International Political Economy #1

Introduction: What Does the World Look Like?

W. K. Wineco | IPE #1: Introduction

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William Kindred Wineco
Indiana University at Bloomington

August 27, 2013

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The Course - Requirements

Assignments:

Two required books: Friedens Global Capitalism and Oatleys International Political Economy. Other readings on the course website. Three multiple-choice exams. Final is cumulative (kind of). One 5,000 paper. Details TK, but it is intended to be a research paper.
Roughly 100 pp of reading per week and you really have to keep up. Plus some quite basic math. Basically high school algebra. (If you cant hack that this class probably isnt for you.)

W. K. Wineco | IPE #1: Introduction

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The Course - Policies

No formal attendance policy, but I may give quizzes which will be averaged into your exam grade. Exams are mandatory, of course.

Phones: O. Just do it. Dont make me be a jerk.

Laptops/tablets: Open, but should be used for class-related stu (note-taking, reading PDFs, etc.)

Sleeping: Come on now. Theres no attendance... just dont come if you dont want to be here. As always you are bound by the CODE.

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The Course - Miscellany

Oce Hours: Thursday 1-4 p.m. in Woodburn 403, or by appointment. I generally respond quickly to e-mails.

W. K. Wineco | IPE #1: Introduction

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The Course - Know the World

Well begin each class discussing events ongoing in the world. Its an interesting time to study IPE so there should be a lot of talk about. In order to have this conversation, however, you have to be informed. Pick a source for news. I dont care what. NY Times, BBC, Financial Times, Wall Street Journal, Der Spiegel, RealClearWorld.com, etc. I subscribe to some e-mail lists ForeignPolicy.coms Morning Brief and Washington Posts Wonkbook so that ten minutes after I wake up I know the major developments of the day. There are many of these and I recommend using them.

W. K. Wineco | IPE #1: Introduction

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Course Overview

One global political economic system, but three subsystems:

1 2 3

The production and trade subsystem. The investment subsystem. The development subsystem.

We will study the historical development of each of these in turn.

Obviously they are inter-linked, and aspects of all will creep into each section.

W. K. Wineco | IPE #1: Introduction

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Course Overview

One global political economic system, with three characteristics:

1 2 3

The global system is hierarchical. The global system is institutionalized. The global system is interconnected.

Citizens of states compete over the distribution of a societys resources. States compete over the distribution of the worlds resources.

Institutions lter this competition at the domestic and international levels. Power is important.

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U.S. GDP

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U.S. GDP Per Capita

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U.S. and World Trade

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World Trade

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U.S. Trade Balance

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U.S. Trade Partners

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U.S.-China Trade Balance

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The Trade Network

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Increasing WTO Membership

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WTO Membership

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WTO Governs Trade

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Capital Flows Are Massive

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The Dollar Is Still Central

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The Global Economy Is Imbalanced

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Global Inequality Is High

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GDP Distribution

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Child Mortality Distribution

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Energy Consumption Distribution

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Wrap-Up

We will try to understand all of this as the semester moves along. NOTE: No class on Thursday. Ill see you next Tuesday.

W. K. Wineco | IPE #1: Introduction

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