5184 - THE ECONOMICS OF GLOBALIZATION

The course will examine globalization from a broad perspective, including trade, corporate mobility, and international finance. It will provide a framework for analyzing the current globalization debate, with particular reference to the developing and developed countries. Throughout the different sessions it will address 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? 

• 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

• M. OBSTFELD, A. TAYLOR, Global Capital Markets: Integration, Crisis, and Growth, Cambridge, Cambridge University Press, 1999

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 - Via Gobbi, 5 - 3rd floor.

Written examination.