Power in the World Economy
Module code: PL1021
The strength of its economy often determines the level of power a country has internationally. Nations such as the United Kingdom and the US have wielded significant power due to their economic strength while, in contrast, as Portugal's wealth declined, as did its global influence.
This module will introduce you to the basic theoretical debates on economics and development. In particular, you'll focus on the debate between the free-market and state intervention in the economy. You'll also assess the growth and development of the world economy over the past 100 years, and how the relationship between politics and economics has evolved in this time. You'll evaluate neo-liberalism, the philosophy that has driven Western economics for much of the past 50 years. Plus, you'll critique power and wealth differentials within the global economy.