Globalization and International Trade (UD)

Students will learn open thinking and discussion of economic and social implications of globalisation. Students will understand the advantages that come from increased trade, FDI and IT revolution as well as openly discuss the more controversial social implications of it. In addition, students will be able to contribute by individual thoughts on how we can make globalisation work better.

Globalisation is fundamentally changing the world as we know it.
In this course we will look at:
- why and how it happened,
- what are the economic contours of globalisation,
- what are the economic and social implications of it – from the advantages that come from increased trade, FDI and IT revolution to some of the more controversial implications,
- and how can we make globalisation work better.

Topics:
1. Definitions of globalization, patterns, major issues
2. Evolution of the global economy
3. Globalization patterns I: Trade
4. Globalization patterns II: FDI and TNCs
5. Globalization patterns III: Outsourcing
6. The World is flat - Globalization and services
7. Globalization and Inequality/Poverty, Convergence, Growth
8. Social implications of Globalization I: Women, Child labor & Labor standards
9. Social implications of Globalization II: Culture, Democracy, Corporations & Environment
10. Globalization: Good or Bad? How to make it work better?

Presentation of students' papers and discussion in the class