• Index of Digital Reading Room
• Search

1. Home
2. ECON
3. ECON 401v6: The Changing Global Economy

ECON 401v6: The Changing Global Economy Report a Broken Link

At a very general level, economic globalization refers to the integration of world markets and production. What are the key driving forces behind globalization? Are globalizing markets limiting the power of governments and societies to freely choose their futures? How is globalization affecting economic inequality and poverty? Who are the winners and losers in the process? How does globalization affect the less-developed regions of the world? What is the role of multinational firms? What economic policies are appropriate for a country like Canada in the emerging, competitive global economy? What economic policies are appropriate for a developing country? This course focuses on the economic aspects of globalization but recognizes that political, social, and cultural perspectives are also important. ECON 401 examines the theory, evidence, and policies related to globalization to help students develop a critical understanding of globalization issues.

Unit 1

Stiglitz, J. (2006). Making globalization work. Google Author Series. YouTube. [Video]. Retrieved from https://www.youtube.com/watch?v=UzhD7KVs-R4 Nobel Prize-winning economist Joseph Stiglitz speaks about his book, Making Globalization Work. This YouTube clip is a video recording of an event that took place on October 13, 2006, at Google's Mountain View, CA, headquarters as part of the Authors@Google series.

Author. (2001, Sept. 29). Survey: Globalisation and its critics. Special Report: Globalization. The Economist, 360(8241), 3. Also available at The Economist website (limited access): http://www.economist.com/printedition/2001-09-29

Author. (2001, Sept. 29). Survey: Profits over people. Special Report: Globalization. The Economist, 360(8241), 5. Also available at The Economist website (limited access): http://www.economist.com/printedition/2001-09-29

Author. (2001, Sept. 29). Survey: Is government disappearing? Special Report: Globalization. The Economist, 360(8241), 16. Also available at The Economist website (limited access): http://www.economist.com/printedition/2001-09-29

Huntington, S. P. (1993). The clash of civilizations? Foreign Affairs, 72(3), 22-49. In 1993, the author was the Eaton Professor of the Science of Government and Director of the John M. Olin Institute for Strategic Studies at Harvard University. This article is the product of the Olin Institute's project on "The Changing Security Environment and American National Interests."

Supplementary Readings

Bhagwati, J. (2002). Coping with antiglobalization. Foreign Affairs, 81(1), 2-7. Globalization is doomed to controversy thanks to a trio of misapprehensions. However, the opposition stems more from nostaligia and sterile theory than from economic reality.

Unit 2

Gilpin, R. Age of the multinational. In R. Gilpin, The challenge of global capitalism: The world economy in the 21st century (pp. 163-192). Princeton, NJ: Princeton University Press.

Author. (1997, Nov. 22). Worldbeater, Inc. The Economist, 345(8044), 92-93. This article examines the role that multinational corporations play in integrating the world's economies.

Unit 3

Unit 4

Author. (2001, Sept. 29). Survey: Grinding the poor. Special Report: Globalization. The Economist, 360(8241), 10. Also available at The Economist website (limited access): http://www.economist.com/printedition/2001-09-29

Collier, P., & Dollar, D. (2002). The new wave of globalization and its economic effects. In World Bank, Globalization, growth and poverty: Building an inclusive world economy (pp. 23-52). Washington, DC; New York: World Bank; Oxford University Press. Download and read Chapter 1 PDF (under Light-weight Documents).

Collier, P., & Dollar, D. (2002). Improving the international architecture for integration. In World Bank, Globalization, growth and poverty: Building an inclusive world economy (pp. 53-84). Washington, DC; New York: World Bank; Oxford University Press. Download and read Chapter 2 PDF (under Light-weight Documents).

Author. (2003, May 3). Survey: A cruel sea of capital. Special Report: Global Finance. The Economist, 367(8322), 4. Also available at The Economist website (limited access): http://www.economist.com/printedition/2003-05-03

Author. (2003, May 3). Survey: Catching the tide. Special Report: Global Finance. The Economist, 367(8322), 5. Also available at The Economist website (limited access): http://www.economist.com/printedition/2003-05-03

Author. (2003, May 3). Survey: Hot and cold running money. Special Report: Global Finance. The Economist, 367(8322), S9-S11. Also available at The Economist website (limited access): http://www.economist.com/printedition/2003-05-03

Author. (2003, May 3). Survey: The trouble with banks. Special Report: Global Finance. The Economist, 367(8322), 12. Also available at The Economist website (limited access): http://www.economist.com/printedition/2003-05-03

Author. (2003, May 3). Survey: Sudden storms. Special Report: Global Finance. The Economist, 367(8322), 16. Also available at The Economist website (limited access): http://www.economist.com/printedition/2003-05-03

Author. (2001, Sept. 29). Survey: A plague of finance. Special Report: Globalization. The Economist, 360(8241), 27. Also available at The Economist website (limited access): http://www.economist.com/printedition/2001-09-29

Bhagwati, J. N. (1998). The capital myth: The difference between trade in widgets and dollars. Foreign Affairs, 77(3), 7-12.

Unit 5

Author. (2004, Jan. 17). Survey: First get the basics right. A survey of sub-Saharan Africa. The Economist, 370(8358), S3-S4. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: The rule of big men or the rule of law? A survey of sub-Saharan Africa. The Economist, 370(8358), S4-S6. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: Breathing life into dead capital. A survey of sub-Saharan Africa. The Economist, 370(8358), S6-S8. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: Coping with conflict. A survey of sub-Saharan Africa. The Economist, 370(8358), S8-S9. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: Love and death. A survey of sub-Saharan Africa. The Economist, 370(8358), S10-S11. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: Opportunities, mostly missed. A survey of sub-Saharan Africa. The Economist, 370(8358), S11-S13. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: An addictive lullaby. A survey of sub-Saharan Africa. The Economist, 370(8358), S12. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: Africa’s engine. A survey of sub-Saharan Africa. The Economist, 370(8358), S14-S15. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Author. (2004, Jan. 17). Survey: Plenty of mistakes to learn from. A survey of sub-Saharan Africa. The Economist, 370(8358), S16. Also available at The Economist website (limited access): http://www.economist.com/printedition/2004-01-17-0

Sachs, J. (2004, May 22). Special report: Doing the sums on Africa – Developing Africa’s economy; By invitation. The Economist, 371(8376), 19-21. Africa's biggest problems stem from its present leaders, but they were created by African society and history.

Author. (2000, May 13). Special: Africa: The heart of the matter. The Economist, 355(8170), 22-24. Also available at The Economist website (limited access): http://www.economist.com/node/2685783

Ostry, S. (1997). Globalization and the nation state. In T. J. Courchene (Ed.), The nation state in a global/information era: Policy changes (pp. 57-65). Montreal, PQ; Kingston, ON: McGill-queen's University Press.

Banting, K. G. The internationalization of the social contract. In T. J. Courchene (Ed.), The nation state in a global/information era: Policy changes (pp. 255-285). Montreal, PQ; Kingston, ON: McGill-queen's University Press.

Supplementary Readings

Author. (2001, Sept. 29). Survey: A crisis of legitimacy. Special Report: Globalization. The Economist, 360(8241), 22. Also available at The Economist website (limited access): http://www.economist.com/printedition/2001-09-29