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2019/2020  KAN-CIBSO1059U  International Business in Emerging Markets

English Title
International Business in Emerging Markets

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Ari Kokko - Department of International Economics, Governance and Business (EGB)
Main academic disciplines
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 28-06-2019

Relevant links

Learning objectives
The course aims to enable students to analyze issues of international business in emerging markets in Asia, Eastern Europe/Russia, Africa and Latin America. Furthermore, the course will enable students to analyze international business relationships from the perspectives of both the multinational enterprise and local stakeholders. At the end of the course students should 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
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved: 1
Compulsory home assignments
In order to participate in the ordinary exam students must get 1 out of the 2 assignments approved. All assignments are intended for groups of two students (or individual students).

Most of the course focuses on theoretical and conceptual discussions about the various dimensions of international business in emerging markets. However, a number of country cases will be introduced to illustrate some of the empirical challenges related to economic development and international business. These cases often describe processes that are more complex and unclear than what is outlined in stylized theoretical models. One reason, of course, is that theories are simplifications that disregard all those dimensions of reality that are not thought to be essential for the causal relationships that are analysed. Reality is rarely very neat; many things happen at the same time.

The assignment, in both activity 1 and activity 2, is to connect the specific empirical case to the broader theoretical and empirical patterns discussed in the course. Examples of questions to be addressed in the assignments are: To what extent does the specific case confirm or contradict specific theories and empirical patterns identified in other lectures? Does the case add further dimensions to theories?
The specific questions to be addressed in the assignment will be distributed in connection with the presentation of the country case. Assignments are to be handed in one week after the presentation of the country case. Maximum length: 3 pages per assignment.

1. Activity 1 – Country case: China
2. Activity 2 – Country case: India

Students will not have extra opportunities to get the required number of compulsory activities approved prior to the ordinary exam. If a student has not received approval of the required number of compulsory activities or has been ill, the student cannot participate in the ordinary exam.
If a student prior to the retake is still missing approval for the required number of compulsory activities and meets the pre-conditions set out in the program regulations, an extra assignment is possible.

The extra assignment is a 10 page home assignment that will cover the required number of compulsory activities. If approved, the student will be able to attend retake.
International Business in Emerging Markets:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Group exam
Please note the rules in the Programme Regulations about identification of individual contributions.
Number of people in the group 2-4
Size of written product Max. 45 pages
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) Internal examiner and external examiner
Exam period Summer and Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

Each student must specify the individual contribution to the project.
Exam question to be published 2 weeks before the exam hand in.


Please note an exemption is required if a student wishes to complete the assignment individually.


If the student did not pass the regular exam, a new or a revised project, cf. advice from the examiner of the ordinary exam, must be handed in by the new deadline.


* if a whole group fails the exam they must hand in a revised product for the re-take. 
* if one student in the group fails the exam the course coordinator chooses whether the student will have the exam on the basis of the same product or if he/she has to hand in a revised product for the re- take.

Course content, structure and pedagogical approach

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? What development strategies have generated growth and internationalization? Why is the development of institutions so important? How do the specific business conditions impact on the strategies and operations of local businesses?
  • Internationalization:How internationalized are emerging market firms? What are the obstacles to export development and internationalization?  What is the role of emerging market MNCs in the global economy?
  • Markets and Market Conditions. Why do multinational firms consider engaging in business in less advanced economies? What adjustments are necessary to established business practices? How are emerging markets influenced by the presence of Western enterprises?
  • Risk: What are the specific risks in emerging markets? How are emerging markets influenced by global crises?
Description of the 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.
Feedback during the teaching period
Feedback will be given as:
1) Individual feedback during office hours.
2) Individual/group-level feedback during supervision meetings.

Student workload
lectures 33 hours
preparation for classes and exam 170 hours
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 28-06-2019