MASTER OF ARTS DEGREE IN INTERNATIONAL RELATIONS
Department of International Relations
Faculty of Social Sciences
South Asian University
New Delhi - 110021, India
The Global Economy
Course Details
Instructor Details
Compulsory, 4 Credits
Dr. Dhananjay Tripathi
Classroom Hours: Monday & Wednesday
Email: [email protected]
9.00 am to 11.00 am
Office Hours: Tuesday & Thursday 2.00 pm – 3.00 pm
Course Description
The primary objective of this course is to explore and understand links between
international relations and international political economy by keeping the
phenomenon of globalization in sight. The interrelationship between politics and
economics is quite complex because there can be economic basis of political choice
and sometimes there is primacy of ‘political’ to transform the economy. In view of
this, the course will try to untangle the intricate interconnections between politics and
economics to grasp the nature of contemporary international political economy.
Understanding the enmeshed network of ties between economics and politics can
certainly enrich our understanding of international relations. Keeping this in the
background the above course has been divided into the following six units.
METHOD OF EVALUATION
Mid- Semester: 30%
End- Semester: 30%
Assignment: 20 %
Term Paper: 20%
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COURSE STRUCTURE
Week 1
Unit I: Introduction
The objective of this unit is to introduce the course, to discuss its critical relevance
and also to study the history of the global political economy.
Required Readings
1. Gilpin, Robert (2003), Global Political Economy: Understanding International
Economic Order, New Jersy: Princeton University Press (Chapter 1)
2. Thompson, R, William (2000), The Emergence of the Global Political Economy,
London: Routledge Publication (Chapter 1).
Reccoemmended Readings
1. Oatley, Thomas (2011), (Vth Edition) International Political Economy, Harlow:
Pearson Education. (Chapter 1)
2. Walter, Andrew and Gautam, Sen (2009), Analyzing the Global Political Economy,
New Jersy: Princeton University Press.
Week 2-5
Unit II: Approaches
In this unit we will try to understand the emerging contours of international political
economy and in the process, we shall study contending approaches such as realist,
liberal and Marxist/Neo-Marxist towards international political economy.
Required Readings
1. Dunn, Bill (2009), Global Political Economy: A Marxist Critique, London: Pluto
Press (Chapter 1, 2, 3 & 4)
Reccoemmended Readings
1. Siebert, Horst (2009), Rules for the Global Economy, New Jersey: Princeton
University Press. (Chapter 1)
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2. Cohen, I, Solomon (2009), Economic Systems Analysis and Policies Explaining
Global Differences Transition and Differences, Houndmills: Palgrave Macmillan
(Chapter 1, 2 & 4)
3. Burchill, Scott (1996). “ Liberal Institutionalism” in Burchill, Scott and Linklater,
Andrew (eds) Theories of International Relations, New York: St Martin Press.
4. Blomstrom, Magnus and Hettne, Bjorn (1984), Development Theory in Transition:
The Dependency Debate &Beyond: Third World Responses, London: Zed Books.
5. Harshe Rajen (1997), Twentieth Century Imperialism: Shifting Contours and
Changing Conceptions, New Delhi: Sage Publication
6. Wallerstein, Immanuel (1976), The Modern World System: Capitalism Agriculture
and Origins of the European World- Economy since the Sixteenth Century, New
York: Academic Press, pp.229-233
Submission of First Assignment: 25th February 2014
Week 6-7
Unit III: International Economic Institutions
After the end of World War-II, different economic bodies primarily like the
International Monetary Fund (IMF) and the World Bank (WB) played an important
role in Global economic governance. In the post-Cold War world when the General
Agreement on Tariff and Trade (GATT) proved inadequate, the Uruguay round of
talks led to the formation World Trade Organization (WTO) in 1995. The WTO has
jurisdiction over international trade ever after. This unit will cover the study of these
three major organisations.
Required Readings
1. Oatley, Thomas (2011), (Vth Edition) , International Political Economy, Harlow:
Pearson Education. (Chapter 2)
2. Spero, E. Joan and Jeffery A. Hart (2010), (VII Edition) The Politics of
International Economic Relations, Boston: Wadsworth. (Chapter 1 & 2)
Recommended Readings
1. Tabb, K, William (2004), Economic Governance in the Age of Globalization, New
York: Columbia University Press. (Chapter 5,7 & 10)
2. Head, W, Jhon (2008), Losing the Global Development War A Contemporary
Critique of the IMF, World Bank and the WTO, Leiden: Murtinus Nijhoff Publishers
(Chapter 3)
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Week: 8
Unit IV: Foreign Aid and Development Assistance
This unit will try to analyse the political economy of foreign aid and development
assistance. This is particularly important to understand and analyse the influence of
global north in the international politics.
Required Reading
Morgenthau, Hans (1962), “A Political Theory of Foreign Aid”, The American
Political Science Review, 56 (2).
Akhand, A, Hafiz and Kanhaya L Gupta (2002), Foreign Aid in Twenty-First
Century, New York: Springer Publication (Chapter 2)
Recommended Readings
1. Therien, P. Jean (2002), “Debating Foreign Aid: Right Versus Left, Third World
Quarterly, 23 (3), 449-466.
2. Lahiri, Sajal (2007), Theory and Practice of Foreign Aid, Amsterdam: Elsevier
Publication
3. United Nations Conference on Trade and Development (2009), The Global
Economic Crisis: Systematic Failure and Material Remedies, New York: United
Nations (Chapter 1 & 5)
4. Baldwin, A David (1966), “Analytical Notes on Foreign Aid and Politics”,
Background, 10 (1)
Week 9: Review and Discussion
Week 10-13
Unit V: Globalisation and Regionalism
This unit will shed light on some of the important trends of the contemporary world
economy such as the rise of Multi-National Firms (MNCs) and banks, changing
nature of international trade, finance and technology in the context of globalization.
Similarly, with the advent of continued technical and functional cooperation as well
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as growing trends towards regional cooperation, economic regionalism has emerged
as significant area of inquiry in IPE. This unit will also devote to the study of regional
integration.
Required Readings
1. Rodrik, Dani (1997), Has Globalization Gone Too Far, Washington: Institute for
International Economics (Chapter 1).
2. Oatley, Thomas (2011), (Vth Edition), International Political Economy, Harlow:
Pearson Education (Chapter 8,9,16)
3. Harshe, Rajen (2002), “Marxism, Capitalism, Globalisation” (Review Essay)
Economic and Political Weekly, Vol. XXXVII, No 15, pp.1407-1412.
4. Spero, E. Joan and Jeffery A. Hart (2010), (VII Edition) The Politics of
International Economic Relations, Boston: Wadsworth. (Chapter 4)
5. Gilpin, Robert (2001), Global Political Economy Understanding the International
Economic Order, New Jersey: Princeton University Press (Chapter 13)
Recommended Readings
1. Fartianni, Michele (2006), (ed) Regional Economic Integration, Oxford: Elsevier
Publication (Chapter 2,3 & 4)
2. Friedman, Jeffery & David A Lake (eds) (2003) International Political Economy
Perspectives on Global Power and Wealth (IV edt), St. Martin: Routledge
Publication. (Chapter 25 & 26)
3. Harshe, Rajen (ed) (2004), Interpreting Globalisation: Perspectives in
International Relations, New Delhi: Jaipur, Rawat Publication.
4 Steger, Manfred B (2004), Globalization: The New Market Ideology, New Delhi:
Rawat Publication
5. Schuurman, Frans J(ed) (2001) , Globalization and Development Studies, New
Delhi: Vistaar Publications
6. Amin, Samir (1997), Capitalism in the Age of Globalisation, London: Zed Books.
Submission of Second Assignment: 23rd April 2014
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Week 14
Unit VI: Emergence of Global South
The post-Cold War world has witnessed the rise of emerging economies such as
India, China, South Africa, Brazil and Russia. This unit will broadly analyze the
significance of the potential as well as actual power of the emerging powers in the
world economy.
Required Readings
1. Jain, K, Subhash
(2006), Emerging Economies and Transformation of
International Business Brazil, Russia, India and China (BRICs), Cheltenham: Edward
Elgar (Chapter 1& 2)
2. Hua, Shiping, and Sujian Guo (2007), China in the Twenty First Century
Challenges and Opportunities, New York: Palgrave Macmillan (chapter 5)
3. Thornton, H, William and Songok Han Thornton (2012), Towards and Geopolitics
of Hope, New Delhi: Sage Publication. (Chapter 3)
Recommended Readings
1. Dicken, Peter (2011), Global Shift Mapping the Changing Contours of the World
Economy (VI Ed), New York: The Guilford Press. (Chapter 2 & 3)
2. Alden, Chirst, Sally Morphet & Marco Antonio Vieira (Eds) (2010), The South in
World Politics, London: Palgrave Macmillan. (Chapter 3).
3. Daniels, Peter, Leyshon Andrew, Bradshaw, Beaverstock (Eds) (2007),
Geographies of New Economy Critical Reflections, Abington: Routledge Publication.
(Chapter 9)
4. Jha, Raghbendra (2008), The Indian Economy Sixty Year After Independence,
New York: Palgrave Macmillan.
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