2022/2023
Trade Policies of Countries/Regional Blocs and Competitiveness of Companies
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type:
Optional course (university)
Delivered by:
Department of Trade Policy
When:
3 module
Online hours:
16
Open to:
everyone
Language:
English
ECTS credits:
3
Contact hours:
64
Course Syllabus
Abstract
In the framework of the global economy, the main role in international economic relations is exercised by multinational companies (MNCs). As major economic agents, MNCs execute global strategies in order to integrate national, regional and global markets. New knowledge fields, technological advances, development of the financial area are considered to be the cause of growing competitiveness among the MNCs, and nowadays the very essence of such competitiveness is changing. National trade policies remain the most crucial external factors that determine the success of companies on different national markets but digitalization becomes the driving force of all economic activities. This requires MNCs to fundamentally transform their strategies and operations. These factors define the logic of this course. Crucially, in recent decades, Russian companies began to enter external markets using foreign direct investment and taking control of foreign enterprises. The course includes real case studies for new entry strategies of Russian and EU companies into markets of regional groups.
Learning Objectives
- to familiarize students with trade and economic relations between Russia/Eurasian Economic Union and their major partners (countries and regional groups)
- to create systematized vision of concept and levels of competitiveness
- to elaborate skills for arguing one’s points of view on topics of global economic governance 4.0 (including E-commerce)
- to develop initial skills for adapting foreign economic policies (including trade policies) to the global economic environment (coronavirus spread, oil prices, digitalization, etc.)
Expected Learning Outcomes
- Ability: to use and analyse statistical and economic data; use references, yearbooks and professional literature in the field of trade policy and levels of competitiveness
- Awareness: of current problems that enterprises are facing on national, regional and global markets, including consequences of coronavirus spread and oil prices.
- Awareness: of current problems that enterprises are facing on national, regional and global markets, including consequences of coronavirus spread and oil prices.
- Knowledge: of economic environment for foreign companies on national, regional and global markets; main approaches to the development and implementation of trade policy instruments; tools of government and business interaction; system of multilateral agreements and commitments for domestic producers support.
- Skills: to critically evaluate analytical and scientific materials on the given issues and find options for possible solutions related to entry of Russian companies onto foreign markets and standing up national position in the WTO dispute settlement system.
Course Contents
- Global Economic Environment: 2020 crisis and beyond
- International trade: theory and practice
- Interaction between government and business on trade policy regulations
- Applied methods and tools for state support assessment
- Concept and levels of competitiveness
- International competitiveness in the framework of trade policy
- MNCs internationalization strategies and global value chains (GVCs)
- Business adaptation to economic environment and trade policy
- Trade wars and regional disintegration
- Digitalization in international business
Bibliography
Recommended Core Bibliography
- Architects of austerity : international finance and the politics of growth, Major, A., 2014
- Global political economy : understanding the international economic order, Gilpin, R., 2001
- Globalization in an age of crisis : multilateral economic cooperation in the twenty-first century, , 2014
- Interest groups and trade policy, Grossman, G. M., 2002
- International economics : theory & policy, Krugman, P. R., Obstfeld, M., 2009
- International economics : theory and policy, Krugman, P. R., 2015
- The competitive advantage of nations, Porter, M. E., 1990
- Англо-русский глоссарий торговой политики, , 2014
- Глобальные институты регулирования: Учебник / Под ред. Зуева В.Н. - М.:Магистр, НИЦ ИНФРА-М, 2016. - 576 с.: 60x90 1/16. - (Бакалавриат) (Переплёт 7БЦ) ISBN 978-5-9776-0423-9 - Режим доступа: http://znanium.com/catalog/product/548590
- Конкуренция. Инновации. Конкурентоспособность : учеб. пособие для вузов, Философова, Т. Г., 2008
- Маркетинг новых товаров : современные модели управления: учеб. пособие, Философова, Т. Г., 2007
- Международная торговая политика : учебник для бакалавриата и магистратуры, Хасбулатов, Р. И., 2015
- Многосторонняя торговая система (1947-2014 гг.) и участие в ней России : учебное пособие, Портанский, А. П., 2015
- Основы торговой политики и правила ВТО, Данильцев, А. В., 2005
Recommended Additional Bibliography
- Applied methods for trade policy analysis : a handbook, , 1997
- Global political economy : theory and practice, Cohn, T. H., 2005
- Global political economy, , 2014
- Торговая, таможенная и промышленная политика России со времен Петра Великого до наших дней, Витчевский, В., 2017