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POLICY AND POLITICS |
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CD10 Syllabus
Course
Structure Index |
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The
goal of this course is to enable students to analyze the interaction of
political and economic factors in the development of policies affecting
international trade, foreign direct investment, technological progress,
and competition involving multinational corporations.
Students will learn how to evaluate complex interactions among and
between governments, industries and firms that characterize international
economic relations and develop an improved ability to identify the
critical policy elements affecting the international competitiveness of
national industries. Key
Texts and Articles The
required text is Readings in
International Political Economy by David Balaam and Michael Veseth, 1st
Edition, 1996, Prentice-Hall. The
following texts provide supplementary material which the class members may
wish to read in order to broaden their understanding of the subject: Strange,
Susan, States and Markets, 2nd
edition (Pinter Publishing, 1994). Spero,
Joan Edelman, The Politics of
International Economic Relations, 4th edition
(St. Martins Press, 1990). Balaam,
David and Michael Veseth, Introduction
to International Political Economy (Prentice Hall, 1996). Isaak,
Robert, Managing World Economic
Changes, 2nd Edition (Prentice
Hall, 1995). Gilpin,
R., U.S. Power and the Multinational
Corporation (Princeton, 1987). Class
members are expected to read one or more of the following daily and/or
weekly publications: New York
Times, Washington Post, Financial Times (London), Wall Street Journal,
Time, Newsweek, Business Week, etc. Discussions
in class may center on accounts of current issues reported in these
journals Course
Requirement: Each
class member will write a research paper as follows:
Describe, compare and contrast the U.S. with any one of the
following countries: Japan, China, S. Korea, Germany, France, or Brazil
with regard to policies and practices in the area of trade, foreign direct
investment, technology and competition.
Examples using various industries may be used to illustrate
different aspects of the subject. Class
Schedule Class
1: What is IPE:
Systems of IPE, traditional view, instructor’s view; primary
structures: production, finance, knowledge, security; secondary
structures: trade, transport, energy, welfare; framework for the course;
discussion of syllabus and assignments. Required
Reading: Unless otherwise
indicated, the readings are from the required text: Balaam,
David and Michael Veseth, Readings
in International Political Economy, 1st Edition (Prentice
Hall, 1996). Pages
1 - 53: Articles
by M. Kahler, Frederick List, James Fallows, Adam Smith, Robert Skidelsky. Pages
64 - 84: Articles
by A.G. Frank, A. Shlector, and R.N. Vishny
Class
2: Production:
Multinational corporations; resources, capabilities, management; modes of
entry, location of production, strategic alliances; business policy and
public policies. Nationality
of the multinational corporation. Required
Reading: Pages 213 - 339 Articles
by Peter Drucker, William Grieder Class
3: International Trade:
Trade theories; world trade organizations; trade policies as related to
nation states; instruments of trade policies; trade and multinational
corporations; trade policies related to domestic public policies, such as
technology and competition. Required
Reading: Pages 85 - 111 Articles
by Peter Drucker and Karl J. Fields Class
4: Knowledge and
Technology: Basic,
applied research; research and development; technology and
commercialization; intellectual property rights; product life cycle;
government support; international cooperation and conflict; relationship
of technology to trade. Competing
firms and competing states. Required
Reading: Pages 191 - 198 From the Economist, Handouts: Tonelson, A., “The Perils of Technoglobalism” and
Rodgers, T.J., “Technology Traps.” Class
5: Structures and
Infrastructure: Finance;
transportation; energy; communication; information; enhancement
institutions (health, education, welfare); security.
Relationship to production, trade, and technology Required
Reading: None Class
6: Regions and
Nation-States I: European
Union/Eastern Europe/Africa. Required
Reading: Pages 202 - 225 Article by G. Hodgson
from The Economist
Class
7: Regions and
Nation-States II: Japan,
China, and the industrializing countries of Asia Required
Reading: Pages 231 - 246, 293
- 311 Article
by Takashi Moguchi from The
Economist Class
8: North America/U.S.:
Place of U.S. in primary and secondary structures; the future: a
prognosis.
Required Reading: Pages
408 - 418
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