1. Syllabus & Course Requirements

2. Country Reports Focus of the course will be on evaluating the current business and economic environment at the country level. Why? First step of doing business in a new market is understanding the macro level environment. Policies are analyzed at a comparative level. Aggregate outcomes have a strong correlation with individual outcomes.

3. P.E.S.T. Analysis Strategic Planning Link

4. Poor people in rich countries vs. rich people in poor countries World Development Indicators & calculations http://databank.worldbank.org/ddp/home.do?CNO=2&Step=12&id=4

5. Focus: Quantitative and Concrete Analysis Why? Qualitative Approaches valid but Quantitative methods more accessible and make for more direct comparisons. Economics focuses on quantifying outcomes.

6. Focus: Primary Sources Read Original Scholarly Work Real World Data No Textbook, only Reading Packet

7. Outline I.Introduction A.Course Details – Syllabus B.Globalization – Trends in globalization. Discussion of comparative advantage and alternative ideologies. Alternatives to Globalization. C.Country Analysis Framework Introduction. Context. Orientation. Comparison groups. Performance. II.Context A.Resources Natural Resources; Curse; Human Capital; Demographics. B.Institutions Foundations. Players of the Game. Formal institutions. Social Capital. C.Foundations. Colonial History. Political Environment. Social Capital D.Culture/Mind Models III.Strategy A.Market Orientation Varieties of Capitalism B.History of Development Strategy Industrial policy C.Alternative Models of Development Happiness, Human Development D.Competitiveness. E.Transition Strategies (if time) IV.Risks A.Political Risk Social Conflict; Government Risk B.Fiscal Risk Taxes; Budget Sustainability; Default C.Financial Crisis (if time)

8. Homework Assignments Form groups of 2-3 people. Three homework assignments: 25 points total

9. Paper Country Report: Write an analysis of a country of your choice (not HK, USA, PRC or Korea). Use the tools learned in this course and real world research. Maximum 6 pages including bibliography, tables. Individual work. 25 points

10. Writing Assignment 4-6 Double Spaced report on country analysis Due: Friday, December 6th, 2014 Cover background, business environment, social welfare, development, risks of a single country. Use data sources, http://home.ust.hk/~davcook/Data%20Sources. htm http://home.ust.hk/~davcook/Data%20Sources. htm

11. Private analysts construct reports…www.eiu.comwww.eiu.com

12. http://www.imf.org/external/pubs/cat/longres.aspx?sk=24406.0

13. Exam In class – Midterm Exam: 15 points – Final Exam: 35 points