In this course, we will focus on structures and issues of the global economy, looking into economic situations of major countries in the world. In doing so, we compare countries from a variety of macro-economic statistics such as national accounts, balance of payments statistics and other multilateral data. In addition, we will identify achievements of the globalization of economies such as free trade and economic partnership agreements as well as economic and currency integration while discussing its negative aspects such as the world-wide contagions of currency and financial crises as well as widening gaps between rich and poor.

1.Economic Systems in the World, Capitalism and Socialism 2.Flow of National Economies
3.Economic Growth and Productivity
4.Middle Income Trap and Global Value Chain
5Upgrading of Manufacturing and the 4th Industrial Revolution 6.Balance of Payments Structures
7.Merchandise Trade and Trade in Value Added
8.Trade in Service and Mode of Supply
9.Foreign Direct Investments and Multinational Enterprises
10.Free Trade and Economic Partnership Agreements, Regional Economic Integration 11.International Labor Movements and Workers Remittances
12.Official Development Assistance and International Development Organizations 13.Financial Structures of Major Countries and Global Flow of Funds 14.Currency/Financial Integration and Crises in the World
15.Degrees of Happiness in the World

You will be required to read assigned five papers and prepare a presentation. To read papers, you need more than one hour. To prepare a presentation, you need more than three hours.

The evaluation is based 50 percent on your presentation of a specific country’s economic situation and 50 percent on your reports of assigned papers. I will not give you the opportunity of presenting your research unless you attend other students’ presentations.