Duke University Political Science 113

International Political Economy

Spring 2012
Lectures: MW 10:05 - 11:20 am, Biological Sciences, Room 130 course website at https://sakai.duke.edu/portal/site/ps113s2012 Prof. Tim Bthe Dept. of Political Science 303 Perkins Library (919) 660-4365; buthe@duke.edu office hours: after class + Wednesdays, 1:15 - 2:15pm Purpose PS 113 is a course in the politics of international economic relations. We address questions such as: Why do foreign economic policies diverge from the normative prescriptions of economic models? Who gains and who loses from trade openness? What are the causes and consequences of capital mobility? Why is the exchange rate of the Chinese currency an issue of global high politics? Whose rules govern global product and financial markets (and why)? Whatif anythingdifferentiates "globalization" today from earlier periods of economic openness? Why do governments and private actors give humanitarian and development aid to foreign countries, and what are the consequences? We ask what determines the distribution of costs and benefits in the world economy and examine the role of states, international and domestic institutions, and domestic or transnational actors, such as firms and NGOs, in creating and/or managing international economic conflict and cooperation. We focus on the politics of product markets (trade and a variety of barriers to trade) as well as the politics of money and finance, but we also examine foreign aid and the politics of development; the governance of the world economy through domestic, international, and transnational (private) laws and regulations; and the implications of the phenomenal recent changes in some developing countriesmost importantly Brazil, China, and Indiafor the politics of international economic relations. Requirements The required readings and lectures for this course are complements, not substitutes. I also expect active participation in class, which includes the ability to listen to, and constructively engage with, your peers. Your grade will be based on a midterm exam (30%), final exam (50%), and class participation (20%). The exams will have an ID part, which will be closed book, and a take-home, open book essay part. You are welcomeand I encourage youto form study groups, though each student's exam essays must be written individually. Any student who wishes to substitute an original research paper of about 15 pages for the essay section of the final exam, may do so conditional on a proposal for such a paper submitted and approved before spring break. In this case, your grade will be based on: midterm (20%), ID section of the final (10%), class participation (20%), and research paper (50%). I especially encourage you to consider the research paper option if you are thinking about an honors thesis. Readings The four books below are available for purchase at the Duke Bookstore, since we use numerous selections from them (one copy of each of them is also on reserve at Perkins Library). Required readings that are not contained in these books are available online via Duke's electronic

journal holdings (indicated by "online" below), or they are on electronic reserves (e-res).* Occasional supplemental readings will usually be available via the course website (cws). B&M: Bthe, Tim and Walter Mattli. New Global Rulers: The Privatization of Regulation in the World Economy. Princeton: Princeton University Press, 2011. FLB: Frieden, Jeffry A., David A. Lake, and J. Lawrence Broz, eds. International Political Economy: Perspectives on Global Power and Wealth. 5th edition. New York: W. W. Norton, 2010. K&A: Kindleberger, Charles P. and Robert Z. Aliber. Manias, Panics and Crashes: A History of Financial Crises. 6th edition. Basingstoke: Palgrave Macmillan, 2011. S&H: Spero, Joan E. and Jeffrey A. Hart. The Politics of International Economic Relations. 7th edition. Boston, MA: Wadsworth/Cengage Learning, 2010. Required readings are listed below in 12-point font. In addition, I want you to follow the coverage of (the politics of) international economic relations in a major international newspaper, such as the Financial Times. Recommended readings are strictly optional and only listed to provide a starting point for students who might wish to follow up on material covered in lecture but not in the required readings. The course does not assume any prior knowledge in economics, but students with no prior exposure to economics at any level might find it useful to consult the chapter on the basics of "Supply and Demand" in Frederick S. Weaver's Economic Literacy: Basic Economics with an Attitude (Lanham, MD: Rowman & Littlefield, 2011; on e-reserves). Introduction (Wed, Jan. 11) No assigned readings. The Economics of International Trade: The Classics (Wed, Jan. 18)
e-res

Grieco, Joseph M. and G. John Ikenberry. "The Economics of International Trade." In State Power and World Markets: The International Political Economy. New York: W. W. Norton, 2003: 19-56.
Recommended Torrens, Robert. Essays on the Production of Wealth. London: Longman, Hurst, Rees, Orme, and Brown, 1824 [and] Kaldor, Nicholas. "A Note on Tariffs and the Terms of Trade." Economica vol.7 no.28 (November 1940): 377-380 or the section on "optimal tariffs" in any International Economics textbook. Broda, Christian, Nuno Limo, and David E. Weinstein. 2008. "Optimal Tariffs and Market Power: The Evidence." American Economic Review vol.98 no.5 (December 2008): 2032-2065.

Monday, Jan. 16 (Martin Luther King Holiday): NO CLASS The Politics of International Trade: The Classics (Mon, Jan. 23)
e-res

e-res

Smith, Adam. "Excerpts from The Wealth of Nations." In Goddard, C. Roe, Patrick Cronin, and Kishore C. Dash, eds. International Political Economy: State-Market Relations in a Changing Global Order. 2nd edition. Boulder, CO: Lynne Rienner Publishers, 2003: 33-47. Marx, Karl and Friedrich Engels. "Excerpts from Capital and Communist Manifesto." In Goddard, Cronin and Dash, 2003: 151-165.

If you are using a Mac, you may need to use a browser other than Safari to access e-reserves due to an incompatibility between Safari and the NetID authentication system used for e-reserves.

e-res e-res

online

Hamilton, Alexander. "Excerpts from Report on Manufacturers." In Goddard, Cronin and Dash, 2003: 85-98. Lenin, V. I. [Excerpts from:] "Imperialism: The Highest Stage of Capitalism." (First published as a pamphlet in 1916.) In International Political Economy: Perspectives on Global Power and Wealth, edited by Jeffry A. Frieden and David A. Lake. 3rd edition. New York: St. Martin's Press, 1995: 110-119. Tickner, J. Ann. "Gender in the Global Economy." In Gendering World Politics: Issues and Approaches in the Post-Cold War Era. New York: Columbia University Press, 2001: 65-95. [online via CIAO => books => Columbia University Press]
Recommended Frieden, Jeffry A., David A. Lake, and J. Lawrence Broz. "International Politics and International Economics." In.FLB, 2010: 1-19.

International Trade, States, and International Security (Wed, Jan. 25)

FLB e-res

online

FLB

Krasner, Stephen D. "State Power and the Structure of International Trade." In Frieden, Lake, and Broz, 2010: 23-41. Keohane, Robert O. and Joseph S. Nye. "Realism and Complex Interdependence." In Goddard, C. Roe, Patrick Cronin, and Kishore C. Dash, eds. International Political Economy: State-Market Relations in a Changing Global Order. 2nd edition. Boulder, CO: Lynne Rienner Publishers, 2003: 49-58. Doner, Richard F., Bryan K. Ritchie, and Dan Slater. "Systemic Vulnerability and the Origins of Developmental States: Northeast and Southeast Asia in Comparative Perspective." International Organization vol.59 no.2 (Spring 2005): 327-361. Schonhardt-Bailey, Cheryl. "Free Trade: The Repeal of the Corn Laws." In Frieden, Lake, and Broz, 2010: 87-97.
Recommended O'Rourke, Kevin H. and Jeffrey G. Williamson. Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy. Cambridge, MA: MIT Press, 1999. Gowa, Joanne. "Bipolarity, Multipolarity, and Free Trade." American Political Science Review vol.83 no.4 (December 1989): 1245-1256.

International Trade and Domestic Politics (Mon, Jan. 30)

FLB FLB FLB FLB

Gourevitch, Peter A. "International Trade, Domestic Coalitions, and Liberty: Comparative Responses to the Crisis of 1873-1896." In Frieden, Lake, and Broz, 2010: 98-118. Eichengreen, Barry. "The Political Economy of the Smoot-Hawley Tariff." In Frieden, Lake, and Broz, 2010: 42-52. Rogowski, Ronald. "Commerce and Coalitions: How Trade Affects Domestic Political Alignments." In Frieden, Lake, and Broz, 2010: 365-375. Frankel, Jeffrey A. "Globalization of the Economy." In Frieden, Lake, and Broz, 2010: 63-81. + supplementary materials on the US-Brazil trade dispute over cotton subsidies
Recommended Milner, Helen V. "Resisting the Protectionist Temptation: Industry and the Making of Trade Policy in France and the United States During the 1970s." International Organization vol.41 no.4 (Autumn 1987): 639-666. Graaf, Jan de Van. "On Optimum Tariff Structures." Review of Economic Studies vol.17 no.1 (Fall 1949): 47-59 [and] Tower, Edward, and John Gilbert. "A Golden Jubilee Note on Graaf's Optimal Tariff Structures." History of Political Economy vol.32 no.3 (Fall 2000): 421-436. Bhagwati, Jagdish. Protectionism. Cambridge, MA: MIT Press, 1988.

Developing Countries: A Different Economics of Trade? A Different Politics? (Wed, Feb. 1)

S&H S&H FLB S&H

Spero, Joan E. and Jeffrey A. Hart. "The North-South System and the Possibility of Change." In Spero and Hart, 2010: 188-207. Spero and Hart. "Trade and Development Strategies" In S&H, 2010: 257-288. Sally, Razeen. "The Political Economy of Trade Policy Reform: Lessons from Developing Countries." In Frieden, Lake, and Broz, 2010: 486-504. Spero and Hart. [Selections on 'The Cold War', 'The Collapse of the Communist System' and 'China' from:] "East-West Economic Relations: From Isolation to Integration." In S&H, 2010: 378-392, 405-417. + supplemental materials on (the stalemate of) the Doha Round
Recommended Milner, Helen V. with Keiko Kubota. "Why the Move to Free Trade? Democracy and Trade Policy in the Developing Countries." International Organization vol.59 no.1 (Winter 2005): 107-143. Kono, Daniel Y. "Optimal Obfuscation: Democracy and Trade Policy Transparency." American Political Science Review vol.100 no.3 (August 2006): 369-384.

Governing Global Trade: Cooperation and Collaboration through International Institutions? (Mon, Feb. 6)
S&H FLB e-res

Spero, Joan E. and Jeffrey A. Hart. "International Trade and Domestic Politics" In Spero and Hart, 2010: 72-116. Deardorff, Alan V. and Robert M. Stern. "What You Should Know about Globalization and the World Trade Organization." In Frieden, Lake, and Broz, 2010: 404-421. Baldwin, Robert, and Martin Cave. "Setting Standards." In Understanding Regulation: Theory, Strategy, and Practice. New York: Oxford University Press, 1999: 118-124.
Recommended Davis, Christina L., and Sarah B. Bermeo "Who Files? Developing Country Participation in GATT/WTO Adjudication." Journal of Politics vol.71 no.3 (July 2009): 1033-1049.

Cooperation and Collaboration through International Institutions? (2) (Wed, Feb. 8)

online

online

Goldstein, Judith, Douglas Rivers, and Michael Tomz. "Institutions in International Relations: Understanding the Effects of the GATT and the WTO on World Trade." International Organization vol.61 no.1 (Winter 2007): 37-67. Gowa, Joanne. "Alliances, Market Power, and Postwar Trade: Explaining the GATT/WTO." World Trade Review vol.9 no.3 (July 2010): 487-504.
Recommended Rose, Andrew. "Do We Really Know That the WTO Increases Trade?" American Economic Review vol.94 no.1 (March 2004): 98-114. Steinberg, Richard H. "In the Shadow of Power? Consensus-Based Bargaining and Outcomes in the GATT/WTO." International Organization vol.56 no.2 (Spring 2002): 339-374.

Cooperation and Collaboration through Transnational Private Governance (1) (Mon, Feb. 13)
B&M

Bthe, Tim and Walter Mattli. [Chapters 1-3: "The Rise of Private Regulation," "Private Nonmarket Rule-Making in Context" and "Institutional Complementarity Theory." In] The New Global Rulers: The Privatization of Regulation in the World Economy. Princeton: Princeton University Press, 2011: 1-59. 4

Recommended Ray, Edward John. "Changing Patterns of Protectionism: The Fall of Tariffs and the Rise in Non-Tariff Barriers." Northwestern Journal of International Law and Business vol.8 no.2 (Fall 1987): 285-327. Trebilcock, Michael J. and Robert Howse. "Trade Policy and Domestic Health and Safety Regulations and Standards." In The Regulation of International Trade. 3rd editon. LondonNew York: Routledge, 2005: 202-231.

Cooperation and Collaboration through Transnational Private Governance (2) (Wed, Feb. 15)
B&M

Bthe, Tim and Walter Mattli. [Chapters 6 and 7: "Private Regulators in Global Product Markets" and "The Politics of Nuts and Boltsand Nanotechnology." In] The New Global Rulers: The Privatization of Regulation in the World Economy. Princeton: Princeton University Press, 2011: 126-186.
Recommended Bartley, Tim. "Certifying Forests and Factories: States, Social Movements, and the Rise of Private Regulation in the Apparel and Forest Products Field." Politics & Society vol.31 no.3 (September 2003): 433-464 Maskus, Keith E., Tsunehiro Otsuki, and John S. Wilson. "The Cost of Compliance with Product Standards for Firms in Developing Countries: An Econometric Study." World Bank Policy Research Paper no.3590 (May 2005). Cashore, Benjamin. "Legitimacy and the Privatization of Environmental Governance: How Non-State Market-Driven (NSMD) Governance Systems Gain Rule-Making Authority." Governance vol.15 no.4 (October 2002): 503-529 Greenhill, Brian, Layna Mosley, and Aseem Prakash. "Trade-Based Diffusion of Labor Rights: A Panel Study, 1986-2002." American Political Science Review vol.103 no.4 (November 2009): 669-690. Bach, David, and Abraham L. Newman. "Governing Lipitor and Lipstick: Capacity, Sequencing, and Power in International Pharmaceutical and Cosmetics Regulation." Review of International Political Economy vol.17 no.4 (October 2010): 665-695.

Regional Integration: Europe and Beyond (Mon, Feb. 20)

e-res

e-res

online

Mazey, Sonia. "European Integration: Unfinished Journey or Journey without End?" In European Union: Power and Policy-Making, edited by Jeremy Richardson. London: Routledge, 2001: 27-50. Munaka, Naoko. "Has Politics Caught Up with Markets? In Search of East Asian Economic Regionalism." In Beyond Japan: The Dynamics of East Asian Regionalism, edited by Peter J. Katzenstein and Takashi Shiraishi. Ithaca: Cornell University Press, 2006: 130157. Kahler, Miles. "Weak Ties Don't Bind: Asia Needs Stronger Structures to Build Lasting Peace." Global Asia vol.6 no.2 (Summer 2011): 18-23. + supplemental materials on the European financial crisis
Recommended Mattli, Walter. 1999. The Logic of Regional Integration: Europe and Beyond. New York: Cambridge University Press. Grieco, Joseph M. and G. John Ikenberry. "State Power and the Promotion of National Interests through Economic Integration." In State Power and World Markets. New York: W. W. Norton, 2003: esp. 149-158.

Wednesday, Feb. 22: MIDTERM EXAM The Future of Europe, the Euro, the EU: Discussion with Prof. Erhard Busek (Mon, Feb. 27) Background readings TBA
Note: Dr. Erhard Busek is the former Vice Chancellor of Austria and has held numerous policy-making positions within the EU, including as Special Representative on EU-Enlargement, as Special Co-ordinator of the Stability Pact for South Eastern Europe, and as the President of the European Forum Alpbach (which you can think of as a European version of the Aspen Institute).

The Economics (and some History) of International Finance (Wed, Feb. 29)
e-res

e-res

Grieco, Joseph and John Ikenberry. "The Economics of International Money and Finance." In Grieco & Ikenberry, State Power and World Markets. New York: W. W. Norton, 2003: 57-91. Cohen, Benjamin J. "A Brief History of International Monetary Relations." In Organizing the World's Money: The Political Economy of International Monetary Relations. New York: Basic Books, 1977: 75-107. March 3-11: SPRING BREAK The Politics of International Monetary Relations: (Mon, Mar. 12 & Wed, Mar.14)

S&H FLB FLB S&H online

FLB

Spero, Joan E. and Jeffrey A. Hart. "Governing the International Monetary System." In Spero and Hart, 2010: 12-63. Cohen, Benjamin J. "The Triad and the Unholy Trinity: Problems of International Monetary Cooperation." In Frieden, Lake, and Broz, 2010: 273-285. Frieden, Jeffrey A. "Globalization and Exchange Rate Policy." In Frieden, Lake, and Broz, 2010: 286-296. Spero, Joan E. and Jeffrey A. Hart. "Financial Flows to Developing Countries." In Spero and Hart, 2010: 212-248. Carol Graham. "Winners and Losers: Perspectives on Globalization from the Emerging Market Economies." The Brookings Review vol.19 no.4 (Fall 2001, special issue "Managing a Globalizing World"): 22-25. Schmuckler, Sergio L. "Financial Globalization: Gain and Pain for Developing Countries." In Frieden, Lake, and Broz, 2010: 314-336. + supplemental materials on China's currency
Recommended Ruggie, John Gerard. "International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order." International Organization vol.36 no.2 (Spring 1982): 379-415. Vreeland, James. The International Monetary Fund: Politics of Conditional Lending. LondonNew York: Routledge, 2007. Weaver, Catherine E. Hypocrisy Trap: The World Bank and Poverty of Reform. Princeton: Princeton University Press, 2008.

Multinational Corporations and Foreign Direct Investment (Mon, Mar. 19 & Wed, Mar. 21)
e-res

online FLB e-res online

Bornschier, Volker and Christopher Chase-Dunn. "Transnational Firms in Historical Perspective." In Transnational Corporations and Underdevelopment. New York: Praeger, 1985: 35-54. dos Santos, Theotonio. "The Structure of Dependence." American Economic Review vol.60 no.2 (May 1970, Papers and Proceedings): 231-236. Tarzi, Shah M. "Third World Governments and Multinational Corporations: Dynamics of Host's Bargaining Power." In Frieden, Lake, and Broz, 2010: 169-179. Bhagwati, Jagdish. "Corporations: Predatory or Beneficial?" In In Defense of Globalization. New York: Oxford University Press, 2002: 162-195. Bthe, Tim, and Helen V. Milner. 2008. "The Politics of Foreign Direct Investment into Developing Countries: Increasing FDI through International Trade Agreements?" American Journal of Political Science vol.52 no.4 (October 2008): 741-762.

+ supplemental readings on recent large-scale natural resource investments and foreign acquisitions/99-year leases of agricultural lands in Africa
Recommended Fieldhouse, David. "'A New Imperial System'? The Role of the Multinational Corporation Reconsidered." In Imperialism and After, edited by Wolfgang Mommsen and Jrgen Osterhammel. London: Allen & Unwin, 1986: 225-240. Frieden, Jeffrey A. "International Investment and Colonial Control: A New Interpretation." In Frieden, Lake, and Broz, 2010: 119-138. Spero, Joan E. and Jeffrey A. Hart. "Multinational Corporations in the Third World." In Spero and Hart, 2010: 298-328.

Financial Crises and the Regulation of Global Financial Markets (Mon, Mar. 26)
K&A

S&H online

Kindleberger, Charles P. and Robert Z. Aliber "Financial Crisis: A Hardy Perennial" [and] "Anatomy of a Typical Crisis." In Manias, Panics and Crashes: A History of Financial Crises. 6th edition. Basingstoke: Palgrave Macmillan, 2011: 1-38. re-read section on 'Financial Crises of the 1990s' from "Financial Flows to Developing Countries" in Spero & Hart, 2010: 233-240. Strouse, Jean. "Annals of Finance: The Brilliant Bailout." The New Yorker vol.74 no.35 (23 November 1998): 62-72, 74-77. [online via the e-Journal archive "OpinionArchives", then select
"Complete Archive" then click on "Issue Archive"]

K&A

online

Kindleberger, Charles P. and Robert Z. Aliber. "The Lehman Panic: An Avoidable Crash" [and] "Epilogue 2010-2020." In Manias, Panics and Crashes: A History of Financial Crises. 6th edition. Basingstoke: Palgrave Macmillan, 2011: 257-272, 297-301. Haldane, Andrew G. "Control Rights (and Wrongs)." Wincott Annual Memorial Lecture, Westminster, London, 24 October 2011. Online at http://www.bankofengland.co.uk/
publications/speeches/2011/speech525.pdf (last accessed 1/8/2012).

FLB

Johnson, Simon. "The Quiet Coup." In Frieden, Lake, and Broz, 2010: 567-581.
Recommended Reinhart, Carmen M., and Kenneth S. Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press, 2009. Singer, David Andrew. "Capital Rules: The Domestic Politics of International Regulatory Harmonization." International Organization vol.58 no.3 (Summer 2004): 531-565.

Transnational Private Regulation of Global Financial Markets (Wed, Mar. 28)

e-res e-res

e-res B&M

Van Riper, Robert. [Selection from:] Setting Standards for Financial Reporting. Westport, CT: Quorum Books, 1994: 1-3. Miller, Paul B. W. et al [Sections on 'What Is Financial Accounting and Why It Is Considered to Be Important?' and 'What Groups are the Most Interested in Financial Accounting and What is Nature of their Interests?'] In FASB: The People, the Process, and the Politics. 4th edition. Boston: Irwin McGraw-Hill, 1998: 11-18. Nobes, Christopher and Robert Parker. [Selection from:] "Introduction" In Comparative International Accounting. Harlow, Essex (UK): Pearson Education, 2008: 4-18. Bthe, Tim and Walter Mattli. [Chapters 4 and 5: "Private Regulators in Global Financial Markets" and "The Politics of Setting Standards for Financial Reporting." In] The New Global Rulers: The Privatization of Regulation in the World Economy. Princeton: Princeton University Press, 2011: 60-122. + supplemental materials about the role ideas, personal values, and social norms:

The Politics of Foreign Aid 1: Bilateral and Multilateral Aid (Mon, Apr. 9)
e-res

e-res e-res e-res S&H online

Lancaster, Carol. [Selection from:] "Why Foreign Aid?" [and] "Aid's Purposes: A Brief History." In Ideas, Interests and Foreign Aid. Chicago: University of Chicago Press, 2007: 1-8, 25-33. Riddell, Roger C. "Aid Giving from the 1970s to the Present." In Does Aid Really Work? . New York: Oxford University Press, 2007: 31-49. van der Veen, A. Maurits. "The Many Uses of Foreign Aid." In Ideas, Interests and Foreign Aid. New York: Cambridge University Press, 2011: xi-xii + 1-22. Williams, David. "Introduction: Development and International Order." In International Development and Global Politics. London: Routledge, 2011: 1-8. re-read sections on foreign aid from "Financial Flows to Developing Countries" in Spero & Hart, 2010. Neumayer, Eric. "The Determinants of Aid Allocation by Regional Multilateral Development Banks and United Nations Agencies." International Studies Quarterly vol.47 no.1 (March 2003): 101-122. + supplementary materials on aid (in)effectiveness (TBA)
Recommended Baldwin, David A. "The Power of Positive Sanctions." (First published in 1971.) In Paradoxes of Power. New York: Basil Blackwell, 1989: 58-81. Schraeder, Peter J., Steven W. Hook, and Bruce Taylor. 1998. "Clarifying the Foreign Aid Puzzle: A Comparison of American, Japanese, French, and Swedish Aid Flows." World Politics vol.50 no.2 (January 1998): 294-323. Bermeo, Sarah. "Development and Strategy: Aid Allocation in an Interdependent World." Manuscript, Duke Univeristy, September 2010. Tingley, Dustin. "Donors and Domestic Politics: Political Influences on Foreign Aid Effort." Quarterly Review of Economics and Finance vol.50 no.1 (February 2010): 40-49. Remmer, Karen L. "Does Foreign Aid Promote the Expansion of Government?" American Journal of Political Science vol.48 no.1 (January 2004): 77-92.

The Politics of Foreign Aid 2: Private Foundations and NGOs (Wed, Apr. 11)
e-res online

online

Foreman, Stephard, and Abby Stoddard. "International Assistance." In The State of Nonprofit America, edited by Lester M. Salamon. Washington, DC: Brookings Institution, 2012. Bthe, Tim, Solomon Major, and Andr de Mello e Souza. "The Politics of Private Foreign Aid: Humanitarian Principles, Economic Development Objectives, and Organizational Interests in the Allocation of Private Aid by NGOs." International Organization vol.66 (forthcoming, 2012). Easterly, William. "The Cartel of Good Intentions." Foreign Policy no.131 (July-August 2002): 40-49.
Recommended Boulding, Carew E., and Clark C. Gibson. 2009. "Supporter or Challengers? The Effects of Nongovernmental Organizations on Local Politics in Bolivia." Comparative Political Studies vol.42 no.4 (April 2009): 479-500.

The Law, Economics, and Politics of Market Competition (Mon, Apr. 16)
e-res

e-res

Baron, David P. [Selection from:] "Antitrust: Economics, Law, and Politics." In Business and Its Environment. 6th edition. Upper Saddle River, NJ: Prentice Hall, 2010: 265-280, 287f. May, James. [Selection from:] "The Story of Standard Oil Co. v. United States." In Antitrust Stories, edited by Eleanor M. Fox and Daniel A. Crane. New York: Foundation Press, 2007: 7-15.

e-res

e-res

Baker, Jonathan B., and Robert Pitofsky. "A Turning Point in Merger Enforcement: Federal Trade Commission v. Staples." In Antitrust Stories, edited by Eleanor M. Fox and Daniel A. Crane. New York: Foundation Press, 2007: 311-330. Gerber, David J. [Selection from:] "Law, Competition and Global Markets"; [Section on] "Deep Globalization as Context: Deeper, Broader, and More Complex Competition." , 2010: 110, 274-279.
Recommended Stigler, George J. "Perfect Competition, Historically Contemplated." Journal of Political Economy vol.65 no.1 (February 1957): 1-17. Fligstein, Neil. "Markets as Institutions." In The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies. Princeton: Princeton University Press, 2001: 27-44. Connor, John M. "The Economics of Price Fixing." In Global Price Fixing. 2nd updated and revised ed. Berlin New York: Springer, 2007: 17-52. Gerber, David J. "Constitutionalizing the Economy: German Neo-Liberalism, Competition Law and the 'New' Europe." American Journal of Comparative Law vol.42 no.1 (Winter 1994): 25-84.

International Antitrust? Regulating Competition in Global Markets (Wed, Apr. 18)

e-res e-res online

Blackhurst, Richard. "Trade Policy is Competition Policy." In Competition and Economic Development. Paris: OECD, 1991: 253-258. Baron, David P. [Case on:] "Price Fixing in the Airways." In Business and Its Environment. 6th edition. Upper Saddle River, NJ: Prentice Hall, 2010: 289. Department of Justice. "Statement of Assistant Attorney General Joel I. Klein Concerning the Filing of the Vitamins Case, U.S. v. F. Hoffmann-LaRoche Ltc, BASF Aktiengesellschaft, and Dr. Kuno Sommer." 20 May 1999. Online at
http://www.justice.gov/atr/public/press_releases/1999/2451.htm (last accessed 1/8/2012).

e-res

e-res

cws

e-res

Shughart, William F., Jon D. Silverman, and Robert D. Tollison. "Antitrust Enforcement and Foreign Competition." In The Causes and Consequences of Antitrust: The Public Choice Perspective, edited by Fred S. McChesney and Willam F. Shughart II. Chicago: University of Chicago Press, 1995: 179-187. Djelic, Marie-Laure, and Thibaut Kleiner. "The International Competition Network: Moving Towards Transnational Governance." In Transnational Governance: Institutional Dynamics of Regulation, edited by Marie-Laure Djelic and Kerstin Sahlin-Andersson. New York: Cambridge University Press, 2006: 287-307. Bthe, Tim, and Gabriel T. Swank. "The Transatlantic Politics of Merger Control: Understanding the Divergent EU Merger Review Decisions in GE-Honeywell and Boeing-McDonaldDouglas." Manuscript, Duke University, 2010. Sabel, Charles F. Sabel and Jonathan Zeitlin. "Experimentalist Governance." In Oxford Handbook of Governance, edited by David Levi-Faur. Oxford New York: Oxford University Press, 2012.
Recommended Klevorick, Alvin K. and Alan O. Sykes. "United States Courts and the Optimal Deterrence of International Cartels: A Welfarist Perspective." Journal of Competition Law and Economics vol.3 no.3 (September 2007): 309-339. Guzman, Andrew T. "The Case for International Antitrust." Berkeley Journal of International Law vol.22 no.3 (2004): 355-374. Svetiev, Yane. "Networked Competition Governance in the EU: Delegation, Decentralization, or Experimentalist Architecture?" In Experimentalist Governance in the European Union: Towards a New Architecture, edited by Charles F. Sabel and Jonathan Zeitlin. New York: Oxford University Press, 2010: 79-120. Fox, Eleanor M. "In Search of a Competition Law Fit for Developing Countries." NYU Law & Economics Research Paper Series no.11-04 (February/July 2011)

A New Role for Developing Countries in Global Market Governance (Mon, Apr 23)
online

online

Dubash, Navroz K., and Bronwen Morgan. "Understanding the Rise of the Regulatory State in the Global South." Jerusalem Papers in Regulation & Governance no.32 (February 2011). Online at http://regulation.huji.ac.il/papers/jp32.pdf (last accessed 1/8/2012). Bach, David, Abraham L. Newman, and Steven Weber. "The International Implications of China's Fledgling Regulatory State: From Product Maker to Rule Maker." New Political Economy vol.11 no.4 (2006): 499-518.
Recommended Breznitz, Dan, and Michael Murphree. "Standardized Confusion? The Political Logic of China's Technology Standards Policy." Manuscript, Georgia Institute of Technology, May 2011.

OPTIONAL: Mon, Apr. 23 (time TBA): REVIEW SESSION Prospects for Economic Openness and Global Governance (Wed, Apr 25)
FLB FLB B&M

cws

Coughlin, Cletus C. "The Controversy over Free Trade: The Gap Between Economists and the General Public." In Frieden, Lake, and Broz, 2010: 341-364. Rodrik, Dani. "How to Save Globalization from Its Cheerleaders." In Frieden, Lake, and Broz, 2010: 546-566. Bthe, Tim and Walter Mattli. "Conclusions and Implications for Global Governance" The New Global Rulers: The Privatization of Regulation in the World Economy. Princeton: Princeton University Press, 2011, 214-226. Kahler, Miles. "Economic Crisis, Emerging Economies, and Global Governance" Manuscript, University of California, San Diego, March 2011.
Recommended Oatley, Thomas. "The Reductionist Gamble: Open Economy Politics in the Global Economy." International Organization vol.65 no.2 (April 2011): 311-341.

10