The CEEC in the Global Economy
Winter Term 1996
Jochen Lorentzen
Department of International Relations and European Studies
Central European University

Course Description

This course discusses international trade and investment, and how they affect CEEC. Particular attention is given to the relationship between the CEEC and the European Union in the context of EU enlargement. The course aims to provide a background for advanced discussions of options for and constraints on CEEC foreign economic policymaking. The course is assessed on the basis of a mid-term paper and a final two-hour in-class exam.

Course Outline
[RR = required reading; SR = supplementary reading]

Session 1. Introduction: Global Trade: Trends, Issues and Institutions

RR: Gilpin (1987, chap.5)
SR: Jackson (1989)

Session 2. Conflicts and Perspectives
RR: Amin (1990, introduction, chaps 4,8); Bhagwati (1988, chap.1)
SR: Bhagwati (1991, chaps 1-5); Calleo (1991, chaps 1,6)

Session 3. Theories of International Trade
RR: Bhagwati (1988, chaps 2-5)
SR: Krugman (1986)

Session 4. Trade in CEEC, Pre-Reform
RR: Richter (1990); Maresceau (1989, chap. on anti-dumping)

Session 5. Trade in CEEC, Post-Reform: Which Model?
RR: Köves and Marer (1991); Ostry (1993)
SR: Rejoined (1993); Senior Nello (1990)

Session 6. Trade in Sensitive Sectors: Manufactures
RR: Messerlin (1993); Rollo and Smith (1993)
SR: Faini and Portes (1995)

Session 7. Trade in Sensitive Sectors: Agriculture
RR: Anderson (1994); EC Agricultural Policy for the 21st Century (1994)

Session 8. Trade and EU Enlargement
RR: Baldwin (1994, chaps 4-9)

Session 9. Globalisation in the 1980s: Theories of FDI
RR: Julius (1991)

Session 10. Evidence on FDI in Europe
RR: OECD (1993); Thomson and Woolcock (1993)

Session 11. Conclusion: The CEEC in the Global Economy
RR: Amsden and ? (1995) [tba]; Altvater (1993, chap.6)

Altvater, Elmar. 1993. The Future of the Market. London: Verso.
Amin, Samir. 1990. Maldevelopment. London: ZED.
Anderson, Kym. 1994. "Trade Negotiations and Farm Policy." Economic Policy 17 (April): 13-52.
Baldwin, Richard E. 1994. Towards an Integrated Europe. London: CEPR.
Bhagwati, Jagdish. 1988. Protectionism. Cambridge, MA: MIT.
_______. 1991. The World Trading System at Risk. New York: Harvester Wheatsheaf.
Calleo, David. 1991. The Bankrupting of America. New York: Morrow.
EC Agricultural Policy for the 21st Century. European Economy. no.40.
Faini, R. and R. Portes, eds. 1995. European Trade with Eastern Europe. London: CEPR.
Gilpin, Robert. 1987. The Political Economy of International Relations. Princeton: PUP.
Jackson, John. 1989. The World Trading System. Cambridge, MA: MIT.
Julius, DeAnne. 1991. "Foreign Direct Investment: The Neglected Twin of Trade." Occasional Papers no.33. Group of Thirty, Washington.
Köves, András and Paul Marer. 1991. "Economic Liberalization in Eastern Europe and in Market Economies." in Foreign Economic Liberalization, eds Köves and Marer. Boulder,: Westview.
Krugman, Paul, ed. 1986. Strategic Trade and the New International Economics. Cambridge: MIT.
Maresceau, Marc, ed. 1989. The Political and Legal Framework of Trade Relations between the European Community and Eastern Europe. Dordrecht: Nijhoff.
Messerlin, Patrick A. 1993. "The EC and Central Europe: The Missed Rendez-Vous of 1992?" Economics of Transition 1, no.1: 89-109.
OECD. 1993. Foreign Direct Investment in Selected Central and Eastern European Countries and New Independent States. Paris.
Ostry, Silvia. 1993. "The Threat of Managed Trade to Transforming Economies." Occasional Paper no.41. Group of Thirty, Washington.
"Rejoined, 1993: Survey of Eastern Europe." The Economist, 13 March.
Richter, Sándor. 1990. Hard Currency Settlement of Payments or Bilateralism and Clearing: How Long Will the Dilemma Remain? In The Challenge of Simultaneous Economic Relations with East and West, eds Michael Marrese and Sándor Richter, 5-22. London: Macmillan.
Rollo, Jim and Alasdair Smith. 1993. "The Political Economy of Eastern European Trade with the European Community: Why so Sensitive?" Economic Policy 16 (April): 139-81.
Senior Nello, Susan. 1990. "Some Recent Developments in EC-East European Economic Relations." Journal of World Trade 24, no.1: 5-24.
Thomson, Stephen and Stephen Woolcock. 1993. Direct Investment and European Integration. London: Pinter.

CRC-Curriculum Resource Center
CEU Budapest, Hungary
Modified: April, 1996


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