International Political Economy
This course explores the political and economic developments in the three pillars of modern globalization: international trade, foreign direct investment, cross-border capital flows. Particular emphasis is given to the causes of the global economic crisis of 2008, but also to the successive phases it has gone through (financial crisis, Great Recession, fiscal crisis, currency wars, and trade wars). The existing alternative theories of economic crisis are also analyzed. At the same time, the economic policies implemented internationally (with the corresponding results) are also analyzed and assessed, along with the competing economic policies alternatively proposed. Finally, particular emphasis is placed on the geopolitical consequences of the global economic crisis (especially the US-China direct confrontation).
At the end of the semester, after systematically attending the course, graduate students will be able to describe, analyze, understand, explain and evaluate:
1. The post-war dynamics of contemporary globalization.
2. The causes and successive phases of the global economic crisis of 2008.
3. The economic policies pursued worldwide for its treatment.
4. The alternative economic policies that have been proposed.
5. The impact of global economic crisis on the dynamics of contemporary globalization.
6. The impact of the ongoing trade war on the US-China relations, but also on the wider geopolitical disruptions that are taking place all over the world.