This course examines economic growth and the development of emerging economies. Focusing on China, India, Russia, and other Southeast Asia emerging countries, we examine the causal factors, potential, and limit of current macroeconomic circumstances and we project possible economic developments in light of these countries' opportunities. We examine booming markets as income levels rise, the massive potential for local consumer markets, abundant low-cost labor, wealth of natural resources, and being at the forefront of international trade and business. Approaches to developing high tech innovation-based economies and the strategies available to international firms for successful investment and business operation in these emerging market economies are analyzed. Students independently research, write, and present studies of the strategies of various emerging economies and the nature of the rapid economic transformations these countries are currently undergoing.
Prerequisite: ECON S-10a or the equivalent. (4 credits)