This course addresses questions such as: Who runs the international trading system? More generally, what are the causes and consequences of capital mobility? What—if anything—differentiates "globalization" today from earlier periods of economic openness? And does development aid help or harm developing countries? What impact does foreign direct investment by multinational corporations have on states? We focus on the politics of trade and the politics of money and finance, but also looks at development, regional integration and black market issues in IPE. We examine the role of states, international and domestic institutions, and other factors in the international economic system. We focus on the European Union and the United States in the world economy, but also consider other advanced industrialized countries as well as a number of developing countries.