(Previously offered as ITF-225) What is the right balance between national sovereignty and international integration? Is the U.S. equipped to sustain its role as a global leader? Should we regulate multi-national companies who move their factories to countries with lower labor standards? How should the IMF respond to financial crises in Europe and the developing world? How will the rise of China affect global inequality? These are all questions posed by globalization. This course uses basic economic logic to illuminate the choices faced by businesses, governments, international institutions and citizens as the global economy evolves. Policy issues are debated in class by the professors and students play the role of public and private actors in simulation exercises in order to experience the importance of the decisions made by individual actors for the evolution of the global system.
Also offered by the Economics Department as Ec 1400.