Globalization and the World Economy provides an overview of the broad economic trends in the development of the world economy since the second world war. The course will address the major debates relating to economic interdependence, economic development and growth, the patterns of international trade and investment, global financial markets, natural resource scarcity, and the role of major multilateral economic institutions such as the World Bank and IMF. The course will also introduce some of the main economic theories which have played a significant role in these debates. The material presented in this course will appeal to anyone looking for a deeper understanding of contemporary world events in the economic, political and social spheres.
- Facts relating to the global economy in the 21st century
- Review of economic concepts relating to markets
- Overview of world trade
- Protectionism vs free trade
- Commercial Policy since the second world war
- Foreign direct investment and locational competition between governments
- Economic growth, income distribution, poverty and population growth
- Energy and the world oil market
- Global financial markets
- World monetary system and financial imbalances
- Global warming and Kyoto
- The global information economy
Methods of Instruction
Lecture and discussion.
Means of Assessment
|| 0% - 20%
|| 0% - 30%
|| 0% - 20%
||20% - 40%
||20% - 40%
The student will be able to:
- Describe the state of the world economy at the beginning of the 21 st century;
- Explain the issues surrounding the debate over protectionism vs free trade;
- Outline the major international agreements governing commercial policy;
- Explain the major issues associated with direct foreign investment;
- Analyze the issues associated with economic growth, income distribution and poverty, and population growth;
- Explain the growth of global financial markets;
- Evaluate the role played by major multilateral institutions such as the IMF and World Bank.
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester/year of the course, consider the previous version as the applicable version.
Below shows how this course and its credits transfer within the BC transfer system.
A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.
For more information on transfer visit the BC Transfer Guide and BCCAT websites.
If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.