The University of Texas at Austin Globalization and the Nation State Government 360N (38750) Fall 2017 Course Syllabus

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1 The University of Texas at Austin Globalization and the Nation State Government 360N (38750) Fall 2017 Course Syllabus Instructor: Dr. Di Wang but Canvas message preferred. Office: MEZ Office Hours: Wednesday and Friday, 2-3:30pm, and by appointment. Class Time and Location Tuesday and Thursday 9:30-11:00am, WAG 214 Course Description This course examines the evolution of the world economy from the late nineteenth century to the present. Our purpose is not only to describe the historical trends in the international economy but also to explain the causes and the consequences of these trends. In particular, we will provide a detailed overview of the impact of the global economy on domestic politics from a historical perspective. Students come away with the basic tools they need to understand the global economy and the politics of international economic relations. The history of the modern world economy divides into three periods. The Golden Age ( ) was a period of extensive globalization; in some respects, nations were more economically integrated then than now. The Golden Age came to an end with the Interwar Interregnum ( ), which saw nations abandon the world economy and turn inward behind high protectionist barriers and restrictions on international capital flows. Postwar Globalization (1945- ) saw the gradual reemergence of the world economy, a trend that is now threatened by politics, anti-globalization forces, and crises in global finance. Required Textbooks The following books are required for this course and available from the University Coop Bookstore. All other readings will be made available to students through Canvas. Frieden, Jeffry A Global Capitalism: Its Fall and Rise in the Twentieth Century. W.W. Norton. ISBN Frieden, Jeffry A., David A. Lake and J. Lawrence Broz International Political Economy: Perspectives on Global Power and Wealth. 5th ed. W.W. Norton. ISBN

2 Grading Policies Assignment Grade distribution Due date First in-class exam 25 October 3 Second in-class exam 25 November 21 Take-home essay exam 30 December 7 Policy debate Two In-Class Mid-Term Examinations. Both exams will be in-class, closed-book exams designed to test students understanding of fundamental concepts and arguments plus key historical facts. More detailed instructions on each exam will follow. Please bring a blue book. No make-up exams will be given. 2. Take-Home Essay Exam. For this 8-10 page essay, you will answer an essay question distributed well in advance. Your essay should be based on the readings, lectures, and class discussions. Collaboration with other students is NOT permitted. The essay should be double-spaced in 12 point font. Essays are due by Thursday December 7 at the beginning of class (9:30am). Late assignments will be penalized 5 points for each day they are late, and will not be accepted more than 7 days past the due date. The Undergraduate Writing Center (UWC) offers free, individualized, expert help with writing for any UT undergraduate, by appointment or on a drop-in basis ( We recommend considering taking advantage of the UWC when completing the take-home essay exam. 3. Policy Debate. There will be a total of 5 group presentations that will be conducted in the format of a debate - throughout the semester. The format of each presentation/debate will be explained in more detail as the semester progresses. Class Guidelines 1. Laptops and cell phones are NOT permitted for use in this classroom, unless otherwise allowed by the instructor. 2. All lectures and discussions, readings, and films will be subject to examination. 3. It is imperative that students attend all classes. Although the course requirements do not have a formal attendance component, students with 3 or more unexcused absences will have 5 points deducted from their final course score. University Honor Code The core values of the University of Texas at Austin are learning, discovery, freedom, leadership, individual opportunity and responsibility. Each member of the University is expected to uphold these values through integrity, honesty, trust, fairness and respect towards peers and community. Behavior Concerns Advice Line (BCAL): Disability Accommodations Students with disabilities may request appropriate academic accommodations from the Division of Diversity and Community Engagement, Services for Students with Disabilities ( , 2

3 Notice Regarding Accommodations for Religious Holidays By UT Austin policy, you must notify me of your pending absence at least fourteen days prior to the date of observance of a religious holy day. If you must miss a class, an examination, a work assignment, or a project in order to observe a religious holy day, you will be given an opportunity to complete the missed work within a reasonable time after the absence. Emergency Evacuation Policy Occupants of buildings on The University of Texas at Austin campus are required to evacuate buildings when a fire alarm is activated. Alarm activation or announcement requires exiting and assembling outside. Familiarize yourself with all exit doors of each classroom and building you may occupy. Remember that the nearest exit door may not be the one you used when entering the building. Students requiring assistance in evacuation shall inform their instructor in writing during the first week of class. In the event of an evacuation, follow the instruction of faculty or class instructors. Do not re-enter a building unless given instructions by the following: Austin Fire Department, The University of Texas at Austin Police Department, or Fire Prevention Services office. Link to information regarding emergency evacuation routes and emergency procedures can be found at: 3

4 Tentative Schedule PART I: INTRODUCTION Lecture 1 (Aug 31): Course Overview Frieden, Lake, Broz, Introduction, pp Jeffrey Frankel, Globalization of the Economy, in Frieden, Lake, Broz, pp Lecture 2 (Sep 5): Understanding International Trade and Trade Policy Thomas Oatley, Chapter 3: The Political Economy of International Trade Cooperation, pp , in Thomas Oatley, International Political Economy: Interests and Institutions in the Global Economy. 4th ed. Pearson-Longman, Cletus C. Coughlin, Controversy over Free Trade: The Gap between Economists and the General Public, in Frieden, Lake, Broz, pp Lecture 3 (Sep 7): Understanding International Finance and Exchange-Rate Policy Frieden, Lake, Broz, Money and Finance, pp Thomas Oatley, Chapter 10: The International Monetary System, pp , in Thomas Oatley, International Political Economy: Interests and Institutions in the Global Economy. 4th ed. Pearson-Longman, Jeffry Frieden, Globalization and Exchange Rate Policy, in Frieden, Lake, Broz, pp PART II: THE GOLDEN AGE, Lecture 4 (Sep 12): Prologue to the late 19th century: Mercantilism and the rise of the United States Frieden, Lake, Broz, Historical Perspectives, pp Frieden, Prologue: Into the Twentieth Century. Cheryl Schonhardt-Bailey, Free Trade: Repeal of the Corn Laws, in Frieden, Lake Broz, pp Lecture 5 (Sep 14): Overview of "The Golden Age." Frieden, Chapter 1, Global Capitalism Triumphant. Frieden, Chapter 2, Defenders of the Global Economy. J. Lawrence Broz, Domestic Politics of International Monetary Order: The Gold Standard, in Frieden, Lake Broz, pp Lecture 6 (Sep 19): Movement of Money, Capital, and People Frieden, Chapter 3, Success Stories of the Golden Age. Jeffrey G. Williamson, Globalization and Inequality, Past and Present, in Frieden, Lake Broz, pp Lecture 7 (Sep 21): Divergent Patterns of Development Frieden, Chapter 4, Failures of Development. 4

5 Jeffrey A. Frieden, International Investment and Colonial Control: A New Interpretation, in Frieden, Lake, Broz, pp Kenneth L. Sokoloff and Stanley L. Engerman, History Lessons: Institutions, Factor Endowments and Paths of Development in the New World, in Frieden, Lake, Broz, pp Lecture 8 (Sep 26): Opposition to Globalization Frieden, Chapter 5, Problems of the Global Economy. Frieden, Chapter 6, All that is Solid Melts into Air. Peter Gourevitch, International Trade, Domestic Coalitions, and Liberty: Comparative Responses to the Crises of , in Frieden, Lake, Broz, pp Sep 28 - Debate I: Should the U.S. end sugar subsidies? EXAM #1: Oct 3 PART III: INTERWAR INTERREGNUM, Lecture 9 (Oct 5): Movie: Commanding Heights Lecture 10 (Oct 10): World War I, Recovery, and Collapse Frieden, Chapter 7, The World of Tomorrow. Frieden, Chapter 8, The Established Order Collapses. Lecture 11 (Oct 12): Responses to the Great Depression Frieden, Chapter 9, The Turn to Autarky. Barry Eichengreen, The Political Economy of the Smoot-Hawley Tariff, in Frieden, Lake, Broz, pp Frieden, Chapter 10, Building a Social Democracy. PART IV: POSTWAR GLOBALIZATION, Lecture 12 (Oct 17): Settlement and Reconstruction Frieden, Chapter 11, Reconstruction East and West. Frieden, Lake, Broz, Trade, pp Ronald Rogowski, Commerce and Coalitions: How Trade Affects Domestic Political Alignments, in Frieden, Lake Broz, pp Michael Bailey, et al., The Institutional Roots of American Trade Policy: Politics, Coalitions, and International Trade, in Frieden, Lake, Broz, pp Lecture 13 (Oct 19): The Bretton Woods System and Beyond Frieden, Chapter 12, The Bretton Woods System in Action. Frieden, Chapter 15, The End of Bretton Woods. Alan V. Deardorff and Robert M. Stern, What You Should Know About Globalization and the WTO, in Frieden, Lake, Broz, pp

6 Lecture 14 (Oct 24): Decolonization and Development Frieden, Lake, Broz, Economies in Development, pp Frieden, Chapter 13, Decolonization and Development Razeen Sally, The Political Economy of Trade Policy Reform: Lessons from Developing Countries, in Frieden, Lake, Broz, pp Oct 26 - Debate II: Import-substituting vs. export-led industrialization Oct 31 - Debate III: Should China join the WTO? Lecture 15 (Nov 2): Multinational Corporations Frieden, Lake, Broz, Production, pp Richard Caves, The Multinational Enterprise as an Economic Organization, in Frieden, Lake, Broz, pp Shah M. Tarzi, Third World Governments and Multinational Corporations, in Frieden, Lake, Broz, pp Daniel W. Drezner, Globalization and Policy Convergence, in Frieden, Lake, Broz, pp Lecture 16 (Nov 7): From Oil Crises to Debt Crisis Frieden, Chapter 16, Crisis and Change. Lecture 17 (Nov 9): Patterns of Global Integration Frieden, Chapter 17, Globalizers Victorious. Frieden, Chapter 18, Countries Catch Up. Daron Acemoglu, Root Causes: A Historical Approach to Assessing the Role of Institutions in Economic Development, in Frieden, Lake, Broz, pp Lecture 18 (Nov 14): Tensions in Developing Countries Frieden, Chapter 19, Countries Fall Behind. Benjamin J. Cohen, The Triad and the Unholy Trinity: Problems of International Monetary Cooperation, in Frieden, Lake, Broz, pp Sergio L. Schmukler, Financial Globalization: Gain and Pain for Developing Countries, in Frieden, Lake, Broz, pp David Dollar, Globalization, Poverty, and Inequality since 1980, in Frieden, Lake, Broz, pp Lecture 19 (Nov 16): Tensions in Industrialized Countries Frieden, Chapter 20, Global Capitalism Troubled. Richard B. Freeman, Are Your Wages Set in Beijing? in Frieden, Lake, Broz, pp Kenneth F. Scheve and Matthew J. Slaughter, A New Deal for Globalization, in Frieden, Lake, Broz, pp

7 EXAM #2: Nov 21 Nov 23 - Happy Thanksgiving. No class. Nov 28 - Debate IV: Is NAFTA good for the United States? Nov 30 - Debate V: Should the United States regulate sovereign wealth funds to restrict their activities? Lecture 20 (Dec 5): Current Globalization Controversies Frieden, Lake, Broz, Current Problem in International Political Economy, pp Jeffrey A. Frankel, Globalization and the Environment, in Frieden, Lake, Broz, pp Dani Rodrik, How to Save Globalization from Its Cheerleaders, in Frieden, Lake, Broz, pp Simon Johnson, The Quiet Coup, in Frieden, Lake, Broz, pp TAKE-HOME ESSAY EXAM DUE: Dec 7 7