Bachelor
2023/2024
Economics of Transition and Emerging Markets
Type:
Elective course (Asian and African Studies)
Area of studies:
Asian and African Studies
Delivered by:
School of Asian Studies
When:
3 year, 1 module
Mode of studies:
distance learning
Online hours:
20
Open to:
students of all HSE University campuses
Instructors:
Inga Ivanova
Language:
English
ECTS credits:
3
Contact hours:
6
Course Syllabus
Abstract
This is an interdisciplinary course which analyzes problems faced by countries with economies in transition and countries with emerging markets, namely, those middle and low income countries that have implemented market economic reforms and become integrated into the world economy since the 1990s. It starts with a brief history of the communist economic system based on central planning in the former Soviet Union and Central and Eastern Europe, its development and collapse in the late 1980s / early 1990s and the subsequent transition to a market system in the 1990s and 2000s. Then it analyzes the experience of market reforms in China, India, other Asian countries, Middle East and North Africa, Sub-Saharan Africa and Latin America at the same period. Finally, it discusses the problems of contemporary global economy and global and regional economic governance with the special focus given to emerging-market economies and their role.
Learning Objectives
- You will learn how to analyze emerging-market economies and economies in transition, taking into account their crucial characteristics and historical experience.
Expected Learning Outcomes
- Outline the origins and major characteristics of CPE
- Describe the problems of reforms of the CPEs
- Compare transition countries of Central and Eastern Europe and former USSR
- Outline the specifics of Chinese transition
- Describe the phenomena of economic populism in Latin America
- Compare the different world regions in terms of economic development
- Discuss the contravercies of international trade for EMEs
Course Contents
- Introduction
- Centrally planned economy: its origins, evolution and collapse
- Post-communist transition and its outcomes
- The role of external actors in post-communist transition and economic reforms in Asia
- Market reforms in the Arab world, Sub-Saharan Africa and Latin America
- Emerging markets and their role in global economy
- EMEs, globalization and international trade
Bibliography
Recommended Core Bibliography
- Dabrowski, M. (1996). Different strategies of transition to a market economy : how do they work in practice? Policy Research Working Paper Series. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.wbk.wbrwps.1579
- Lakshmi Iyer. (2016). Institutions, Institutional Change and Economic Performance in Emerging Markets. World Scientific Publishing Co. Pte. Ltd. https://doi.org/10.1142/9777
- Marek Dabrowski. (1999). Disinflation, Monetary Policy and Fiscal Constraints. Experience of the Countries in Transition. CASE Network Reports. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.sec.cnrepo.0016
- Montiel, P. (2011). Macroeconomics in Emerging Markets (Vol. 2nd ed). Cambridge: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=366269
- Woo, W. T. (2011). China’s economic growth engine : The likely types of hardware failure, software failure and power supply failure. BOFIT Discussion Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.bof.bofitp.2011.008
Recommended Additional Bibliography
- Gajdar, E. T. (2007). The Soviet collapse: grain and oil / by Yegor Gaidar. Washington/D.C: AEI. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.389659118