Credits: 1.5 (1.5-0-0)
Description
The course will discuss the shift in the global economic power, necessary and enabling conditions for the strong economic growth and national development under the globalized world, and its implication for the business. Economic development; capitalism; world economy; theory and empirical evidences; structural shift; industrial revolution; modernization; rise and decline of the West and Japan; China as emerging power; economic structure; elasticity; colonialism; Bretton Woods institutions; globalization; currency war; trade war; secular stagnation; long cycles; economic and financial crises; uneven sectorial development; business opportunity.