America and the New Global Economy

Discover how the world economy has changed in the last 50 years with this course that explains how the economies of each major region of the world have developed.

Course No. 5620

This course explores globalization and its influence on economic development around the world. Professor Timothy Taylor of Macalester College guides you through 36 lectures that delve into how international economies have evolved post-World War II. You’ll learn about the economies of major countries and regions, addressing crucial contemporary issues like labor laws, population growth, and the roles of international organizations such as the World Bank and World Trade Organization.

Video Lectures

1. The U.S. in the World Economy-1960 to 1995
   • Duration: 32 min
   • A retrospective on U.S. economic growth, recessions, and globalization fears.

2. The U.S. Economy Resurgent?
   • Duration: 30 min
   • Examining productivity growth due to the IT boom around 1995.

3. Europe-From Catch-Up to Jobless Growth
   • Duration: 30 min
   • The recovery of European economies and the phenomenon of jobless growth.

4. The Single European Market
   • Duration: 30 min
   • Understanding high productivity and unemployment in the EU.

5. The Rise of the Euro
   • Duration: 30 min
   • The euro’s impact and its potential to replace the U.S. dollar.

• The Economy of the Soviet Union
  • Duration: 29 min
  • Analyzing the Soviet economic model and its eventual failure.

7. Transitions from Communism to Markets
   • Duration: 31 min
   • The challenges faced by post-communist countries in moving to market economies.

8. Japan’s Economic Miracle
   • Duration: 31 min
   • The factors behind Japan’s remarkable growth from the 1960s to the 1980s.

• When Japan’s Bubble Economy Burst
  • Duration: 32 min
  • Understanding the stagnation in Japan’s economy following the 1980s boom.

10. Government versus Market in East Asia
    • Duration: 32 min
    • Insights into East Asian economies that rapidly developed in the late 20th century.

11. East Asia’s Tigers-Restore the Roar?
    • Duration: 32 min
    • Causes and consequences of the economic crisis in East Asia in 1997-1998.

12. China’s Gradualist Economic Reforms
    • Duration: 31 min
    • The impact of market-oriented reforms in China since 1978.

13. China’s Challenges for Continued Growth
    • Duration: 32 min
    • Examining the sustainability of China’s economic growth.

• India and the License Raj
  • Duration: 31 min
  • The evolution of India’s economy from independence to today.

15. India’s Turn toward Market Economics
    • Duration: 32 min
    • The reforms in 1991 that opened India to global trade and investment.

16. Inherited Institutions in the Middle East
    • Duration: 33 min
    • How historical economic policies have shaped modern Middle Eastern economies.

17. The Curse of Oil Wealth in the Middle East
    • Duration: 29 min
    • Understanding why oil wealth hasn’t translated into prosperity for many nations.

18. Africa’s Geography and History
    • Duration: 30 min
    • The impact of geographical and historical factors on Africa’s economy.

• Time for Optimism on Africa?
  • Duration: 33 min
  • Exploring pathways for overcoming Africa’s economic challenges.

20. Latin America and Import Substitution
    • Duration: 31 min
    • The impact of import substitution industrialization on Latin American economies.

21. Markets or Populism in Latin America?
    • Duration: 32 min
    • Evaluating the effects of market-oriented reforms versus populist policies.

22. Globalization in Goods and Services
    • Duration: 32 min
    • How globalization affects trade in goods and services.

• Globalization of Capital Flows
  • Duration: 32 min
  • The benefits and risks of globalized financial markets.

24. The Foreign Exchange Market
    • Duration: 30 min
    • Examining policies for managing exchange rate volatility.

25. Migration-Senders and Recipients
    • Duration: 31 min
    • The economic impact of international migration on sending and receiving nations.

26. Global Population Growth
    • Duration: 31 min
    • Investigating population growth and its consequences on resources and sustainability.

• World Poverty-Growth or Redistribution?
  • Duration: 31 min
  • Strategies for measuring and combating global poverty.

28. Global Food Markets-The Supply-Demand Race
    • Duration: 30 min
    • Analyzing factors contributing to world hunger and policy responses.

29. An Urbanizing World
    • Duration: 31 min
    • The relationship between economic growth and urbanization in megacities.

30. Women in the Global Economy
    • Duration: 30 min
    • The role of women’s equality in driving economic development.

• Improving Governance, Fighting Corruption
  • Duration: 31 min
  • The impact of governance on economic growth and corruption reduction.

32. Foreign Aid-Promises and Limits
    • Duration: 31 min
    • Evaluating the effectiveness of foreign aid and its long-term implications.

33. The Multilaterals-World Bank, IMF, WTO
    • Duration: 31 min
    • The roles and challenges of major international economic institutions.

34. The Economics of Global Climate Change
    • Duration: 32 min
    • Exploring economic strategies for addressing climate change.

35. Globalization and Convergence
    • Duration: 33 min
    • Analyzing America’s role in globalization and its future trajectory.