Professor R Wade, V501

For MSc Development Studies, MSc Development Management, MSc Global Politics, MSc Political Economy of Late Development, MSc Media, Communication and Development, MSc Management (two-year) and MSc International Political Economy only. This course and DV424 (Global Political Economy of Development, II) are complements. The two half-unit courses should be taken in sequence.

The course examines the political economy of 'North-South' relations, focusing on how changes in the international policy framework level affect developing countries' economic trajectories and national-level strategies for interaction with the global economy. It covers the focus on the performance of the world economy as a whole; international systems of production, trade, and finance; and the rules or regimes which govern interaction between economies, states and firms (regimes such as Bretton Woods, and the Post Bretton Woods dollar standard). In contrast to most thinking in international political economy, it looks at these things from the perspective of the low and middle-income countries (in the spirit of the Swahili proverb, “Until lions have their own historians the history of hunting will be written from the perspective of the hunter”).

Ten lectures and nine seminars in MT.

Students will write one essay of 2,000 words.

Core texts: John Ravenhill (ed), Global Political Economy, 2nd edition, OUP, 2008.

A two-hour examination in the ST (100%).