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Firms and Trade in a Global Economy

This course introduces the theory and the evidence of economic globalization, with a special focus on global value chains and trade policies. It starts with an overview of gains from trade and its distributive effects taking into consideration the recent revival of protectionist sentiments. The second part goes deeper into the issues of capital mobility, foreign direct investments and international fragmentation of production. The course closes with the analysis of the impact of various trade policy instruments and the rationale behind international trade agreements. The programme examines also recent debates, including an assessment of the impact of COVID19 on global value chains. The programme addresses recent debates at the frontier of the field of international trade in a way that is accessible to any advanced student with a previous background in international economics and politics.