Topics at a Glance
- Introduction to Economics, Political Economy and Some Conceptions of Power
- Political Economy of Post-War Development (The Bretton Woods Regime)
- The Debt Crisis (1982) and its Precursors
- Conditionality and Structural Adjustment
- A Crisis of Confidence in the Washington Consensus to the Post-Washington Consensus and the Good Governance Agenda
- Trade and the World Trade Organization (WTO)
- Foreign Direct Investment
- Foreign Portfolio Investment and the Asian Crisis
- Corporate Social Responsibility (CSR)
- NGOs and the Aid Industry
After completing DEVS 230, students will be better equipped to:
- Describe the variety of ways that power relations between the various political economic actors shape the processes and outcomes of global development.
- Summarize the evolution of the dominant (in terms of policy) development paradigms and assess the impact of their implementation in practice.
- Outline the functions and critiques (past and present) of three key institutions in global political economy of development: the International Monetary Fund (IMF), World Bank and World Trade Organization (WTO).
- Summarize and evaluate the strength of some of the key debates over development strategy, from trade liberalization to the role of NGOs and global finance, based on a solid theoretical and practical understanding.
- Evaluate motivations and impacts of current developments in the global political economy grounded in a historical understanding of the evolving politics, policies, institutions and theory.