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‚PDObjective:
The basic objective is to help students better understand how the "Real World" (International Political-Economy) works.
2. Focus or the "case" to be studied:
The Real "International Political-Economy" World is a global political system aspiring towards lasting Peace and Prosperity.
Currently, global Prosperity is facing its greatest challenge since the 1930fs, if not worse.
International cooperative efforts are underway to coordinate individual country responses and, possibly, to work towards another Bretton Woods type of an overhaul of the international economic/financial framework.
Thus this course, namely Foreign Policy I, will focus on the on-going international efforts, with particular attention to the creation of a new international economic/financial regime. (N.B.: summer semester will be contemporaneous with London (G20) Summit on 2 April and G8 Summit on La Maddalena (Italy) on 8-10 July.)
3. Method:
Each student will be assigned one of the participants to the G20 meetings (including major international economic institutions), and will study the situation confronting the country (or the international entity) and report on its position on the major issues. In the latter part of the course, the class will engage in mock G20 negotiations, in which students will play the part of the country they represent (as a chief negotiator or a gSherpah), with the objective of creating a new international economic/financial regime.
Major topics of concern, such as macro-economic, international financial and monetary, international trade and investment, energy, and environment, will be studied.
Existing institutions and forums (such as the G8 summit) will be looked into.
Students will learn about internal policy making process and domestic constraints within individual members as well as other factors influencing the current international cooperative efforts, and by taking part in mock-negotiations, learn firsthand, strategic and tactical considerations inherent in the conduct of international economic, financial, and trade policies.
Information from original sources will be the main reference. For example, see the HP for gThe London Summit in April 2009h.
Reference Material: to be indicated

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Required reading:
Bernard M. Hoekman & Michel M. Kostecki:@The Political Economy of the World Trading System: The WTO and Beyond (Second Edition) : Oxford University Press
WTO texts of agreements, DDA related documents (to be obtained at WTO HP)
Reference Material: to be indicated.

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Oral and written reports, participation in class discussions and the performance at the mock negotiation will all be comprehensively considered.

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