OADI 2090 - Diplomacy and Global Economy - Global Governance in a Fragmented World Economy

***UPDATED for 2024/25***

This course offers an in-depth analysis of the key trends that are shaping global governance in a fragmented world economy and an assessment of future post-Ukrainian war scenarios. Multilateral governance has become increasingly difficult, yet never more important. Diplomacy has a renewed significance. The course gives students an understanding about the extent and limits of global cooperation in the new fragmented world economy from a variety of perspectives. The analysis considers the behavior and interests of the major actors involved: sovereign states, the EU, international institutions, multinationals and markets.

The course looks at the main current issues of the fragmented world economy and global governance; the fragmented world trade regime; Global value chain and deglobalization trends; China and the role of emerging countries; US-China tech and economic war; the Europe's place in the multipolar world economy. Lectures will develop different methodological approaches and levels of analysis. The final part comprises a simulation game that will explore different global economic scenarios.

Learning Outcomes

1. Deep understanding of basic trends of the world economy and global governance.

2. Acquire key methodological tools/concepts applied in economic diplomacy and global governance.

3. Ability to assess the main actors (social, political, economic) to be coordinated in economic diplomacy

5. Draft and discuss case studies of global governance

Professional Skills

1. Understanding the functioning of economic interdependence and integration across countries

2. Develop a pluralistic approach to global rules to strengthen the multilateral system.

3. Engage in teamwork and learn to draft a policy paper advancing policy recommendations in terms of global governance in a fragmented world economy.

Paolo GUERRIERI

Séminaire

English

- Students must attend class andy go over class notes (power point presentations). They are encouraged to ask questions and raise issues in class.

- In Class Presence: 4 hours a week / 24 hours a semester

- Online learning activities: 2 hours a week / 12 hours a semester

- Reading and Preparation for Class: 10 hours a week/ 60 hours a semester

- Research and Preparation for Group Work: 2 hours a week/12 a semester

- Research and Writing for Individual Assessments: 7 hours a week/42 a semester

No requirement. The course is designed both for economist and non-economists.

Spring 2024-2025

- Class participation (20% of the grade) - You are required to attend each class and regularly participate in discussions, on the basis of the readings assigned

- Mid-term essay (30% of the grade)

- Final exam (50% of the grade).

Midterm and final exams are take-home assignments. You will need to write an essay responding to three questions that will be proposed. .

The course will include a mix of lectures, student-led discussions and simulation game All students will receive feedback on their performance on the midterm and final exams (the midterm exam should take place between the 6th and 7th sessions of the course).