Sustainable Globalization [AS 23]

Economic globalization has the forms of an increase in the market share of multi-nationally operating firms as well as an increase in international trade, in international financial capital flows, and in international labor migration. It is salient to know if and how these patterns have affected the sustainability of economic development, well-being, and social cohesion. For instance, do import competition and international outsourcing adversely affect labor market outcomes and health in advanced economies? Does an increase in market shares of multinational firms lead to declining shares of the economy’s income for workers? Does immigration into labor markets or refugee inflows lead to more crime and/or lower income of natives? Which policies improve employment rates and job stability of immigrants? How much wealth lies in tax havens and how much profits are shifted to them? How much is wealth concentrated when accounting for tax evasion? How is climate change related to economic activity and to what extent should activities that contribute to climate change be discouraged?

The first goal of the seminar is to get insights about appropriate methods to scientifically address these research questions. Our focus is on data analysis. Solid knowledge of multivariate regression analysis is recommended. Second, we aim to a deeper understanding of the economic and political challenges for maintaining or restoring sustainability in a globalized world.

Seminar participants give presentations on basis of a selection of recent literature. The grade will be given on basis of continued evaluation during the course. This includes a seminar presentation and active participation in the classroom. The seminar is in English.

The overview on the course and papers will take place on September 20. On October 4, seminar participants give two short presentations (2-5 minutes) on two papers of choice to indicate their motivation and preference for a topic. One of these two papers will then be assigned for a longer presentation (net time 45-60 minutes) on November 9, 22 or 29.

Attendance is obligatory at all dates! The only acceptable reasons for absence are illness (certificate needed) or exams of any kind in other courses (120 minutes absence at maximum). Unexcused absence in any part of the course will lead to failure (grade 1.0). Advance notice in case of absence is required except for emergency or illness.