|
MSFS-634 The BRICs & the World Economy
Spring only
Although Brazil, Russia, India and China are often lumped together since a report in 2001 by Goldman Sachs famously grouped them as the BRICs and projected that they would be larger economically than the developed countries by 2050, they are very different economically, politically and structurally. The growth and development of these emerging economies raises many challenges and opportunities, not just to their own development strategy, but also for the rest of the world. In the aftermath of the current global financial and economic crisis they are on track to become larger than the developed countries faster than earlier projected. Their rise also raises issues of competition for markets, and natural resources; the role of population, education, and technology in global competition and relative wages between developed and developing economies; the most effective development models in terms of the mix of the state vs. the market, and authoritarian vs. democratic governance systems; the appropriate structure of global governance institutions and mechanism and their representation within them; security and the stability of the global system; and not least, global warming and sustainability in light of their large contributions to CO2 emissions and different approaches to what they consider appropriate burden sharing between developed and developing countries in dealing with this challenge.
This course will begin by reviewing the history and development of these countries and the challenges to their development. It will then explore the issues highlighted above. Students will be asked to write position papers on some of the above issues from the perspective of these countries, as well as from the US, the EC, and the rest of the developing world. By the end of the course students will have a good grasp of how the BRICs are impacting and being impacted by the world economy.
Credits: 3
Prerequisites: None
Course syllabi
The following syllabi may help you learn more about this course (login required):
Spring '10:
Dahlman, C
(description, file download)
Spring '10:
Dahlman C
(file download)
Additional syllabi may be available in prior academic years.
|
 |
More information
Look for this course in the schedule of classes.
The academic department web site for this program may provide other details about this course.
|
