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PDObjective:
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
1930fs, 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 gSherpah), 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 2009h.
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.