Domestic Politics in the Global Economy

Course Description: 

Following decades of political liberalization and increasingly globally integrated markets, domestic politics in many democratic countries have begun to swing towards de-globalization and de-liberalization as mainstream policy objectives. Within this contemporary context, the advanced elective course will overview the academic literature that examines how the economic consequences of globalization affect domestic political behavior. The first three sessions will review the canonical economic models of international trade, international factor mobility, and protectionist trade policy. We will then cover contemporary research that quantitatively relates domestic politics to the following issues of economic integration: international trade, immigration, laborsaving technology diffusion, global macroeconomic business cycles, international finance, and (dis-)integration. The overarching goal of the course is to encourage original thought as to how a political interpretation of standard international economic theory may be useful in explaining current political trends towards de-globalization. The literature covered is all from the quantitative social sciences and, as such, literacy in basic economic theory and inferential statistics is a pre-requisite. Previous coursework in econometrics is an advantage, but not required.

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