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Organization, Regulations, and Courses 2024-25


GOVT 44 Power and Development in the Global Economy

The latest wave of economic globalization has differently affected various regions of the world. One of the most often repeated (and disputed) assertions is that the economic power of the United States is fading and that the fortunes of the so-called BRIC countries (Brazil, Russia, India, and China) as well as other selected Emerging Economies ("the Second World") will mark the dawn of a more equal and, economically speaking, a more balanced global economy. The most recent financial crisis has put into question many of the assertions on both sides of this debate, in ways that question the very basic assumptions analysts of the global economy have been making since the creation of the Bretton Woods system in the aftermath of World War II. In this course we investigate the impact of the economic boom of the last two decades, the current crisis, and their impact on the economic fate and standing of particularly the United States, India, China, and Russia. We focus in part on efforts to create a new financial architecture for the global economy, and investigate how the debate between markets and state intervention has been affected by the ongoing financial crisis-and what this may mean for both countries that rely extensively on markets, and for those that strategically promote state intervention.

Instructor

Vandewalle

Degree Requirement Attributes

Dist:INT or SOC; WCult:NW

The Timetable of Class Meetings contains the most up-to-date information about a course. It includes not only the meeting time and instructor, but also its official distributive and/or world culture designation. This information supersedes any information you may see elsewhere, to include what may appear in this ORC/Catalog or on a department/program website. Note that course attributes may change term to term therefore those in effect are those (only) during the term in which you enroll in the course.