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2019/2020  KAN-CCBDO1002U  International Business and Economic Development

English Title
International Business and Economic Development

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc and MSc in Business, Language and Culture, MSc
Course coordinator
  • Michael Wendelboe Hansen - Department of Management, Society and Communication (MSC)
Main academic disciplines
  • Globalisation and international business
  • International political economy
  • Strategy
Teaching methods
  • Face-to-face teaching
Last updated on 26-06-2019

Relevant links

Learning objectives
  • Identify and describe patterns of MNC strategy, government strategy toward MNCs, and development; impacts of MNC activity in emerging markets and developing countries;
  • Understand and critically assess the quantitative methods that are employed to analyze MNC strategies and MNC development impacts;
  • Describe and discuss theories and approaches that address the complex interface between MNC strategy, host country regulation and development impacts;
  • Apply theories and approaches to analyze the interface between MNC strategies, host country regulation and development impacts. Compare and discuss the relevance and applicability of the various theories and approaches.
International Business and Economic Development:
Exam ECTS 7,5
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 Individual oral exam based on written group product
Number of people in the group 2-4
Size of written product Max. 5 pages
The synopsis can also be handed in individually. One student should hand in max 3 pages (excluding front page, list of references and possible annexes).
Assignment type Synopsis
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-point grading scale
Examiner(s) Internal examiner and external examiner
Exam period Autumn
Make-up exam/re-exam
Same examination form as the ordinary exam
There are four different scenaria for the re-exam:
1) if a student is absent from the oral exam due to documented illness but has been part of handing in the report s/he does not have to submitt a new project report, but MUST hand in the same project report AGAIN for the re-exam.
2) if an individual student fails the oral exam she/he does not have to submitt a new project report, but MUST hand in the same project report AGAIN for the re-exam.
3) if a whole group fails they must hand in a revised report for the re-take.
4) If you haven't handed in anything for the ordinary exam. You will hand in a project report for the re-exam.
Description of the exam procedure

The subject of the synopsis is chosen by the student, but must take up a topic related to the course literature. The synopsis must include presentation and/or analysis of quantitative data on FDI and/or MNCs and serves as a starting point for the examination.

Course content, structure and pedagogical approach

The aim of this course is to provide the student with a comprehensive theoretical, methodological and empirical understanding of the complex interface between the strategies of multinational corporations (MNCs) and host country development strategy, emphasizing MNC strategies in emerging markets and developing countries. One of the most significant economic developments of recent decades is the economic globalization process as reflected in the rapid growth in international trade and the surge in foreign direct investment (FDI). This process is driven by MNCs. A growing share of MNC trade and investment activities are conducted with non-OECD countries, that is with emerging markets and developing countries. Evidently, MNCs are seeking to exploit the vast but also precarious market and resource potentials of these countries. Simultaneously, emerging markets and developing countries are increasingly embarking on economic development strategies aimed at attracting MNC investment as a means to access technology, capital, organizational and marketing know-how, etc.


The course includes the following main elements:

  • Introduction: Mapping trends in MNC activity and foreign direct investment

  • Investment strategies: Investment motives and sourcing strategies of MNCs in emerging markets and developing countries;

  • Dragon multinationals: The growing importance of MNCs coming from emerging markets;

  • Upgrading and spill overs: Development impacts of MNC activity on host countries; Spillover effects and upgrading from collaboration between MNCs and local firms in developing countries; FDI’s role in building and sustaining national competitiveness.

  • Investment policy, regulation and standards: Home and host country measures to promote and control activities of MNCs; the role assigned to MNCs in industrial development strategies; Global governance and regulation of MNCs.


Dealing with the above issues, the course will present the major theoretical and analytical contributions to the study of the interface between MNC strategies and host country development. Empirically, the course will draw mainly on examples and cases of Danish and OECD based MNCs’ investments in developing countries and emerging markets. The course will furnish students with tools that allow them to conduct and evaluate quantitative analysis of large data sets. 

Description of the teaching methods
Classes will be a mixture of lectures with discussions, cases, exercises and student presentations. Students are expected to make a presentation during the course and participate actively in exercises on quantitative methodology. Course literature amounts to 800-1000 pages.
Feedback during the teaching period
In connection with student presentations, faculty will provide feedback on the content and format of the presentations.
Student workload
Lectures 30 hours
Exam 4 hours
Preparation 172 hours
Total 206 hours
Expected literature

Articles and extracts from


  • Journal of International Business Studies (JIBS);
  • Journal of World Business;
  • World Investment Report;
  • Strategic Management Journal



Selected publications by e.g.


  • John Dunning
  • Alan Rugman
  • Peter Buckley
  • John Caves
  • Magnus Blomström
  • John Barney
  • Johan Forsgren


Complete list will be available on Canvas

Last updated on 26-06-2019