This is a Web seminar course that examines three economic institutions that are central to
understanding the processes referred to as "globalization": the World Bank, the International
Monetary Fund, and the World Trade Organization. The course develops a framework of the key
concepts in discussions of globalization before exploring the political origins and current
social consequences of these organizations and examining related issues of global governance,
corporate accountability, and global justice.
After you have completed the work in this course, you should be able to:
- Find and assess information relevant to issues of globalization on the Internet.
- Participate in discussions about globalization in an informed manner.
- Explain key terms used in discussions about economic globalization.
- Develop a broad definition of globalization.
- Discuss different ideologies in favour and against globalization.
- Discuss the relationship between politics and economics.
- Locate current political and economic discussions within a historical context.
- Describe and critique the three political/economic institutions that are central to the
process of globalization: the International Monetary Fund (IMF), the World Bank, and the World
Trade Organization (WTO).
- Analyze case studies on the international role of one or more of these political/economic
- Identify and discuss some of the political consequences of globalization.
- Outline and engage in the debates and issues around global governance and global
- Sustain an interest in reading, writing, and talking about contemporary issues in
- Adopt a critical but receptive attitude towards alternative perspectives on political and
- Evaluate contesting arguments about globalization and society by applying tests of logic and
- Develop a reasoned and social science-based approach to dealing with complex political and
social questions connected to globalization.
- Analyze the complex political and social questions related to globalization and produce
informed judgments about them.
- Appreciate the importance of the relationship between globalization and the European and
North American colonization of the rest of the world.
The course is divided into four units, which are further divided into topics of study:
Unit 1: Theoretical and Historical Framework for Discussing Globalization
- Topic 1.1: Financial Global Crisis of the XXI Century
- Topic 1.2: The Role of the Nation-State
- Topic 1.3: Theoretical Perspectives on Political Economy
- Topic 1.4: Globalization vs. Interventionism and Development
Unit 2: The Global Financial System
- Topic 2.1: Economic Ideology and Globalization
- Topic 2.2: Financial Globalization
- Topic 2.3: The International Monetary Fund (IMF)
- Topic 2.4: The World Bank
Unit 3: Free Trade Enforcement and Corporate Power vs. the Environment and Democracy
- Topic 3.1: The Issue of Accountability
- Topic 3.2: Free Trade Enforcement: WTO and NAFTA
- Topic 3.3: Corporate Interests vs. Public Interests
- Topic 3.4: Globalization and the Environment
- Topic 3.5: Global Governance and Democratic Accountability
Unit 4: Resistance to Globalization and the Alternatives: Is World Justice Possible?
- Topic 4.1: Some Consequences of Globalization
- Topic 4.2: Social Movements and Social Change
- Topic 4.3: Different Positions on the Future of Globalization
- Topic 4.4: Cosmopolitanism and Globalization
Required text and materials
- No-nonsense Guide to Globalization. 3rd. edition. Ellwood, W. Ottawa: New
Type: Book ISBN: 9780897071670
- The Globalization Paradox: Democracy and the Future of the World Economy. Rodrik, D..
New York: Norton. (2011).
Type: Book ISBN: 978-0-393-34128-7
- Unholy Trinity; the IMF, World Bank and WTO. 2nd edition. Peet, R.. New York: Zed
Type: Book ISBN: 9781848132528
Students enrolling in this course will need to source the following textbook on their
- Making Globalization Work. Stiglitz, J.. New York: Norton. (2006).
You are responsible for viewing this video:
- Inside Job. Ferguson, C. & Marrs, A., (Producers). Los Angeles, CA: Sony Pictures
Type: Type:Motion picture
Note: The video may be available for free at http://watchdocumentaries.com/inside-job/.
Computer with Internet is required.
In order to successfully complete this course, you must obtain at least 50% on the final
examination and 50% overall. The following chart shows how the final grade is determined for this
|Final Project *
Open Learning Faculty Member
An Open Learning Faculty Member is available to assist students. Primary communication through
the Learning Environment's "Mail" tool or by phone. Students will receive the necessary contact
information at the start of the course.