Academic year: 2014-2015
Instructor: Rodolfo Helg
Teaching assistant: Elisa Borghi
Textbooks:
(KO) P.Krugman, M.Obstfeld, M.J. Melitz, International Economics, Pearson International, 2011 ninth edition (also in Italian: Economia Internazionale, V ed. italiana, Pearson-Bruno Mondadori Paravia, 2012 - web site )
(S1) Suranovic S. "International trade theory and policy analysis", (freely available on the web).
News from : Sole XIV Ore, The Economist, Financial Times, Wall Street Journal etc.
Additional documentsform my quasi-web page: topics in international economics
NEW!! Groups for Class presentations and Timetable (please check, continuously updated)
Exam
For attending students evaluation is based on:
- class presentation (20% of final mark): Students should form 3/4 member groups. Each group should find a nickname. Members should stick to their groups throughout the course. The tasks each group is charged with is to make two class presentations on international economics/business topics found in a newspaper/magazine article.
- peer evaluation (10% of final mark)
- written exam (70% of final mark)
Non attending students: please contact the instructor
Old exams:
sample exam
in English: past exams questions
in Italian:
Esercitazione 1, Esercitazione 2
Appendice A, Appendice B
PROGRAM
* = compulsory readings
1. Introduction
* KO, 1 and 2
* WTO, World Trade Report 2008, (pg. 13-26)
* Maddison A., The world economy: a millennial perspective, OECD, 2001 (see page 27)
* class presentation (globalization)
Baldwin R. (ed.), The great trade collapse: causes, consequences and prospects, CEPR, November 2009.
Scheve K.F., M.J. Slaughter, A new deal for globalization, Foreign Affairs, July/August 2007
Ghemawat P. (Talk), "Actually the world isn't flat", June 2012, TED
The world is flat 3.0, MIT World, November 2007
Ghemawat P. (interview with), Businesses be aware: the world is not flat, Harvard Business School, Working Knowledge, October 2007. I
IMF Staff, Globalization: a brief overview, Issues Briefs, May 2008
DeBenedictis L., R.Helg, Globalizzazione, Rivista di Politica Economica, marzo-aprile 2002 (par. 2 e 3) (also as LIUC Papers No.112)
Bhagwati J., Elogio della globalizzazione, Laterza, 2005 (riassunto su Rivista di Politica Economica in italiano o in inglese)
Helg R., "Da Seattle verso il nulla. Riflessioni sui giochi anti-globalizzazione", LIUC Papers No. 70, gennaio 2000.
Bairoch P. e R.Kozul-Wright, Globalisation myths, in Kozul-Wright e Rowthorn (eds.), Transnational corporations and the global economy, Macmillan, 1998.
Feenstra R.C.,"Integration of trade and disintegration of production in the global economy", Journal of Economic Perspective, 12, 4, Fall 1998 (working paper version)
Data and information on world trade can be obtained from:
WTO, World Trade Report 2013, 2013
UNCTAD, World Investment Report 2013, 2013
UNCTAD, Trade and Development Report 2013, 2013
International trade center UNCTAD-WTO (international trade statistics)
Unione Europea, DG-Trade
Studi Economici Istituto per il Commercio Estero (ICE)
US International Trade Commission
2. Causes and consequences of international trade: the principle of comparative advantage
(differences in relative labour productivity).
* KO, 3 (IX ed. 54-60, 67-79; VII ed. 24-29, 34-48; it ed 33-41,46-63) (class presentation)
* S1, "Valuable Lessons of International Trade Theory"
(international comparison in labour productvity can be obtained from US Bureau of Labor Statistics)
Trade disputes, Economic Focus, The Economist, September 16th 2004
Ricardo D., On the principles of political economy of taxation, 1817 (London: John Murray, Albemarle-Street), (in chapter 7, paragraph 16Ricardo introduces the principle of comparative advantages)
3. Causes and consequences of international trade: the principle of comparative advantage
(differences in relative factor endowments).
* KO, 5 (IX ed. 110-118; 119-134; VII ed. chpt 4, 50-57, 61-77; it ed. 69-78, 82-103) (class presentation)
* First among unequals, The Economist, January 15th 1994.
Epifani P., Il teorema HO, mimeo 1998
4. Trade, growth and the terms of trade
KO 5 (VII ed. 84-95; it ed.111-125) (class presentation)
Hernandez Z., Industrial policy in East Asia: in search for lessons, Background Paper, World Development Report 2005, September 2004
Bailey M.N., The sources of economic growth in OECD countries: a review article, International Productivity Monitor, No 7, Fall 2003
Dollar D., A.Kray, Trade, growth and poverty, Finance&Development, September 2001, 38, 3.1
Roubini N., What Causes Long Run Growth? The Debate on the Asian Miracle, 1998
Crafts N., "East Asian growth before and after the crisis" IMF Staff Papers, 46, 2, June 1999
5. Causes and consequences of international trade: imperfect competition and economies of scale.
* KO, 6 (VII ed. 110-131, 136-144; it ed. 145-172,178-188) (IX ed chpt 8 185-201)
(class presentation Krugman model)
Jepma C., H.Jager, E.Kamphuis, Introduction to international economics, Longman 1996, (cap.3.4.3 The Porter analysis)
Salvatore D., Economia Internazionale, vol. 1, Etas, 2002 (pg. 211-217).
Porter M.P., The competitive advantage of nations, Harvard Business Review paperback No.90079,
6. International mobility of production factors
- Foreign direct investments
* class presentation
Barba-Navaretti G., A.J. Venables, Multinational firms in world economy, Princeton University Press, 2004 (cap 1, lucidi)
(ora anche in edizione italiana: Le multinazionali nell'economia mondiale, 2006, Il Mulino)
KO, 7 (VII ed. 157-165; it. ed. 181-194). (IX ed chpt 8 210-217)
UNCTAD, World Investment Report 2011, 2011 (Country Fact Sheet: Italy)
OECD, FDI statistics.
OECD, The OECD guidelines for multinational enterprises
- Migrations
KO, chpt 7
Borjas G.J., Immigration, voice for The Coincise Encyclopedia of Economics
OECD, International migration web site.
Coppel J., J.C.Dumont, I. Visco, Trends in immigration and economic consequences, OECD WP No. 284, June 2001.
Chiswick B.R., T.J. Hatton, International Migration and the Integration of Labor Markets, (prelim. version) in Bordo, Williamson, Taylor, Globalisation in Historical Perspective, Un. of Chicago Press, 2003
Livi Bacci M., "La questione migratoria" in Economia Italiana, 2, 2000, maggio-agosto.
7. Trade policy instruments
* KO, 8 (IX ed chpt 9 pg. 222-232) (class presentation)
OECD, Trade facilitation: the benefits of simpler, more transparent border procedure, Policy Brief, August 2003
8. The debate on free trade
* KO, 9 , 10, 11 (IX ed chpts 10-11-12) (class presentation)
Georgiades G., J. Gräb, Growth, real exchange rates and protectionism since the financial crises, VOXEu, December 2013
Bharadwaj P., L.Lakdawala, N. Li, Perverse consequences of well-intentioned regulation: evidence from India's child labour ban, VoxEU, December 2013
Bailey M.N., R.Z. Lawrence, Don't blame trade for US job losses, The McKinsey Quarterly, 2005 No.1
Irwin D., A Brief History of International Trade Policy, Contributors' Forum, November 2001, The Library of Economics and Liberty
Rodrik D., Has globalization gone too far ?, in California Management Journal, 1997.
Krugman P., Making sense of the competitiveness debate, in Oxford Review of Economic Policy, Autumn, 1996.
9. International economic integration I: the multilateral approach
* KO, 9 (IX ed chpt 10) (class presentation)
WTO, Understanding the WTO, July 2011, (9-14, 23-24, 101-111)
Bhagwati J., Dawn of a New System, Finance&Development, December 2013
Hoekman B., S. Jackson, Reinvigorating the trade policy agenda: Think Supply Chain, VoxEu January 2013
Tokarick S., Trade issues in the Doha Round: dispelling some misconceptions, IMF PDP 06/04
Panagariya A., Agricultural liberalization and the least developed countries: six fallacies, World Economy; Global Trade Policy 2005
Helg R., L.Salvatici, L'OMC e la scommessa di Hong Kong, La Voce, dicembre 2005
10. International economic integration II: preferential trade agreements
KO, 9 (IX ed chpt 10)
OECD, Regionalism and the multilateral trading system, Policy Brief, August 2003
OECD, Regional Trade Agreements web site
Bhagwati J., D.Greenaway, A.Panagariya, "Trading preferentially: theory and policy", The Economic Journal, 108, July, 1998.
Ethier W.J., The new regionalism, The Economic Journal, 108, July, 1998.
Bagwell K., R.W.Staiger, "Will preferential agreements undermine the multilateral trading system ?", The Economic Journal, 108, July, 1998.
11. Trade patterns: Italy and EU
Hassan F., G.I.P. Ottaviano, Productivity in Italy: the great unlearning, VoxEU, November 2013
Borghi E., R. Helg, Il modello di specializzazione italiano per classi d'imprese, cap 8, pg 299-306 in ICE, L'Italia nell'economia internazionale, Rapporto 2010-2011, luglio 2011
R.Helg, La specializzazione anomala dell'economia italiana, La Voce, 4 febbraio 2003
OECD, Economic Survey of Italy, Overview, 2011.
S.Chiarlone, R.Helg, "Il modello di specializzazione internazionale italiano e le economie emergenti dell'Estremo Oriente", versione provvisoria, novembre 2001 (versione definitiva in Progetto 2002: La competitività dell'Italia, volume "Le imprese", a cura di G.P. Galli e L. Paganetto, Il Sole XXIV Ore, 2002).
Helg R., "Italian districts in the international economy", LIUC Papers No:68, novembre 1999.
Epifani P., Sulle determinanti del modello di specializzazione internazionale dell'Italia, Politica Economica 1999, agosto, No.2 (pag 195-202) (anche LIUC Papers No:51 pag 1-4).
