Course and Examination Fact Sheet: Spring Semester 2017
4,338: History of Globalisation
ECTS credits: 4
Overview examination/s
(binding regulations see below)
Decentral ‑ examination paper written at home (individual) (10%)
Decentral ‑ Presentation (in groups ‑ all given the same grades) (20%)
Decentral ‑ Written examination (70%, 90 mins.)
Attached courses
Timetable ‑‑ Language ‑‑ Lecturer
4,338,1.00 History of Globalisation ‑‑ Englisch ‑‑ Graff Michael
Course information
Course prerequisites
Interest in questions related to the history of globalisation; readiness to study the indicated chapters of the course’s textbook
(Graff et al.), to hand in a 1−2 page written assignment by 19 April 2017, to deliver a teamwork presentation in class after the
mid‑semester break, accompanied by a summary handout, as well as to engage in additional reading and discussions.
Prior knowledge of economic history is an advantage, but not a prerequisite.
Course content
This course is dealing with the history of globalisation from the beginnings to the present. After a broad introduction into the
topic and the literature, we shall discuss the various dimension of globalisation (migration, transport, money and credit, power
and conquest, colonisation and decolonisation) as well as a selection of key periods and events and regions affected by them
(prehistory, ancient empires, Islamic trade, Mediterranean trade, Atlantic trade, Pax Britannica, the gold standard, the World
Wars and their legacy, the recent surge of globalisation).
The aim of the course is to provide the participants with a broad understanding of the core issues and controversies related to
the history of globalisation looked upon from a wide historical, economic and truly global perspective as well as with detailed
knowledge of selected key periods and regions affected by the different phases of the globalisation process.
Course structure
Fact sheet version: 2.0 as of 03/01/2017, valid for Spring Semester 2017
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Lecture day 1
Introduction: Overview; confirmation of students’ presentations.
Lecture: Introduction to studying the history of globalization; theory: The gravity model; comparative advantage.
Lecture day 2
Lecture: The prehistory of globalization; economy and trade in Antiquity; early money and banking.
Lecture day 3
Lecture: Economy and trade at the dawn of the modern era.
Lecture day 4
Lecture: The age of discovery: A global view; the Atlantic economy: 16th to 18th century
Lecture day 5
Lecture: The first peak of modern globalisation: 19th century.
Lecture day 6
Lecture: The World Wars and the inter‑war years.
Lecture day 7
Lecture: Bretton Woods and beyond: Reconstruction and the ʺGolden Yearsʺ of capitalism.
Lecture day 8
Students’ presentations and discussion
Students’ presentation 1: The Gold Standard
Students’ presentation 2: Colonialism an Imperialism at the eve of the Great War
Students’ presentation 3: Decolonisation after 1945
Lecture day 9
Students’ presentations and discussion
Students’ presentation 4: Liberalisation and globalisation: the 1970s
Students’ presentation 5: The rise of Asia
Students’ presentation 6: The Global Financial Crisis and the Great Recession
Lecture day 10
Students’ presentations and discussion
Students’ presentation 7: Globalisation today: supporters and opponents
Students’ presentation 8: Projections: The world economy in the 21st century
Students’ presentation 9: Special topic (students’ suggestion, to be approved by lecturer)
Lecture day 11
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Course summary and discussion: The process and outcomes of globalisation in the international economy and their effects on human
well‑being
Advice: How to do well in the final examination?
Lecture day 12
Final examination (90 minutes).
Course literature
Textbook:
Graff, Michael, A. G. Kenwood and A. L. Lougheed (2013), Growth of the International Economy, 1820–2015, Routledge.
Recommended reading (background and kick​off reading for presentations):
Bayly, C. A. (2004), The Birth of the Modern World, 1780–1914, Blackwell Publishing.
Bernstein, William (2008), A Splendid Exchange. How Trade Shaped the World, London.
Broadberry, Stephen and Harrison, Mark (2008), World Wars, Economics of, The New Palgrave Dictionary of Economics, Eds.
Steven N. Durlauf and Lawrence E. Blume, Palgrave Macmillan.
Cameron, Rondo and Neal, Larry (2002), A Concise Economic History of the World. From Paleolithic Times to the Present, 4th ed.,
Oxford University Press.
De Long, J. Bradford (1997), The Economic History of the Twentieth Century: Slouching Towards
Utopia,http://econ161.berkeley.edu/tceh/slouch_old.html.
De Vries, Jan (2010), The Limits of Globalization in the Early Modern World, The Economic History Review, Vol. 63, No. 3, pp. 710–
733.
Duval, Romain and De la Maisonneuve, Christine (2010), Long‑Run Scenarios for the World Economy, Journal of Policy Modeling,
Vol. 23, pp.64‑80.
Foreman‑Peck, James (1995), A History of the World Economy. International Relations Since 1850, 2nd ed., Harlow. Fukuyama,
Francis (1992), The End Of History and the Last Man, New York.
Goldin, Ian (2010), Exceptional People: How Migration Shaped Our World and Will Define Our Future, Princeton. Graeber, David
(2011), Debt: The First 5,000 Years, Melville House Publishing.
Hirth, K. G. and Pillsbury, J. (2013), Merchants, markets, and exchange in the Pre‑Columbian World. Washington, DC Dumbarton
Oaks Research Library and Collection 2013.
Hobsbawm, Eric (1994), The Age of Extremes. A History of the World, 1914–1991, New York. Judt, Tony with Snyder, Timothy
(2012), Thinking the Twentieth Century, New York.
Keynes, John Maynard (1920), The Economic Consequences of the Peace, New York. Kindleberger, Charles P. (1987), The World in
Depression, 1929–1939, Harmondsworth.
Lenin, Vladimir Ilyich (1917), Imperialism, the Highest Stage of Capitalism, in: Lenin’s Selected Works, Progress Publishers, 1963,
Moscow, Vol. 1, pp. 667–766.
Lewis, W. Arthur (1977), The Evolution of the International Economic Order, Princeton.
Fact sheet version: 2.0 as of 03/01/2017, valid for Spring Semester 2017
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Llewellyn, John and Santovetti, Lavinia (eds.) (2010), The Ascent Of Asia, Nomoura Global Economics. Lopez, Robert S. (1976), The
Commercial Revolution of the Middle Ages, 950–1350, Cambridge.
Maddison, Angus (2001), The World Economy, A Millennial Perspective, Paris.
Marx, Karl and Engels, Friedrich (1848), Manifesto of the Communist Party, translated by Samuel Moore in cooperation with
Friedrich Engels, London, 1888.
Rajan, Raghuram G. (2010), Fault Lines. How Hidden Fractures Still Threaten the World Economy, Princeton
Reinhart, Carmen M. and Rogoff, Kenneth S. (2009), This Time is Different: Eight Centuries of Financial Folly, Princeton.
Rodrick, Dani (2011), The Globalization Paradox, New York.
Rostow, Walt. W. (1978), The World Economy, History and Prospect, London.
Shaxson, Nicholas (2011), Treasure Islands. Tax Havens and the Men Who Stole the World, London.
Stiglitz, Joseph E. (2002), Globalization and its Discontents, New York.
Williamson, Jeffrey G. (2006), Globalization and the Poor Periphery before 1950, Cambridge.
Ziegler, Jean (2002), Les nouveaux Maîtres du Monde et ceux qui leur résistent, Paris.
Other reading:
Journal articles and working papers and will be supplied during the course.
Additional course information
This course will be delivered across the semester on 12 days. On the first day we shall have an introductory lecture on the
methodology, the topic and a recent economic model reflecting globalisation. The following lectures will address the history of
globalisation from the beginnings to the present. Starting with the 8th lecture day, we will have three weeks comprising a total of
nine in‑class students’ presentations and discussions on selected topics of some recent aspects of globalisation. The 11th lecture
day will be devoted to a critical summary of the process and outcomes of globalisation in the international economy in general
and their effects on human well‑being in particular. The course’s final exam will take place on the last scheduled lecture day.
Examination information
Examination sub part/s
1. Examination sub part (1/3)
Examination time and form
Fact sheet version: 2.0 as of 03/01/2017, valid for Spring Semester 2017
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Decentral ‑ examination paper written at home (individual) (10%)
Remark
Country profile, 1‑2 pages, due on 19 April 2017
Examination-aid rule
Term papers
Term papers must be written without anyone elseʹs help and in accordance with the known quotation standards, and
they must contain a declaration of authorship.
The documentation of sources (quotations, bibliography) has to be done throughout and consistently in accordance with
the APA or MLA standards. The indications of the sources of information taken over verbatim or in paraphrase
(quotations) must be integrated into the text in accordance with the precepts of the applicable quotation standard, while
informative and bibliographical notes must be added as footnotes (recommendations and standards can be found, for
example, in METZGER, C. (2015), Lern‑ und Arbeitsstrategien (11th ed., 4th printing). Aarau: Sauerländer).
For any work written at the HSG, the indication of the page numbers both according to the MLA and the APA standard is
never optional.
Where there are no page numbers in sources, precise references must be provided in a different way: titles of chapters or
sections, section numbers, acts, scenes, verses, etc.
For papers in law, the legal standard is recommended (by way of example, cf. FORSTMOSER, P., OGOREK R. et SCHINDLER
B. (2014, Juristisches Arbeiten: Eine Anleitung für Studierende (5. Auflage), Zürich: Schulthess, or the recommendations of
the Law School).
Supplementary aids
‑‑
Examination languages
Question language: English
Answer language: English
2. Examination sub part (2/3)
Examination time and form
Decentral ‑ Presentation (in groups ‑ all given the same grades) (20%)
Remark
‑‑
Examination-aid rule
Practical examination
No examination‑aid rule is necessary for such examination types. The rules and regulations of the University of St. Gallen apply
in a subsidiary fashion.
Supplementary aids
Manuscript for presentation
Examination languages
Question language: English
Answer language: English
3. Examination sub part (3/3)
Examination time and form
Decentral ‑ Written examination (70%, 90 mins.)
Remark
scheduled on the last lecture day
Examination-aid rule
Extended Closed Book
Fact sheet version: 2.0 as of 03/01/2017, valid for Spring Semester 2017
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The use of aids is limited; any additional aids permitted are exhaustively listed under ʺSupplementary aidsʺ. Basically, the
following is applicable:
At such examinations, all the pocket calculators of the Texas Instruments TI‑30 series and mono‑ or bilingual dictionaries
(no subject‑specific dictionaries) without hand‑written notes are admissible. Any other pocket calculator models and any
electronic dictionaries are inadmissible.
In addition, any type of communication, as well as any electronic devices that can be programmed and are capable of
communication such as notebooks, tablets, PDAs, mobile telephones and others, are inadmissible.
Students are themselves responsible for the procurement of examination aids.
Supplementary aids
None
Examination languages
Question language: English
Answer language: English
Examination content
Country profile
The first part of the course’s assessment is a short written trade profile of a country of region of your choice. You are supposed to
give a short summary of the chosen country’s/region’s present balance of trade. Highlight the most important goods and services
(imports and exports) as well as their origins and destinations. The length of the paper is 1−2 pages (A4, academic page
formatting with font size 11−12 pt., including any graphs, tables and references; shorter or longer papers will incur a penalty).
Please upload your paper as a single pdf file into the folder ʺAbgabeʺ (submission) on the courseʹs StudyNet page before the
elapse of the deadline, when the folder will be closed.
Submission is due no later than 19 April 2017, 10:00 (10 am). The paper carries a weight of 10% of the course’s total assessment.
Late submissions are not accepted.
Presentation in class and handout
A total of nine presentations of 30 minutes (including discussion) will take place from lecture day 8 to lecture day 10. They are
team work, with the number of students in a team to be determined when the number of enrolled participants is known. The
topics have to be selected from a list provided by the lecturer, allowing for no more than one “special topic” according to
students’ preferences. Presentations have to be accompanied by a 1−2 page (1 sheet) handout, summarising the most important
aspects of the presentation. Performance in class and handout carry a joint weight of 20% of the course’s total assessment.
Final examination
The final examination will relate to the entire course. It will comprise MCQs and open questions related to economic development
as presented and discussed in prescribed readings, in lectures, students’ presentations and discussions in class. It carries a
weight of 70% of the courses total assessment.
Examination relevant literature
Fact sheet version: 2.0 as of 03/01/2017, valid for Spring Semester 2017
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Graff, Michael, A. G. Kenwood and A. L. Lougheed (2013), Growth of the International Economy, 1820–2015, Routledge.
Lecture notes.
Students’ presentation handouts.
Please note
We would like to point out to you that this fact sheet has absolute priority over other information such as StudyNet,
faculty members’ personal databases, information provided in lectures, etc.
When will the fact sheets become binding?
Information about courses and examination time (central/decentral and grading form): from the start of the bidding
process on 26 January 2017
Information about decentral examinations (examination‑aid rule, examination content, examination relevant
literature): after the 4th semester week on 20 March 2017
Information about central examinations (examination‑aid rule, examination content, examination relevant
literature): from the start of the enrolment period for the examinations on 10 April 2017
Please look at the fact sheet once more after these deadlines have expired.
Fact sheet version: 2.0 as of 03/01/2017, valid for Spring Semester 2017
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