Economics: Globalization and International Production

Topics: Globalization, International trade, Economics Pages: 15 (1423 words) Published: December 14, 2013
Michał Brzozowski

INTERNATIONAL ECONOMICS
Part I
brzozowski@wne.uw.edu.pl

A Tour of the Course

International Economics

1

INTERNATIONAL TRADE:
Absolute and comparative advantage
Intra-industry trade and the New Trade Theory
The Political economy of trade
Trade policy, international trade organizations, international trade integration
INTERNATIONAL PRODUCTION:
Foreign market entry
Foreign direct investment
Migration

1

Grading

International Economics

1
The grade will be based on:
Midterm exam (December, 3rd): 10 multiple-choice questions
(5 answer alternatives) = 30 points.
Final exam: 25 multiple-choice questions (4 answer
alternatives) = 50 points.
In-class presentation in groups (up to 15 minutes in groups of 3 and up to 10 minutes in groups of 2) = 20 points OR
written solution of selected review exercises indicated by the lecturer (3 review exercises, answers have to be submitted by January 14, 2014) = 20 points.
The retake exam: 32 multiple-choice questions (5 answer
alternatives) = 80 points (+ points earned for
presentation/solutions)

Grading

International Economics

1
Details on presentation:
Choose any topic related to international trade or multinational corporations (examples: Comparative and absolute advantage
in US-China trade; Is international trade a substitute for
migration?; Trade and innovation; Trade disputes).
Refer (if possible) to the theories discussed in class.
Specify the question you are trying to answer.
Processing of data would be appreciated.
If your work is based on the existing literature, it should be a critical review.
Presenting DOES NOT MEAN READING.

2

Lecture 1

International Economics

1

Windows on the World Economy

Structure of this lecture
1

International Economics

1.

Globalization
1.1 Definition
1.2 Measurement

2.

Trends in Globalization
2.1 Episodes of Globalization
2.2 Globalization, International Trade and International
Production

3

1.1 Definition
1

1. Globalization

"Globalization can be thought of as a process (or set of
processes) which embodies a transformation of the spatial
organization of social relations and transactions."
David Held et al. 1999
"Globalization refers to all those processes by which the peoples of the world are incorporated into a single world society, global society."
Martin Albrow, 1990
"Globalization can [...] be defined as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa."

Anthony Giddens, 1990

1.1 Definition

1. Globalization

1
"The characteristics of the globalization trend include the
internationalizing of production, the new international division of labor, new migratory movements from South to North, the new
competitive environment that accelerates these processes, and the internationalizing of the state [...] making states into agencies of the globalizing world."
Robert Cox, 1994
" The term globalization is generally used to describe an
increasing internationalization of markets for goods and services, the means of production, financial systems, competition,
corporations, technology and industries.
Amongst other things this gives rise to increased mobility of capital, faster propagation of technological innovations and an increasing interdependency and uniformity of national markets", Manual on Statistics of International Trade in Services, Eurostat, IMF, OECD, UN, UNCTAD, WTO, 2002

4

1.2 Measurement

1. Globalization

1
http://globalization.kof.ethz.ch/
KOF Index of globalization (Konjunktur-forschungsstelle Swiss Economic Institute) measures the three main dimensions of
globalization:
economic, characterized as long distance flows of goods, capital and services as well as information and perceptions that
accompany market exchanges;
social, expressed as the spread of...
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