ECON 401v7: 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


Supplementary Readings
Martin, R., Tyler, P., Storper, M., Evenhuis, E., & Glasmeier, A. (2018). Globalization at a critical conjuncture? Cambridge Journal of Regions, Economy and Society, 11(1), 3–16.

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 Institutes project on “The Changing Security Environment and American National Interests.”

An open and shut case. Special report: The world economy. (2016, October 1). The Economist, 360(8241), 3.

Unit 2


Unit 3


Eden, L. (2016). Multinationals and foreign investment policies in a digital world. World Economic Forum and the International Centre for Trade and Sustainable Development.

Unit 4


There are no DRR readings for this unit.

Unit 5


Banting, K. G. (1997). The internationalization of the social contract. In Courchene, T. J. (Ed.), The nation state in a global/information era: Policy challenges (pp. 255–285). John Deutsch Institute for the Study of Economic Policy, Queens University.
Bercuson, D. J. (November 2018). Canada’s sovereignty: The threats of a new era. Canadian Global Affairs Institute. https://www.cgai.ca/canadas_sovereignty_the_threats_of_a_new_era
Bourguignon, F. (2016). Inequality and globalization: How the rich get richer as the poor catch up. Foreign Affairs 95(1), 11–15.
Hu, F., & Spence, M. (2017). Why globalization stalled: And how to restart it. Foreign Affairs, 96(4), 54–63.
Kose, M. A., Prasad, E., Rogoff, K., & Wei, S.-J. (2010). Financial globalization and economic policies. In Rodrik, D., & Rosenzweig, M. (Eds.), Handbook of development economics (Vol. 5). North Holland.
Martin, R., Tyler, P., Storper, M., Evenhuis, E., & Glasmeier, A. (2018). Globalization at a critical conjuncture? Cambridge Journal of Regions, Economy and Society, 11(1), 3–16.
Rodrik, D. (2017). Rebalancing globalization. The Milken Institute Review.
Shafik, N. (2018). A new social contract: Overcoming fears of technology and globalization means rethinking the rights and obligations of citizenship. International Monetary Fund Magazine, 55(4).
Tarullo, D. (2019). Financial regulation: Still unsettled a decade after the crisis. Journal of Economic Perspectives, 33(1), 61–80.