Course 2004-2005 a.y.

5184 - THE ECONOMICS OF GLOBALIZATION


CLEA - CLAPI - CLEFIN - CLELI - CLEACC - DES - CLEMIT - DIEM - CLSG

Department of Economics

Course taught in English

Go to class groups 31
CLEA (6 credit points - I sem. - AI) - CLAPI (6 credit points - I sem. - AI) - CLEFIN (6 credit points - I sem. - AI) - CLELI (6 credit points - I sem. - AI) - CLEACC (6 credit points - I sem. - AI) - DES (6 credit points - I sem. - AI) - CLEMIT (6 credit points - I sem. - AI) - DIEM (6 credit points - I sem. - RR) - CLSG (6 credit points - I sem. - AI)
Course Director:
LAURA BOTTAZZI

Classes: 31
Instructors:
Class 31: LAURA BOTTAZZI


Course Objectives


The course examines globalization from a broad perspective, including trade, corporate mobility, and international finance. It provides a framework for analyzing the current globalization debate, with particular reference to the developing and developed countries. Throughout the different sessions it addresses three sets of questions:
What is globalization, and what is new and different about it?
What are the impacts of globalization on developing and developed countries? Is it an aid to their development efforts or an enemy of them?
What are the consequences of globalization: contagion or interdependence ?
In what specific ways are various developing countries altering, shaping, impeding, and/or adapting to globalization? What factors determine relative success or failure in the new global environment? 


Course Content Summary


  • Globalization and Factor Flows
  • Globalization: Capital and Commodity Markets
  • Globalization: Crises and Crashes
  • Contagion and Interdependence
  • Who Gains from Growth? Regions, Fat Cohorts, Kuznets Curves, Culture and Path Dependence
  • Who Gains from Trade? Globalization and Inequality

Textbooks


  • M. OBSTFELD, A. TAYLOR, Global Capital Markets: Integration, Crisis, and Growth, Cambridge, Cambridge University Press, 2004
  • Additional readings and material on several topics will be available at the beginning of the course.

For further and continuously updated information consult the IEP web site or contact SID - Servizio Informazione Didattica - Institute of Economics - via Gobbi, 5 - Room 313.


Detailed Description of Assessment Methods


Written examination.