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2022/2023  KAN-CCMVI2123U  Business Systems in Emerging Asia

English Title
Business Systems in Emerging Asia

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Aradhna Aggarwal - Department of International Economics, Goverment and Business (EGB)
For academic questions related to the course, please contact course responsible Aradhna Aggarwal (aa.egb@cbs.dk).
Main academic disciplines
  • International political economy
  • Organisational behaviour
  • Cultural studies
Teaching methods
  • Face-to-face teaching
Last updated on 16-11-2022

Relevant links

Learning objectives
Upon successful completion of the course, students will be able to:
  • Demonstrate the cognitive skills to apply the theory of Variety of Capitalism (VoC) to investigate the role of historical legacies and social and political institutions in determining the business systems.
  • Communicate effectively in oral and written forms how the business systems in Asia operate and how they are institutionally embedded
  • Understanding how the business systems affect the development processes including innovations, education, corporate social responsibility and FDI.
Business Systems in Emerging Asia:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
The 1st retake is a 72-hour, maximum 10-pages home
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.

The second retake is always an online oral exam (20 minutes online oral exam with no preparation time) with one internal examiner and an internal co-examiner.

First retakes are held in weeks 38-39
Second retakes are held in week 47
Description of the exam procedure


  • The examination is a term paper based on a topic that will be selected by the students with instructor’s approval
  • The term paper must apply relevant theories, literature and study material to address a clearly stated research question
  • The term paper must be based on an appropriate application of standard rules for quoting and referencing the applied literature and sources.
  • The term paper must be handed in through Digital Exam at a specified deadline
Course content, structure and pedagogical approach

The objective of the course is to introduce institutional aspects of economic processes and firm behaviour. The behaviour and performance of a firm are not determined by economic factors alone, broader social, historical and political contexts in which it operates also matter. The course aims to introduce the concept of institutions and their role in determining business structures, environment, and practices, which together constitute the national business system. More specifically, the course will provide a comprehensive understanding of how the political, social and cultural institutions, and the global economic forces interact to determine the structure and dynamics of business systems in an economy. It begins by introducing the literature on institutions and 'variety of capitalism' to students. It will then draws on the industrial economies’ experience to discuss different aspects of the national systems including firms’ organisation, financial systems, inter-firm relations, management-employees relationship, industrial relations, human skill development systems, innovation systems and the engagement of multinationals. It will be followed by analysis of how business systems evolved in Asian economies, and how they affected the development processes of China, India, and Vietnam.

Description of the teaching methods
Classroom lectures methods

Teaching methods will essentially be based on the concept of active learning with a focus on students' engagement in learning.

Class-room lectures ( total 33 hours: Short course)
• Students pre-preparation: Students will be encouraged to come prepared for the classes.
• Classroom lecture will be based on power-point presentation and students will be encouraged to engage in class debates and discussions.
• The students will be encouraged to participate in the class room by bringing questions in the class room related to the lecture for discussion.

Teaching evaluation
• The teaching methods will be evaluated after the first week of the lecture.
Students’ Assessment
• Students' performance will be evaluated through a final examination
Feedback during the teaching period
The main way for students to obtain feedback on their readings and work for this course is through active participation in class. Feedback takes place as part of the teaching, via questions and discussion.

Student workload
Preliminary assignment 20 hours
Classroom attendance 33 hours
Preparation 128 hours
Examination 25 hours
Further Information

The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment&grading.


Short 3 weeks course that cannot be combined with any other course


Course and exam timetable is/will be available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams


We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams in start March.

Expected literature

Basic Readings: 


  • Witt, M.A. and Redding G. (2014). (eds) “The Oxford Handbook of Asian Business Systems”.  Oxford, UK: Oxford University (will be covered substantially)
  • North D.C.(1990) “Institutions, Institutional Change and Economic Performance”. Chapter 1, “An introduction to institutions and institutional change".
  • Hall P.A. and Soskice D.(2001) “Varieties of Capitalism: The Institutional Foundations of Comparative Advantage” Chapter 1: Introduction
  • John R. Bowman (2013). "Capitalisms Compare: Welfare, Work, and Business". Los Angeles: Sage/CQ Press
  • Xiaoke Zhang and Tianbiao Zhu (2018) (eds) "Business, Government and Economic Institutions in China" Chapter 1: Introduction


Supplementary reading will be suggested to the students for each lecture.

Last updated on 16-11-2022