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Lehrende: Prof. Dr. Heribert Dieter
Veranstaltungsart:
Seminar / Übung
Orga-Einheit: Politics, Administration & International Relations
Anzeige im Stundenplan:
IPE
Semesterwochenstunden:
3
Credits:
6,0
Standort:
Campus der Zeppelin Universität
Unterrichtssprache:
Deutsch
Min. | Max. Teilnehmerzahl:
5 | 35
Prioritätsschema: Standard-Priorisierung
Inhalte:
For two decades, global economic co-operation was high on the agenda of both policy makers and academics. However, in recent years we have had to observe the decline of global institutions. TTIP and TPP, the so-called mega-regionals, are potentially weakening the World Trade Organization. The non-discriminatory trade regime is replaced by a new, complex web of preferential trade agreements. Trade is re-politicized, and policy-makers are probably underestimating the destructive effects of their activities.
In finance, the situation is similar. Despite the resurrection of the International Monetary Fund since 2008, the future role of the IMF may be more limited than its supporters suggest. For example, the Fund continues to be unable to make a meaningful contribution to the resolution of today’s key issues, e.g. the debate on China’s exchange rate.
The G-20, hailed as the new key forum for Global Governance, fails to deliver and may have turned into a talk shop in a short period of time. But why is this so? What are the political obstacles that inhibit successful co-operation?
In Germany, both policy makers and the public appear to be hit by occasional bouts of scepticism regarding the role of the country in the global economy. But what are the benefits and limitations for Germany?
Outline:
In the seminar, we will both look at the historical evolution of the international economic order as well as at contemporary issues. The approach applied is international political economy, the key question being: Who benefits? In a more elaborate way: Who gets what, when, and why?
There are four main topics that will be discussed: Finance, trade, governance and Germany’s position in the global economy of the 21st century.
1) On finance:
Over the last 150 years, the shape of the international financial order has changed significantly. Whilst capital flows were not restricted before 1914, they were regulated from then until 1973. What has been the rationale for regulation as well as for non-regulation? What is the mandate of the International Monetary Fund (IMF)? How do the perceptions of financial globalisation differ between developing countries and the OECD-economies? How do the two recent crises affect the future of global financial governance?
2) On trade:
International in goods and (increasingly) in services has been a major force in international economic relations. The World Trade Organisation WTO governs these processes. Simultaneously, the WTO is criticised for being a burden for the poor and the rich: Some argue the WTO is facilitating the exploitation of developing countries, others argue the WTO permits the undermining of social standards in the North. Furthermore, the WTO appears to be increasingly undermined by competing regimes, in particular by preferential trade agreements. Why are these highly bureaucratic and administratively complex trade agreements so popular?
3) On governance:
The G-20, created as a finance ministers meeting after the Asian crisis and elevated to leaders’ level with the first G-20 summit in November 2008, has undoubtedly the potential to become the key institutions for Global Economic Governance. Yet, the G-20 is approaching its third years of existence with little glory. What are the reasons for the apparent weakness of the G-20? Is the G-20 the appropriate answer to the rise of the BRICs? Are the transatlantic powers prepared for the changing power distribution? What are the prospects for the emergence of a new international economic order?
4) Germany in the global economy of the 21st century
Whilst being a successful exporter, Germany continues to be sceptical about globalisation. Both citizens and policy makers are asking themselves whether the future will bring greater risks or greater rewards from the further division of labour and increasing capital flows.
Lernziele:
Students will analyse the history of international economic relations as well as very recent debates on issues related to trade, finance and governance. They will understand the inherent weaknesses of cooperation processes and will be able to apply these skills in the evaluation of current and future issue of Global Economic Governance. Students will analyse the legitimacy of the main institutions of economic governance (IMF, WTO) and will discuss potential avenues for the improvement of the perception of the institutions.
Weitere Informationen zu den Prüfungsleistungen:
Expectations and requirements:
· The course will be taught in English. Thus, fluency in English is essential.
· Each participant will have to make a presentation in the seminar (30 minutes) and participate actively in the debate.
· The second component is an essay of 3.500 words (in English or German).
· Composition of assessment: Presentation and essay 50% each.
The essential reading will be made available on the intranet.
Literatur:
- Bremmer, Ian (2012): Every Nation for itself. Winners and Losers in a G-Zero World. London: Penguin.
- Cooper, Andrew. F. (2010): The G20 as an Improvised Crisis Committee and/or Contested ‘Steering Committee’for the World. International Affairs 86 (3), S. 741–757
- Dieter, Heribert (2016): Deutschland in der Weltwirtschaft. Ein Modell mit Zukunft? Bonn: Bundeszentrale für Politische Bildung.
- Eichengreen, Barry (2008): Globalizing Capital. A History of the International Financial System. Princeton and Oxford: Princeton University Press 2008.
- Guerrieri, Paolo (2010): Multipolar Governance and Global Imbalance. International Affairs, 86 (3), S. 681–692.
- Helleiner, Eric (2005): The evolution of the international monetary and financial system, in: Ravenhill, John (ed.): Global Political Economy. Oxford: Oxford University Press 2005, pp. 151-175.
- Ito, Takatoshi (2007): Asian Currency Crisis and the International Monetary Fund, 10 Years Later, in: Asian Economic Policy Review (2007), pp. 16-49.
- Levinson, Marc (2010): Faulty Basel. Foreign Affairs, 89 (3), S. 76–88.
- Narlikar, Amrita (2005): The World Trade Organisation. A Very Short Introduction. Oxford: Oxford University Press.
- Rodrik, Dani (2011): The Globalization Paradox. Democracy and the future of the World Economy. London und New York: W.W. Norton.
- Winham, Gilbert R. (2005): The evolution of the global trade regime, in: Ravenhill, John (ed.): Global Political Economy. Oxford: Oxford University Press 2005, pp. 87-115.
Additional reading:
- Bremmer, Ian; Roubini, Nouriel (2011): A G.-Zero Wold. The New Economic Club Will Produce Conflict, Not Cooperation. Foreign Affairs,
- available at http://www.foreignaffairs.com/articles/67339/ian-bremmer-and-nouriel-roubini/a-g-zero-world.
- Dieter, Heribert (2013): Fortress Atlantic. TTIP would weaken international trade, and the WTO, IP, Global edition, available at https://ip-journal.dgap.org/en/ip-journal/topics/fortress-atlantic.
- Eichengreen, Barry (2009): Out of The Box Thoughts about the International Financial Architecture. IMF Working Paper WP/09/116. Washington, DC: IMF
- Helleiner, Eric (2010): A Bretton Woods Moment? The 2007-08 Crises and the Future of Global Finance. International Affairs, 86 (3), S. 619–636.
- Klär, Erik; Lindner, Fabian; Šehovic, Kenan (2013): Investition in die Zukunft? Zur Entwicklung des deutschen Auslandsvermögens. Wirtschaftsdienst, 93. Jg., Nr. 3, pp. 189-197.
- Reinhardt, Carmen; Rogoff, Kenneth (2009): This Time is Different: Eight Centuries of Financial Folly, Princeton: Princeton University Press.
- Shiller, Robert (2000): Irrational Exuberance, Princeton: Princeton University Press 2000
- Strange, Susan (1988): States and Markets. An Introduction to International Political Economy, London: Pinter Publishers 1988
- Warwick Commission (2007): The Multilateral Trading System: Which Way Forward? Available at http://www2.warwick.ac.uk/research/warwickcommission/worldtrade/report/uw_warcomm_tradereport_07.pdf
- Warwick Commission (2009): International Financial Reform: In Praise of an Unlevel Playing Field. Available at http://www2.warwick.ac.uk/research/warwickcommission/report/ uw_warcomm_intfinreform_09.pdf.
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