Trade and Economic Governance

mspri2210  2025-2026  Mons

Trade and Economic Governance
5.00 credits
30.0 h + 15.0 h
Q1
Teacher(s)
Language
English
Content
THE COURSE WILL REMIND:
1. The origins of the multilateral economic governance system that emerged after the Second World War
THE COURSE WILL DEVELOP:
2.  The dynamics of economic governance in a multilateral framework
  • The rise of global value chains and its impact on economic governance 
    •  Trade agreements
    •  Foreign direct investments
    •  Standards and interoperability
    •  Social challenges
  • The collpaseof the Bretton Woods system and financial deregulation:
    • Financial crises and speculative issues
    • Tax optimisation and evasion
THE COURSE WILL ENGAGE STUDENTS IN ANALYSING:
3. The new distribution of economic power and its impact on multilateral governance since the 2008 economic crisis:
  • Shift in economic power: the multilateral trading system in question
    • Rise of emerging economies
    • Rise of protectionism and nationalism
  • The rise of technological rivalries between the United States and China:
    • Strategies of technological decoupling and strategic autonomy/sovereignty
    • Weaponisation and geopolitisation of economic interdependencies
  • Economic rivalries, The Covid-19 crisis and the war in Ukraine:
    • Towards deglobalisation or another reconfiguration of strategic supply chains?
    • Towards a new system of unilateral governance and imperialist confrontation?
THE COURSE IS UNDERPINNED BY VARIOUS CASE STUDIES
Teaching methods
Lectures will alternate with seminar sessions. 
Lectures may also be supplemented with critical reading and discussion of published articles and book chapters. 
Evaluation methods
Several assignments (such as readings and research papers) will be scheduled and assessed (in writing and orally) on a continuous basis throughout the semester.
A written and/or oral exam will be held during the exam period (the format of the exam will depend on the number of students enrolled in the course).
In this course, emphasis is placed on individual assessment, unless the number of students is such that implementing this approach becomes impracticable.
AI regulations for this course: 
  • As part of the assessment for this teaching unit, the use of artificial intelligence is prohibited, whether for exploration and conceptualisation or for writing.
  • If students use AI systems as language assistants during assessments (e.g. for proofreading in English), they are required to provide a screenshot or transcript of their interaction with the chosen AI system(s).
Other information
The course (30 hours) is supplemented by practical sessions (15 hours).
Online resources
All necessary documents (readings and teaching material) will be posted on the Moodle platform.
Bibliography
Key Readings and references will be proposed among the following (non-exhaustive) bibliography: 
Bergsten C.F., The United States vs. China: The quest for global economic leadership, Polity press, 2022
Miller C., Chip War: The Fight for the World's Most Critical Technology, Scribner, 2022
Hopewell Kristen, Clash of Powers: US-China rivalry in global trade governance, Cambridge University, 2020
Heydon Ken, The political economy of international trade, Polity press, 2020
Ravenhill John, International Political Economy, 6th edition, 2020
Blustein Paul, Schism, China, America and the fracturing of the global trading system, Cigi Press, 2019
Krishen Koul Anton, Guide to the WTO and GATT: economics, Law and Politics, Springer, 2018
Dicken Peter, Global Shift 7th edition, SAGE Edition, 2015
Adda Jacques, Histoire de la Mondialisation, La découverte, 2007
Helleiner Eric, States and the reemergence of global finance, 1994
Faculty or entity


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [60] in Political Sciences: General

Master [120] in Political Sciences: International Relations