Course: Impacts of Globalization on the Developing Countries

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Course title Impacts of Globalization on the Developing Countries
Course code KEK/IDCIM
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study not specified
Semester Summer
Number of ECTS credits 5
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements Course does not contain work placement
Recommended optional programme components None
  • Kocourek Aleš, doc. Ing. Ph.D.
Course content
1. Classifications of the developing countries, differentiation of the developing world, emerging markets, newly industrialized countries, least-developed countries, land-locked countries, small island developing states, etc. 2. Theories of developing economies: theories of vicious circles, Myrdal approach to development, Marxist, neoclassical, and Keynesian theories of growth and development. 3. Sectoral analysis of developing economies: role of primary, secondary, and tertiary sector, similarities and differences in the developing world. 4. Raw-material exporters: specifics of agricultural producing countries, specifics of mineral-resource exporting countries, specifics of oil exporting economies, role of OPEC, Dutch disease. 5. Newly industrialized countries and emerging markets: industrialization, tertiarization, catching-up, import substitution, export determination. 6. Least developed countries, heavily indebted poor countries, development aid and development cooperation. 7. International movement of goods and services: North-South international trade, South-South international trade, barriers to trade, influence of WTO and bilateral FTAs. 8. International movement of labour: major global migration routes, impacts of migration in the developing countries. 9. International movement of capital: main source and destination countries, impacts on the labour markets and growth in the developing economies. 10. International institutions and development banks, G-20, economic integration within the developing world.

Learning activities and teaching methods
Monological explanation (lecture, presentation,briefing), Dialogue metods(conversation,discussion,brainstorming), Students' portfolio
  • Home preparation for classes - 30 hours per semester
  • Preparation for comprehensive test - 30 hours per semester
  • Class attendance - 30 hours per semester
Learning outcomes
The course is strongly synthetic as it combines the knowledge of the world economy, globalization and integration processes, economic policies, macroeconomics, and microeconomics. Thus, students gain a complex picture of the role and position of the developing countries in the globalized world. They learn how the external influences affect the situation in the developing economies and realize how the developing countries enforce their interests in the interdependent world economy.
Students obtain knowledge in given course in accordance with requirements and course programme.
Knowledge of the world economy and international economics in the range of bachelor studies, knowledge of the macroeconomic theory in the range of master studies.

Assessment methods and criteria
Written exam, Presentation of group work

Elaboration of a case study & presentation of its findings at the seminar. Written test
Recommended literature
  • NAYYAR, Deepak. Developing Countries in the World Economy: The Future in the Past?. Helsinki, Finnland, 2009. ISBN 9789292302177.
  • PERKINS, Dwight H., Steven RADELET, David L. LINDAUER, and Steven A. BLOCK. Economics of Development. London, UK, 2012. ISBN 9780393114959.
  • RITZER, George and Zeynep ATALAY. eds. Readings in Globalization: Key Concepts and Major Debate.. Chichester, UK, 2010. ISBN 9781405132732.
  • THIRLWALL, Anthony P. and Penélope PACHECO-LÓPEZ. Economics of Development: Theory and Evidence.. London, UK, 2017. ISBN 9781137577948.
  • THIRLWALL, Anthony P. Growth and Development: With Special Reference to Developing Economies.. London, UK, 2005. ISBN 9781403996015.
  • TODARO, Michael, and Stephen C. SMITH. Economic Development.. London, UK, 2014. ISBN 9781292002972.
  • VELTMEYER, Henry and Paul BOWLES. eds. The Essential Guide to Critical Development Studies.. Oxford, UK, 2017. ISBN 9781138049970.

Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester