International relations

Contemporary Issues in the Global Political Economy

Module code: M1529ADUD
Level 6
30 credits in autumn teaching
Teaching method: Seminar
Assessment modes: Not yet finalised

The central theme running through this module is how the architecture of existing capitalism has to be adjusted or brought into balance with the needs of expanding markets. We begin by looking at attempts by global governance institutions like the WTO (World Trade Organisation) to create a largely deregulated world market. We then examine how financial systems are expanding and how the stock market has become a key institution of modern capitalism. We discuss then the changing nature of multinational corporations and the state as they reorient themselves towards a global market. We examine empirically the post-Cold War expansion of capitalism into Eastern Europe, Central Asia and the Middle East. Finally, we analyse the most recent developments in world affairs from a political economy perspective, looking at the increasing military bias of foreign policy of major capitalist states, as well as at the changing nature of anti-capitalist protest in the wake of 9/11.