International Economics
Spring Semester 2011-2012
Martin Hart-Landsberg
Office: Howard Hall, 325
Phone: 503-768-7624
Email: marty@lclark.edu
Required Books:
Developing Countries and World Trade, Yilmaz Akyuz (ed.)
Bad Samaritans, The Myth of Free Trade and the Secret History of Capitalism,
Ha-Joon Chang
Readings (* means extra on webdisk; [R] means on reserve):
I. Introduction -- January 17
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1. Aaron Bernstein, “Shaking Up Trade Theory,” Business Week, December 6, 2004. 2. Pete Engardio and Dexter Roberts with Brian Bremner in Beijing and bureau reports, “The China Price,” Business Week, December 6, 2004. 3. Randall W. Forsyth, “The Beginning of the End of Dollar Hegemony,” Barron's, December 17, 2010. |
II. Bretton Woods: Construction, Collapse, Reconstruction (?) -- January 19-February 2
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1. Fred Block, “Bretton Woods and the British Loan,” in The Origins of International Economic Disorder. [R] 2. Susan George,
"The World Trade Organisation We Could Have Had," Le Monde Diplomatique, January 2007. 4. Fred Block, “Managing the U.S. Deficit,” in The Origins of International Economic Disorder. [R] 5. UNCTAD, Chapter IV (“Payments Deficits, Liberalization and Growth in Developing Countries”) and Chapter V (“Capital Flows to Developing Countries”) in the Trade and Development Report 1999. 6. UNCTAD, Chapter IV ("Economic Growth and Capital Accumulation") in the Trade and Development Report 2003. 7. Barry Eichengreen, Chapter 5 (“After Bretton Woods”) in
Globalizing Capital, Princeton University Press. [R] 9. *Robert Wade, “The
Great Slump: What Comes Next?” Economic and Political Weekly,
November 2010. |
III. Contemporary Challenges: The U.S. and The World Economy -- February 7-21
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1. Business Week, "Can Anyone Steer This Economy," November 20, 2006. 2. Robert Blecker, "The Trade Deficit and U.S. Competitiveness," in U.S. Trade Policy and Global Growth. [R] 3. Wynne Godley, The U.S. Economy: A Changing Strategic Predicament Levy Economics Institute, March 2003. 4. Dimitiri B. Papadimitriou, Greg Hannsgen, and Gennaro Zezza, Jobless
Recovery Is No Recovery For the US Economy, Levy Economics Institute,
March 2011. 6. Martin Hart-Landsberg, “The U.S. Economy and China: Capitalism, Class and Crisis,” Monthly Review, February 2010. 7. Michael Spence and Sandile Hlatshwayo, “The Evolving Structure of the American Economy and the Employment Challenge,” Council on Foreign Relations, March 2011. 8. *Alan S. Blinder, "Offshoring: The Next Industrial Revolution?," Foreign Affairs, March-April 2006. 9. David Wessel and Bob Davis, "Pain From Free Trade Spurs Second Thoughts, Mr. Blinder's Shift Spotlights Warnings Of Deeper Downside," Wall Street Journal, March 28, 2007. [R] 10. Robert Pollin, "Global
Outsourcing and the US Working Class," New Labor Forum,
Winter 2007. 12. David Gordon, “Do We Need to be No. 1?” Atlantic Monthly, April 1986. [R] 13. Michael Pettis, “Is It Time For The U.S. to Disengage the World From The Dollar?” Naked Capitalism, May 2, 2011. |
IV. Europe At The Crossroads -- February 23-March 6
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1. C. Lapavitsas, A. Kaltenbrunner, D. Lindo, J. Michell, J.P. Painceira, E. Pires, J. Powell, A. Stenfors, N. Teles, Eurozone Crisis: Beggar Thyself and Thy Neighbor, Occasional Report, Research on Money and Finance, March 2010. 2. Gustav A. Horn, Torsten Niechoj, Silke Tober, Till van Treeck, Achim
Truger, Reforming
the European Stability and Growth Pact: Public Debt is Not the Only Factor,
Private Debt Counts as Well, IMK Report, July 2010. |
V. Theory and Reality of Free Trade -- March 8-20
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1.Stephen Hymer, "Robinson Crusoe and the Secret of Primative Accumulation," Monthly Review, Vol 63, No 4, (September 2011). 2. Martin Hart-Landsberg, "Neoliberalism: Myths and Reality,” Monthly Review, Vol 57, No 11 (April 2006). 3. Anwar Shaikh, “The Economic Mythology of Neoliberalism,” in Alfredo Saad-Filho (ed), Neoliberalism: A Critical Reader, 2004. 4. *Peter Dorman, The Free Trade Magic Act, Economic Policy Institute, Briefing Paper, 2001. 5. Mark Weisbrot and Dean Baker, The Relative Impact of Trade Liberalization on Developing Countries, Center for Economic Policy and Research, June 2002. 6. *Mark Weisbrot, David Rosnick, and Dean Baker, Poor Numbers: T he Impact of Trade Liberalization on World Poverty, Center for Economic Policy and Research, November 2004. 7. Kevin P. Gallagher and Timothy A. Wise, "Back to the Drawing Board: No Basis for Concluding the Doha Round of Negotiations," RIS Policy Briefs, April 2008. 8. *Eyes on Trade, Benefits
from WTO Doha Round are a MIRAGE, November 11, 2011. 10. Dean Baker, "Trade and Inequality: The Role of Economists," Center for Economic Policy and Research, January 2008. 11. Ha-Joon Chang , Bad Samarians. |
VI. Dynamics of Globalization -- March 22-April 17
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1. Yilmaz Akyuz (ed.), Developing Countries and World Trade. 2. *UNCTAD, Chapter IV (“Towards a New Form of Global Integration”) in Trade and Development Report 2005. 3. Yilmaz Akyüz, “Export
Dependence and Sustainability of Growth in China and the East Asian Production
Network,” Research Paper 27, South Center, April 2010. 7. Jerry Epstein, “Employment-oriented Macro Policy and the Challenge of Outsourcing,” Conference paper prepared for The New Global Division of Labor: Winners and Losers from Offshore Outsourcing, March 3-4, 2006. 8. Léonce Ndikumana and James K. Boyce, “New
Estimates of Capital Flight from Sub-Saharan African Countries: Linkages
with External Borrowing and Policy Options," Political Economy
Research Institute, University of Massachusetts, April 2008. |
VII. Structures and Struggles -- April 19-26
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1. Richard Peat, Unholy Trinity, The IMF, World Bank and WTO, Chapter 5 (“The World Trade Organization”). [R] 2. Council of Canadians and Polaris Institute, Making the Links: A Peoples' Guide to the WTO and the FTAA. 3. Sarah Anderson and Sara Grusky, Challenging Corporate Investor Rule How the World Bank’s Investment Court, Free Trade Agreements, and Bilateral Investment Treaties have Unleashed a New Era of Corporate Power and What to Do About It, Institute for Policy Studies, April 2007. 4. *Martin Hart-Landsberg, “Capitalism,
The Korea-U.S. Free Trade Agreement, and Resistance,” Critical
Asian Studies, Vol 43, No 3 (2011). |
SELECTED WEB SITES:
Data Sources
USA.gov
World Bank
PACIFIC Exchange Rate Service
International Statistical
Agencies
WTO Trade Statistics
Global Developments
Focus on the Global South
Public Citizen Global Trade Watch
Third World Network
Labor
LabourStart
International Labor Rights Fund
Corporations
Corporate Watch
Research
International
Development Economics Associates
The South Center
Investment Treaty News
Center for Economic Policy and Research
Dani Rodrik’s
Home Page
Political Economy
Research Institute
Blogs
Rethinking Finance
Triple Crisis
Eyes on Trade
International Economic Law and Policy
Blog
GRADING: Academic Integrity: According to the Lewis & Clark College 's Academic Integrity Policy:
Please be aware, the penalties for violating this policy are severe.
Ignorance is no excuse. Your final grade in international economics will be based on the following three factors: 1. Your attendance and participation (15%). Attendance is required; missed classes will lower your grade. Required readings must be completed before the class session for which they are assigned. You are expected to contribute to class discussion. 2. The quality of your notebook writings (20%). You will be required to do a series of short writing assignments (normally from one to five pages each) that must be kept in a separate notebook. Some writings may take place in class. Some may be shared with other students. Late assignments will be penalized with a reduced grade. While individual assignments may be checked and graded at the time they are turned in, your complete notebook of assignments will be turned in the last day of class and will receive an overall grade. 3. The quality of your in-class midterm (35%) and take-home final (30%). |