The seminar examines foreign economic policies within the context of an increasingly fragmented global economy, shaped by and contributing to the transformations of global economic governance since the 2008 financial crisis. It aims to equip students with a robust understanding of key theoretical and empirical debates on the strategies and positions of Western established states, the European Union, and emerging (middle) powers in managing global economic relations and international cooperation across trade, finance, investment, and development policy. Students will explore contemporary issues such as geopolitics and geoeconomics, the resurgence of protectionism in the West, the strategies of China and emerging powers (e.g., BRICS, MIKTA), and challenges posed by global power shifts. The course also addresses dynamics within old and new multilateral economic institutions (e.g., WTO, World Bank, AIIB, New Development Bank) and club formats like the G20. The seminar's learning outcomes include acquiring in-depth knowledge of the main theories of international relations and international political economy, as well as their application to empirical case studies. By the end of the course, students will have developed a nuanced understanding of the domestic and international forces shaping foreign economic policies and their implications for the contemporary global economy.
- Kursleiter/in: Rena Baydag