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(1) Both the textbook chapter and VOX podcast summarize the dramatic transformations in global finance from the 1908s onward. What risks and crises have emerged

(1) Both the textbook chapter and VOX podcast summarize the dramatic transformations in global finance from the 1908s onward. What risks and crises have emerged from this new model of globalized finance? In your estimation, why hasn't the concentration of power, corruption, and the lack of public accountability received the attention it deserves or that would be justified, among citizens and regulators?

  • O'Brien & Williams: 'The Global Financial System' (textbook)
  • Vox Talks Economics: 'Rethinking Financial Globalization' (podcast)

(2) Based on Frontline's investigation into the Pandora Papers, what was revealed about the inner workings and ethos of the global financial system? At as general level, how would you describe its organization, governance, and norms? In terms of specifics, what features of this system are so beneficial to corporate elites, organized crime, and the uber-wealthy?

  • Frontline Dispatch: 'What the Pandora Papers Reveal' (podcast)

(3)Explain the relationship that Sen sees between freedom and development. What evidence does he provide to support his claim the two ideas or realities are mutually constitutive? From a policy perspective, what are some of the practical and tangible ways that Sen believes 'unfreedom' can be targeted and reduced through economic governance and development programs?

  • Sen: 'Introduction: Development as Freedom' & 'The Perspectives of Freedom', from Development as Freedom (book chapters)

(4)As O'Brien & Williams detail, there have been a few development paradigms over the postwar period that have differed substantially in terms of their priorities, goals, and worldviews. With this response, contrast the paradigm embodied in the SDGs to that of neoliberalism and 'structural adjustment'.

  • O'Brien & Williams: 'Economic Development' (textbook)

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