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2012/2013  KAN-IBS_IB42  International Business in Emerging Markets

English Title
International Business in Emerging Markets

Course information

Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Course period Spring
Time Table Please see course schedule at e-Campus
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Ari Kokko - Department of International Economics and Management
Ari Koko
Main Category of the Course
  • Economics, macro economics and managerial economics
Last updated on 09-07-2012
Learning objectives
The course shall enable students to analyse issues of international business in emerging markets, such as those found in Asia, Eastern Europe and Latin America. Furthermore, the course will enable students to analyse international business relationships from the perspectives of both the multinational enterprise and local stakeholders. This is a course where business cases occasionally are included and discussed, drawing on theoretical materials covered in earlier parts of the M.Sc. (IB) program. At the end of the course students must be able to:
Understand cross-country differences in development strategies across emerging markets
Analyze the role of emerging markets as destinations for Western exports and FDI
Analyze the role of emerging markets as exporters and investors in the global economy
Discuss the effects of internationalization and globalization on emerging markets
Assess risks and opportunities in emerging markets and transitional economies
International Business in Emerging Markets :
Type of test Home Assignment
Marking scale 7-step scale
Second examiner External examiner
Exam period May/June
Aids Please, see the detailed regulations below
Duration Please, see the detailed regulations below
Group project (max. 4 students, 40-60 pages), incl. tables, pictures, and figures in the main body of the project (This does not include front page, table of contents, bibliography, and appendixes). Each student must specify the individual contribution to the project.
The regular exam is held in May. Make-up/ re-take exam takes place in June. If a student is ill during project, he/she will be able to re-use the project at the make-up exam. If the student was ill during the writing of the project and did not contribute to project, the make-up/re-exam project can be written individually or in groups (provided that other students are taking the make-up/re-exam). If the student did not pass the regular exam a new or revised project, confer advice from the examiner at the regular exam, must be handed in to a new deadline specified by the programme secretariat
Course content

The course is designed as a core course in the M.Sc. IB concentration (Cand.merc.IBS) at the end of the first year. It is an applied course in which students are expected to be able to employ concepts and theories from other IB courses, especially IB25, IB40 and IB46, in addition to new material presented in this course, to understand the development of international business in emerging markets. Students are expected to demonstrate a theoretical knowledge of the subjects taught and to be able to (1) analyze different business environments, (2) identify implications for business strategies and operations in emerging economies, and (3) understand the role of emerging market firms in the global economy. Participants who are not part of the M.Sc. IB program should have a corresponding prior knowledge in international economics or international business, as well as an understanding of the role of business in development and society.



The course focuses on the following issues faced by international business across emerging markets, drawing on literature covering the above mentioned regions.
Business Environment:
How do emerging markets differ from established market economies? Why is the development of institutions so important? How do the specific business conditions impact on the strategies and operations of local businesses? How do multinational enterprises manage their relationships with host governments?

Entry Strategies in Emerging Markets:
Why do multinational firms consider engaging in business in less advanced economies? How do they design their entry-strategy, for instance with respect to entry mode and entry timing?

Operating affiliates in emerging markets:
What specific issues arise for multinational firm operating within emerging markets? How can firms handle the gap in terms of culture and economic development between their country of origin and the host country?

Teaching methods
The method is based on a pedagogical concept of learning by doing. Most of the learning occurs as participants prepare themselves individually before class and thereafter reflect upon the lecture in their groups. The preparation should include a discussion of the literature as well as the assigned case analysis. Students are thus highly recommended to form study groups. During the course, the instructors will ask various groups to prepare presentations on specific questions or aspects for the rest of the class. Furthermore, instructors reserve the right to "cold-call" on students at any time during class. Students are expected to answer questions about the readings from both the instructors and fellow students in an in-depth and well-informed manner from a variety of case based and theoretical perspectives.
Expected literature

There is no compendium for this course. A full reading list will be specified before the first lecture, and posted on Sitescape. The course coordinator uploads as much of the required readings as possible to LEARN. Additional course material will available in electronic form from the CBS library.

Last updated on 09-07-2012