Global Economic Governance



Olga Garanina, Associate prof., Department of Strategic and International Management, Graduate School of Management, St.Petersburg University



45 contact hours



Course Description:

This course aims to familiarize the students with key paradigms, players and challenges of global economic governance. While firms go global and economies become more and more interdependent, questions arise as to the structure and functions of international economic institutions that shape the globalization process at micro and macro level. In today’s globalized world and under increasing economic uncertainty it is extremely important to understand the conditions that shape global institutions, norms and rules and drive economic policy outcomes.
The objective of the course is to enhance global economic foresight capacities of the students, to familiarize them with contemporary economic policy debates and to provide basic knowledge of global economic institutions’ design.
The course brings together theories of global political economy and critical analysis of global economic challenges in the domain of international production, trade and finance.
The first part of the course explains theoretical approaches to understanding politics of international economic relations and the role of institutions in global economy. The subsequent topics develop challenges of global economic governance in three major domains that are (i) integration of production and global trade; (ii) global finance and (iii) sustainability and environment.
A high load of reading and individual work is expected from the students.

Course Content (Topics and subtopics):

Topic 1. Theoretical Traditions in Global Political Economy
Topic 2. Cooperation and Conflicts in the Global Political Economy
Topic 3. Domestic Sources of Foreign Economic Policies
Topic 4. Evolution of Global Trade Regime
Topic 5. Regional Trade Agreements
Topic 6. The Evolution of the International Monetary and Financial System
Topic 7. Globalization, International Institutions and Economic Development
Topic 8. Globalization and the Environment

Course Organization:

Lectures, seminars, case studies, group work, exercises, home and class discussion and assignments.

Course Reading (the full list):

Core reading:

  • Lectures, seminars, project, group work, home and class assignments, debates.


Supplementary reading:

  • Weaver C., Moschella M. (eds.) Handbook of Global Economic Governance: Players, Power, and Paradigms. London, Routledge, 2013. (available via EBSCO)
  • Phillips N., Payne A. (eds.) Handbook of the International Political Economy of Governance, Edward Elgar, 2014. (available via EBSCO)

Exam format:

Duration: 90 minutes

Grading Policy (% or points):

Course progress – 50 %, exam – 50 %.
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