Welcome to our Website, where these pages are intended to help
organize our work in the course.
This course is about International Political Economy IPE. It
first held in February 2001, and will be offered again in Winter
Semester 2002/ 2003. The exact dates and times are posted in the
section "Class meetings and required readings" referenced below.
You may also be wondering "Why study trade policy? I'm going
in a small-to-medium-sized company (SME)". Then one possible answer has
been given by the organizer of an online discussion that ran from 15-19
October 2001. "Many companies, especially SMEs, do not seem to realize
that in our globalizing economy the main conditions of business are
determined by decisions taken in the framework of international bodies,
such as the WTO. For export or import oriented companies what else
could be more relevant than the changes in tariff and non-tariff
measures, subsidies or regulations relating to services or intellectual
property rights?" See for yourself at this Website.
What will the attack on Iraq do to multilateralism
to the trans-Atlantic alliance and to trade negotiations in particular?
One pessimistic scenario mentioned in the NZZ warns that if
"pre-emptive strikes" like those in the attack were made in trade
policy, they would "shake the WTO in its foundations". Did the original
U.S. desire for a multilateral consensus against the Taliban in
Afghanistan permit the ministerial in Doha to lay out a timetable for a
"Development Round" that is encountering difficulties, now that the
U.S. is acting unilaterally? German and Italian scholars ask: How
should Europe react to unilateralism in its partners? Shouldn't Europe
swallow its pride and look ahead to rebuilding Iraq, located
strategically next to EU accession candidate Turkey?
March 24th, 2003: Toward a European Strategy for Iraq
Paper by Felix Neugart from the Centre for Applied Political Research
(CAP), Munich, Germany, and Dr. Giacomo Luciani, Robert Schuman Centre
for Advanced Studies, European University Institute, Florence, Italy (in Adobe's PDF format, 169 kB)
Sept. 28, 2002: Pepsi Seeks 'Divorce' in
Seeks to Dissolve Partnership That Runs Bottling Plant in Sichuan
Province. "The latest cautionary tale of the pitfalls of investing here
as an unprecedented amount of capital pours in after China's admission
to the World Trade Organization."
Oct. 28, 2002: "...Now that China has entered the World
Organization, many fear that China’s state-owned companies...
will collapse under the pressure of foreign competition," from
"Reform: Zhu Rongji's Promise" section of the current
Newsweek Series "The New Faces of China".
"[Thu Nov 21 19:02:12 2002] [Lamy_5] 
1019, to ilha, on China: the main
impact of Chinese accession is on China: no aspect of the Chinese way
will go entirely unchanged. WTO membership is a major strateguc
opportunity which China is grasping. Implementation is still in the
and nobody is perfect, but China is making a genuine effort to comply
"[Thu Nov 21 19:21:10 2002] [Lamy_5]  1227, to
YBG2, on China: all WTO
members will find it easier to deal with China, whatever the disparity
now that China has joined us all in WTO. For the rest, China`s future
opening will provide oppotunities for developing country traders."
Latin America in crisis
Last year we looked at the finance structure of
as examples the tensions in emerging markets like Argentina, Brazil and
Turkey, many of which are continuing this year. We considered the risk
of further complicating the unstable, global economic climate as we
entered a recession with an emerging-market financial crisis like the
famous one in 1997/98; on that event we have a newly acquired video entitled "The Crash" to
enrich the lectures. (For each of the following links a new window will
open in your browser.)
Joseph Stiglitz: "The openness of a country
trade seems to have a far greater effect on its economic success than
would be predicted by the standard trade models of comparative
advantage. One explanation is knowledge: trade and foreign direct
investment provide important channels for the transmission of
knowledge," Public Policy for a Knowledge Economy, 1999.
Class slides in PDF format
(You must have the free Adobe Acrobat Reader available from Adobe to view these
Classes will meet on the days shown below under "Class meetings and
The URL of this page is
http://www.hsw.fhso.ch/ruddy/ on one of the servers of the
University of Applied Sciences in Olten, Canton Solothurn, Northwestern
Switzerland, http://www.fhso.ch. Disclaimer:
any views expressed on these Webpages do not necessarily reflect those
of the institution at which I am employed.
Updated April 5, 2003
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!!! This document is stored in the ETH Web archive and is no longer maintained !!!