September 9, 2013
WASHINGTON—The Peterson Institute is pleased to announce that seven Institute-published books, which include the scholarly work of 17 Institute experts, will form the core reading list for a new Massive Open Online Course (MOOC) to be offered free this fall to students around the world. More than 20,000 students from 151 countries have already signed up for the course, which is to be taught by Theodore H. Moran, nonresident senior fellow, who has been associated with the Peterson Institute since 1998.
Moran holds the Marcus Wallenberg Chair at the School of Foreign Service in Georgetown University and is the author of several widely cited studies in the field of international trade and investment. The course, "Globalization's Winners and Losers: Challenges for Developed and Developing Countries," is a joint effort with Georgetown University and edX, a leading producer and pioneer of online education founded by Harvard and MIT.
"We are going to deal with some of the most controversial issues surrounding the spread of trade, technology, and investment," said Moran. "We'll look at the more promising area of globalization of industry in the developing world, but then we turn that around on its head and ask, does this come at the expense of the developed world?"
Moran said students will be instructed on the economic challenges facing the United States, including the US budget deficit and projected entitlement program shortfalls, and how they are affected by trade imbalances and disputes over foreign direct investment, including the offshoring of jobs from the US.
As part of the arrangement with edX and GeorgetownX, and in an effort to encourage the wide dissemination of its research work, the Peterson Institute is taking the unusual step of making the content of its books available free online to students enrolled in the course. The course readings cannot be copied or printed. Students wishing to purchase the books for the course may do so through the Institute's online bookstore. They may also purchase e-book versions through Amazon, Google Play, Barnes and Noble and other purveyors of e-books.
"The Peterson Institute is making its research available for free to encourage students from all over the world to seriously explore the economic analysis of globalization, its benefits, and the policy challenges it raises," said Adam S. Posen, president of the Peterson Institute. "We are excited about being a part of a pioneering enterprise that offers the possibility of disseminating our scholarship to a whole new constituency in countries around the world."
Edx has enrolled more than 1.2 million students in 63 online courses since its founding in May 2012. Its stated goals are to expand access to education for everyone in the US and overseas, enhance teaching and learning on campus and online, and advance teaching and learning through research. Its courses are not for credit at any university at this stage, but in the future many experts say that universities will adopt the format for online education for credit.
Anant Agarwal, president of edX, said "GeorgetownX's course 'Globalization's Winners & Losers' taught by Dr. Theodore H. Moran, promises to be a fascinating and enlightening course and we are pleased to offer it on the edX platform. The experience for the students will be made all the more illuminating with the content generously provided by the Peterson Institute for International Economics."
The course will draw on chapters from the following PIIE books:
Foreign Direct Investment and Development: Launching a Second Generation of Policy Research (2011)
Foreign Direct Investment in the United States: Benefits, Suspicions, and Risks with Special Attention to FDI in China (2013)
Global Trade in Services: Fear, Facts, and Offshoring (2012)
Outward FDI, US Exports, US Jobs, and US R&D (2013)
Rising Tide: Is Growth in Emerging Economies Good for the United States? (2013)
The United States and the World Economy: Foreign Economic Policy for the Next Decade (2005)
Why Exports Matter: More! (1996)
About the Peterson Institute
The Peterson Institute for International Economics is a private, nonprofit institution for rigorous, open, and intellectually honest study and discussion of international economic policy. Its purpose is to identify and analyze important issues to making globalization beneficial and sustainable for the people of the United States and the world and then to develop and communicate practical new approaches for dealing with them. The Institute is widely recognized as nonpartisan.