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2011/2012  BA-BLC_3GEG  Global Economic Governance

English Title
Global Economic Governance

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Elective
Level Bachelor
Duration One Semester
Course Period Autumn
Time Table Please see course schedule at e-Campus
Study Board
Study Board for BSc og MSc in Business, Language and Culture
Course Coordinator
  • Duncan Wigan - Department for Business and Politics
Secretary Henriette Møller Christensen - hmc.stu@cbs.dk
Main Category of the Course
  • Globalization, International Business, markets and studies
  • Organization
  • Political leadership, public management and international politics

Taught under Open University-Taught under open university.
Last updated on 29 maj 2012
Learning Objectives
At the end of the course students should be able to

• To describe and compare relevant theories of governance and international political economy
• To apply the theories to empirical issues of global governance such as trade, finance, monetary arrangements and economic development and transition
• To account for the institutional structure, purpose, and functions of the studied international organizations and agencies
• To draw out and critically discuss relevant policy implications
No special requirements. The course is an introduction to international organizations. Theory, methodology and case studies are slowly introduced and no prior knowledge is required
Global Economic Governance:
Assessment Home Assignment
Marking Scale 7-step scale
Censorship Internal examiners
Exam Period December/January
Aids Please, see the detailed regulations below
Duration 48 Hours
The course concludes with an 5 pages essay written on an individual basis. The essay is based on questions that relate to the course literature and must be submitted at the end of a 48-hour intensive work period.
Course Content

This course examines methods by which international economic organizations seek to influence the world economy by reforming how states interact with markets. Using an approach grounded in institutional analysis and political economy, the course gives participants a thorough understanding of the institutional structure, purpose, and functions of the International Monetary Fund (IMF), the World Bank, the United National Development Programme (UNDP), the Organisation for Economic Cooperation and Development (OECD), the World Trade Organisation (WTO), the Bank for International Settlements (BIS), and private Credit Rating Agencies (CRAs).

Particular attention is given to the institutional processes by which these organizations seek to reform economic sectors within an economy, and on the political and social consequences of economic transformation. We explore themes of industrial policy, finance, and private sector development assistance in developing countries before turning to case study examples from international economic organizations. We examine case study examples from a variety of IOs for this purpose. We also consider interaction between international economic organizations and advanced industrialized states. The course helps students to develop their knowledge of how international economic organizations work in theory and practice to transform global economic governance.

Teaching Methods
Lectures and class room discussion

Robert O’Brien and Marc Williams (2004) Global Political Economy: Evolution and Dynamics, London: Palgrave Macmillan.

John Ravenhill (2004) Global Political Economy, Oxford: Oxford University Press.

Richard Stubbs and Geoffrey R. Underhill (2000) Political Economy and the Changing Global Order, 2nd edition, London: Macmillan.

Robert Gilpin (2001) Global Political Economy, Princeton: Princeton University Press.

Susan Strange (1994) States and Markets, second edition, London: Pinter Press.