POL 642 - Governance of the World Market

3 credits
Matriculated students must be a graduate student in good standing. Non matriculated students must possess an earned bachelor The political regulation of the world market, including an introduction to the major institutions and actors involved in governing the world market. The course examines the historical development of the world market from the British gold standard, the monetary crisis of the inter(world)war period, the fixed exchange rate regime of Bretton Woods, the failure of the International Trade Organization, to the establishment of the GATT, and the move toward flexible exchange rates, UNCTAD, and the New Economic Order. The reviews contemporary events, including the failure of global Keynesianism, the Latin American debt crisis, multilateralism and regional free trade areas, and the shift from GATT to the WTO, the IMF, and the Asian crisis.