The University of Sheffield
Department of Politics

Taught Masters Modules: POL612 - The Political Economy of Globalisation

Level: MA
Credits: 30

Module Leader: Professor Colin Hay

Description

In recent years globalisation has commanded the increasing attention of publics, policy-makers and academics alike, becoming an integral part of the academic, political, economic and lay vernacular. Unremarkably, it has generated a vast and diverse literature. The purpose of this module is to offer an advanced level of understanding of this literature and the attendant issues it raises. Students will unpack this substantial body of theory, research and empirical evidence to assess: (i) the extent (if any) of the break that ‘globalisation’ marks with the past; (ii) the distinct and often contradictory processes that interact to produce the effects referred to as ‘globalisation’; (iii) the degree to which the parameters of the politically and economically possible have been reconfigured by such processes; and (iv) the possibilities for effective and democratic global governance in this context.

The course begins with a general introduction to our understandings of globalisation, reviewing the literature on and evidence for economic globalisation. In the second section of the course, the impact of globalisation on the autonomy and sovereignty of the nation-state, the relationship between globalisation and regionalisation and the policy implications of globalisation are the focus of attention. The extent to which globalisation can be held accountable democratically and the implications of the global financial crisis are consistent themes of the course.

Objectives

By the end of the module, students will be able to:

Assessment