The field of International Political Economy is broadly concerned with the interrelationship between political and economic processes in international relations. The course introduces this subfield of political science, analyzing the politics of trade, foreign investments, development, international finance, and natural resource management. In the first three segments, the course will discuss what globalization is; various dimensions of globalization namely, FDI and foreign trade; the measurement of globalization, and then turns to its consequences especially for socio-economic development. It will also discuss the theories associated with FDI and Foreign Trade (why countries trade and why firms invest abroad), the costs and benefits of FDI and foreign trade and analyzing the politics of trade (including the 'Trump phenomena', Dalai Lama effect' and 'China effect'). In the fourth segment, the course dwells deep into understanding the causes and socio-economic and political impact of International Monetary Fund (IMF) lending programs (on re-election of debtor governments; likelihood and outcome of currency crises; scope of IMF conditionality; does conditions work; loans for votes in the Security Council). This segment also examines the economic growth effects of debt relief and the problems associated with them. In the final segment, the course turns to 'resource curse' thesis and the debate on whether natural resource dependence impedes economic prosperity. The course also dwells into the discussion on how some resource dependent countries (like Norway, Canada, Australia, among others) have managed to stave off the resource curse.