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INTERNATIONAL POLITICAL ECONOMY IR 2502 POLITICS AND IR UNIVERSITY OF ABERDEEN.

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Presentation on theme: "INTERNATIONAL POLITICAL ECONOMY IR 2502 POLITICS AND IR UNIVERSITY OF ABERDEEN."— Presentation transcript:

1 INTERNATIONAL POLITICAL ECONOMY IR 2502 POLITICS AND IR UNIVERSITY OF ABERDEEN

2 INTRODUCTION COURSE OVERVIEW COURSE OVERVIEW COURSE CONTENT COURSE CONTENT REQUIREMENTS REQUIREMENTS

3 2 ND YEAR REQUIRED COURSE FOR IR 2 ND YEAR REQUIRED COURSE FOR IR Core curriculum in IR Core curriculum in IR Content fills gap in curriculum Content fills gap in curriculum IR – security, diplomacy, culture-identity, political economy IR – security, diplomacy, culture-identity, political economy Critical turn – post-Westphalia, globalization Critical turn – post-Westphalia, globalization

4 WELATH, POVERTY, POWER POLITICAL ECONOMY POLITICAL ECONOMY POWER WEALTH POWER WEALTH

5 Theories of Political Economy Who were the classical political economists? Adam Smith, James Steuart, Scottish Enlightenment Who were the classical political economists? Adam Smith, James Steuart, Scottish Enlightenment Karl Marx Karl Marx Neo-classical (only market, not state) Neo-classical (only market, not state) New Institutionalists New Institutionalists What makes a society wealthy? Land, money, labor? What makes a society wealthy? Land, money, labor? What is wealth for? (Smith - social good) What is wealth for? (Smith - social good) How are/should states and markets be bounded How are/should states and markets be bounded –States or markets provide Health care? Education? Welfare?

6 HISTORICAL DEVELOPMENT Evolution of World Economy Evolution of World Economy –Feudalism/capitalism; colonialism History History System System Structure Structure –International Trade, Finance, Division of Labour International Economic Organizations (IMF, WB, WTO) International Economic Organizations (IMF, WB, WTO)Globalization Gender, Environment

7 Global distribution of wealth/poverty Global distribution of wealth/poverty 50% of worlds population lives on less than $2 per day extreme poverty 1.1 billion on less than $1 per day Disease – WHO 90% of global disease in low and middle income countries but get only 11% of health care spending Civil conflict/war – more likely in poor countries

8 UN 2000 report World Institute for Development Economics Research UN 2000 report World Institute for Development Economics Research Top 1% of worlds adult population owns 40% of worlds wealth Top 1% of worlds adult population owns 40% of worlds wealth Top 2% owns 50% of global wealth Top 2% owns 50% of global wealth Top 10% owns 85% of global wealth Top 10% owns 85% of global wealth Gap between rich and poor growing Gap between rich and poor growing

9 CAUSES/EXPLANATIONS CAUSES/EXPLANATIONS Causes/explanations of global distribution of wealth and poverty Causes/explanations of global distribution of wealth and poverty history? (colonialism) culture? (work-ethic, religion) policies? (state/market) politics? (power) structures (rules, regimes, international economic organizations)

10 Solutions? Aid/Charity? Aid/Charity? Global Civil Society? (Make Poverty History) Global Civil Society? (Make Poverty History) Individual empowerment? Micro-credit (Grameen Bank – Mohammed Yunus Nobel Prize) Individual empowerment? Micro-credit (Grameen Bank – Mohammed Yunus Nobel Prize) Rules of the Game? Prices of goods in international trade, intellectual property rights? TRIPS Rules of the Game? Prices of goods in international trade, intellectual property rights? TRIPS Taxation Taxation

11 Books: Books: Robert OBrien and Marc Williams (2007) Global Political Economy: Evolution and Dynamics Palgrave Macmillan. Robert OBrien and Marc Williams (2007) Global Political Economy: Evolution and Dynamics Palgrave Macmillan. John Ravenhill (ed. ) (2008) Global Political Economy second edition, Oxford, John Ravenhill (ed. ) (2008) Global Political Economy second edition, Oxford, 2008.

12 Essay - 40% of grade Essay - 40% of grade Exam 60% - of grade Exam 60% - of grade Library Skills –database search Library Skills –database search Scopus Scopus JSTOR (full text articles) JSTOR (full text articles)


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