Asha Herten-Crabb

This course is available on the MSc in European and International Public Policy, MSc in European and International Public Policy (LSE and Bocconi), MSc in European and International Public Policy (LSE and Sciences Po), MSc in Political Economy of Europe, MSc in Political Economy of Europe (LSE and Fudan) and MSc in Political Economy of Europe (LSE and Sciences Po). This course is not available as an outside option.

This course has a limited number of places (it is controlled access) and demand is typically very high. Priority is given to students from the European Institute, so students from outside this programme may not get a place.

After decades of globalisation and trade liberalisation, the world economy faces significant protectionist challenges. The Ukraine War, COVID pandemic, the spread of populism and the US-China trade war all put considerable pressure on global value chains, the international trade regime and global governance. The purpose of this course is to provide students with the necessary knowledge to understand and analyse the EU’s role in the global economy and evolving international trade regime. It familiarises students with the workings of EU trade and foreign economic policy and the World Trade Organisation. It further introduces students to different substantive trade domains including goods and services trade, trade defence instruments and sanctions, the diffusion of free trade agreements, investment regulation and investor-state dispute settlement as well as sources of regulatory power in world markets known as the 'Brussels effect'. It also dwells on the implications of the rise of new economic powers such as China and India for EU trade and foreign economic policy and the World Trade Organisation.

This course is delivered through a combination of lectures and seminars totalling a minimum of 25 hours across Winter Term. This course includes a reading week in Week 6 of Winter Term, and a review session will be held at the start of the Spring Term to prepare for the online assessment.

Students will be expected to produce 1 presentation and 1 essay in the WT.

• Gstöhl, Sieglinde, and Dirk De Bièvre, The Trade Policy of the European Union. Macmillan, Basingstoke, 2018.
• Hoekman, Bernard, and Michael Kostecki. The Political Economy of the World Trading System. 3rd ed. Oxford: Oxford University Press, 2009.
• Martin, Lisa, ed. The Oxford Handbook of the Political Economy of International Trade. Oxford University Press, 2015.
• Woolcock, Stephen. European Union Economic Diplomacy: The Role of the EU in External Economic Relations. Global Finance Series. Burlington: Ashgate, 2011.
• Grady, Jo, and Chris Grocott, eds. The Continuing Imperialism of Free Trade: Developments, Trends and the Role of Supranational Agents. Routledge Frontiers of Political Economy. London and New York: Routledge, 2019.

Online assessment (100%) in the ST.

The online assessment for this course will be administered via Moodle.  Questions will be made available at a set date/time and students will be given a set period in the ST to complete the answers to questions and upload their responses back into Moodle.