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2011/2012  KAN-CBL_DSGE  Development Strategy in a Global Economy

English Title
Development Strategy in a Global Economy

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Mandatory
Level Full Degree Master
Duration One Semester
Course Period Autumn
Time Table Please see course schedule at e-Campus
Study Board
Study Board for BSc og MSc in Business, Language and Culture
Course Coordinator
  • Peter Wad - Department of Intercultural Communication and Management
Secretary Birgitte Hertz, bhe.stu@cbs.dk
Main Category of the Course
  • Corporate and Business Strategy
Last updated on 29 maj 2012
Learning Objectives
Having completed the course the students should be able to:
  • describe and critically discuss theories and approaches that address the strategies and policies of developing country governments and other stakeholders with regard to fostering industrial development, poverty reduction and sustainable development
  • relate these theories to each other and identify similarities and differences in relation to internal and external factors and actors of the developmental dynamic,
  • apply development theories and strategies to empirical evidence about development trajectories and challenges, policies and practices of developing country states, and
  • analyze and synthesize impacts of strategies and policies of developing country governments and other stakeholders in terms of national competitiveness, social equality and sustainable development.
Bachelor degree – Knowledge of the political economy of globalisation and development is an advantage, but not a pre-condition.
Development Strategy in a Global Economy:
Assessment Written Exam
Marking Scale 7-step scale
Censorship External examiners
Exam Period December/January
Aids Open Book, Written Aid is permitted
Duration 4 Hours
Four hours written, open book exam, where the students will be required to answer one of two questions related to the course literature. Evaluation is done by internal and external examiners. No electronic aid is permitted.
Course Content

The aim of the course is to enhance the student’s capabilities to understand models and concepts for strategies and challenges of developing country governments in particular, with regard to fostering industrial development, competitiveness and integration in a global economy. Key questions are why some developing countries succeed in bringing about industrial development and poverty reduction, while others seemingly fail? The focus is on the role of developing country governments in the development process and the relationships to different organizations and actors nationally and internationally (e.g. civil society and market organizations, donor agencies and international institutions). It combines (international) business studies and development studies with the key ambition to understand the conditions and processes that frame and facilitate economic, social and private sector development. The course is divided into four modules:

The first modulegives an introduction to development thinking,

the evolution of development thinking and various theoretical

perspectives on development. A particular emphasis is on

perspectives of the role of the state in development.

The second modulefocuses on the challenges of industrial

development of the world’s major developing regions,

emphasizing the changes in economic development strategies

toward enhanced competitiveness in an era of increasing global

integration. The module describes the relationship between

industrial policies and strategies and the role industrial districts and clusters in developing countries and examines the challenges that economic globalization pose for developing countries e.g. innovation and national innovation systems (NIS) to a prominent place on the agenda of international competitiveness.

The third module deals with the evolution of business systems and the role of civil society institutions and organisations for development. The module presents different theoretical perspectives on institutions and economic development and emphases the role of these institutions (political, economic, associational and the knowledge systems) and their linkages to economic efficiency and growth.

The fourth and final module takes a view on international political economy as it relates to developing country government’s room of manoeuvre emphasizing the global trade regimes and the case of Africa of governance on the one hand, and the overall interplay between global and domestic capacities and regimes of governance, options for industrial and institutional policies and the changing trends and patterns of economic and social development on the other hand.

Teaching Methods
The course is designed to present and discuss theoretical
perspectives and analytical approaches to development strategy in the Global South. The course is conducted by CBS faculty and external lecturers and requires the reading of around 60-80 pages per lecture. The teaching includes active participation of students through student’s presentations, group discussions and plenum debates. Student presenters must coordinate their input with the teachers in charge of the session. The syllabus will comprise theoretical and empirical material, in which the obligatory literature will amount to approx. 800-900 pages. A compendium will include all obligatory articles by the students while optional literature might be acquired through the internet or otherwise.

The course literature is comprised of three sets of materials:

1. A text book:

Weiss, Linda (ed) (2003) States in the Global Economy. Bringing domestic institutions back in. Cambridge, UK: Cambridge University Press. Accessible via CBS ebrary or the bookshop Samfundslitteratur, Dalgas Have).

2. A compendium, including obligatory texts. The compendium will (hopefully) be available end of week 35 (if not the texts for lecture 1 except Weiss will be uploaded at sitescape).

3. Optional texts are to be downloaded from the internet or otherwise. These texts function in order to provide the student either a broader perspective on the topics discussed in class or an opportunity to go more into depth with the subject matter. The texts will NOT form a part of the literature to be used at the 4-hours written exam.

Optional basic textbooks on development studies including industrial policy and strategy:

  1. Martinussen, J. (1997) Society, State and Market: A Guide to Competing Theories of Development. London: Zed Books.
  2. Cypher, J.M & Dietz, J. L. (1997) The Process of Economic Development. London: Routledge (also via CBS ebrary) (newer edition published, too).
  3. Lynn, S. R. (2002) Economic development. Theory and Practice for a Divided World, Upper Saddle River: Prentice Hall (two chapters are part of the obligatory course texts).
  4. Cimoli, M. et al. (eds.) (2009) Industrial Policy and Development. The Political Economy of Capabilities Accumulation. Oxford: Oxford University Press.