6BUS1011: Issues in the Global Economy

Week 1

Griffin, K. (2003)
‘Economic globalisation and institutions of global governance’. 
Development and Change, 34 (5), pp. 789-807

Nayyar, D. (2006)
‘Globalisation, history and development: a tale of two centuries’. 
Cambridge Journal of Economics, 30, 137–159

​Week 2

Dicken, P. et al. (2001)
‘Chains and networks, territories and scales: towards a relational framework for analysing global economy’. Global Networks, 1 (2), pp. 89-112

James J (2001)
‘Information technology, cumulative causation and patterns of globalization in the Third World”.
Review of International Political Economy, 8 (1), pp. 147-162

​ Complementary Reading

Rycroft, R. W. (2003)

‘Technology-based globalization indicators: the centrality of innovations network data’.
Technology in Society, 25, pp. 299-317

Week 3


Williamson, J. (2004)
‘The Washington Consensus as Policy Prescription for Development’.
Institute for International Economics

Rodrik (2006)
‘Goodbye Washington Consensus, Hello Washington Confusion?’.
Journal of Economic Literature, 44 (4), pp. 973-987(15)

Complementary Reading:

Bleaney, M. and Fielding, D. (1995)

‘Investment, Trade Liberalisation and Structural Adjustment’.
The Journal of Development Studies, Vol. 32, No. 2, pp. 175-194

Week 4

Van der Hoeven, R. and Taylor, L. (2000)
‘Introduction: Structural Adjustment, Labour Markets and Employment’.
The Journal of Development Studies, Vol. 36, No. 4, pp. 57-65

Vivian, J. (1995)

‘How safe are ‘Social Safety Nets?’.
European Journal of Development Research, 7, pp. 1-26

Complementary Reading:

Khan, M. S. and Sharma S. (2003)
‘IMF Conditionality and Country Ownership of Adjustment Programs’.
The World Bank Research Observer, Vol. 18, No. 2, pp. 227-248

Week 5

Fischer, S. et al. (2003)
‘The Future of the IMF and World Bank’.
The American Economic Review, Vol. 93- No. 2, pp. 45-50

Onis, Z. and Senses F. (2005)
‘Rethinking the Emerging Post-Washington Consensus’.
Development and Change 36(2): 263–290

Complementary Reading:

Stiglitz, J. (2003)
‘Democratizing the International Monetary Fund and the World Bank: Governance and Accountability’. Governance: An International Journal of Policy, Administration, and Institutions, Vol. 16, No.1, pp. 111-139

Woods, N. (2000)
‘The Challenge of Good Governance for the IMF and the World Bank Themselves’.World Development Vol. 28, No. 5, pp. 823-841

Wolf, M. (2004)
‘Globalisation and Global Economic Governance’.
Oxford Review of Economic Policy, Vol. 20, No. 1, pp. 72-84

Week 6

Rodrik, D. (2004)
‘Industrial Policy for the Twenty-First Century’. Harvard University JF Kennedy School of Government, Faculty Research Working Papers Series RWP04-047, November 2004

UNIDO (2000)
‘Industry and Trade in a Global Economy with Special Reference to Sub-Saharan Africa’. United Nations Industrial Development Organization

Complementary Reading:

Wannacott R. (1996)
‘Free-trade agreements: for better or worse?’. American Economic Review, Vol. 86, No 2, pp. 62-66

Week 7

Echánove, F. (2005)

‘Globalisation and Restructuring In Rural Mexico: The Case Of Fruit Growers’.
Tijdschrift voor Economische en Sociale Geografie – 2005, Vol. 96, No. 1, pp. 15–30.

Hudson, A. (2003)
‘Trade and Development at the WTO: Learning the lessons of Cancun to revive a genuine development round’. House of Commons International Development Committee (IDC), UK

​Complementary Reading:

Josling, T. (2003)

‘Key issues in the World Trade Organization negotiations on agriculture’.
American Journal of Agricultural Economics, 85 (3) pp. 663-667

Week 8

Leclair, M. S. (2002)
‘Fighting the tide: alternative trade organizations in the era of global free trade’. World Development, Vol 30, No 6, pp. 949-958

Manning, L. and Baines R.N.(2004)

‘Globalisation: a study of the poultry-meat supply chain’.
British Food Journal, Vol. 106 No. 10/11, pp. 819-836

Prasad et al. (2003)
‘Effects of Financial Globalization on Developing Countries: Some Empirical Evidence’ IMF Occasional Paper, No 220

Quinn, D. P. (2003)
‘Capital account liberalization and financial globalization, 1890-1999: a synoptic view’. International Journal of Finance and Economics. 8:189-204

Complementary Reading:

Overseas Development Institution (2004)
‘Developed country cotton subsidies and developing countries: unravelling the impacts on Africa’. ODI Briefing Paper, July 2004

Balasubramanyam, V. N. and Balasubramanyam A. (1997)

‘International trade in services: the case of India’s computer software’.
The World Economy, vol. 20, no.6, pp. 829-843

Hoekman, B. and Braga, C. (1997)
‘Protection and Trade in Services: A Survey’.
Open Economies Review, 8 (3), 285-308

Steinherr, A. and Peree E. (1999)
‘How strong is the case for free trade in financial services? Walking the tightrope between domestic stability and international shocks’. The World Economy, vol. 22, no.9, pp. 1221-1232

Whalley, J. (2004)
‘Assessing the benefits to developing countries of liberalisation in services trade’. The World Economy, vol. 27, no. 8, pp. 1223-1253

Mishkin, F. S. (2007)

‘Is Financial Globalisation Beneficial?’.
Journal of Money, Credit and Banking, Vol. 39, No. 2-3, pp. 259-294

Obstfeld, M. (1998)

‘The Global Capital Market: Benefactor or Menace?’.
Journal of Economic Perspectives, 12(4), Fall, pp.9-30.

Stiglitz, J (2004) ‘Capital-Market Liberalization, Globalization, and the IMF’
Oxford Review of Economic Policy, Vol. 20, No 1, pp. 57-71.

Taylor, A. (2004)
‘Global finance: past and present.’
Finance and Development. March.

Week 9

Bordo, M. et al (2001)
‘Financial Crises: Lessons from the Last 120 Years’.
Economic Policy, 35, pp. 53-75

Grabel, I. (2003)
‘Averting crisis? Assessing measures to manage financial integration in emerging economies’. Cambridge Journal of Economics, 27, pp. 317-336

Complementary Reading:

Kindleberger, C. P. (2005)

‘Manias, panics and crashes: a history of financial crises’. 5th Edition.

Stiglitz, J. (1999)
‘Reforming the global economic architecture: lessons from recent crises’.
The Journal of Finance, vol. 54, no. 4, pp. 1508-1522

Week 10

Ahmed, A. Cleeve, E. (2004)

‘Tracking the Millennium Development Goals in sub-Saharan Africa’.
International Journal of Social Economics, vol. 31, no. 1-2, pp. 12-29

Besley, T. Burgess, R. (2003)
‘Halving Global Poverty’.
The Journal of Economic Perspectives, vol. 17, no. 3, pp. 3-22

Complementary Reading:

Branko, M. (2003)

‘The two faces of globalisation: against globalisation as we know it’
World Development, vol 31 no. 4 pp. 667-683

David Dollar (2005)

‘Globalisation Poverty and Inequality since 1980’. The World Bank Research Observer, Vol. 20, No. 2

Ravallion, M. and Chen, S. (2004)

‘How have the World’s Poorest Fared since the Early 1980s?’.
The World Bank Research Observer, Vol. 19 Issue 2

Week 11

Harris, R. L. (2002)
‘Resistance and Alternatives to Globalisation in Latin America and the Caribbean’. Latin American Perspectives, Issue 127, Vol 29, No. 6, pp 136-151

Hirst, P. (1997)

‘The Global Economy – Myths and Realities’.
International Affairs,Vol. 73, No. 3, pp. 409-425

Complementary Reading:

Munck, R. (2002)

‘Globalisation: Deconstruction and Beyond’.
Latin American Perspectives, Issue 127, Vol 29, No. 6, pp 24-31

Wood, A. (1998)

‘Globalisation and the Rise in Labour Market Inequalities’.
The Economic Journal, Vol. 108, No. 450, pp. 1463-1482

Reich, R. (2010)

‘Why growth is good’.
Available at http://robertreich.org/post/968048444


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