Economics 137: World Economic History
Office Hours: Tu/Th 3:30-4 p.m. or by appointment, 221P Lucas Hall
COURSE OUTLINE, READINGS, & DISCUSSION QUESTIONS
Tuesday, Mar. 31 Course Organization & Overview
Brad DeLong, "The Shape of Twentieth Century Economic
History", pp.1-22
Begin reading Edward Bellamy, Looking Backward
Thursday, Apr. 2 Divergence, Convergence, and the Charmed Circle
Lant Pritchett, "Divergence, Big Time"
Journal of Economic Perspectives (Summer 1997)
Moses Abramovitz, "Catching Up Forging Ahead,
and Falling Behind," Journal of Economic History 46 (1986),
pp.385-406
Discussion Questions: Lecture
2
Letter of Introduction due
Tuesday, Apr. 7 The First Age of Globalization: People, Goods, and Capital
O'Rourke and Williamson, "When Did
Globalization Begin?" pp. 1-7, 15-20
Baldwin and Martin, Two Waves
of Globalization
Michael Bordo, "Globalization
in Historical Perspective,"Business Economics, pp.20-9
Discussion Questions: Lecture
3
Thursday, Apr. 9 Globalization and Convergence
Williamson, Jeffrey G. "Globalization, Convergence,
and History," Journal of Economic History 56, no.2 (1996),
pp.277-306
Brad DeLong and Steve Dowrick "Globalization
and Convergence"
Finish reading Edward Bellamy, Looking Backward
Discussion Questions: Lecture 4
Tuesday, Apr. 14 The International Monetary System before 1914
Eichengreen, Globalizing Capital, Chapters 1 & 2, pp.1-44
Mitchener and Weidenmier, "Supersanctions and
Sovereign Debt Repayment"
Mitchener and Weidenmier, "Are Hard Pegs
Credible in Emerging Markets? Lessons from the Classical Gold Standard"
Discussion Questions: Lecture
5
Thursday, Apr. 16 Disintegration & Reconstruction of the International
Economy
Eichengreen, Globalizing Capital, Chapter 3, pp.45- 68
Jeffrey Frieden, "Overview of 1914-1939:
Things Fall Apart," Chapter 2A, pp.1-15
Niall Ferguson, "Sinking
Globalization"
Discussion Questions: Lecture
6
Term Paper Idea Due
Tuesday, Apr. 21 The Great Depression
Eichengreen, Globalizing Capital, Chapter 3, pp.68-92
C. Romer, "The Nation in Depression,"
Journal of Economic Perspectives, 7(2), 1993, pp.19-39.
Eichengreen, "The Origins and Nature of the
Great Slump Revisited"
Discussion Questions Onset
& Deepening
Thursday, Apr. 23 Recovery from the Great Depression & Political Reaction
Eichengreen & Sachs, "Exchange
Rates and Recovery in the 1930s"
Jeffrey Frieden, “1914-1939: Autarkies,”
Chapter 2D, pp.1-27
Christina Romer, "Lessons from the
Great Depression for Economic Recovery in 2009"
Discussion Questions: Recovery
& Political Reaction
Globalization Paper topic due
Tuesday, Apr. 28 Postwar Growth Experiences: Europe & the Japanese Miracle
Brad De Long, "Postwar European Exceptionalism:The Economic Dimension"
Available from his website at:
http://econ161.berkeley.edu/Econ_Articles/ucla/ucla_marshall2.html
De Long and Eichengreen, "The Marshall Plan
as a Structural Adjustment Program"
Edward Lincoln, Japan: Facing Economic Maturity (Brookings, 1987), Chapter
2, pp.14-62
Tetsuji Ozazaki, "The
Government-Firm Relationship in Postwar Japan: The Success and Failure of
Bureau Pluralism," in Joseph Stiglitz and
Shahid Yusuf (eds.), Rethinking the East Asian Miracle (Oxford University
Press, 2001) Chapter 8, pp.323-342.
Discussion Questions (1) Europe
Thursday, Apr. 30 The Asian Growth Miracle
Dani Rodrik, "Getting
Interventions Right: How South Korea and Taiwan Grew Rich," Economic
Policy 20, 1995, pp.55-107
Discussion Questions: NICS
Discussion Questions: Japan
Midterm: Pick up from Class
Tuesday, May 5 The Rise and Fall of Bretton Woods
Eichengreen, Globalizing Capital, Chapter 4, pp.93-135
Midterm Due
Thursday, May 7 European Economic and Monetary Integration
Eichengreen, Globalizing Capital, Chapter 4, pp.136-87
Philip R. Lane, “The Real Effects
of European Monetary Union,” Journal of Economic Perspectives
20 (Fall 2006), pp.47-66
Kathryn Dominguez, “The European Central
Bank, the Euro, and Global Financial Markets,” Journal of Economic
Perspectives 20 (Fall 2006), pp. 67-88
Tuesday, May 12 Decline of the Soviet Union
Richard Ericson, "The Classical Soviet-Type Economy:
Nature of the System and Implications for Reform," Journal of
Economic Perspectives 5 (Fall 1991), pp.11-28
Discussion Questions
Soviet Union
Thursday May 14 No Class (Finish Globalization Papers)
Tuesday May 19 Eastern European Transition & German Unification
Eichengreen, The European Economy
Since 1945, pp.294-334 & missing
page from Eichengreen reading
Michael Berlemann & Marcel Thum, "Blooming
Landscapes in East Germany?"
Globalization Paper Due
Thursday, May 21 Emerging Market Crises & IMF Responses: Asia's Crisis
Eichengreen, Globalizing Capital, Chapter 5, pp.181-91 & Chapter 6,
pp.192-7
Andrew Berg, "The Asia Crisis:
Causes, Policy Responses, and Outcomes"
IMF, "Recovery
from the Asian Crisis and the Role of the IMF"
Stanley Fischer, "The
IMF and the Asian Crisis"
Discussion Questions
Lecture Slides
Tuesday, May 26 Institutions, Growth, & Volatility in Latin America
Jeromin Zettelmeyer, "Growth and Reforms in
Latin America: A Survey of Facts and Arguments"
John H. Coatsworth, "Structures, Endowments,
and Institutions in the Economic History of Latin America"
Discussion Questions
Lecture Slides
Thursday, May 28 Economic Transition in China & Distress in Japan
Wing Thye Woo, “The Real Reasons for
China’s Growth”
Gary R. Saxonhouse, “Structural Change and Japanese
Economic History: Will the 21st Century Be Different?”
Takeo Hoshi and Anil K. Kayshap, “Japan’s
Financial Crisis and Economic Stagnation”
Discussion Questions China
& Japan
Tuesday, June 2 Underdevelopment in Africa
Jeffrey Sachs and David Bloom, "Geography,
Demography, and Economic Growth in Africa"
Paul Collier and Jan Willem Gunning, "Explaining
African Economic Performance"
Discussion Questions Discussion
Questions
Thursday, June 4 Institutions and African Development
Daron Acemoglu, Simon Johnson, and James Robinson, "The
Colonial Origins of Comparative Development: An Empirical Investigation"
Nathan Nunn, "The Long Term Effects
of Africa's Slave Trades"
Term Papers due
Final Exam Thursday, June 11 9:10 a.m. - 12:10 pm, Lucas 309