Understanding

Globalization
Spring 2015, HSS244

Instructor: Hyeon Seok Park (hyeonseok.park@kaist.ac.kr)
Location: N4-1313

Time: 02:30-03:45 AM, Mon/Wed
Teaching Assistant: TBA
Office and office hours: 2:00-3:15 PM Tue/Thu, N4-1426

Course Description
The purpose of this course is to understand the causes of globalization and
its consequences. We will explore how economic globalization constrains the
autonomy of nation state and how politics affects international trade, finance, and
global environment.

Reading Assignment
Rodrik. 2011. The Globalization Paradox: Democracy and the Future of the
World Economy. W. W. Norton & Company.
Temin and Vines. 2013. The Leaderless Economy: Why the world economic
system fell apart and how to fix it. Princeton University Press.

Course Requirements
2 in-class examinations: midterm (30 points), final exam (30 points). Both
exams have two parts. The exams first ask you to identify and briefly discuss
the significance of important events, processes, and concepts contained in
the course. The second part consists of short essay questions.
1 Paper project (40 points). A paper is due by week 13. You need to choose
one option from the two alternatives.
1) An essay on the assigned topic. Your paper should not be longer than
6 pages with double spacing.
2) A research paper. If you decide to choose this option, you are
required to consult with the instructor on your paper topic in
advance.
In both cases, 2 points per a day will be subtracted from your final paper
grade if you miss the due date.
Although your attendance will not be graded, you are strongly urged to
attend all the classes. Failure to do so will impede your ability to profit from
the lectures and to perform well on the examinations.
Ask questions in advance. You are strongly encouraged to ask questions in
the classroom and to take advantage of the office hours if you have any issue.
You can get useful advices from the instructor before the exams and before
the due date for the paper. However, it is difficult to help you after the exams
and paper due date.

Schedule
Week 1
Introduction and Historical Background
Rodrik ch 1, 2
Week 2
Emergence of modern global economy
Rodrik ch 3
Week 3
Politics and International Trade
Rodrik ch 4
Week 4
Politics and Financial Globalization
Rodrik ch 5, 6
Week 5

Trade and Development

Rodrik ch 7,8

Week 6
Politics and Oil
ch. 9. Spero and Hart. 2010. Politics of International Economic Relations 7th ed.
Week 7
Globalization and Nation State
Rodrik ch 9, 10
Week 8
Midterm Exam
TBA
Week 9
Finance and World Economy
Temin and Vines ch 1
Week 10
British Hegemony and the Great Depression
Temin and Vines ch 2
Week 11
Keynes and Bretton Woods
Temin and Vines ch 3
Week 12
American Hegemony and the Global Financial Crisis
Temin and Vines ch 4
Week 13
Global Imbalance in Europe
Temin and Vines ch 5
Week 14
Global Imbalance in the World
Temin and Vines ch 6
Week 15
A Sustainable Globalization?
Rodrik ch 11, 12
Week 16
Final Exam
TBA