Lecture 25: IPE and War Benjamin Graham Current Debates Benjamin Graham Lecture 25: IPE and War Benjamin Graham

Lecture 25: IPE and War Benjamin Graham Today’s Plan Today’s topics: Automation & Employment Shifting prospects for globalization Lecture 25: IPE and War Benjamin Graham

Lecture 25: IPE and War Benjamin Graham Reading Quiz (1) When Cowen says that “Industrial revolution comparisons are not comforting,” what does he mean? A. The industrial revolution was an important cause of both World Wars B. The industrial revolution never lead to higher wages C. The industrial revolution caused a spike in global food prices D. It took around sixty years for wage gains to take hold after the industrial revolution Lecture 25: IPE and War Benjamin Graham

Lecture 25: IPE and War Benjamin Graham Reading Quiz (2) Which regional group is considering a *NEW* passport that would cover most countries in the region? A. ASEAN (SE Asia) B. AU (African Union) C. South America D. LAC (Central America, South America, and the Carribean) Lecture 25: IPE and War Benjamin Graham

Lecture 25: IPE and War Benjamin Graham Reading Quiz (3) In the piece about “Strong demand poor people see somehow bad for poor people” focuses on which product? A. Quinoa B. Coffee C. Taro root D. Palm oil E. Cashews Lecture 25: IPE and War Benjamin Graham

Lecture 25: IPE and War Benjamin Graham Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham

Automation & Employment Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham

Automation & Employment Categories of jobs on the chopping block: Drivers, call centers, paralegals Shift into services puts an emphasis on “soft” skills What can humans do that an algorithm can’t? Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham

Automation & Employment What jobs are most complementary to artificial intelligence and increased computing power? Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham

Globalization still marching forward We haven’t thought much about rising trade barriers in the past 25 years. Rich countries are backing away from integration Poor & middle income countries are steaming ahead Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham

The US Steps Out of the Driver’s Seat After the US pulled out of the TPP, the other 11 countries are forging ahead without us. Comprehensive and Progressive Agreement for Trans-Pacific Partnership China is working on a deal with 16 other Asian nations Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham

The New Multilateral Future What are the implications if rich countries backslide on integration while poorer countries keep pursuing it? A. How do we expect the TPP may be revised now that the US is not a part of it? B. How will the revised TPP affect the U.S.? Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham

The Research Frontier in IPE New Questions: How is South-South trade and FDI different from North-South trade and FDI? Are the causes of economic closure simply the reverse of the causes of economic openness? How do high level of economic interdependence affect security competition? How can nation states govern multinational corporations? Older questions: What are “good” domestic institutions for growth? How can international institutions shape state, firm, and individual behavior? Why start with supply and demand? Lecture 25: IPE and War Benjamin Graham