Part I—Introduction
1 Whatever next for the world economy?

TV discussion on Bill Moyers Journal (James Kwak and Simon Johnson), PBS, April 2010. You can watch this online (takes about 30 minutes):

Johnson, Simon, and James Kwak. “The American Oligarchy: Six Banks.” Chapter 7 in 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Vintage, 2011. ISBN: 9780307476609.

2 Freer markets, more rules? Rethinking regulation in our global economy

Lardner, James. “Annals of Business, The Sweater Trade 1.” The New Yorker, January 11, 1988, 39–73.

———. “Annals of Business, The Sweater Trade 2.” The New Yorker, January 18, 1988, 57–73.

Automatic Reaction: IT Spending has Hollowed Out Labour Markets, to the Detriment of Middle-income Workers,” The Economist, September 9, 2010.

Part II—Varieties of Market Economies
3 Liberal market economies—The United States

Porter, Michael E. “Capital Choices: Changing The Way America Invests in Industry.” Journal of Applied Corporate Finance 5, no. 2 (1992): 4–16.

———. “Determinants of National Competitive Advantage.” Chapter 3 in The Competitive Advantage of Nations. Free Press, 1990, pp. 69–130. ISBN: 9780029253618.


Johnson, Simon. “The Quiet Coup.” The Atlantic, May 2009.

4 State-driven development—Singapore


Vietor, Richard H. K., and Emily J. Thompson. “Singapore Inc.” Harvard Business School Case. Harvard Business School Publishing. Case: 9-703-040, August 11, 2003.

5 Emerging markets/uncertain rules—Africa


Huang, Yasheng. “Note on Conflict Diamonds: Why Are Civil Wars, Like Diamonds, Forever?” Harvard Business School Case. Harvard Business School Publishing. Case: 9-702-027, January 09, 2002.

Alfaro, Laura, Vinati Dev, et el. “Botswana: A Diamond in The Rough.” Harvard Business School Case. Harvard Business School Publishing. Case: 9-703-027, March 31, 2003.

Part III—Beyond the Nation State? Who is Making the New Rules?
6 The politics of trade


Abdelal, Rawi, Laura Alfaro, et al. “Bombardier: Canada vs. Brazil at The WTO.” Harvard Business School Case. Harvard Business School Publishing. Case: 9-703-022, February 20, 2003.

7 Intellectual property protection

Sterenberg, Daniel B. “Intellectual Property Laws in Brazil: Is Breaking Patents to Save Lives Right?” MIT Sloan School of Management. Case under the supervision of Richard Locke, May 23, 2003: 1–24.


Bartlett, Nicholas, and Debora L. Spar. “Life, Death, and Property Rights: The Pharmaceutical Industry Faces AIDS in Africa.” Harvard Business School Case. Harvard Business School Publishing. Case: 9-702-049, June 13, 2002.

8 The rise of emerging markets—reaching where?

Subramanian, Arvind. “A Brief History of Economic Dominance.” Chapter 1 in Eclipse: Living in the Shadow of China’s Economic Dominance. Peterson Institute for International Economics, 2011, pp. 85–93. ISBN: 9780881326062. (PDF - 1MB)

9 Global business and human rights

Ruggie, John. “Human Rights Policies and Management Practices of Fortune Global 500 Firms: Results of a Survey.” Harvard University. John F. Kennedy School of Government Working Paper No. 28, 2006, pp. 1–30.

Locke, Richard, John Van Maanen, and Eleanor Westney. “Caspian Development Advisory Panel: Lesson Learned.” MIT Sloan School of Management, April 29, 2007: 1–17.


Mure, Lane La, and Debora L. Spar. “The Burma Pipeline.” Harvard Business School Case. Harvard Business School Publishing. Case: 9-798-078, February 25, 1998.

10 Non-government organizations (NGOs) and private non-market action

Buy at MIT Press Locke, Richard M. “The Promise and Perils of Globalization: The Case of Nike.” In Management: Inventing and Delivering Its Future. Edited by Thomas A. Kochan and Richard L. Schmalensee. The MIT Press, 2003, pp. 39–70. ISBN: 9780262112826. [Preview with Google Books]


Diermeier, Daniel. “Shell, Greenpeace and Brent Spar.” In Business and Its Environment. 4th ed. Edited by David P. Baron. Prentice Hall, 2002, pp. 109–13. ISBN: 9780130470645.

11 Rebuilding the global economic system

Boone, Peter, and Simon Johnson. “Will the Politics of Global Moral Hazard Sink us Again.” In The Future of Finance: The LSE Report. London School of Economics and Political Science, 2010. ISBN: 9780853284581.

12 In-class final exam  

Course Info

As Taught In
Fall 2011
Learning Resource Types
Exams with Solutions
Lecture Notes
Written Assignments