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Syllabus & Course Requirements. Country Reports. Focus of the course will be on evaluating the current business and economic environment at the country level. Why ? First step of doing business in a new market is understanding the macro level environment.
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Country Reports • Focus of the course will be on evaluating the current business and economic environment at the country level. Why? • First step of doing business in a new market is understanding the macro level environment. • Policies are analyzed at a comparative level. Aggregate outcomes have a strong correlation with individual outcomes.
Poor people in rich countries vs. rich people in poor countries World Development Indicators & calculations http://databank.worldbank.org/ddp/home.do?CNO=2&Step=12&id=4
Focus: Quantitative and Concrete Analysis • Why?Qualitative Approaches valid but • Quantitative methods more accessible and make for more direct comparisons. • Economics focuses on quantifying outcomes.
Focus: Primary Sources • Read Original Scholarly Work • Real World Data • No Textbook, only Reading Packet
Outline • Introduction • Course Details– Syllabus • Globalization– Trends in globalization. Discussion of comparative advantage and alternative ideologies. Alternatives to Globalization. • Country Analysis Framework Introduction. Context. Orientation. Comparison groups. Performance. • Context • ResourcesNatural Resources; Curse; Human Capital; Demographics. • InstitutionsFoundations. Players of the Game. Formal institutions. Social Capital. • Foundations. Colonial History. Political Environment. Social Capital • Culture/Mind Models • Strategy • Market Orientation Varieties of Capitalism • History of Development Strategy Industrial policy • Alternative Models of Development Happiness, Human Development • Competitiveness. • Transition Strategies (if time) • Risks • Political Risk Social Conflict; Government Risk • Fiscal Risk Taxes; Budget Sustainability; Default • Financial Crisis (if time)
Homework Assignments • Form groups of 2-3 people. • Three homework assignments: 25 points total
Paper • Country Report: Write an analysis of a country of your choice (not HK, USA, PRC or Korea). • Use the tools learned in this course and real world research. • Maximum 6 pages including bibliography, tables. • Individual work. • 25 points
Writing Assignment • 4-6 Double Spaced report on country analysis • Due: Friday, December 6th, 2014 • Cover background, business environment, social welfare, development, risks of a single country. • Use data sources, http://home.ust.hk/~davcook/Data%20Sources.htm
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24406.0 http://www.imf.org/external/pubs/cat/longres.aspx?sk=24406.0 http://www.imf.org/external/pubs/cat/longres.aspx?sk=24406.0
Exam • In class • Midterm Exam: 15 points • Final Exam: 35 points