Economies and Trade Policies of Developing Countries

Teachers

Included in study programs

Teaching results

Students will possess following abilities:
- To identify and analyze development and trade issues associated with developing countries, taking into account their macroeconomic policies, in particular trade policy,
- To analyze the significance of formal and informal economic integration for developing countries and their implications for international trade,
- To identify the particularities of trade policies of developing countries and the existing instruments of trade policy cooperation.
Students will obtain following skills:
- To design and evaluate macroeconomic solutions for the development of developing countries, with particular focus on the development of their international trade and entrepreneurship,
- To highlight real barriers to the development of developing countries, with particular focus on the development of their international trade and business,
- To formulate, in an innovative way, the recommendations for trade policy and other macroeconomic policies of developing countries, taking into account their historical conditions and current challenges of the globalized economy.
Students will gain following competences:
- To work autonomously in the preparation of analytical materials on the development solutions for developing countries,
- To present own solutions in expert communities in the field of economy and trade policy of developing countries,
- To conduct professional discussions in the field.

Indicative content

Theoretical background and characteristics of developing countries (DC), causes of lagging behind and development solutions provided through various instruments (trade policy, development aid, economic integration), the position of DC in world trade, geographical specifics of DC development (Latin America, Asia, Africa), international organizations as a tool of foreign trade policy development of the DC, migration and climate pressures on the current development of the DC.

Support literature

1. ZUBAĽOVÁ Ľubica - DRIENIKOVÁ Kristína (2023). Ekonomika a obchodná politika rozvojových krajín, postavenie v medzinárodnom obchode, dlhová kríza a vplyv migrácie. [online]. Vysoká škola európskych a regionálnych štúdií. Dostupné online: https://of.euba.sk/www_write/files/veda-vyskum/publikacie/2023/2023-1-9-zubalova-drienikova-ekonomika-a-obchodna-politika-rozvojovych-krajin.pdf
2. ZUBAĽOVÁ Ľubica - DRIENIKOVÁ K, PUŠKÁROVÁ Paula. (2022). Ekonomika a obchodná politika rozvojových krajín. [online]. Leges. Dostupné na: https://of.euba.sk/www_write/files/veda-vyskum/publikacie/2022-5-31-zubalova-a-kol-ekonomika-rozvojovych-krajin.pdf
3. ACEMOGLU, D. – ROBINSON, J.A. (2012). Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Crown Business.
4. LANOSZKA, A. (2017). International development. Socio-economic theories, legacies and strategies. Routledge.
5. RAY, D. (1998). Development Economics. Princeton University Press.
6. TREBILCOCK, M., PRADO, M. (2014). What Makes Poor Countries Poor? Edward Elgar Publishing.
7. SEN, A. (2010). Development as Freedom. Anchor.

Syllabus

1. Theoretical background and characteristics of developing countries (DC). 2. Tenets of economic development in DC, causes of lagging behind. 3. Poverty traps. Opportunities to address the development issues within the trade policy. Trade promotion - Fair trade. 4. Development aid - trends, critical insights, benefits. Aid for Trade. 5. Particularities of international economic integration in DC, various approaches to trade policy 6. ACP countries (Africa, Caribbean, Pacific) - development, trade relations. 7. The position of DC in world trade. Territorial and commodity structure of trade in DC. 8. Newly industrialized countries (1st wave, 2nd wave); trends in the trade policy approach. 9. Least developed countries and their position in international trade. Development paths within the trade policy, preferential trade systems. 10. Indebtedness of DC - trends, international initiatives to solve and current situation, impact on foreign trade indicators of DC. 11. Raw materials to boost trade, OPEC. 12. Developing countries and migration, migration in the context of foreign trade policy. 13. Impact of climate change on DC, opportunities to pursue trade with DC under climatic challenges

Requirements to complete the course

10 % mid-term written exam
10 % case studies, including discussion
20 % final paper, including presentation and discussion
60 % final exam

Student workload

Total: study load 7 credits x 26 h = 182 hours
Separate study load for individual educational activities:
Attending lectures: 26 hours
Attending seminars: 26 hours
Preparation for seminars: 26 hours
Preparation of a final paper: 26 hours
Preparation for the written mid-term exam: 26 hours
Preparation for the final exam: 52 hours

Language whose command is required to complete the course

Slovak, English

Date of approval: 06.03.2024

Date of the latest change: 29.10.2024