Economics and history of globalization

A.Y. 2021/2022
9
Max ECTS
60
Overall hours
SSD
SECS-P/12
Language
Italian
Learning objectives
The course addresses the complex reality of globalization considering its causes, dynamics and effects from a historical and economic perspective, from the nineteenth century to the beginning of the twenty-first century. In particular, a number of issues are discussed, such as the causal role played by the 'invisible hand' of the market, the political economies of states and the interests of multinationals, and the positive and negative effects on levels of wealth and economic and social inequality.

The objectives of the course are:
- to stimulate reflection and self-judgment on the current process of globalization, through the acquisition of knowledge of the main concepts, themes and dynamics of international economic history, politics and economic relations in the various space-time contexts, from the globalization of the nineteenth century to the one started in the the 1980s;
- educate from the point of view favoring decentralization and to reflect on economic phenomena based on categories of cause/effect, analogy/difference, permanences/changes and on these bases understand and eventually assess;
- raise awareness of the complexities of the process and the variables at stake, considering the role played by economic policies, businesses, the market in promoting or slowing down globalization and the positive or negative effects it can have in different geopolitical areas.
Expected learning outcomes
By the end of the course, students will need to:
- have acquired knowledge of the basic historical and economic concepts, the main dynamics of the economy and the history of globalization in the different space-time contexts;
- know the periodizations, phenomena and key events;
- be able to interpret data and information (including tables and graphs) concerning the history of a given economy, linking facts and phenomena and capturing the interrelationships between the different historical aspects (economic, social, political and institutional);
- be able to apply knowledge and understanding to the analysis of the current process of globalization, expressing adequately argued assessments;
- know how to communicate their knowledge in a clear, coherent and organic way, using the appropriate terminology and discipline-specific concepts.
Course syllabus and organization

Single session

Responsible
Lesson period
First semester
More specific information on the delivery modes of training activities for academic year 2021/22 will be provided over the coming months, based on the evolution of the public health situation.
Course syllabus
Globalisation: an irreversible process? A phenomenon due to the "invisible hand" of the market or driven by the economic policies of the states and the interests of companies? Towards a richer, freer and more equitable world, or a source of inequalities, social and ecological problems? The course deals with the complex reality of globalisation, considering its causes and effects from a historical-economic perspective, from the 19th century to the beginning of the 21st century.
The course is organised in three sections on specific topics. Part A will analyse nineteenth-century globalisation, with the expansion of the international circulation of goods, capital, people. Europe and the competition between states had a decisive role in building a new world economy, which seems to organise itself on the centre-periphery model. Several factors contributed to the growing integration: industrialisation and the transport revolution, international capital investments, mass migration, but also the forced opening of the markets of China and Japan, the construction of the British Empire, the colonisation of Africa. In the last decades of the century, the interconnection of economies also leads to the first deep international depression.
Interrupted by the First World War, the globalisation of economies resumed in the second post-war period in a new bipolar world order dominated by the US and the USSR. In this context, Part B will compare the planned economies (USSR and China) to the capitalist ones and will deal with the economic development of the USA, the European and Japanese economic miracles, along with those of the so-called "Asian tigers". The lectures will then examine the crucial transition (from the beginning of the Seventies), from the hegemony of Keynesian economic policies to the rise of neoliberal theories, which promote a new phase of liberalisation of economies.
Part C will focus on the last decades of the 20th century, when Latin American countries, China, India, the former Soviet Union, the European Union, modify their economic policies towards an ever greater opening to foreign investments and international trade, promoting the development of multinationals (whose size grows enormously) and the financialisation of the economy. The new globalisation, strengthened since the 1990s by the internet revolution and the extension of neoliberal policies, brings greater well-being for some social groups, but also an increase in inequalities, instability, international financial crises, while, after the pandemic, it seems possible that a contraction and restructuring of the globalisation process will take place.
Prerequisites for admission
For a successful attendance to the course, the enrolling student should have acquired basic knowledge in Modern and Contemporary History. However, this is not a compulsory prerequisite.
Teaching methods
The course topics will be addressed through lectures, integrated by study materials (maps, tables, graphs, articles, websites, video) that the teacher will make available from time to time on the website Ariel of the course.
Attendance, although not mandatory, is strongly recommended. Attending students must know the contents of all the 30 lessons.
Teaching Resources
Examination program for attending students (also Erasmus)
6 CFU exam (Parts A and B);
- Course notes;
- Teaching materials provided during the lessons and available on the Ariel website;
- AA.VV., Il mondo globale. Una storia economica, Torino, Giappichelli, 2017, pp. 47-330.

9 CFU exam (Parts A, B, C)
- Course notes;
- Teaching materials provided during the lessons and available on the Ariel website:
- AA.VV., Il mondo globale. Una storia economica, Torino, Giappichelli, 2017, pp. 47-330
- Steger M. B., La globalizzazione, Bologna, Il Mulino, 2016, from p. 43 forward.

Examination program for non-attending students
6 CFU exam:
1) AA.VV., Il mondo globale. Una storia economica, Torino, Giappichelli, 2017, together with:
2) Steger M. B., La globalizzazione, Bologna, il Mulino, 2016

9 CFU exam:
1) - AA.VV., Il mondo globale. Una storia economica, Torino, Giappichelli, 2017,
2) Steger M. B., La globalizzazione, Bologna, Il Mulino, 2016 together with one text chosen among the following:
- Storia economica globale del mondo contemporaneo (Carlo Fumian and Andrea Giuntini eds.), Carocci, 2019
- Steger M.B, Roy R.K., Neoliberalism. A very short introduction, Oxford-N.Y., Oxford University Press, 2010
- additional elective readings will be indicated on the Ariel site over the coming months


Program for Erasmus students in English
If requested, incoming Erasmus students may take the exam in English with the following bibliography. Please, e-mail the teacher to agree on the exam program:
6 CFU Exam in English
1) The Global economy. A concise history, N.Y-Torino, Routledge-Giappichelli, 2019
2) Steger M.B., Globalization. A very short introduction, Oxford, Oxford University Press, 2020 (NEW EDITION)

9 CFU Exam in English
1) The Global economy. A concise history, N.Y-Torino, Routledge-Giappichelli, 2019
2) Steger M.B., Globalization. A very short introduction, Oxford, Oxford University Press, 2020 (NEW EDITION)
3) Steger M.B, Roy R.K., Neoliberalism. A very short introduction, Oxford-N.Y., Oxford University Press, 2010
Assessment methods and Criteria
The final examination will be written (two hours, open questions).
The teacher will evaluate: clarity; argumentative ability; properness of terminology; completeness; correct space-time orientation; ability to link facts and phenomena.
The examination methods may vary according to the public health situation (in case of emergency they will be specified on the Ariel website).
Unita' didattica A
SECS-P/12 - ECONOMIC HISTORY - University credits: 3
Lessons: 20 hours
Unita' didattica B
SECS-P/12 - ECONOMIC HISTORY - University credits: 3
Lessons: 20 hours
Unita' didattica C
SECS-P/12 - ECONOMIC HISTORY - University credits: 3
Lessons: 20 hours
Professor(s)
Reception:
Monday 17:00-19:00 via Microsoft Teams (please, contact via e-mail the teacher to schedule an appointment))