COURSE DESCRIPTION

This Course is intended to introduce you to the study of Globalization and the Global Political Economy (GPE), which examines the interplay between political actors and the global economic marketplace. It emphasizes a theoretically and historically informed understanding of the development, functioning, and trajectory of the global political economy. You will learn how to use multiple different theories to understand and critically assess global economic processes.

We will begin with a critical analysis of major theoretical perspectives in GPE, including mercantilism, liberalism, and structuralism. Each perspective is based on a set of assumptions that “colors” the way we interpret events in the global economy.

With this foundation, we will then examine the nature of international “structures” of production, trade, finance, and knowledge. Who has authority over these structures, and with what purposes, means, and consequences? What are the “rules” of international trade? How do the IMF, the World Bank, and multinational corporations affect flows of goods and investment around the world? Who benefits from control of knowledge? Finally, we will be engaged with issues of global governance in the 21^st Century, as new economic and political centres of power emerge and evolve.

Upon successful completion of this course, you will be able to:

• Understand and analyze the major political themes in the historical development of the international economy;
• understand the debates about the emergence and political consequences of a globalized economy, with its patterns of inequality;
• Evaluate important perspectives and theories of GPE in historical and contemporary contexts;
• Use theories to explain the causes and effects of international trade, international capital flows, monetary relations, and the main debates around globalization;
• Understand the importance of the politics of human and environmental security in studies of political economy.
• Demonstrate analytical and critical thinking skills when analyzing political phenomen.

Reason to Study Global Political Economy

Global or International Political Economy (IPE) provides valuable insights into the intricate relationship between global politics and economics. It is an ideal choice for those keen on comprehending how international policies, trade, finance, and institutions influence the global economic landscape. This field serves to individuals with diverse career aspirations who seek to understand the complexities of the global economic system and its significant role in international relations and policymaking.

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