This is a post-graduate course that offers a long-run view on the dynamic effects of international trade and factor movement on growth, convergence and income distribution at a global level. It´s required just some basic knowledge of statistics, international
and financial economy. We will use and stylize narrative about the international economic history from 1820 to understand today world international economic problems. We will debate, on one hand, trade effects on growth, economic divergence and income distribution,
on the other hand, the different alternatives on commercial and monetary models. The historical narrative follows the long 19th century, interwar and the post-war characterized as integration, disintegration and reintegration periods. On this context, it will be studying the interrelation between technology, institutions and geography along the globalization process at the same time that we analyse the convergence and divergence between rich and poor countries and domestic income distribution.
Topic 1: Introduction: Why are we interested in Globalization, growth and inequality?
1.1 Which are the main questions of the course?
1.2 It is easy to go out of poverty? Why the West get out of poverty first?
1.3 How to measure growth globalization and inequality
1.4 What can we learn from the interaction between globalization, growth and inequality in the past?
Topic 2: The origins of the great divergence: convergence and global inequality in the long run.
2.1 Inequality in historical perspective.
2.2 When did the Great divergence start?
2.3 What was more relevant inequality between countries or inside countries?
2.4 Who has gained with globalization in the last decades?
Topic 3: The first wave of globalization 1820-1913: trade and growth.
3.1 Some previous reminders: why countries trade?
3.2 Which forces influence in the acceleration of integration in the XIX century?
3.3 Globalization and inequality in XIX century
4.4 Trade and the poor.
Topic 4: The international monetary system, migrations and capital movements 1820-1913
4.1 What is a monetary system and how the gold standard should work
4.2 How the gold standard worked really.
4.3 Why Europeans migrate and capital went to US and Argentine in the XIX century?
4.4 The mobility of goods and factors. Historical lessons.
Topic 5. Globalization trade policy and Empire 1820-1940.
5.1 The relation between globalization and Empires in the 18th and 19th centuries
5.2 Imperialism, colonial heritage and geography
5.3 The cost and benefits of Colonialism,
5.4 Trade liberalization and protectionism in History.
Topic 6. The disintegration of the international economy and the World in Depression 1914-1950
6.1 The consequence of the War and the consequence of the Peace
6.2 The reconstruction of the International Monetary system
6.3 The causes of the Great Depression and consequence in Europe and the US.
6.4 Disintegration and Great Depression exists.
Topic 7. Openness, growth and Institutions from 1950 to the present.
7.1 Bretton Woods international institutions, trade and monetary system.
7.2 Why was so fast the European growth? Convergence and Globalization.
7.3 The growth of the Public
7.4 Bretton Woods Crisis and the Great Convergence.
Topic 8. Globalization and Inequality from 1950 to the present.
8.1 A tale of two globalizations: differences between trade and factor integration.
8.2 Information Technology and the New Globalization
8.3 Globalization and inequality
8.3 Globalization, inequality and long term growth.