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Lehrende: Prof. Dr. Jarko Fidrmuc
Veranstaltungsart:
Seminar
Orga-Einheit: Corporate Management & Economics
Anzeige im Stundenplan:
Proseminar Economics
Semesterwochenstunden:
3
Credits:
9,0
Standort:
Campus der Zeppelin Universität
Unterrichtssprache:
Englisch
Min. | Max. Teilnehmerzahl:
10 | 35
Prioritätsschema: Standard-Priorisierung
Inhalte:
The economic and political development of the last three decades was characterized by globalization and a decline of the old superpowers as well as the rise of new superpowers. However, the last years were different! On the one hand, we faced increased tensions between the largest global economies, resulting in increased trade restrictions, sanctions, and trade wars. The beginning of the open War in Ukraine in February 2021 confirmed a new divide of the world comparable to the Cold War. On the other hand, the technological innovations related to digitization, spurred by the pandemic developments in 2020-2022, made it possible that globalization spread to areas protected by geographical distance and borders. The new regulations and sanctions are increasingly circumvented by online trade and payments in cryptocurrencies. In turn, the recent advances in robotization and artificial intelligence fueled the re-shoring and deglobalization, which represent new phenomena in the global economy.
This course shall enhance a basic understanding of development economics and the new trends of globalization. We will discuss the position of large and small developing as well as developed countries, superpowers and regional hegemons resulting in opportunities and challenges for the global economy and society. Moreover, the course will convey methodical basics in order to approach such economically complex issues.
This introductory course provides a brief overview and the historical background to the economic and political development in selected developing countries. The particular focus will be put on China and Eastern Europe, especially on the implications of the War in Ukraine. In the presentations (75%) and seminar papers (25%), students are supposed to address current economic policy through macroeconomic data and analysis in selected countries and regions, thereby touching upon concepts of the labor market, industry structures and e.g. cultural characteristics. A special attention will be put on the recent issues related to the position of China in the global economy (silk road initiative) and world policy (Ukraine War). Furthermore, the course will examine key corporate actors such as Tencent, Alibaba as well as foreign firms entering the global markets like Amazon, Daimler, etc. Finally, the course will explore the question what role the BRICs will play in the future.
Lernziele:
The participants develop analytical and critical competencies to systematically explore the depth of institutions in selected countries. It involves in particular the development of the ability to understand developing economics and globalization and analyze data and development trends from these countries. The lectures and assignments will emphasize class contribution and discussion as well as working in groups on presentations. Additionally, close reading skills on main economic developments are essential for making us better global citizens and economic actors.
Weitere Informationen zu den Prüfungsleistungen:
Midterm 75%, Endterm 25%
Literatur:
Rolland, Gerard (2016) Development Economics, Routledge, New York.
Baldwin, Richard (2016) The Great Convergence: Information Technology and the New Globalization. The Belknap Press of Harvard University Press.
Baldwin, Richard & Freeman, Rebecca & Theodorakopoulos, Angelos 2024. "Deconstructing Deglobalization: The Future of Trade is in Intermediate Services," Asian Economic Policy Review, Japan Center for Economic Research, vol. 19(1), pages 18-37
Baldwin, Richard & Forslid, Rikard, 2023. "Globotics and Development: When Manufacturing Is Jobless and Services Are Tradeable," World Trade Review, Cambridge University Press, vol. 22(3-4), 302-311.
CoreEcon (2024) The Economy: A South Asian Perspective (TESA), https://www.core-econ.org/project/the-economy-a-south-asian-perspective/
Dorn, David & Hanson, Gordon (2013) "The China Syndrome: Local Labor Market Effects of Import Competition in the United States," American Economic Review 103, 2121-2168.
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