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POSC 397 ---- Fall 2004
The POLITICS of INTERNATIONAL ECONOMIC RELATIONS

Dr. Chris Blake
Maury 207 – 568-6344 –
BLAKECH@JMU.EDU
OFFICE HOURS: M 3:30-5, Tu 3-5, W 3:30-5 and by appointment

BLACKBOARD WEBSITE: Click HERE to go to Blackboard for POSC 397

Syllabus for Fall 2004

Over the past two decades, the visibility of political conflict over international economic relations has increased steadily. This conflict is often portrayed as a pitched battle between fierce free-market advocates and equally fierce opponents of any form of economic globalization. Television coverage of street violence erupting amid protests surrounding recent international economic summits (Geneva in 1998, in Seattle in 1999, Prague and Washington, DC in 2000, Genoa and Quebec City in 2001, Barcelona in 2002, and Miami in 2003) visually dramatizes the disagreement but does little to help us understand the issues under debate. What factors drive the political disagreements over economic globalization? What is new (and what is not so new) in the politics of international economic relations?

The first half of the course begins with an overview of analytic perspectives for the understanding of international political economy. Then we examine major political issues in international economic exchange – particularly in trade, monetary policy, and finance. At the outset of the second half of the semester, we examine central issues in the politics of economic development and of multinational corporations . The course concludes with an in-depth examination of trade politics in the Americas that integrates and applies the previous course materials. This part of the course will culminate in a trade negotiation simulation in which students will role-play different countries’ governments and and I will role-play different non-governmental organizations (NGOs) within and across those countries.

Throughout the course we will focus on the political dynamics of economic ties, but we will also consider the policy implications of different international economic strategies as those perceived implications shape the political dynamics of these issues. The three written assignments will all be integrated into the course simulation of the Free Trade Agreement for the Americas (FTAA) negotiations. Accordingly, as you work on those assignments you will also be preparing for the simulation.

EVALUATION:

Class Participation -- 10%
Take-Home Analysis #1 (3pp. max.) -- 10%
Mid-Term -- 25%
Take-Home Analysis #2 (3pp. max.) -- 10%
Policy Brief (15-20pp.) -- 20%
Final Exam -- 25%

PROCEDURES:

As a point of fairness to your classmates, the honor code must be observed at all times & written work must be handed in promptly. Tests must be handed in at the end of the class period. Lab work and written work handed in late will be penalized 5 points plus an additional 5 points for every additional 24-hour period. All work is to be original work done specifically for this course. The class participation grade will be determined by performance in the class simulation. Make-up exams and late course withdrawals will be permitted only under exceptional circumstances: do not assume that you will be allowed to take a make-up test or to withdraw from the course late in the semester. Readings should be completed by class time of the date listed. The professor reserves the right to alter this course outline as circumstances demand. For further discussion of course policies, see the appropriate portion of the course website.

TEXTS:

Balaam, David & Michael Veseth. Introduction to International Political Economy. 3rd  ed., Upper Saddle River, NJ: Prentice-Hall, 2005.
Broad, Robin, ed. Global Backlash: Citizen Initiatives for a Just World Economy. Lanham, MD: Rowman & Littlefield, 2002.
Cameron, Maxwell & Brian Tomlin. The Making of NAFTA: How the Deal Was Done. Ithaca, NY: Cornell University Press, 2002.
Friedman, Thomas. The Lexus and the Olive Tree: Understanding Globalization. New York: Anchor Books, 2000.
Salazar-Xirinachs, Jose & Maryse Robert, eds. [SXR] Toward Free Trade in the Americas. Washington, DC: Brookings Institution & the OAS, 2001.
Additional readings will be made available in online form. Go to the appropriate date on this online syllabus for details and hyperlinks.

COURSE OUTLINE:

REMEMBER: Many of the dates in this syllabus are hyperlinked. Right-click on the active links to download outlines and tables associated with the day's class session. A menu will pop up; left-click on "save link as" to get a dialog box for downloading the file. Specify the appropriate drive, folder, and file name and then left-click on save to download the file. These are rich text format outline (RTF) files that are most compatible with Word. From Word you can modify formatting and/or print the outlines.

If your computer has Word installed, you also have the option of left-clicking on the link to load the file immediately into Word for editing and/or printing.

Part I: An Overview of the Politics of the International Economy
Points of Emphasis: perspectives on IPE (mercantilism, liberalism, structuralism, & institutionalism)

WEEK ONE:

Aug. 23 – Course Introduction
== HANDOUT

Aug. 25 – Understanding International Political Economy (IPE)
== Balaam & Veseth, pp.3-32
== Friedman, pp.3-28

Aug.27 – The Mercantilist Perspective
== Balaam & Veseth, pp.25-42
== Friedman, pp.29-43

WEEK TWO:

Aug. 30 – The Liberal Perspective
== Balaam & Veseth, pp.45-65
== Friedman, pp.44-72

Sep. 1 -- The Structuralist Perspective
== Balaam & Veseth, pp.67-85
== Friedman, pp.73-100

Sep. 3 -- The Institutionalist Perspective
== Balaam & Veseth, pp.87-101
== Friedman, pp.101-142

WEEK THREE:

Sep.  6 -- PERSPECTIVES in ACTION: The Debate over Globalization
**post an entry to the course discussion thread on Blackboard after reading the Broad assignment**
== Broad, pp.1-59

Sep. 8 -- An IPE Case Study in Progress: The Free Trade Agreement of the Americas
== Salazar-Xirinachs & Robert, pp.1-40
== Friedman, pp.144-166

Part II: The Politics of International Trade, Monetary Management, & Finance
Points of Emphasis:  terminology, tradeoffs, & institutions in trade, intellectual property, monetary management, and finance; society-centered & state-centered explanations of their political dynamics

Sep. 10 -- Trade Terminology & Issues
== Balaam & Veseth , pp.110-131
== Friedman, pp.167-193
{SIMULATION ASSIGNED}

WEEK FOUR:

Sep. 13 --  The Evolution of International Trade
== INFOTRAC "Seeds Sown for Future Growth: The Doha Round" The Economist 11/17/01
== INFOTRAC "Dust-Up in Doha" The Nation 12/10/01
== INFOTRAC "The WTO Under Fire: The Doha Round" The Economist 9/20/03
== INFOTRAC "Now Harvest It: World Trade" The Economist 8/7/04
== Friedman, pp.194-247

Sep. 15 -- Economic Integration in the Americas & Beyond
== Salazar-Xirinachs & Robert, pp.45-107
{ANALYSIS #1 asssigned}

Sep. 17 -- Trade in Manufacturing & Agriculture in the Americas & Beyond
== Salazar-Xirinachs & Robert, pp.125-140
== Friedman, pp.248-275

WEEK FIVE:

Sep. 20 -- Intellectual Property in the Americas & Beyond
== Balaam & Veseth, pp.208-224
== Salazar-Xirinachs & Robert, pp.207-229

Sep. 22 -- Trade Dispute Resolution in the Americas & Beyond
== Salazar-Xirinachs & Robert, pp.255-275
== Friedman, pp.276-324

Sep. 24 -- Monetary Terminology & Issues
== Balaam & Veseth, pp.133-154
== Friedman, pp.327-347

WEEK SIX:

Sep. 27 -- The Evolution of International Monetary Management
== reading 1 on BLACKBOARD
== reading 2 on BLACKBOARD
== Friedman, pp.348-364

Sep. 29 -- Financial Terminology & Issues
== Balaam & Veseth, pp.157-179
== Friedman, pp.367-405
{ANALYSIS #1 DUE at 11:15am on 9/29}

Oct.  1 -- From International Finance to Global Finance
== reading 1 on BLACKBOARD
== reading 2 on Economist.com ["Japan's Tough Choice" The Economist 1/14/02]
== Friedman, pp.406-433

WEEK SEVEN:

Oct.  4 -- The LDC Debt Crisis
== reading 1 on BLACKBOARD
== reading 2 on BLACKBOARD
== Friedman, pp.434-475

Oct.  6 -- PERSPECTIVES in ACTION: Thomas Friedman & the Globalization Debate plus pre-test review
== review Friedman

Oct.  8 -- VIDEO

WEEK EIGHT:

Oct. 11 -- MID-TERM

Oct. 13 -- TEST REVIEW & SIMULATION PREPARATION
== Broad, pp.65-111

Oct. 15 -- FALL BREAK:  no class...

Part III: The Politics of Development, Production, & Corporate Conduct
Points of Emphasis:  terminology & issues related to economic development, multinational corporations, and cartels, society-centered & state-centered explanations of their political dynamics

WEEK NINE:

Oct. 18 -- Production and the Development Debate
== Balaam & Veseth, pp.319-344
== Broad, pp.173-185
{ANALYSIS #2 asssigned}
 

Oct. 20 -- Economic Development in the Americas
== INFOTRAC "Poverty Reduction" Finance and Development v37 Mar. 2000
== INFOTRAC "The Unfinished Poverty Agenda: Why Latin America and the Caribbean Lag Behind" Finance and Development v38 Mar. 2001
== INFOTRAC "The New Economic Model in Latin America and its Impact on Income Distribution and Poverty. [book review]" Studies in Comparative International Development v34 Spring 1999
== INFOTRAC "Latin America Lags Behind" Newsweek International 7/5/04
== Broad, pp.188-235

Oct. 22 -- The Evolving Role of Multinational Corporations
== Balaam & Veseth, pp.346-366
== Broad, pp.243-255

WEEK TEN:

Oct. 25 -- The Politics of Corporate Conduct
== Broad, pp.258-295

Oct. 27 -- Oil Production and Natural Resource Issues
== Balaam & Veseth, pp. 369-384
== Broad, pp.117-127

Oct. 29 -- SIMULATION GROUP MEETINGS
== Broad, pp.129-167

Part IV: The Politics of Trade in the Americas
Points of Emphasis: theories of integration dynamics, NAFTA bargaining, the politics of the FTAA, the politics of food trade

WEEK ELEVEN:

Nov.  1 -- The Politics of Regional Integration
== Balaam & Veseth, pp.264-279
== "The New Wave of Regionalism" International Organization v53 Summer 1999

Nov.  3 -- NAFTA: An Overview
== Cameron & Tomlin, pp.1-50

Nov.  5 -- NAFTA Bargaining: The Early Stages
== Cameron & Tomlin, pp. 51-126
{ANALYSIS #2 DUE at 11:15am on 11/5}

WEEK TWELVE:

Nov.  8 -- NAFTA Bargaining: The Final Stages
== Cameron & Tomlin, pp. 126-207, 225-236

Nov. 10 -- The FTAA Negotiations
== Salazar-Xirinachs & Robert, pp.279-300

Nov. 12 -- Simulation Group Meetings

WEEK THIRTEEN:

Nov. 15 -- SIMULATION Day 1

Nov. 17 -- SIMULATION Day 2

Nov. 19 -- SIMULATION Day 3

WEEK FOURTEEN:

Nov. 22 -- SIMULATION Day 4

Nov. 24-26 -- THANKSGIVING BREAK:  no class...

WEEK FIFTEEN:

Nov. 29 -- Simulation Debriefing, "Global Backlash," & the Globalization Debate Revisited
== Broad, pp.301-308

Dec.  1 -- The IPE of Food
== Balaam & Veseth, pp.425-447

Dec.  3 -- Course Wrap-Up
{Policy Brief DUE at 11:15am on 12/3}

**FINAL EXAM: Friday 12/10/04 from 10:30am to 12:30pm**

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This page was last updated on: 05/20/05.
If you have comments or suggestions about this site, please send an e-mail to Chris Blake at blakech@jmu.edu.