240055 SE VM1 / VM2 - International Environment and Economic Development (2019W)

Textbook:

- Krugman and Obstfeld (2008): International Economics, 8th Edition, Pearson-Addison-Wesley. (KO)

A thought-provoking essay on globalization, which touches upon many of the topics we will discuss in the course:

- Dani Rodrik (2012): The Globalization Paradox, W.W. Norton

I. Introduction

- Jeffrey Sachs (1998): “International Economics, Unlocking the Mysteries of Globalization,” Foreign Policy.
- John Williamson (1990): “What Washington Means by Policy Reform,” Chapter 2 from Latin American Adjustment: How Much Has Happened?
- Stanley Fischer (2003): “Globalization and Its Challenges,” American Economic Review, Vol. 93, No. 2.
- Joseph Stiglitz (2005): “Development Policies in a World of Globalization,” in Putting Development First: The Importance of Policy Space in the WTO and International Financial Institutions, Kevin P. Gallagher (ed.), New York: St Martin's Press.
- William Easterly (2007): “Globalization,” in Steven Durlauf and Marcel Fafchamps: Palgrave Dictionary of Economics.

II. Trade

- KO: Chapters 3, 5, 8-11.
- F. Bourguignon and C. Morrisson (1990): “Income Distribution, Development, and Foreign Trade,” European Economic Review, 34, pp. 1113-1132.
- Rudiger Dornbusch (1992): “The Case for Trade Liberalization in Developing Countries,” Journal of Economic Perspectives, Vol. 6, No. 1.
- Paul Krugman (1987): “Is Free Trade Passé?” Journal of Economic Perspectives, 1(2).
- Mancur Olson (1971): The Logic of Collective Action, Harvard University Press. Introduction and Chapter 1.
- Kevin O'Rourke and Jeffrey G. Williamson (1994): “Late Nineteenth-Century Anglo-American Factor-Price Convergence: Were Heckscher and Ohlin Right?” Journal of Economic History, Vol. 54, No. 4.
- Dani Rodrik (2001): “The Global Governance of Trade as if Development Really Mattered,” United Nations Development Programme.
- Ronald Rogowski (1989): Commerce and Coalitions. How Trade Affects Domestic Political Alignments, Princeton University Press.
- Debraj Ray (1998): Development Economics, Princeton University Press: Chapters 16-18.
- Adam Smith (1776): The Wealth of Nations, Liberty Fund, Book I, Chapters 1-3.
- Joseph Stiglitz and Andrew Charlton (2005): Fair Trade for All, Oxford University Press, Chapters 2-4, 13.
- Joseph Stiglitz (2002): Globalization and Its Discontents, Penguin, Chapter 3.

III: Foreign direct investment

- Pol Antràs (2003): “Firms, Contracts, and Trade Structure,” Quarterly Journal of Economics, 118 (4), 1375-1418.
- Lael Brainard (1997): “An Empirical Assessment of the Proximity-Concentration Trade-off between Multinational Sales and Trade,” American Economic Review, September, 87(4), 520-44.
- Ronald Coase (1937): “The Nature of the Firm,” Economica, pp. 386-405.
- J. Carluccio, A. Cuñat, H. Fadinger and C. Fons-Rosen (2014): “Offshoring with Heterogeneous Firms,” unpublished manuscript.
- William Easterly (2001): The Elusive Quest for Growth, MIT Press, Chapter 8.
- Elhanan Helpman, Marc J. Melitz and Steven Yeaple (2004): “Export versus FDI with Heterogeneous Firms,” American Economic Review, 94: 300-316.
- Oliver Williamson (2008): “Transaction Cost Economics,” in Claude Menard and Mary M. Shirley (eds.), Handbook of New Institutional Economics, Springer.

IV. Financial flows

- KO: Chapters 7 (including Appendix 2), 12-14, 21, 22.
- William Easterly (2001): The Elusive Quest for Growth, MIT Press, Chapters 6, 7.
- William Easterly (2002): “How Did Heavily Indebted Poor Countries
Become Heavily Indebted? Reviewing Two Decades of Debt Relief,” World Development, Vol. 30, No. 10.
- Barry Eichengreen (1996): Globalizing Capital, Princeton University Press.
- Barry Eichengreen (20xx): Financial Crises and What to Do about Them.
Maurice Obstfeld (1999): “The Global Capital Market: Benefactor or Menace?” Journal of Economic Perspectives.
- E. Prasad, K. Rogoff, S. Wei and A. Kose (2003): “Effects of Financial Globalization on Developing Countries: Some Empirical Evidence,” IMF Occasional