. 3): Foreign Direct Investment Robert Gilpin U.S. Power and the Multinational Corporation. New York: Basic Books. Pages Nathan Jensen Democratic Governance and Multinational Corporations International Organization. 57: Sonal Pandya Labor Markets and the Demand for Foreign Direct Investment International Organization 64: Nina Bandelj From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe. Princeton: Princeton Pages & Andrew Kerner Why Should I Believe You? The Costs and Consequences of Bilateral Investment Treaties International Studies Quarterly 53 (1): Raymond Vernon Sovereignty at Bay. New York: Basic Books. Kobrin, Stephen Testing the Bargaining Hypothesis in the Manufacturing Sector in Developing Countries International Organization 41 (4): Jeffry Frieden International Investment and Colonial Control International Organization 48: Louis Pauly and Simon Reich National Structures and Multinational Corporate Behavior International Organization 51: Quan Li and Adam Resnick Reversal of Fortunes International Organization 57:

6 Kenneth Scheve and Matthew Slaughter Economic Insecurity and the Globalization of Production American Journal of Political Science 48 (4): Zachary Elkins, Andrew Guzman, and Beth Simmons Competing for Capital International Organization 60: Helen Milner and Tim Buthe The Politics of Foreign Direct Investment into Developing Countries American Journal of Political Science 52 (4): Srividya Janhyala, Witold Henisz, and Edward Mansfield Three Waves of BITs: The Global Diffusion of Foreign Investment Policy Journal of Conflict Resolution 55 (6): Pablo Pinto Partisan Investment in the Global Economy. New York: Cambridge Week 5 (Feb. 10): Capital Controls & Mobility David Andrews Capital Mobility and State Autonomy International Studies Quarterly 38 (2): Beth Simmons and Zachary Elkins The Globalization of Liberalization American Political Science Review 98: Jeffrey Chwieroth Neoliberal Economists and Capital Account Liberalization in Emerging Markets International Organization 61: Sarah Brooks and Marcus Kurtz Capital, Trade, and the Political Economies of Reform American Journal of Political Science 51 (4): Thomas Pepinsky The Domestic Politics of Financial Internationalization in the Developing World Review of International Political Economy 20 (4): Stephen Gill and David Law Global Hegemony and the Structural Power of Capital International Studies Quarterly 33 (4): John Goodman and Louis Pauly The Obsolescence of Capital Controls? World Politics 46 (1): Eric Helleiner States and the Reemergence of Global Finance. Ithaca: Cornell Stephan Haggard and Sylvia Maxfield The Political Economy of Financial Internationalization in the Developing World International Organization 50: Dennis Quinn The Correlates of Change in International Financial Regulation American Political Science Review 91 (3): Susan Strange Mad Money. Manchester: Manchester Sarah Brooks Explaining Capital Account Liberalization in Latin America World Politics 56 (3): Bumba Mukherjee and David Singer International Institutions and Domestic Compensation American Journal of Political Science 54 (1): Jeffrey Chwieroth How do Crises Lead to Change? World Politics 62:

7 Week 6 (Feb. 17): Globalization & Policy Convergence Philip Cerny Globalization and the Changing Logic of Collective Action International Organization 49: Dani Rodrik Why do More Open Economies Have Bigger Governments? Journal of Political Economy 106 (5): William R. Clark & Mark Hallerberg Mobile Capital, Domestic Institutions, and Electorally Induced Monetary and Fiscal Policy American Political Science Review 94 (2): Erik Wibbels Dependency Revisited International Organization 60: Layna Mosley and Saika Uno Racing to the Bottom or Climbing to the Top? Comparative Political Studies 40 (8): Wesley Widmaier Trade-offs and Trinities in Rawi Abdelal et al (eds.) Constructing the International Economy. Ithaca: Cornell Michael Webb International Economic Structures, Government Interests, and International Coordination of Macroeconomic Adjustment Policies International Organization 45 (3): Geoffrey Garrett Partisan Politics in the Global Economy. New York: Cambridge Geoffrey Garrett Global Markets and National Politics International Organization 52 (4): Thomas Oatley How Constraining is Capital Mobility? American Journal of Political Science 43 (4): Michael Zurn From Interdependence to Globalization in Walter Carlsnaes et al (ed.) Handbook of International Relations. Sage Publications. Layna Mosley Global Capital and National Governments. Cambridge: Cambridge Stefanie Walter Globalization and the Welfare State: Testing the Microfoundations of the Compensation Hypothesis International Studies Quarterly 54 (2): Susan Hyde and Angela O Mahony International Scrutiny and Pre-electoral Fiscal Manipulation in Developing Countries Journal of Politics 72 (3): Week 7 (Feb. 24): Monetary & Exchange Rate Policy Jeffry Frieden Invested Interests: The Politics of National Economic Policies in a World of Global Finance International Organization 45: J. Lawrence Broz Political System Transparency and Monetary Commitment Regimes International Organization 56 (4):

8 Randall Henning Systemic Conflict and Regional Monetary Integration International Organization 52: Kathleen McNamara The Currency of Ideas. Ithaca: Cornell Chapters 1 & 6. David Steinberg and Krishan Malhotra (Forthcoming). The Effect of Authoritarian Regime Type on Exchange Rate Policy World Politics 66 (3). Joanne Gowa Public Goods and Political Institutions: Trade and Monetary Policy Processes in the United States International Organization 42 (1): Randall Henning Currencies and Politics in the United States, Germany and Japan. Washington, DC: Institute for International Economics. Barry Eichengreen Globalizing Capital. Princeton: Princeton Jonathan Kirshner (ed.) Monetary Orders. Ithaca: Cornell William Bernhard, Lawrence Broz and William Clark Political Economy of Monetary Institutions International Organization 56 (4): Hector Schamis and Christopher Way Political Cycles and Exchange Rate-Based Stabilization World Politics 56: David Bearce Societal Preferences, Partisan Agents and Monetary Policy Outcomes International Organization. 57 (2): J. Lawrence Broz, Jeffry Frieden & Stephen Weymouth Exchange Rate Policy Attitudes IMF Staff Papers 55: Stefanie Walter A New Approach for Determining Exchange Rate Level Preferences International Organization 62: Torben Iversen and David Soskice Real Exchange Rates and Competitiveness American Political Science Review 104: David Singer Migrant Remittances and Exchange Rate Regimes in the Developing World American Political Science Review 104 (2): Mark Copelovitch and Jon Pevehouse Ties that Bind? Preferential Trade Agreements and Exchange Rate Policy Choice International Studies Quarterly 57 (2): Week 8 (Mar. 3): Sovereign Debt & Default Charles Lipson Bankers Dilemmas: Private Cooperation in the Rescheduling of Sovereign Debts World Politics 38 (1): Michael Tomz Reputation and International Cooperation. Princeton: Princeton Chapters 2 & 3. Julia Gray International Organization as a Seal of Approval American Journal of Political Science 53 (4): Emily Beaulieu, Gary Cox, and Sebastian Saeigh Sovereign Debt and Regime Type: Reconsidering the Democratic Advantage International Organization 66:

9 K. Amber Curtis, Joseph Jupille, and David Leblang. Forthcoming. I Save for Icesave: Self-Interest and Sovereign Debt Resettlement International Organization. Vinod Aggarwal Debt Games. New York: Cambridge Jeffry Frieden Debt, Development, and Democracy. Princeton: Princeton Emanuel Kohlscheen Why are There Serial Defaulters? Evidence from Constitutions Journal of Law and Economics 50 (4): David Stasavage Cities, Constitutions, and Sovereign Borrowing in Europe, International Organization 61: Eduardo Borensztein and Ugo Panizza The Costs of Sovereign Default IMF Staff Papers 56 (4): Thomas Oatley Political Institutions and Foreign Debt in the Developing World International Studies Quarterly 54 (1): Henrik Enderlein, Christoph Trebesch, and Laura von Daniels Sovereign Debt Disputes: A Database on Government Coerciveness During Debt Disputes Journal of International Money and Finance 31 (2): Michael Tomz and Mark Wright Empirical Research on Sovereign Debt and Default Annual Review of Economics 5: Week 9 (Mar. 10): Global Financial Crises & the Future of (the) IPE David Leblang and Shanker Satyanath Institutions, Expectations, and Currency Crises International Organization 60 (1): Benjamin J. Cohen A Grave Case of Myopia International Interactions 35 (4): Menzie Chinn and Jeffry Frieden The Lost Decades. New York: W.W. Norton. Chapters 1-3. Eric Helleiner Understanding the Global Financial Crisis: Lessons for Scholars of International Political Economy Annual Review of Political Science 14: Stephen Nelson and Peter Katzenstein. Forthcoming. Risk, Uncertainty, and the Financial Crisis of 2008 International Organization. Andrew MacIntyre Institutions and Investors International Organization 55: Philip Keefer Elections, Special Interests, and Financial Crisis International Organization 61 (3): Thomas Pepinsky Capital Mobility and Coalitional Politics World Politics 60 (3): Carmen Reinhart & Kenneth Rogoff This Time is Different. Princeton: Princeton 9

10 Raghuram Rajan Fault Lines. Princeton: Princeton Nouriel Roubini and Stephen Mihm Crisis Economics. New York: Penguin Press. Rawi Abdelal, Mark Blyth, and Craig Parsons Re-constructing IPE: Some Conclusions Drawn from a Crisis in Rawi Abdelal et al (eds.) Constructing the International Economy. Ithaca: Cornell Jeffrey Frankel and George Saravelos Can Leading Indicators Assess Country Vulnerability? Evidence from the Global Financial Crisis Journal of International Economics 87 (2): Nolan McCarty, Keith Poole, and Howard Rosenthal Political Bubbles: Financial Crises and the Failure of American Democracy. Princeton: Princeton University Press. J. Lawrence Broz Partisan Financial Cycles in Politics in the New Hard Times, edited by Miles Kahler and David Lake. Ithaca: Cornell 10