The Global Economy

Course Description

Examines changes associated with globalization since World War II, including changes in technology, urbanization, finance, markets, lending, the internationalization of production, the organization of work, and power relations among nations and world cultures. Investigates both theories of and popular responses to the new global economy.

Learning Outcomes

• Analyze the impact of a market economy on subsistence economies and households.
• Analyze the strengths and weaknesses of limited corporations.
• Evaluate the development paths of ‘third’ world nations in regards to comparative advantage.
• Clarify the causes and forms of rural-urban migration in the periphery.
• Explain the growth and geographical shift of transnational production since World War II.
• Differentiate the major forms of international lending.
• Explain the goals and impact of IMF and World Bank lending policies.
• Assess the potential costs and benefits of international tourism to third-world countries and peoples.
• Identify the main tenets of alternative economic systems to neo-liberal economic globalization.
• Theorize a global economic system that can create the conditions needed for the realization of the common good and the preservation of the environment.

Prerequisites

• ENG240