Prof Kenneth Shadlen CON.6.07

This course is available on the CEMS Exchange, Global MSc in Management, Global MSc in Management (CEMS MIM), Global MSc in Management (MBA Exchange), MBA Exchange, MSc in Development Management, MSc in Development Studies, MSc in Global Politics, MSc in Health and International Development, MSc in International Development and Humanitarian Emergencies, MSc in International Political Economy, MSc in International Political Economy (LSE and Sciences Po), MSc in Media, Communication and Development and MSc in Political Economy of Late Development. This course is available with permission as an outside option to students on other programmes where regulations permit.

Please note all students are asked to submit a brief statement of 150 words (max) on why they want to take the course.

2/3 of the spaces are reserved for ID and joint degree students, distributed on a random basis.

1/3 go to non-ID/joint students, distributed on a random basis.

All students not admitted in the initial allocation of spaces go on the waitlist, and as space opens the course leader will select students, without regard to degree/dept, on the basis of the brief statements.

This course examines the politics of the international economy. We analyse the overarching rules and regulations that structure the international economy, and thereby provide context for development policy, and we assess the role of a range of actors (e.g. governments, firms, non-state actors) in shaping and reshaping the international economic order. We are particularly interested in understanding the ways that developing countries respond to and participate in international regimes and organisations, and how changes in global economic governance affect opportunities for economic development. The first week, which synthesises a variety of explanations of the role that international organisations play in global politics, establishes the theoretical spine for the course. We then examine governance in international sovereign debt and finance, public and private. We analyse the politics of debt relief for the poorest and most heavily-indebted countries, where most of the debt is owed to public creditors; and we analyse the politics of debt restructuring for middle-income countries where significant shares of the debt is owed to private/commercial creditors. The course then turns to the politics of international trade, investment, and intellectual property. This cluster of sessions is organised around a dialogue between multilateral and regional frameworks for integration into the global economy, with the World Trade Organisation (WTO) serving as our principal point of reference. We examine the emergence of the WTO, both in terms of the substance of the various agreements it administers and as an inter-governmental organisation with its own set of procedures for rule-making, policy monitoring and dispute-settlement. We analyse emerging arrangements for global governance in the areas of foreign investment and intellectual property, and we focus explicitly on North-South, bilateral and regional trade agreements, that exist as complements to the WTO. In concluding the course, taking a step back and synthesizing the term's material, we analyse contrasting trajectories of change in two development regimes, one regarding "industrial transformation" and mobility in the international division of labour, and another regarding "humanitarianism" and poverty reduction.

20 hours of lectures and 13 hours and 30 minutes of seminars in the LT. 2 hours of lectures in the ST.

This includes a 2 hour revision session in the ST.

There will be a reading week in Week 6.

A detailed reading list is presented at the beginning of term.

Exam (60%, duration: 2 hours) in the summer exam period.
Essay (15%, 1500 words) and essay (25%, 1500 words) in the LT.

2 essays (15% and 25%, each  1,500 words) in the LT. The larger weight goes to the essay receiving a higher mark, thus allowing the first to serve as “formative” for the second.

The essays are based on – and linked to – the questions discussed in the weekly seminars. Details posted on Moodle.