curtain raiser for the global economic environment

(Prologue:

This blog is mainly to serve the purpose of being a mirror to me while delivering a course on Global Economic Environment to the first year students of MBA. As such, there will be attempts to share my personal views and musings that emerge out of the joys of doing this course and spending time with some of the brilliant and enthusiastic and pragmatic students who have chosen to do this journey together and share the joys and frustrations of the learning process!)

Introduction:

the course opens with a broad but relevant introduction to the course, by listing its objectives and pedagogies

the course leads the class to study four dimensions of Global Economic Environment
1. the processes of globalization; the flows and directions of the flows and implications
2. Bretton wood institutions and their role in shaping global economic policies and globalization itself - positive and negative influences and countries' response
3. International trade and methods of international trade - foreign exchange and currency determinants - tariffs and their role in managing favourable trade
4. international economic theories and their role in shaping a country's trade policies and relations

the above needs to be supported by understanding the concerns of the countries and their interests and role in participating in creating a New Global Economic Order.

In order to study the subject, it is proposed to study two countries each from different economic/ global stand
- from Developed Countries - say, Sweden and New Zealand or Canada and Denmark
- from emerging economies - Brazil and South Africa - China and Mexico
- from transition economies -  Russia and Poland - Georgia and Armenia
- newly industrialized economies - Taiwan and Malaysia - South Korea and Thailand
- middle income economies - Turkey and UAE or  Kuwait and Greece
- least developed economies - Bangladesh and Sudan - Yemen and Honduras

The methodology to study these countries from a Global Economci Environment perspective would eb brought in using the frameworks proposed by leading globalization stalwarts and taking the premsie of HDR's focus in addressing poverty and economic prosperity.

If the course achieves these tenets of learning, it would be making significant contribution to the role this course is assigned with.