POLITICS OF INTERNATIONALECONOMIC RELATIONS

POLITICS OF INTERNATIONALECONOMIC RELATIONS

LECTURER: Dr O. P.ADELUSI

 

COURSE DESCRIPTION:

This course is designed to provide a generalized view of economic basis of State actions in International Politics;International Trade;Commercial Policies of States;Capital Movement;the IMF,World Bank,Multi-national Enterprises,Custom Union,Currency Areas.The issues raised are related to the general implications they have for Foreign Policy

COURSE OBJECTIVES:

At the end of this course, students are expected to

·        Have a good grasp of the economic basis of State actions in International Politics.

·        Understand the essentials of International Trade,Commercial Policies of States and others.

METHOD OF TEACHING/TEACHING AIDS:

The method of Teaching is mostly participatory. The teacher outlines the major points of discourse on the topic. He talks to these points so outlined.   Students are encouraged to participate by raising questions.

The Teaching Aid employed is the Overhead Projector .Power point presentation is the modality of teaching.

COURSE OUTLINE:

MODULE 1.-AN OVERVIEW

Week 1.  -   Concepts Clarification

                           Theory of International Trade/International Economic Relations

      Week 2    - Conceptual Isssues in Economic Integration Theory- Regionalism

MODULE II- THE EURO-AMERICAN SYSTEM

Week 3.–International Monetary System

Week 4.   -From the Bretton Woods System to Interdependence

   MODULE III- THE NORTH – SOUTH SYSTEM

Weeks 5   - Politics of Direct Foreign Investments.

        Week 6– The Link between Aid and Foreign Policy.

MODULE IV-TRADE AND DEVELOPMENT STRATEGIES

Week 7   - Globalization – Joining the Trade Regime

                      (a ) The Uruguay Round.

                          (b) The rise of BRICS

                          (c)  The Doha Round.

                    (d) North – South Trade in the 21sth Century.

                        (e) Interdependence

Week 8-Oil and Politics

                  ( a) Corporate Oligopoly

                       ( b)  Seven Sisters

                       (c)  The OPEC System

                       (d) Stable OPEC Management

                       (e)  The Second Oil Crisis: A System out of Control?

     Week 9 – The Role of Non-State Actors – Multinational Corporations.

MODULE V-IMPLICATIONS OF THE END OF COLD WAR

Week 10 – East-West Economic Relations: From Isolation to Integration.

    Week 11 -  China – Regional Power or Global Economic Superpower?

WEEKS 12 & 13 -REVISION

METHOD OF GRADING:

C/A Test:                              10%

Mid-Semester Exam              20%

End of Semester Exam           70%

GRAND RULES & REGULATIONS

·        Attendance to lectures and tutorials are compulsory for registered students- 80%

·        Students must be seated 10 minutes before the commencement of every lecture.

·        Listening to Teacher as He talks to Bullet Points on the Screen.

·        The class copies Bullet Points on the screen.

·        Students are encouraged to ask questions.

TOPIC FOR TERM PAPER/ASSIGNMENT:

The Relationship between Economic and International Relations

ALIGNMENT WITH JOSEPH AYO BABALOLA UNIVERSITY VISION/GOALS

The course aligns with core values of Capacity Building.

CONTEMPORARY ISSUES RELEVANCE

Politics of Direct Foreign Investments.

 RECOMMENDED READINGS

1.      Spero, Joan E, and Jeffrey A.Hart,(2010), Politics of International Economic Relations, Belmont,CA: Wadsworth Publishing.

2.      Adelusi Olufemi.P,(2007), Development Policies and Analysis:A Reader. Standard Mass Concept Company.Akure and Lagos.

3.      Barma, Naazneen and Steven Vogel, (2008), The Political Economy Reader:Markets as Institutions.(New York:Routledge)

4.      Chen,Ming-Jer,(2001),Inside Chinese Business:A Guide for Managers Worldwide (Boston,MA:Harvard Business School Press)

5.      Drucker,Peter,et.al.,(2001),Harvard Business Review on Decision Making (Boston,MA:Harvard Business School Press.

6.      Harvard Business School,Editor,(2005). Strategy:Create and Implement the Best Strategy for your Business. (Boston,MA:Harvard Business School Press),

7.      Bhagwati,Jagdish,(1988), Protectionism.Cambridge,MA:MIT Press.

8.      Coughlin,Cletus,K.Alec Chrystal and Geoffrey Wood,(2000),”Protectionist Trade Policies: A Survey of Theory,Evidence and Rationale,” Federal Reserve Bank of St Louis.

9.      Friedman, Thomas L., The World is Flat: A Brief History of the Twenty-first Century (New York: FS&G, 2005).

10.   Foreign Affairs Editors’ Choice, The Rise of China (New York: WW Norton, 2002).

11.   Lawrence, Robert Z., Crimes & Punishments?: Retaliation Under the WTO (Washington, DC: Institute for International Economics, 2003).

12.   KLJLevitt, Steven and Stephen Dubner, Freakonomics: A Rogue Economist Explores the hidden Side of Everything (New York: HarperCollins, 2005).

13.   Rodrik, Dani, Has Globalization Gone Too Far? (Washington, DC: Institute for International Economics, 1997).

14.   Stiglitz, Joseph. Globalization and Its Discontents. (New York: Norton Press, 2002).

15.   Schott, Jeffrey J., Free Trade Agreements: US Strategies and Priorities (Washington, DC: Institute for International Economics, 2004).

16.   Gilpin, Robert. The Challenge of Global Capitalism: The World Economy in the 21st Century (Princeton, NJ: Princeton University Press, 2000).

17.   Held, David, et. al. Global Transformations: Politics, Economics, and Culture (Stanford: Stanford University Press, 1999).

18.   Landes, David, The Wealth and Poverty of Nations: Why Some are so Rich and Some so Poor (New York: Norton, 1999).

19.   Gordon, Philip and Sophie Meunier, The French Challenge: Adapting to Globalization (Washington, DC: The Brookings Institution, 2001