America and the New Global Economy

Overview

Explore how globalization has reshaped world economies over the past 50 years in this 36-lecture course, analyzing regional developments from China’s rise to Africa’s challenges.

Course No. 5620

Professor Timothy Taylor examines how trade, technology, and policy transformed the U.S., Europe, Asia, and emerging markets—revealing the forces driving today’s interconnected economic landscape.

Course Content

Major Economic Powers

1. U.S. Economic Evolution (32 min)
   • From 1960s boom to 1990s tech resurgence

• Europe’s Integration (30 min)
  • Single market to euro currency challenges

3. Japan’s Lost Decade (32 min)
   • Bubble economy collapse and stagnation

Rising Giants

4. China’s Economic Miracle (31 min)
   • Gradual reforms to superpower status

5. India’s Market Turn (32 min)
   • From “License Raj” to service sector boom

6. East Asian Tigers (32 min)
   • 1997 crisis and development models

Global Challenges

7. Middle East Oil Curse (29 min)
   • Why energy wealth hasn’t lifted all boats

8. Africa’s Growth Potential (33 min)
   • Overcoming geography and governance

9. Latin America’s Pendulum (32 min)
   • Import substitution to populist waves

Transnational Systems

10. Trade & Capital Flows (32 min)
    • How globalization reshaped production

11. Climate Economics (32 min)
    • Costs of carbon and policy solutions

12. Future of Globalization (33 min)
    • Will economies converge or fracture?