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Global Economy, The: Contemporary Debates
Thomas Oatley, University of North Carolina-Chapel Hill

ISBN-10: 0321243773
ISBN-13: 9780321243775

Publisher: Longman
Copyright: 2005
Format: Paper; 464 pp
Published: 11/04/2004

Suggested retail price: $57.40
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The Global Economy: Contemporary Debates introduces students to contemporary issues in the global economy by presenting a series of provocative articles written by prominent voices.

This innovative text examines attempts to shape opinion and influence public policy rather than simply surveying academic literature or promoting a theoretical argument.

There is no other text quite like this on the market–most texts discuss theoretical aspects while Oatley challenges students to take a perspective. This debate-style approach encourages students to think actively and develop a point of view.

  • Debate-style approach that encourages students to think actively about the subject and develop a point of view.
  • "Review and Discussion Questions" at the end of each reading, encourage critical thinking skills and provide a springboard for class discussion.
  • "For Further Study" links to web resources that allow the reader to explore the debates in more depth.



I. THE ECONOMIC IMPACT OF INTERNATIONAL TRADE.


1. Issue: Trade and Jobs in the United States.

Robert E. Scott. 2002. “Fast Track to Lost Jobs,” Economic Policy Institute Briefing Paper.

Douglas A. Irwin. 2002. “The Employment Rationale for Trade Protection,” in Free Trade Under Fire (Princeton: Princeton University Press), pages 70-90.



2. Issue: Mexico and the North American Free Trade Agreement.

John Cavanagh, Sarah Anderson, Jaime Serra, and Enrique Espinosa. 2002. “Happily Ever NAFTA?” Foreign Policy (September/October): 58-65.



3. Issue: Trade and Economic Development.

David Dollar and Art Kraay. 2002. “Spreading the Wealth,” Foreign Affairs (January/February): 120-133.

Dani Rodrik. 2001. “Trading in Illusions,” Foreign Policy (March/April).



II. THE WORLD TRADE ORGANIZATION.


4. Issue: The Doha Round.

“The Doha Round: The WTO Under Fire,” The Economist. (September 20, 2003) Vol. 368 Issue 8342 pages 26-28.

Jagdish Bhagwati. 2004 “Don't Cry for Cancún,” Foreign Affairs 83 (Jan/Feb): 52-63.



5. Issue: The World Trade Organization and the Environment.

Michael M. Weinstein and Steve Charnovitz. 2001. “The Greening of the WTO,” Foreign Affairs 80 (November/December): 147-156.

Lori Wallach and Michell Sforza. 1999. “The WTOs Environmental Impact,” from Whose Trade Organization? Corporate Globalization and the Erosion of Democracy. Washington, D.C.: Public Citizen.



6. Issue: The World Trade Organization and Political Legitimacy.

Daniel C. Esty. 2002. “The World Trade Organizations Legitimacy Crisis,” World Trade Review 1 (1): 7-22.

David Henderson. 2002. “WTO 2002: Imaginary Crisis, Real Problems,” World Trade Review 1 (3): 277-296.



7. Issue: Regionalism and Multilateralism in American Trade Policy.

Ambassador Robert B. Zoellick. 2003. “Unleashing the Trade Winds: A Building-block Approach,” U.S. Foreign Policy Agenda: An Electronic Journal of the U.S. Department of State 8 (August): 16-20. http://usinfo.state.gov/journals/itps/0803/ijpe/pj81zoellick.htm

Bernard K Gordon. 2003. “A High-Risk Trade Policy,” Foreign Affairs 82 (Jul/Aug): 105-118.



III. MULTINATIONAL CORPORATIONS IN THE GLOBAL ECONOMY.


8. Issue: Multinational Corporations and the Race to the Bottom.

Debora Spar and David Yoffie. 1999. “Multinational Enterprises and the Prospects for Justice,” Journal of International Affairs, 52 (Spring): 557-81.

Daniel W. Drezner. 2000. “Bottom Feeders,” Foreign Policy (November/December): 64-70.



9. Issue: Global Production and Sweatshops.

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Paul Krugman. 1997. “In Praise of Cheap Labor: Bad Jobs at Bad Wages are Better than No Jobs at All,” Slate March 27.

John Miller. 2003. “Why Economists Are Wrong About Sweatshops and the Anti-Sweatshop Movement,” Challenge 46 (January/February): 93-122.



10. Issue: Regulating Multinational Corporations.

Gary Gereffi, Ronie Garcia-Johnson, and Erika Sasser. 2001. “The NGO-Industrial Complex,” Foreign Policy 125 (July/August): 56-65.

Daniel Litvin. 2003. “Needed: A Global Business Code of Conduct,” Foreign Policy - 139 (November/December).



IV. EXCHANGE RATES.


11. Issue: Strong Dollar or Weak Dollar?

Lawrence Lindsey. 2001. “In the Dollar We Trust,” International Economy 15 (March/April): 6-9, 52.

C. Fred Bergsten. 2001. “Strong Dollar, Weak Dollar,” International Economy 15 (July/August): 8-10, 40-41.



12. Issue: The Dollar versus the Euro?

Patricia S. Pollard. 2001. “The Creation of the Euro and the Role of the Dollar in International Markets,” Federal Reserve Bank of St. Louis Review 83 (September/October): 17-36.

C. Fred Bergsten. 1997. “The Dollar and the Euro,” Foreign Affairs 76 (July/August): 83-95.



13. Issue: Developing Countries and Dollarization.

Ricardo Hausmann. 1999. “Should There Be 5 Currencies or 105?” Foreign Policy (Fall): 65-79.

Jeffrey Sachs and Felipe Larrain. 1999. “Why Dollarization is More Straightjacket Than Salvation,” Foreign Policy (Fall): 80-92.



V. DEVELOPING COUNTRIES AND CAPITAL FLOWS.


14. Issue: Developing Countries and Capital Flows.

Jagdish Bhagwati. 1998. “A Capital Myth,” Foreign Affairs 77 (May/June): 7-12.

Sebastian Edwards. 1999. “A Capital Idea,” Foreign Affairs 78 (May/June): 18-22.



15. Issue: The International Monetary Fund.

Joseph Stiglitz. 2000. “What I Learned at the World Economic Crisis,” The New Republic April 17.

Kenneth Rogoff. 2003. “The IMF Strikes Back,” Foreign Policy (January/February): 38-46.



16. Issue: Debt Relief.

Jeffrey D. Sachs 2002. “Resolving the Debt Crisis of Low-Income Countries,” Brookings Papers on Economic Activity, 1: 1-28.

William Easterly. 2002. “Forgive Us Our Debts,” in The Elusive Quest for Growth: Economists Adventures and Misadventures in the Tropics (Cambridge: MIT Press), pages 123-137.



17. Issue: Foreign Aid.

David Dollar. 2003. “Eyes Wide Open: On the Targeted Use of Foreign Aid,” Harvard International Review 25 (Spring): 48-52.

William Easterly. 2002. “The Cartel of Good Intentions,” Foreign Policy (July/August): 40-44.



VI. GLOBALIZATION.


18. Issue: Globalization: Why Now, and What Impact?

Robert J. Dunn Jr.. 2001. “Has the U.S. Economy Really Been Globalized?” The Washington Quarterly (Winter): 53-64.

Jeffrey D. Sachs. 2000. “The Geography of Economic Development,” Naval War College Review Autumn 2000:93105.



19. Issue: Globalization and Governance.

Robert Wright. 2000. “Continental Drift,” New Republic 222 (January 17): 18-23.

Martin Wolf. 2001. “Will the Nation-State Survive Globalization?” Foreign Affairs 80 (Jan/Feb): 178-190.

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Oatley, The Global Economy: Contemporary Debates

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