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2015/2016  BA-BHAAI1047U  Politics and Economics of Globalization

English Title
Politics and Economics of Globalization

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 120
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Course instructor - Kurt Huebner, Full Professor, kurt.huebner@ubc.ca
    Sven Bislev - Department of Intercultural Communication and Management (ICM)
In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.ikl@cbs.dk
Main academic disciplines
  • Globalization and international business
  • International political economy
  • Political Science
Last updated on 12-05-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Demonstrate the understanding of driving forces of economic globalization
  • Make use of empirical data and historical episodes for the explanation of current globalization trends
  • Apply basic analytical and theoretical concepts
  • Explain relevant economic and political models in the field of globalization
  • Understand policy implications of particular strategies of nations-states
  • Gain insight into the relevance of financial and productive trends
  • Showing the ability to apply concepts by way of case studies
Course prerequisites
Familiarity with basic international macroeconomic concepts is welcomed.
Examination
Politics and Economics of Globalization:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual
Size of written product Max. 10 pages
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: 1-5 August 2016.
Retake exam: Within two months from the ordinary exam.
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure

Economic globalization comes in many colors, and it never comes in a linear way.  Rather then creating a ‘flat world’ as business analysts preferred for a while to interpret this mega-trend, globalization is a uneven and also unequal process. The global financial crisis from 2008 can be seen as the most recent watershed in a trend that started with a strong surge of cross-border exports of goods and then services, followed by a surge of foreign direct investment. Only after the demise of the international currency regime in the early 1970s and then triggered by the Fall of the Wall the world saw a rush of global financial and capital flows. In the last few years we experience a restructuring of the globalization mega-trend. World trade in goods slows down, the number of people moving between nation-states increases, political protest against the new generation of trade agreements increases, previously globalized value chains are getting regionalized, relocation of manufacturing processes are becoming prominent,
The course will provide students with analytical tools and empirical knowledge to sort through those processes and to acquire an understanding of the complex and often contradictory developments in the global economy. The first two weeks of the course will be a historical-analytical ’ boot camp ‘ where prominent theoretical approaches towards economic globalizations will be presented. The second part of the course will consist of student-guided seminars where groups will present their case studies. Those cases will cover topics like: (i) China; from manufacturing hub to leader of regional value chains; (ii) Middle-income traps and how to overcome the conundrum; (iii) Dealings with ‘Dutch Disease’; (iv) Small economies and World Market Success; (v) State policies and ‘Innovative Disrupture; (vI) Moving towards a global sharing economy?; (vii) Trade policies and public discontent: the case of TTIP; (viii) International organizations and the global economy.

 

Class 1: International Macroeconomic Approaches towards globalization

 

Class 2: Political Economy Approaches towards globalization

 

Class 3: Looking back: Embedded Liberalism

 

Class 4: Looking back": Bretton Woods and Wall Street Regime

 

Class 5: Mobility of Money, Goods and Capital

 

Class 6: feedback activity

 

Class 7: Case Study 1: Middle Income Trap: China

 

Class 8: Case Study 2: Small Economies and World Market Niches

 

Class 9: Case Study 3: Industrial Policies and Disruptive Innovation

 

Class 10: Case Study 4: Towards a global Sharing Economy?

 

Class 11: Case Study 5: TTIP: Trade Policy under Stress?

 
Teaching methods
This course takes a split teaching format. The first two weeks will be a teacher-guided seminar where we read and discuss a wide range of analytical approaches towards economic globalization and its key features. The second part will be student-guided seminar where groups of students will present their case studies.

Students who register for the course will already note their preference for a particular case study topic. Each students will send a pre- assignment that lays out some rough hypotheses that may be relevant for the particular case.
This course takes a split teaching format. The first two weeks will be a teacher-guided seminar where we read and discuss a wide range of analytical approaches towards economic globalization and its key features. The second part will be student-guided seminar where groups of students will present their case studies.

Students who register for the course will already note their preference for a particular case study topic. Each students will send a pre-course assignment that lays out some rough hypotheses that may be relevant for the particular case.
Student workload
Preliminary assignment 10 hours
Classroom attendance 33 hours
Preparation 144 hours
Feedback activity 7 hours
Examination 12 hours
Further Information

 

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.

 

Feedback Activity: A feedback activitity defined by the course instructor will take place app. half-way through the course. 
 

 

The timetable is available on  http://www.cbs.dk/files/cbs.dk/isup_timetable_2016_updated.pdf
Expected literature

PRIMARY LITERATURE (MUST-HAVE BOOKS):

 

Jeffrey Frieden: Global Capitalism: Its Fall and Rise in the Twentieth Century

ISBN 9780393329810

W.W. Norton2007 (paperback), 2007

 

Frank J. Lechner, John Boll: The Globalization Reader

ISBN 9781118733554

Wiley-Blackwell, 5th edition, 2014 paperback

 

Dani Rodrik: The Globalization paradox: democracy and the Future of the World Economy

ISBN 9780393341287 (European edition)

W.W. Norton, 2012

 

 

SECONDARY LITERATURE (NICE-TO-HAVE BOOKS):

 

Ferdi De Ville, Gabriel Siles-Brugge: TTIP: The Truth about the Transatlantic Trade and Investment Partnership

ISBN 97815095-1021

Polity, 2015

 
Last updated on 12-05-2016