World Economy 2 (in English)

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 1
  • Faculty of International Relations

Teachers

Included in study programs

Economic Diplomacy (in English language)

Teaching results

The aim of the course is to understand the issues of economic development of the countries of Southeast Asia, the so-called Asian tigers (with the addition of Japan and China). The main task of
the course is to introduce economic development in the context of political changes in order to understand the basic historical and economic context and specifics of the region. The emphasis is put not only on economic history, but also on understanding the current economic situation based on historical events. The course is designed on the basis of the so-called case studies of the development of individual economic milestones in the history of selected countries in the region, solutions to economic crises and analysis of development plans for the future.
Knowledge
The student will gain knowledge about economic and historical development in the region, the
context of this development, will understand the conditions of economic formation of individual
states.
Competence
Graduate of the course International economics - regional aspect will be oriented in the position of the region in the world economy and will be able to predict its development as well as possible further participation in world trade and integration groups, will understand economic policy in the region, especially the foreign economic policy.
Skills
After completing the course, the student should:
- Understand the economic and political development in selected countries of the region
- Based on the application of knowledge of economic theory, student will be able to understand the context in this economic development
- Understand the connections between the political regime and applied economic theory
- Know the economic solutions that have been applied in the region to manage economic crises
- Evaluate the measures taken and understand the results they have produced
- Critically propose appropriate economic measures
- Predict possible future scenarios of economic development in the region.

Indicative content

Introduction to the economic history of SE Asia. Japan. Japan II, Asian crisis. NICs in general. South Korea. Taiwan. Hong Kong + Singapore. NIK II Thailand + Malaysia. Indonesia + Philippines. Vietnam as a new "tiger". India - specific position in the region. Integration groups in Asia. China.

Support literature

STUBBS, R. 2018. Rethinking: Asia´s Economic Miracle. London: Palgrave. 2nd edition. ISBN 978-1-137-5525-4.
STUDWELL, J. 2014. How Asia Works. Success and Failure in the World's Most Dynamic Region. Grove/Atlantic, Inc. ISBN 978-0802121325
SCHUMAN, M. 2010. The Miracle: The Epic Story of Asia's Quest for Wealth. Harper Business.
ISBN 978-0061346699
KIM, E.M. 1999. The Four Asian Tigers: Economic Development and the Global Political
Economy. Emerald Publishing. ISBN 978-0-124-07440-8
CLIFFORD, M.L., PAU, J. 2011. Through the Eyes of Tiger Cubs: Views of Asia´s Next
Generation. ISBN 978-1-118-09464-8
KAWAI, Masako – PETRI, Peter.A. - CAPANELLI, Giovanni: Asian Regionalism in the World Economy. Edward Edgar Publishing. 544 pages. ISBN 97818488448544.
KATZENSTEIN, Peter,J.: A World of Regions: Asia and Europe in the American Imperium (Cornell Studies in Political Economy). Cornell University Press. 2005. 320 pages. ISBN – 13: 9780801443596.
ITO, Takatoshi – HOSHI, Takeo: The Japanese Economy. The MIT Press. 2020. 616 pages. ISBN 9780262538244.
NAUGHTON,Barry,J.: The Chinese Economy. The MIT Press. 2018. 608 pages. ISBN 9780262534796.
HANDELMAN, Howard – BRYANEN, Rex: Challenges of the Developing World. Published by Lanham Boulder New York London Rowman&Littlefield Publishing, Inc. 2017. 363 pages. ISBN 978538116661.

Syllabus

1. Introduction to the economic history of SE Asia. Common signs. Political regimes and the impact on the economy. 2. Japan • The Meiji era, reforms and modernization of Japan • The Japanese economic miracle • Lost decade 3. Japan II, Asian crisis • Japan - current status • Politics of Shinzo Abe - 3 arrows • The problem of population aging and debt • Kuril Islands • Asian crisis - reason, course, consequences 4. NICs in general • Basis of NIK countries • Transformation of the economy • Factors of economic success - internal and external 5. South Korea • Economic development of South Korea (60s, 70s, 80s, 90s) • Chaebols • Park Geun Hye politics, current status - appeal • DPRK economy, reforms in the DPRK 6. Taiwan • Taiwan's economic development • Hsinchu Park • Current economic situation 7. Hong Kong + Singapore • Economic development • Services 8. NIK II Thailand + Malaysia • Economic development • Agriculture + industry 9. Indonesia + Philippines • Economic development • Agriculture + industry 10. Vietnam as a new "tiger" • Economic development • Current state, Vietnam + Slovakia cooperation 11. India - specific position in the region. • Economic development • Services in India 12. Integration groups in Asia. Impact of integration on economic development. 13. China • Economic development • Deng Xiao Ping reforms

Requirements to complete the course

The final grade is based on continuous control during the semester and the oral exam, as follows:
20% of the total assessment of the course consists of continuous control during the study (activity
and control questions 10%, presentation of news 20%). The final evaluation is in the form of an
oral exam (which represents 80% of the total evaluation of the course).

Student workload

participation in lectures 26 h, participation in seminars 26 h, preparation for seminars including presentation of news 26 h, preparation for exam 78h

Language whose command is required to complete the course

English

Date of approval: 10.02.2023

Date of the latest change: 16.01.2022