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Global Economy


Aims of the course

To learn and understand both the historical changes in the global economic system and the key features of contemporary world economic order with the emphasis on the operation of the multilateral economic organizations in relation to the challenges of the recent globalization processes.
To understand the differences in the development level of nations and to recognize the complexity of current issues in global economy, e.g. inequalities, global environment protection, smart (global) transformations of the economy (industry 4.0)

Course syllabus

1. Introduction
2. Globalization; dilemmas, definitions, economic impacts, modern economic globalization concept
3. Basics of international trade theory and globalization
4. Understanding and appreciation of globalization
5. Future of globalization, pluses and minuses of globalization
6. Institutional framework of globalization, UN, other multilateral organizations, economic integrations
7. Global patterns of inequality, poverty, and economic development levels.
- Division of states into development groups - changes after the WW II – globalization impacts
8. Multilateral trade liberalization and economic globalization; differences of position among groups of nations,
- UNCTAD and global trade
- specific of least developed countries, terms of trade, emerging market economies and global impacts, BRICS,
- WTO and problems of multilateral trade liberalization after 2000
9. Economic globalization specifics; data, positive and negative views
10. Globalization of international flows; goods, services, capital
- FDIs and globalization, attitudes towards and regulation of FDIs
- - International financial markets
11. Globalization and labour markets
- Labour mobility on global scale
- Migration and labour market flexibility
12. Economic globalization and development gaps
- UN Strategy against poverty and sustainable global development
13. Overview of potential national development strategy models
- Strategic development models and globalization
- Economic integration model and globalization

14. Some globalization challenges for small economies like Slovenia; production restructuring and reallocation, innovation and inactivity based competitiveness
15.Covid-19 pandemics and the global economy
16. Smart (global) transformations

Course director(s)

  • Office Hours
  • Wednesday at 10:00 in R-306
  • Office Hours
  • Wednesday at 8:30 in zoom
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