Meaning of Economic Integration in International Trade
- Credits: 4
- Ending: Examination
- Range: 2C
- Semester: summer
- Year: 1
- Faculty of Commerce
Teachers
Included in study programs
Teaching results
Students will possess following abilities:
- understanding the importance of integration for international trade on the example of individual integration groups,
- knowledge of the process of development of integration from historical context,
- differences between particular forms of international economic integration on the example of integration formations,
- knowledge of current trends in integration tendencies of individual regions,
- knowledge of the advantages and possible negatives of integration processes from a global point of view,
- knowledge of the most important integration formations in the world economy.
Students will obtain following skills:
- the ability to use publicly available data and data in the field of international trade and to identify the potential of foreign trade activities of selected integration groups,
- prepare a basic survey of obstacles and perspectives of selected economic integration froups from the point of view of foreign trade,
- ability to work in the preparation of analytical material on the advantages / perspectives of integration groups in the context of their involvement in international trade.
Students will gain following competences:
- orientation in databases of international trade statistics (OECD, ITC, WTO, UNCTAD, etc.) as well as analytical materials related to integration issues,
- the ability to objectively argue the advantages and negatives of integration tendencies of the global, event. territorial point of view,
- ability to critically evaluate and synthesize theoretical knowledge and interpret analytical outputs,
- ability to communicate and present the results of teamwork - developed analytical material.
Indicative content
Theoretical background and the importance of economic integration. History of the origin and development of integration tendencies from the 19th century to the present in Europe. Basic forms of economic integration and effects of economic integration. Current trends in the process of regional integration within individual territories (Europe, Africa, Latin America, Asia, North America, post-Soviet, respectively Eurasian area). Benefits of international economic integration for international trade. WTO position in the process of international economic integration. The importance and role of regional trade agreements in international trade. The impact of the global economic crisis on the development of economic integration, resp. tendencies to disintegration.
Support literature
1. KAŠŤÁKOVÁ, Elena - DRIENIKOVÁ, Kristína - ZUBAĽOVÁ, Ľubica. (2019). Impact of the Geopolitical Changes on the EU Foreign Trade Relations with Selected Territories : Implications for the Slovak Economy. Reviewers: T.M. Isachenko, Peter Baláž. 1st Edition. Saint Petersburg : Saint Petersburg University Press, 246 s.
2. BALÁŽ, Peter - ZÁBOJNÍK, Stanislav - ŠKORVAGOVÁ, Simona - KITTOVÁ, Zuzana - ŠTĚRBOVÁ, Ludmila - KAŠŤÁKOVÁ, Elena - MINÁRIK, Marek - PAVELKA, Ľuboš - DRIENIKOVÁ, Kristína. (2019). Medzinárodné podnikanie. Recenzenti: Peter Knapik, Zuzana Silná. 1. vydanie. Bratislava : Sprint 2, 2019. 304 s. Economics.
3. MAWUBEDRJO, D., R. (2021). From Economic Cooperation to Regional Integration in Africa. Our Knowledge Publishing.
4. MUKHERJEE, Deeparghya. (2020). Economic Integration in Asia: Key Prospects and Challenges with the Regional Comprehensive Economic Partnership. Routledge; 1st edition, 220 p.
5. POMFRET, R. (2021). The Economic Integration of Europe. Harvard University Press, 2021. 272 p.
6. ZUBAĽOVÁ Ľubica - DRIENIKOVÁ Kristína - PUŠKÁROVÁ Paila. (2022). Ekonomika a obchodná politika rozvojových krajín, Leges. [online]. Dostupné na: https://of.euba.sk/www_write/files/veda-vyskum/publikacie/2022-5-31-zubalova-a-kol-ekonomika-rozvojovych-krajin.pdf
Syllabus
1. Theoretical background, degrees - forms of economic integration, their contribution / negatives for the liberalization of international trade. 2. The importance of the WTO in the process of liberalization of international trade and its role in the process of international economic integration. 3. The beginnings of the integration ideas and the development of integration tendencies from the 19th century - to the 2nd world war. 4. Development of integration efforts after World War II. The importance of sectoral integration. 5. European Communities Vs. European Free Trade Association. 6. The position of the United Kingdom in engaging in economic integration in Europe - integration vs. disintegration. 7. The European Union's relations with the most important integration units. 8. Development of integration in Africa, importance for international trade. 9. Development of integration in Latin America, importance for international trade. 10. Development of integration in Southeast Asia, importance for international trade. 11. Development of integration in North America, importance for international trade. 12. Eurasian Economic Union and its importance in the post-Soviet - Eurasian area. 13. The impact of the global economic crisis on the development of international economic integration.
Requirements to complete the course
20 % participation in seminars
20 % semestral paper and presentation
60 % final exam
Language whose command is required to complete the course
Slovak language, English language
Date of approval: 06.03.2024
Date of the latest change: 25.10.2023