Globalization and Inequality

Course Description: 

This course aims to explore the relationship between inequality, globalization of economic markets and institutions. More particularly it tries to answer the questions of why certain nations are able to adopt institutions and policies that promote equality; under what conditions, economic, social and political capital foster equality; and what economic policies need to be put in place. A greater focus is put on the developing world but different regions are covered depending on the relevancy of the topic. In the first part of the class, the concepts of inequality (income, opportunity, mobility, inclusion, etc.) are introduced. Then, global inequalities are discussed both within and across countries. The second part of the class looks at the implications of global trade, capital markets and privatization for inequality within developing countries, and how inequalities shape political institutions. In the third part of the class, the role of global policies in addressing unequal opportunity and global market failures are analyzed. These topics are studied both from a theoretical and empirical perspective to enable students with a broad understanding of global issues and policies.