IRS 301 CosOutline 19 20 Set Mar 2021

IRS 301: INTERNATIONAL ECONOMIC RELATIONS
UNIT: 3
SESSION: 2019/2020 SESSION
Course Outline
1) Introduction
Understanding the international economy
The link between economics and politics
The political economy of international trade
Recommended Texts
i). Joan Elderman Spero, (1980) The Politics of International Economic Relations (London:
George Allen & Unwin)
ii). Aja Akpuru-Aja (1998) Fundamentals of Modern Political Economy and International
Economic Relations (Owerri: Data-Globe Nigeria)
iii). Moyo, Bhekinkosi (2007) ‘Africa in Global Economic and Political Power Relations’, in
Bhekinkosin Moyo (ed) Africa in the Global Power Play: Debates, Challenges and Potential
Reforms (London: Adonis and Abbey Publishers Ltd)
2) Perspectives on International Economic Relations

i) The Liberal perspective
ii) The Mercantilist perspective
iii) The Marxist perspective
Recommended Texts
i). Robert Gilpin (1987) The Political Economy of International Relations (Princeton:
Princeton University Press)
ii). Strange, Susan (1995) Political Economy and International Relations, in Ken Booth and
Steve Smith (eds) International Relations Theory Today (London: Polity Press)
3) International Trade
From protectionism to free trade system
The transformation from GATT to WTO
Current challenges of the WTO
Recommended Texts
i). Timamy, M.H. Khalil (2007) The Political Economy of Technological Underdevelopment
in Africa: Renaissance Prospects, Global Tyranny, and Organized Spoliation (Lagos:
CBAAC)
ii). Chomsky, Noam (1999) Profit Over People: Neoliberalism and Global Order (New York:
Seven Stories Press)
4. The Evolution of International Economic Relations since 1945
The post-1945 international economic order
Post-Cold War International Economic Relations
Recommended Texts
i). Schenk, Catherine (2011) International Economic Relations since 1945 (Oxon: Routledge)
ii). Joan Elderman Spero, (1980) The Politics of International Economic Relations (London:
George Allen & Unwin)
5) Economic Regionalism
Economic regions in international economic relations (the EFTA (EU), NAFTA, etc)
Preferentialism and Multilateralism
Recommended Texts
i).Chibuzor N. Nwoke (2010) Critical Perspectives on Nigeria’s International Economic
Relations (Ibadan: College Press)
ii). Motsamai, Dimpho and Mzukisi Qobo (2012) “Regionalism in Africa: Development
Crises and the Growing Influence of Emerging Powers”, in Lorenzo Fioramonti (ed) Regions
and Crises: New Challenges for Contemporary Regionalisms (London: Palgrave, Macmillan)
6. International Economic Relations in a Globalizing World Economy

Understanding economic globalization
Globalization and the South-South Cooperation initiative
Africa in a globalizing economy
Recommended Texts
i). Hoogvelt, Ankie (1997) Globalization and the Postcolonial World: The New Political
Economy of Development (London: Macmillan)
ii). Gelinas, Jacques B (2003) Juggernaut Politics: Understanding Predatory Globalization
(London: Books, Nova Scotia: Fernwood)
7) Foreign Aid
The essence of foreign aid
The basis and dynamics of donor-recipient interaction
The logic of ‘Aid for Trade’
Recommended Texts
i). Arnold, Guy (1985) Aid and the Third World: The North/South Divide (London: Robert
Royce) Part One
ii). Bolton, Giles (2008) Aid and Other Dirty Business (London: Ebury Press)
iii). Sogge, David (2002) Give and Take: What’s The Matter with Foreign Aid? (London: Zed
Books
8) Trade and Environment in International Economic Relations
Links between trade and the environment
Trade, Environment and Backlash
International Trade, New Technologies and Green Economy
National Vs Global/Common Interests
Recommended Texts
i). Alison Butler (2000) “Environmental Protectionism and Free Trade: Are They Mutually
Exclusive? in Jeffrey A. Frieden and David A.Lake (Eds) International Political Economy:
Perspectives on Global Power and Wealth (Boston: Bedford/St. Martin’s)
ii). Tanuro, Daniel (2010) Green Capitalism: why it won’t work (London: Resistance Books)
Chapter 10: The destructive dynamic of capitalism
9) Debt Crisis and the Third World

Causes and impact of debt crisis on the Third World
Debt relief initiatives: case study of the HIPCs
Recommended Texts
i). Friedman, Steven (2007) “In Whose Debt? Debt Cancellation and Democracy in Africa”
in Bhekinkosi Moyo (Ed) (2007) Africa in Global Play: Debates, Challenges and Potential
Reforms (London: Adonis &Abbey)
ii). Onibode, Bade (2000) Africa in the World of the 21st Century (Ibadan: Ibadan University)
10) Tools of Statecraft in International Economic Relations

Sanctions, Embargoes and Economic Warfare
Economic Tools and Power Relations
Economic Statecraft and Foreign Policy
Recommended Texts
i) Drezner, W. Daniel (1999). The Sanction’s Paradox: Economic Statecraft and
International Relations. University Press, Cambridge, United Kingdom.
ii) Economides, Spyros and Wilsom, Peter (2001). The Economic Factor in
International Relations. I. B. Taurius Publishers., London. pp. 140-160.
iii) Dopson, P. Alan (2002). US Economic Statecraft for Survival, 1993-1991; Of
Sanctions, Embargoes and Economic Warfare. Routledge, London.

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IRS 301: INTERNATIONAL ECONOMIC RELATIONS

2) Perspectives on International Economic Relations

6. International Economic Relations in a Globalizing World Economy

9) Debt Crisis and the Third World

10) Tools of Statecraft in International Economic Relations

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