PPR416: States, Markets and Globalization

Objectives

This course sets out the key elements to understanding the global political economy and is intended to help students develop a nuanced and sophisticated account of globalisation, its impact on states, and the current global crisis. By examining globalisation as a political economic process, prompted by the actions and policies of states, and other actors (including multinational corporations and the institutions of global governance) this course establishes how legal structures underpin national and international markets. The central contention of the course is that we cannot understand markets (national or global) without also understanding their politico-legal governance structure. Recognising that states certainly do not remain as they once were, and that states are highly differentiated in their capacity to affect change in response to global political economic dynamics, we examine the current crisis as an indicator of the need for, and efficacy of state activism.

The first weeks of the course introduce the notion of globalisation and offer some intellectual tools for analytical deployment. Sessions then move to deal with key actors and structures of the global political economy, before a consideration of the contemporary global economic crisis.

Select Bibliography

Blyth,M (ed.):Routledge handbook of international political economy (IPE) : IPE as a global conversation 2009

Paul Hirst, Grahame Thompson and Simon Bromley: Globalization in Question (Third Edition) 2009

Karl Polanyi: The Great Transformation 1957

Erik Reinert: How Rich Countries Got Rich… and Why Poor Countries Stay Poor 2007

Martin Wolf: Why Globalization Works 2004

Leo Panitch: In and Out of Crisis: The Global Financial Meltdown and Left Alternatives 2010

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