World Economy 3 (in English)

  • Credits: 5
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 2
  • 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 3 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 Southeast Asian countries. Japan I. Japan II. NIK in General. South Korea. Taiwan. Hong Kong + Singapore. NIK II in general. Thailand + Malaysia. Indonesia + Philippines. Integration groups in Asia. China. Contemporary 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

Syllabus

1. Introduction to the economic history of Southeast Asian countries. • Common features • Political regimes and their impact on the economy 2. Japan I • Meiji Era, Reforms and Modernization of Japan • Japan's Economic Miracle • The Lost Decade 3. Japan II • Shinzo Abe's Policy - Response to the Lost Decade(s) • Current Problems and Economic Trajectory of Japan 4. NIK in General • Background of NIC Countries • Economic Transformation, Industrialization Phases • Factors of Economic Success - Internal and External 5. South Korea • Economic Development of South Korea (1960s, 1970s, 1980s, 1990s) • The Role of Chaebols in the Economy of South Korea • Current Problems and Economic Trajectory of South Korea 6. Taiwan • Economic Transformation after the Declaration of the PRC • Political Context of Transformation • Period of Isolation, Current Problems and Development Trajectory • Current Geopolitical Tensions and Their Impact on Future Development 7. Hong Kong + Singapore • Peculiarities of Urban Development states • Application of laissez faire vs. state dirigisme • Services 8. NIK II in general • Background of NIC II countries, common features and distinguishing features compared to NIC I • Transformation of the economy, phases of industrialization • Factors of economic success - internal and external 9. Thailand + Malaysia • Economic development • Agriculture + industry 10. Indonesia + Philippines • Economic development • Agriculture + industry 11. Integration groups in Asia. • Impact of integration on economic development. 12. China • Economic development • Deng Xiao Ping's reforms and the Open Door Policy 13. Contemporary China • Current problems and economic trajectory of China • China's position in the world economy

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 10%). 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 78 h

Language whose command is required to complete the course

English

Date of approval: 13.03.2024

Date of the latest change: 10.04.2025