Spring for 2017-2018
The signposts are all around us: discontent with trade and globalization, sluggish economic growth, rising inequality, high pockets of unemployment and jittery financial markets. The recent financial crisis has been unusual in its global nature, affecting countries with a speed and virulence not seen since the Great Depression of 1930s. Amid the weakening global growth backdrop, the course will focus on analyzing the policy options and debates on fostering economic growth and sustainable development in a global economy. Topics covered will include: the role of the State regulation and the Central Bank policies; emergence of the shadow banking system and the negative interest rates, fiscal stimulus packages; the design of trade and industrial policies, and the role of the World Bank, IMF, WTO, and other international agencies as well as regional and bilateral trade agreements. Emerging economies policy challenges will be emphasized.
Credits: 3.0
Prerequisites: None
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