Carleton College                                                                   

Department of Political Science                                           

POSC 360:Political Economy Seminar: Globalization And its Critics

Spring 2003

Prof. Bryan Daves

Willis 406 Office Hours T,TH 1:30-3:00; W 11:00-12:00




Many observers of the contemporary international economy argue that economic exchange between countries is more integrated than ever before, that an era of globalization has arrived. This course examines the extent to which this claim is true, the degree to which the current period is historically anomalous, and the implications globalization has for economic development. Students will examine the political dimensions of these issues on both the international and domestic levels.

The course is divided into the following parts: 1) Introduction to the globalization debate and its ideational foundations 2) Historical precedent 3) Contemporary issues 4) Debates over Global Governance


Teaching method


            This course is taught as a seminar. There will be limited lecturing by me, with most of the class time devoted to discussion and debate of assigned readings. I expect all students to be prepared to discuss readings assigned. Students will also participate in a simulation exercise.


Course Requirements


1.      Participation (15%)


A.     Each student will be assigned to lead a class discussion.  They will, in advance of the class meeting, distribute to all students and me an agenda to be addressed in discussion.  These questions are to be distributed via email no later than 1 PM the day before the class meeting.

B.     Students are also expected to participate in each class discussion. Attendance is mandatory.


2.      Simulation exercise (35%)


To synthesize the readings in class and to emphasize the complexities of globalization, each student will participate in one of two debates on the implications of, and what is to be done about globalization.  I will distribute additional material to explain the format and how students should prepare.


3.      Research Paper (50%) Each student will prepare a research paper on a topic of their choosing and in consultation with me. There are three parts to this requirement 1) A brief outline with a detailed bibliography will be due on April 22nd 2) At the end of the seminar, each student will present orally their research, and 3) the paper, which is to be 15-20 pages in length, will be due June 3rd in class.






The following books have been ordered and are available at the bookstore:


Held, David. Global Transformations, Stanford University Press

This book is optional; however, I strongly recommend this book for detailed empirical information about globalization (Referred to as Held Global Transformations in syllabus)

Gilpin, Robert. The Challenge of Global Capitalism, Princeton University Press

(Referred to as Gilpin in Syllabus)

O'Rourke, Kevin and Jeffrey G. Williamson. Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy, MIT Press

(Referred to as O’Rourke and Williamson in syllabus)

Held, David, Governing Globalization: Power, Authority and Global Governance, Polity Press

(Referred to as Held and McGrew in Syllabus)

Garrett, Geoffery, Partisan Politics in the Global Economy, Cambridge University Press

(Referred to as Garrett in Syllabus)


There is a considerable amount of supplemental reading, which I have put on closed reserve at the library.


I.                   Introduction:  Globalization Debate and Ideational Foundations


April 1 Introduction to Course


April 3 What is Globalization?


            *Economist “Globalization and its Critics” Special Survey


            *Suzanne Berger “Globalization and Politics” Annual Review of Political Science 2000          


            *Robert Wade “Globalization and its Limits: Reports of the Death of the nation-State are Greatly Exaggerated” in National Diversity and Global Capitalism ed. by Suzanne Berger and Ronald Dore.


            Gilpin Chapter 1


Optional: Held Global transformations, Introduction



April 8 Ideational Foundations: Liberalism


*Adam Smith. The Wealth of Nations: (Read the following chapters)

 “Of the Principle of the Commercial or Mercantile System”

“Of Restraints upon the importation from Foreign Countries of Such Goods as can produced at home”

“Of the Division of Labor”

“Of the Principle Which Gives Occasion to the Division of Labor”


*David Ricardo “On Foreign Trade” in The Principles of Political Economy and Taxation


*Robert Gilpin Political Economy of International Relations pp 26-31


April 10 Ideational Foundations: Marxism, Imperialism, Dependency Theory


            *V.I. Lenin “Selections from Imperialism” in International Political Economy: Perspectives on Global Power and Wealth ed. by Jeffry A. Frieden and David A. Lake


            *J. Hobson “Imperialism: A Study” in The New Imperialism ed. by H. Wright


            *Benjamin Cohen Question of Imperialism Chapter 2


            *Peter Evans Dependent Development Chapters 1 and 2


            Optional: Samir Amin *“Imperialism and Globalization” Monthly Review


II.                Historical Precedent


April 15 Have we been here before?


            O’Rourke and Williamson Chapters 1-6

            Optional: Held Global transformations, pp 32-62


April 17  NO CLASS



April 22 Lessons from history



            O’Rourke and Williamson Chapters 9-13


III Contemporary Issues


April 24 Trade and its implications


            Gilpin Chapter 3


*Jagdish Bhagwati Free Trade Today Lecture 1


            *Dani Rodrik Has Globalization Gone too far? Chapters 3 and 4


            *Ralph E. Gomory and William J. Baumol Global Trade and Conflicting National Interests Chapter 1


*Helen Milner “The Political Economy of International Trade” Annual Review of Political Science 1999



 Held Global Transformations Chapter 3







May 1 Capital Mobility

            Gilpin Chapter 5


            *Jagdish Bhagwati “The Capital Myth: The Difference between Trade in Widgets and Dollars” Foreign Policy (May/June 1998)


            *John B. Goodman and Louis W. Pauly “The Obsolescence of Capital Controls” World Politics (October 1993)


*Eric Helleiner States and the Emergence of Global Finance Chapter 1


*Sylvia Maxfield “Effects of International Portfolio Flows on Government Policy Choice” in Capital Flows and Financial Crises ed. by Miles Kahler


            Optional: Held Global Transformations Chapter 4



May 6 The End of the State, Politics?         



*Susan Strange “The Defective State” Daedalus 124 (Spring 1998)


*Stephen D. Krasner “Abiding Sovereignty” International Political Science Review 2001 vol. 22 no.3


*Jan Aart Scholte  “Global Capitalism and the State” International Affairs 73:3 1997

*Philip G. Cerny “Globalization and the Changing Logic of Collective Action” International Organization (Autumn 1995)


*Peter Evans “The Eclipse of the State? Reflections on Stateness in an Era of Globalization” World Politics 50:1 1997


Optional: Kenichi Ohmae Borderless World pp 172-92, 211-217.


May 8 Role of multinational corporations


            Gilpin Chapter 6


            *Thomas Biersteker Distortion or Development: Contrasting Perspectives on the Multinational Corporation Chapters 1 and 3


            *Louis W. Pauly and Simon Reich “National Structures and Multinational Corporate Behavior: Enduring Differences in the Age of Globalization” in International Organization 51: 1 Winter 1997


            *Gary Gareffi “Global Production Systems and Third World Development” in Stallings Global Change, Regional Response ed. by Barbara Stallings


May 13 Globalization and Welfare Spending


            Garrett Chapters 1-4


            *Robert R. Kaufman and Alex Segoura-Ubiergo “Globalization, Politics, and Social Spending in Latin America” World Politics 53 (July 2001)


            *Nita Rudra “Globalization and the decline of the Welfare State in Less-Developed Countries” International Organization 56:2 (Spring 2002)


May 15 Globalization and Regionalism


            Gilpin Chapters 7-9


            *Barbara Stallings Global Change, Regional Response Introduction, Chapter 11


IV Where do we go from here?


May 20 Global Governance



            Ngaire Woods “Global Governance and the Role of Institutions” in Held and McGrew


            Robert Gilpin “A Realist Perspective on International Governance” in Held and McGrew


            Alex Callinicos  “Marxism and Global Governance” in Held and McGrew


            Anthony McGrew “Liberal Internationalism: Between Realism and Cosmopolitanism:” in Held and McGrew


            David Held “Cosmopolitanism: Ideas Realities and Deficits” in Held and McGrew




May 22, 27, 29, and June 3 Student Paper presentations