Government E-1780
Fall 2015
Jeff Frieden
International Political Economy
All readings on this list are required. Almost all are contained in the following books,
which are available for purchase at the Coop:
Jeffry Frieden, David Lake, and Lawrence Broz, Editors, International Political
Economy: Perspectives on Global Power and Wealth, Fifth Edition (New York: W. W.
Norton, 2010).
Thomas Oatley, International Political Economy: Interests and Institutions in the
Global Economy, Fifth Edition (New York: Pearson Longman, 2012).
The required texts are also on reserve at Lamont Library. Readings not in the two books
will be available on the course website or online. The following books may be useful,
and are available at the Coop:
Graham Bannock, R.E. Baxter, and Evan Davis, The Penguin Dictionary of Economics,
Eighth edition (New York: Penguin, 2011).
Randy Charles Epping, A Beginner’s Guide to the World Economy, Third Edition
(New York: Vintage, 2001).
Please note: Given the nature of the course and of the examinations, you are strongly
urged to do all reading in advance, as assigned on the reading list. Failure to do so will
impede your ability to profit from the lectures, and to perform well in section
participation and on the examinations. Notice that the quantity of readings varies from
topic to topic. You are strongly urged to read ahead when the reading load is lighter.
Requirements for the course are as follows:
Two take-home essays. These are papers of 2500-3000 words (seven to ten
pages) each, in which you are asked to discuss issues raised by lectures and
readings. They are due at the start of class five days after paper topics are
assigned. The first topic is handed out October 7, and the paper is due October
14. The second topic is handed out November 9, and the paper is due November
16. For both assignments you are asked to answer one of two questions. Each
essay counts for 30 percent of your final grade.
An in-class midterm examination, on November 2. This asks you to identify and
discuss the significance of important events, processes, and concepts contained in
the course. The midterm exam counts as 15 percent of the final grade.
A three-hour final examination, date to be determined by the Registrar. This
has two parts, each of which counts for one-half of the final exam grade. The
first part is made up of identification and discussion questions as on the
midterm. The second part consists of an essay question, similar to the take-
home examination questions. You are asked to answer one of two questions.
The final examination counts for 25 percent of your final course grade.
Participation. There is an on-line discussion forum for DCE students in this class.
Active participation in the forum will count positively toward your grade.
Important information for students taking this course through the Division of
Continuing Education – Distance Learning. There will be on-site sections for students
in the Boston area. An on-line discussion forum with teaching assistants will be
arranged. Proctoring of exams, and all other logistics, will be as mandated by normal
DCE procedures. If you have technical or logistical questions – about the videos, exam
timing, proctoring, or the like – please address these to DCE personnel and not to
teaching staff, who are not involved in logistical aspects of the course.
Students taking the course for DCE graduate credit are also expected to write a 10-12
page review and evaluation of a book on a topic in International Political Economy in
addition to all requirements above. The paper is due on Wednesday, December 10. Grade
proportions for these students are as follows: 20 percent each for the essays and the
final; 10 percent for the midterm, 30 percent for the paper. Details of the paper will be
discussed once class begins; all books must be approved by your teaching assistant.
Professor Frieden’s coordinates:
1737 Cambridge Street, Room K211
Telephone: 496-2386
Email:
[email protected]Office Hours: Tuesdays 10-11:30 and 2-3:30. Sign up for office hours at
http://tinyurl.com/3frmmb
Please note the policy on collaboration on the course website.
Course Outline and Reading Assignments
September 2 Introduction: Markets and Politics
Oatley, chapter 1
Frieden Lake Broz, pp. 1-19:
Frieden Lake Broz, “Introduction: International Politics and
International Economics,” pp. 1-19
September 9 and 14 The Rise of the Modern World Economy, 1500-1914
Frieden Lake Broz, pp. 83-118 and 223-272:
Frieden Lake Broz, “Historical Perspectives,” pp. 83-86.
Cheryl Schonhardt-Bailey, “Free Trade: The Repeal of the Corn Laws,” pp.
87-97
Peter Gourevitch, "International Trade, Domestic Coalitions, and
Liberty: Comparative Responses to the Crisis of 1873-1896,"
pp. 98-118
Lawrence Broz, “The Domestic Politics of International Monetary
Order: The Gold Standard,” pp. 223-245
Barry Eichengreen, "Hegemonic Stability Theories of the
International Monetary System," pp. 246-272
September 16, 21 and 23 Perspectives on the International Political Economy
Frieden Lake Broz, pp. 21-81:
Frieden Lake Broz, “Contending Perspectives,” p. 21
Stephen Krasner, "State Power and the Structure of International
Trade," pp. 23-41
Barry Eichengreen, "The Political Economy of the Smoot-Hawley
Tariff," pp. 42-52
Stanley Engerman and Kenneth Sokoloff, “History Lessons: Institutions,
Factor Endowments, and Paths of Development in the New
World,” pp. 53-62
Jeffrey Frankel, “Globalization of the Economy,” pp. 63-81
September 28 and 30 Origins and Overview of the Contemporary
International Economic Order
Frieden and Lake, pp. 139-152:
David A. Lake, "British and American Hegemony Compared:
Lessons for the Current Era of Decline," pp. 139-152
Jeffry Frieden, "The modern capitalist world economy: A historical overview,"
Oxford Handbook of Capitalism Ed. Dennis Mueller (New York: Oxford
University Press, 2012)
Jeffry Frieden and Ronald Rogowski, “Modern Capitalism: Enthusiasts,
Opponents, and Reformers,” The Cambridge History of Capitalism Ed Jeffrey
Williamson (Cambridge: Cambridge University Press, 2014)
Jeffry Frieden, "America in the World Economy: From the American Century to
Globalization," The Short American Century Ed. Andrew Bacevich
(Cambridge: Harvard University Press, 2012)
October 5, 7, and 14 International Trade and its Effects
Oatley, chapters 2, 3, 4 and 5
Frieden and Lake, pp. 337-442, and 23-52 (review):
Frieden and Lake, “Trade,” pp. 337-340
Cletus C. Coughlin, "The Controversy over Free Trade: The gap
between Economists and the General Public," pp. 341-364
Ron Rogowski, "Commerce and Coalitions: How Trade Affects
Domestic Political Alignments," pp. 365-375
James E. Alt and Michael Gilligan, "The Political Economy of Trading
States: Factor Specificity, Collective Action Problems, and Domestic
Political Institutions," pp. 376-392
Richard B. Freeman, "Are Your Wages Set in Beijing?" pp. 393-403
Alan Deardorff and Robert Stern, “What You Should Know About
Globalization and the WTO,” pp. 404-421
Michael Bailey, Judith Goldstein, and Barry Weingast, “The Institutional
Roots of American Trade Policy,” pp. 422-442
Re-read pp. 23-52
October 12 Columbus Day – No class
FIRST PAPER TOPICS DISTRIBUTED AT END OF CLASS OCTOBER 7,
DUE AT START OF CLASS OCTOBER 14
October 19 and 21 International Trade and the Developing Countries
Oatley, chapters 6 and 7
October 26 and 28 International Financial and Monetary Relations
Oatley, chapters 10, 11, 12, and 13
Frieden and Lake, pp. pp. 217-221, 273-285, 297-313, and 223-272 (review):
Frieden and Lake, “Money and Finance,” pp. 217-221
Benjamin J. Cohen, "The Triad and the Unholy Trinity: Problems of
International Monetary Cooperation," pp. 273-285
Matthew Gabel, “Divided Opinion, Common Currency: The
Political Economy of Public Support for EMU,” pp. 297-313
Re-read pp. 223-272
Jeffry Frieden, “Introduction,” Currency Politics: The Political Economy of
Exchange Rate Policy (Princeton: Princeton University Press, 2015),
pages 1-18
November 2 Midterm examination
November 4 and 9 International Finance and Development
Oatley, chapters 14 and 15
Frieden and Lake, pp. 314-336:
Schmukler, Sergio L. 2004. “Financial Globalization: Gain and Pain for
Developing Countries,” pp. 314-336
SECOND PAPER TOPICS DISTRIBUTED AT END OF CLASS NOVEMBER 9,
DUE AT START OF CLASS NOVEMBER 16
November 11 and 16 Multinational Corporations and the
Internationalization of Production
Oatley, chapters 8 and 9
Frieden and Lake, pp. 153-215:
Frieden and Lake, “Production,” pp. 153-156
Richard Caves, "The Multinational Enterprise as an Economic
Organization," pp. 157-168
Shah Tarzi, "Third World Governments and Multinational
Corporations: Dynamics of Host Bargaining Power," pp.
169-179
Zachary Elkins, Andrew Guzman, and Beth Simmons “Competing for
Capital: The Diffusion of Bilateral Investment Treaties, 1959-2000,”
pp. 180-199
Dan Drezner, “Globalization and Policy Convergence,” pp. 200-215
November 18 and 23 Problems of Development
Frieden and Lake, pp. 443-473 and 486-504:
Frieden and Lake, “Economies in Development,” pp. 443-446
David Dollar, "Globalization, Poverty, and Inequality since 1980," pp. 447-
467
Daron Acemoglu, “Root Causes: A Historical Approach to Assessing the
Role of Institutions in Economic Development,” pp. 468-473
Razeen Sally, "The Political Economy of Trade Policy Reform: Lessons
from Developing Countries," pp. 486-504
November 30 and December 2 Globalization and Current Problems in the
International Political Economy
Oatley, chapter 16
Frieden and Lake, pp. 474-485, 505-581:
Jeffry A. Williamson, “Globalization and Inequality, Past and Present,”
pp. 474-485
Frieden and Lake, “Current Problems in International Political Economy,”
505-506
Jeffrey Frankel, "The Environment and Globalization," 507-535
Kenneth Scheve and Matthew Slaughter, “A New Deal for Globalization,”
pp. 536-545
Dani Rodrik, “How to Save Globalization From its Cheerleaders,” pp. 546-
566
Simon Johnson, "The Quiet Coup," pp. 567-581
“The Euro Crisis,” special issue of The Political Economist Fall 2015
