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Transitional Countries Integration with the European Union

Transitional Countries Integration with the European Union. 4th period 2009-2010 Intensive Course 1st Lecture Monday 12.4.2010 Professor Juha Väätänen. Goal of the Course. To understand the basics of competitiveness globally and within EU

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Transitional Countries Integration with the European Union

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  1. Transitional Countries Integration with the European Union 4th period 2009-2010 Intensive Course 1st Lecture Monday 12.4.2010 Professor Juha Väätänen

  2. Goal of the Course • To understand the basics of competitiveness globally and within EU • To get familiar with new and future EU member states and the enlargement process • To get knowledge on dynamics of the trade and investment flows inside EU

  3. Own Background • Professor, International Business • Teaching and researching transitional economies • Transitional countries visited: Estonia, Latvia, Lithuania, Poland, Czech republic, Slovakia, Hungary, Slovenia, Croatia, Romania, Bulgaria, Russia and Ukraine

  4. Teaching • Lectures: • Monday 12.4 2 h (12-14) r. 4501 • Tuesday 13.4 3 h (12-15) r. 4501 • Tuesday 20.4 6 h (11-17) r. 2303 • Thursday 22.4 6 h (10-16) r. 7343.2 • Monday 26.4 6 h (10-16) r. 7343.2 • Wednesday 28.4 6 h (10-16) r. 4402

  5. Requirements • Course assignment (presentation) 30% of grade • Investigating various aspects of EU competitiveness • Exam Monday 10.5 at 16.15-19.15 70% of grade • Both assignment and exam have to be passed acceptably. • Course readings: • Tauno Tiusanen, Business Climate in Transitional Economies LUT, Nordi, publication 48 available:http://www.lut.fi/en/NORDI/publications/publicationslist/2008/Documents/48_Business_climate_in_Transitional_Economies.pdf • UNCTAD, World Investment Report 2009 available: http://www.unctad.org/en/docs/wir2009_en.pdf • World Economic Forum, The Global Competitiveness Report 2009-2010 available: http://www.weforum.org/pdf/GCR09/GCR20092010fullreport.pdf

  6. Course assignment • Instructions • Group of 3 persons • Each group will prepare a course assignment investigating EU competitiveness • Powerpoint presentation max. 20 min • More instructions on the handout • Groups should be formed as soon as possible (today)

  7. Professor Juha Väätänen Office 4658 e-mail: juha.vaatanen@lut.fi Office hour: Tuesdays at 13-14 Assistant Juha Hinkkanen Office 4650 e-mail: juha.j.hinkkanen@lut.fi Office hour: Wednesday at 12-13 Contact Information

  8. EUROPEAN UNION Source: Europa

  9. Source: Europa

  10. European Union & EU candidate countries Croatia, FYR Macedonia, Turkey and now also Iceland Source: Europa

  11. Which countries are competitive?

  12. What is competitiveness? Source: UNCTAD, IMD, WEF

  13. Professor Michael E. Porter World Economic Forum & Harvard Business School, The Institute for Strategy and Competitiveness What is competitiveness? Source: WEF

  14. WEF, The World Economic Forum Source: WEF

  15. WEF, The World Economic Forum • WEF is an independent international organization committed to improving the state of the world • Global Competitiveness Report • annual study • one of the leading monitors of the competitive condition of economies worldwide • assessed 133 economies in the last report • www.weforum.org Source: WEF

  16. WEF, The World Economic Forum • The methodology used by the Forum to assess national competitiveness has evolved over time, taking into account the latest thinking on the factors driving competitiveness and growth • The Global Competitiveness Index (twelve pillars and three stages of development) Pillars: 1) Institutions 2) Infrastructure 3) Macroeconomy 4) Health and primary education 5) Higher education and training 6) Goods market efficiency 7) Labor market efficiency 8) Financial market sophistication 9) Technological readiness 10) Market size 11) Business sophistication 12) Innovation Three development stages, which are based on USD GDP per capita at market exchange rates and the extent to which countries are factor driven (share of exports of primary goods in total exports) : • Factor-driven2) Efficiency-driven3) Innovation-driven Source: WEF

  17. New Global Competitiveness Index rankings TOP 10 Source: World Economic Forum

  18. IMD, International Institute for Management Development • Leading provider of Executive Education for large and medium size international businesses, and for individuals • World Competitiveness Center • World Competitiveness Yearbook • Yearbook (WCY) is an annual report on the competitiveness of nations, ranking and analyzing how a nation’s environment creates and sustains the competitiveness of enterprises • 55 economies analyzed • Includes 331 different criteria, grouped into four Competitiveness Factors: Economic performance, Government efficiency, Business efficiency and Infrastructure Source: IMD

  19. Economic Performance Domestic Economy International Trade International Investment Employment Prices Government Efficiency Public Finance Fiscal Policy Institutional Framework Business Legislation Societal Framework Business Efficiency Productivity Labor Market Finance Management Practices Attitudes and Values Infrastructure Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education IMD, International Institute for Management Development List of Criteria Source: IMD

  20. IMD, The World Competitiveness Scoreboard TOP 10 Source: IMD

  21. UNCTAD, United Nations Conference on Trade and Development • Provides information on • Globalization and development • International trade and commodities • Investments • Technology and enterprise development • www.unctad.org Source: UNCTAD

  22. UNCTAD, Foreign Direct InvestmentsInward FDI per capita, flow 2007, $ (countries with population over 0,5 million) TOP Performers Source: UNCTAD 2008

  23. UNCTAD, Foreign Direct InvestmentsInward FDI per capita, stock 2007, $(countries with population over 0,5 million) TOP Performers Source: UNCTAD 2008

  24. Which countries are competitive?

  25. Teaching • Lectures: • Monday 12.4 2 h (12-14) r. 4501 • Tuesday 13.4 3 h (12-15) r. 4501 • Tuesday 20.4 6 h (11-17) r. 2303 • Thursday 22.4 6 h (10-16) r. 7343.2 • Monday 26.4 6 h (10-16) r. 7343.2 • Wednesday 28.4 6 h (10-16) r. 4402

  26. Course assignment -Topics • Presentations on Monday 26.4 • Comparison of labor costs in EU member countries • European design, global manufacturing – Case H&M • Global competitiveness of European car manufacturing • Successful exporter from new EU-member country Slovenia – Case Gorenje • High-tech success story from EU? – Case Airbus • Presentations on Wednesday 28.4 • 6. New EU members in 2007 – Country presentation Romania • 7. New candidate country – Country presentation Turkey • Agricultural sector in the EU • R&D – EU’s best opportunity for success in the global competition?

  27. Source: Europa

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