EH481: Economic Change in Glbal History: Introductory Lecture

Taught by Alejandra Ingoin nad Tirthanker Roy. Lectures on Thursday Afternoons 3 til 5 in S221. My Seminar is at 5 on a Tuesday. This is a reading intensive course – read, discuss and debate. Seminars will take the form of two 12-15 minute presentations given by students, followed by a discussion. 2 x 1500 word essays will be submitted, non-assessed by they will be returned with comments and an indicitive grade. A 2 hour Exam will take place at the end of May.

This course looks at globalisation, history and economic change. Giddens (1990) says the stretching of social connections between local and distant defines the modern condition.

Global history is a critical response to post-modernism (the past has no core), globalisation defines the present and has consequences for the nation state, for cultrues of trust and for the economy. If the global is a condition of material life that condition has a history. Indentifying the global with the modern is questionable.

The state has been massively changed by globalisation, weakening it in someways and strengthening global checks and balances others. Trust has changed massively; In the past trust was generated by local/personal ties; today that is impossible and trust is instead generated by institutions.

Held argues that globalisation has a history, but that modernity is qualitively unique (a position I share). This is new geography of power and privilige which transcends political borders and regions. Global History does not place the nation state at the centre of its analysis (the only time that is appropriate is when national policies are being compared). Is Global History a different kind of history?

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In O’Rourke and Williamson’s history states are almost absent, instead markets act with little direction from the state. If anything states are subservient to the markets. They emphasise the integration of a North Atlantic economy in the 19th C rather than several national economies. The transport revolution of the 19th C, increased trade and increased migration alead to wage, price and rent convergence across the North Atlantic region. For them the state is irrelevant – however this is a questionable assumption. Key ingredients of this revolution spring from the state, railways, banks, property, law – all the foundations were laid by the state.

It also ignore the continental empires. Statehood that denies selfdetermination but which could work for market inegration. Niall Ferguson has argued that nothing in history has done more for the free movement andd free trade etc. than the British Empire.

Re-Orient is a book by Gunder Frank. In it he argues that there was a global economy as far back as the 1500s wutg a complex division of labour and multilateral trade. Silver, from the New World, lubricated the global economy and led to increase trade in Indonesian pepper, Indian textiles, Chinese tea and so on. A private merchantile drive was driven by silver from the Americas. This argument fails empirical tests. There was little price convergence around the world as late as the 18th C which you would expect to see in a truly functioning global economy.

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Global has a history and one that is driven by market forces. Global History doesn’t ignore the state, but it does not focus on it either. It seeks to offer a cosmopolitan history where the West is not the sole comparitor; rather reciprocal comparisons allow for a decentred view of the human experience. In the 19th C states enforce market linkages. In the 18th Military sates help form local markets. In the 20th century states obstructed market linkages, for example during the Great Depression and the post war era.

Markets cross borders and this has important political, economic and cultural effects. Global and local are not two seperate experiences but interact in different ways. Global needs to context itself against the local.

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There will be different approaches followed on the course. Rational choice, Marxist, Worlds System, Institutionist.

We will examine states and empire.

We will also look at channels through which the global is felt but which are nto factor markets. Ideas, Diseases, Popualtion and ecology.

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About Left Outside
I blog, I drink, I study at the LSE, I work at a wine shop.

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