Raul Caruso, educated in Naples (MA), Leuven (Msc) and Milan (PhD), is currently affiliated at the Catholic University of the Sacred Heart where he is serving as adjunct professor of International Economics, Risk Management and Economic Policy. He is editor in chief of Peace Economics, Peace Science and Public Policy (USA) and he is also in the editorial board of Defence and Peace Economics (USA), the Economics of Peace and security Journal (USA), Rivista Internazionale di Scienze Sociali (Italy). He is the executive director of Network of European Peace Scientists and head of the Italian Chapter of Economists for Peace and Security. Since 2009, he organizes the annual Jan Tinbergen European Peace Science Conference. He is also member of the scientific committees of Center for Applied Economics (CSEA) and Center for Higher Education Internazionalization (CHEI) at the Catholic University of the Sacred Heart. He had lectured at MIT, Hiroshima University, Central University of Finance and Economics of Bejing, Warsaw University, Kazakh Humanitarian Law University, and Novosibirsk State University. He is also in the board of directors of World Research and Peace Science Center Inc. in Washington DC. He has been awarded with the Stuart Bremer Award in 2004, with Premio Isimbardi in 2011, with the Emerald Outstanding Author Contribution in 2012 and with Manas Chatterji Award for excellence in Peace Economics and Peace Science in 2014. In 2013 he has been awarded the qualification of Associate Professor in Economic Policy. His research interests are: Peace Economics, Economic theories of conflict and conflict resolution, Terrorism, international economic sanctions and International Political Economy.
Conflict economics and global economic relations
The course primarily provides an examination of the economics of conflict theory and their impact on international economic relations. Secondly, it presents a review of empirical cases, in particular: (i) the impact of international economic sanctions; (ii) the structure and dynamics of the international armaments market; (iii) the impact of terrorism on financial markets and FDI; (iv) the impact of military spending and the arms race on economic growth and security on a global level. Finally, international economic policies for peacekeeping defined as a global public good are presented.
The course is designed to provide students with a comprehensive description of peace economics and its relevance to understand current global scenarios. In particular, the distortions in allocation of resources will be presented. Eventually, a punctual difference between deterrence and peace will be highlighted. Lastly, some interpretations on current rivalries in the light of the theories presented are provided.