SUBJECTS

At the end of this module, students will be able to: Knowledge:

1. Demonstrate an understanding of core-periphery relations in historical and theoretical perspectives (SEI, CI)
2. Demonstrate a critical understanding of the historical and contemporary economic theories relevant in the Global South.
3. Critically interpret complex functions of globalization/financialization and their impacts on the global south (SEI, IC)

Thinking skills:

1. Analyze the socio-economic factors influencing economic activity and policy strategies in developing regions.
2. Apply theoretical knowledge to real-world case studies and develop strategic recommendations for economic activities in the Global South.
3. Analyze linkages between trade, FDI and uneven and combined development (SEI, EE, IC)
4. Develop an appreciation of the economic, welfare dimensions of economics, social and political issues (SEI, COI)

Subject-based practical skills:

1. Evaluate the effectiveness of different market entry strategies and sustainable business practices in diverse cultural contexts.
2. Use technology to evaluate datasets in order to explore relationships between measures of growth and development (DP, COI)
3. Develop familiarity with the possibility that many economic problems may admit more than one approach or candidate solution (COI)

Skills for life and work (general skills):

1. Critically assess the impact of global events and shifts in the economic landscape on businesses in developing countries.
2. Develop a nuanced view of the political economics of the Global South and its positioning in the global division of labor (SEI, CI,COI)
3. Demonstrate a capacity for independent study and self-managed learning, especially on matters related to poverty, health, education, and social welfare in general (SEI, COI)

• The History and Development of Economics Ideas
• Theories of Economic development (Classic Theories of Economic Development: Four Approaches, Development as Growth and the Linear-Stages Theories, Structural-Change Models, The International-Dependence Revolution, The Neoclassical Counterrevolution: Market Fundamentalism, Instinutional theory)
• Foundations of modern trade theories
• Developing countries – reform and growth
• Global South and Uneven and Combined Development
• The political economy of imperialism and the Global South
• Core/Periphery/Semi-Periphery and world systems theory
• Dependency theories and Sub-imperialism
• The global financial system
• Financialisation in the centre (core) and the periphery
• Case study of Southeast Europe
• Case study of Ghana
• Case study of Turkey
• Case study of Latin America
• Case Study of India
• Poverty in the Global South
• Impact of the war in Ukraine on the Global South
• The Global South and the power-shift to China and other emerging economies

The following method/strategies will be used as appropriate to the listed learning outcomes:

• Interactive lectures giving students the choice to ask questions "on the spot"
• Guest lecturer program to expose them in different views and use of videos to reach out to even broader understandings of the module themes
• Seminars aiming at generating individual creativity and leadership skills through teamwork and presentations while deepening on the themes tackled at the lectures
• Use of the virtual learning environment to complement seminars and lectures with additional reading and advice

Core
Haslam, AP, Schafer, J. and Beaudet, P. (2021) Introduction to international development. Approaches, actors, issues and practice Oxford: O.U.P.
Todaro, M. P., & Smith, S. C. (2020). Economic development. Pearson UK.

Recommended
Frimpong, F. (2022) Financialisation and poverty alleviation in Ghana. Myths and realities Leiden and Boston: Brill
Fouskas VK, Roy-Mukherjee, S. Huang, Q. & Udeogu, E. (2021) China and the USA. Globalisation and the decline of America’s supremacy London & New York: Palgrave
Fouskas VK and Gokay, B. (2019) The disintegration of Euro-Atlanticism and new authoritarianism. Global power-shift London & New York: Palgrave
Bartlett, W. (2007). Europe's Troubled Region: Economic development, institutional reform, and social welfare in the Western Balkans. Routledge.
Economic Commission for Latin America and the Caribbean (ECLC) https://statistics.cepal.org/portal/cepalstat/index.html?lang=en