84-616 Political Economy of Transatlantic Partnership
12 units, Carnegie Mellon University
The changing international world order due to Chinas rise as a global economic superpower and the rise of authoritarianism and populism in developed economies have created new challenges and opportunities in the transatlantic community. This course examines the key economic issues in current transatlantic relations. Our focus will be on the economic cooperation and tensions between the two largest economies and the largest trade and investment partners in the 21st century, the United States and the European Union. We will identify the recent disruptive global economic events, including the financial crises, Brexit, Chinas accession to the World Trade Organization, regulatory affairs, COVID19, and supply chain problems, and discuss the governance and institutional structures the US and the EU have put in place to overcome these challenges. Additionally, we will analyze the populist and nationalist challenges to the liberal democracy and how domestic political forces have resulted in environmental, economic, and human rights crises on both sides of the Atlantic, as seen in recent tariff wars, failed international agreements, and the refugee crisis. Students will leave the course with a stronger appreciation for the US and the EUs commitment to advance a rulesbased international order and strategic cooperation despite distinct approaches to economic policy.
Prerequisites: none listed
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