ECON E-1317 The Economics of Emerging Markets: Asia and Eastern Europe
Spring Term 2017 CRN 24054
This course covers, with a focus on both theory and empirics, the growth and development of the emerging economies in Asia and Eastern Europe—the front-runners of the global economy. The world is attracted to their promise of booming markets, massive potential for local consumer markets, abundant low-cost labor, and rising middle class. These make emerging economies key players in international trade and business, although upon closer examination we find the landscape is fraught with an ongoing slowdown across the world's major emerging markets and complex economic and financial systemic risks. Special emphasis is put on the emerging markets' economics, finance, banking, and their economic relations with the rest of the world, as well as the causal factors and limits of economic policy in the entire post-Soviet region, Eurasia, China, India, and Southeast Asia.