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| Language |
English |
| Exam ECTS |
7.5 ECTS |
| Type |
Elective |
| Level |
Bachelor |
| Duration |
One Quarter |
| Course period |
Spring
Changes in course schedule may occur.
tuesday 11.40-13.20, week 6-8,10-13
tuesday 11.40-14.15, week 9.
thursday 11.40-13.20, wwek 6-7,10-13
thursday 11.40-14.15, week 8-9 |
| Time Table |
Please see course schedule at e-Campus |
| Max. participants |
55 |
| Study board |
Study Board for Asian Study Programme
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| Course
coordinator |
- Niels Mygind - Department of International Economics and
Management (INT)
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| Administration:
Kathrine Christoffersen klc.stu@cbs.dk |
| Main academic
disciplines |
- Globalization, International Business, markets and studies
- International Political Economy
- Economics, macro economics and managerial
economics
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Last updated on
02-01-2014
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| Learning objectives |
The course will prepare students to:
- 1. understand the institutional changes in the transition to a
developed market economy
- 2. understand trends and interactions between politics,
institutions and economy in emerging markets and the role of
institutions for growth and business development
- 3. understand and explain the role of the emerging economies in
the globalization process
- 4. understand the risks and opportunities in emerging
markets?
- 5. identify similarities and differences between the
development in different emerging markets
- 6. present, critically assess and apply theories and concepts
presented throughout the course
- 7. identify relevant indicators for political risk,
institutional quality and economic development and find updated
information using the internet and the CBS library
- 8. be able to use the analysis of emerging economies as
background for proposing strategies for companies doing or planning
to do business in these markets
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| Course prerequisites |
| All undergraduates, with some basic
economics background preferred. |
| Examination |
|
Oral exam
based on a written product:
|
| Examination form |
Oral exam based on written product
In order to participate in the oral exam, the written product
must be handed in before the oral exam; by the set deadline. The
grade is based on an overall assessment of the written product and
the individual oral performance. |
| Individual or group exam |
Group exam, max. 5 students in the
group |
|
Max 5 pages pr. student |
| Assignment type |
Project |
| Duration |
Written product to be submitted on specified date and
time.
20 min. per student, including examiners' discussion of grade,
and informing plus explaining the grade |
| Grading scale |
7-step scale |
| Examiner(s) |
Internal examiner and second internal
examiner |
| Exam period |
Spring Term |
| Make-up exam/re-exam |
Same examination form as the ordinary exam
|
Description of the exam
procedure
The project involves analyzing one of
the issues related to emerging markets. The specific themes will be
based on the various topics and theoretical frameworks presented in
the course and applying them to the experiences of one or more
selected emerging markets. The course-readings are important
introductions to the subject of institutions in emerging markets
and should be complemented with specialized literature on the
country-cases. Students shall make teams of 3-6 persons and write
projects of max. 5 pages per student. At the oral exam the team
start with a short presentation followed by discussion and
questions directed to individuals in the team. Individual grading
of the course will be based both on specialist knowledge (as shown
in the project and in the oral exam) and on general knowledge of
the field (as shown in the oral
exam).
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| Course content and
structure |
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Course content
The course provides students with knowledge of the development in
emerging markets including societies in transition. The emphasis is
on large economies such as the BRIC-countries: Brazil, Russia,
India and China, but also smaller economies in Asia and Eastern
Europe are included as well as other emerging markets. Students are
at liberty to choose any emerging market and a theme for their
projects. However, ASP students must choose an Asian country for
deeper analysis. The course focuses on the institutional changes
which have opened up for high growth in these economies.
The course gives an overview of recent political, institutional
and economic developments in main emerging markets. It is based on
an interdisciplinary framework to focus on, how institutions have
changed, how they contribute to economic growth and development,
and how they continue to act as barriers to change. The focus is on
the interaction between politics, institutions (formal and informal
- culture) and the economy. Special emphasis is put on the relation
between enterprises and the development at the level of society.
Preliminary plan for the course:
Preliminary plan for the course:
1. Globalization, institutional development and emerging markets,
and a model for analyzing societies.
2. Growth and indicators for institutional development.
3. Stabilization and liberalization/institutional change,
privatization and enterprise governance & restructuring,
4. China – Virtuous circles in Chinese growth - can it go on?
5. India – democracy and economic development - risks and
opportunities
6. Brazil – macro stabilization, development and inequality
7. Russia and Eastern Europe – transition from command to
market economy
8. Globalization, FDI, and integration. The role of Emerging
Economies in the World Economy
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| Teaching methods |
| The course is lecture-based and
complemented by class discussions and team presentations of
country-cases and themes. The course leads towards a project
prepared by student teams on one or more emerging marketsof their
choice. Presentations, literature, data and case materials are
accessible through LEARN. |
| Expected literature |
|
Basu, K. 2012, The Indian Economy: Rising to Global Challenges,
Cornell University,
https://crawford.anu.edu.au/acde/asarc/pdf/narayanan/oration/2012oration.pdf
BCG/Knowledge Wharton (2007): What’s next for India –beyond the
back office, 15p.
http://knowledge.wharton.upenn.edu/papers/download/manufacturingindiareport.pdf
BCG/Knowledge Wharton (2011): Rethinking Operations for a
Two-speed World, special report, pp. 1-19
http://knowledge.wharton.upenn.edu/papers/download/020111_RethinkingOperationsforaTwo-speedWorld.pdf
Bush, R. (2011), “As Number One, China to Face Hour of Choice”,
YaleGlobal, June 30.
http://yaleglobal.yale.edu/print/7149
Branstetter L. and N. Lardy (2006): China’s embrace of
globalization, NBER working paper series no. 12373 pp
3-56.
Böttcher & Deuber: As time goes by… Mixed showing after five
years of EU eastern enlargement, DBResearch 12-05-2009, pp. 3-14 +
26-30.
http://www.dbresearch.de/PROD/DBR_INTERNET_EN-PROD/PROD0000000000241156.pdf
Deutsche Bank Research: (2006): Brazil: O pais do futuro? –
Economic scenarios for the next 15 years. pp 1-10.
www.dbresearch.de
Deutsche Bank Research (2011): China’s financial integration into
the world economy, pp 1-15.
http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000281144.pdf
EBRD: Transition report (latest), London.
www.ebrd.com
Economist: Special report on India (Sept 29, 2012); Brazil (Oct
Goldman Sachs (2010), “Is this the ‘BRICs Decade’?”, BRICs
Monthly, Issue 10/03, May.
http://www.goldmansachs.com/our-thinking/archive/archive-pdfs/brics-dream.pdf
IMF (2005): World Economic Outlook, September, ch. 3
Building Institutions pp.125-153
http://www.imf.org/external/pubs/ft/weo/2005/02/pdf/chapter3.pdf
IMF: relevant recent country reports.
Mygind N. (2011): Transition from plan to market – a PIE analysis,
CBS, (25 pages), January 2011.
http://openarchive.cbs.dk/handle/10398/8486
Mygind N. (2008): Virtuous circles in Chinese growth - can it go
on? 24 pages
Mygind, N. (2007): The PIE Model: Politics, Institutions, Economy,
A Simple Model for Analysis of the Business Environment, CEES/CBS
(26 pages),
http://openarchive.cbs.dk/cbsweb/handle/10398/7062
OECD recent Economic Surveys for Brazil, Russia, India, China –
through CBS Library with access to OECD I-library
Redding, G. (2005).’The Thick Description and Comparison of
Societal Systems of Capitalism,’ Journal of International
Business Studies, 36: 123–155
Tushar Podder and Eva Yi ( 2007): India’s Rising Growth Potential
in pp 11-25 , in BRICs and Beyond, Goldman Sachs 2007, BRICs and
Beyond,
http://www.goldmansachs.com/our-thinking/archive/archive-pdfs/brics-book/brics-full-book.pdf
UNCTAD (latest): World Investment Report.
www.unctad.org
UNDP (latest): Human Development Report.
http://hdr.undp.org
Wilson, D. and Purushothaman, D. (2003),”Dreaming with BRICs: the
Path to 2050”, Global Economics Paper No. 99, New York, Goldman
Sachs.
http://www.goldmansachs.com/our-thinking/archive/archive-pdfs/brics-dream.pdf
World Bank (2011), Multipolarity: The New Global Economy, Overview
pp. 1-10, Global Development Horizons 2011
http://siteresources.worldbank.org/INTGDH/Resources/GDH_CompleteReport2011.pdf
World Bank (2013): China 2030, Building a Modern, Harmonious and
Creative Society, Part 1, pp. 1-65
http://www.worldbank.org/content/dam/Worldbank/document/China-2030-complete.pdf
Xavier et al (2013): Charting a steady course-turning Brazil into
a business and investment hub, BCG pp 3-16
https://www.bcgperspectives.com/content/articles/globalization_mergers_acquisitions_charting_a_steady_course_turning_brazil_into_business_investment_hub/ |
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