Prof. Dr. M. A. Sabry
Hochschule Hof
University of Applied Sciences
Faculty of Business Administration
International Management
Term
Workload:
Study group:
ST 2013
(2SWS, 3ECTS)
GM Master 1
Economic framework for doing business in
emerging markets
Summary of Contents
I. Emerging markets (EM): An introduction
1. Classification: Industrial countries/developing countries/emerging
markets/transition economies and less developed countries
2. Definition emerging markets
3. Main Features of EM
4. Emerging markets in the global world economy
5. Opportunities and risks in EM: Appetite for risky assets?
II. Economic framework in emerging markets: Challenges of
Doing Business in EM
1. Economic data, trends and outlook (BRIC+): Economic growth,
inflation, labor market etc. in selected countries
2. Capital account/capital market/ financial institutions
2.1. Key interest rates
2.2. Foreign Direct Investments
2.3. Financial institutions
3. Investment climate
3.1. Tax systems and effective Tax Burden of corporations
3.2. Competition and market conditions
4. Current business cycle analysis in EM
5. Fiscal policy in selected EM countries: Country rating and country
insolvency
6. Monetary policy in selected EM countries: Monetary easing and
inflation
III. Country risk evaluation techniques: The 3 stages
1. Basic country analysis
2. Understanding organizations, institutions and actors
3. Operational implications
IV. Business environment and perspectives on EM: Case studies
1.
2.
3.
4.
5.
GM (India)
Abraaj Capital Limited (MENASA)
Kulula (South Africa)
Equatorial Energia (Brazil)
Risk management (Bayer in India)
Suggested literature
Dooley, Michael P.
Anderson, K. /
Blackhurst, R. (eds):
Enderwick Peter:
Goldstein, Morris/
G. L. Kaminsky:
Regional Integration and the
Global Trading System, New
York 1993.
Understanding Emerging Markets:
China and India, London 2007.
Assessing Financial
Vulnerability: An Early
Warning System for Emerging
Markets, 2009.
Hacker, R. Scott, Borje Johansson,
Charlie Karlsson (Eds.):
Harvard Business Review on
Emerging Markets:
Hemmer, H./
Wilhelm, R.:
Emerging Market Economies and
European Economic Integration,
Edward Elgar, 2004.
Harvard business school press,
2008.
Fighting Poverty in Developing
Countries, Frankfurt 2000.
Hill, Ch. W. L.:
Global Business Today, Boston
2004.
Jeffrey A. Frankel.:
Managing Currency Crises in
Emerging Markets ISBN: 0-22615540-4.
Jones , Stephanie:
BRICs and Beyond: Lessons on
Emerging Markets, New York 2012.
Kose , M. Ayhan
Eswar Prasad:
Emerging Markets: Resilience and
Growth Amid Global Turmoil ,
Washington D.C. 2010.
Krugman, P.:
The Return of Depression
Economics, 2000, Penguin
Group, England
Mahbubani, Kishore:
The New Asian Hemisphere: The
Irresistible Shift of Global Power to
the East, PublicAffairs, 2008.
Preston, P.W.:
Pacific Asia in a global system,
Oxford 1998.
Ram Mohan, T.:
Regulation of financial
intermediaries in Emerging
Markets, 2005.
Sabry, M.A. :
Zur Wahl des
Wechselkursregimes in den
Entwicklungsländern am
Beispiel Argentiniens (The
exchange rate regime in LDC;
the example Argentina, WiSt
7/2006.
Singh Satyendra:
Handbook of Business Practices and
Growth in Emerging Markets, 2009.
Vousden, N.:
The Economics of Trade
Protection, Cambridge 1990.
World Bank:
World development report,
Washington, DC, 2000-2012.
WTO:
Regionalism and the world
trading system, Geneva 2011.
Internet sources
- http://databank.worldbank.org/data/home.aspx
- http://www.die-gdi.de/
- http://www.globalintelligence.com/
- http://www.coface.com/CofacePortal/COM_en_EN/pages/home/risks_home/country_risks
- http://www.bls.gov/web/ichcc.supp.toc.htm
- http://www.deloitte.com/taxguides
- http://www.indiabrazilchamber.org/en/?p=2094
- http://www.emeraldinsight.com/
- http://www.ibef.org/india-at-a-glance/
- http://english.tax861.gov.cn/zgszky/zgszky03.htm
- http://www.photius.com/rankings/index.html
- http://www.empea.org/research/data-and-statistics/
- http://www.oecd.org/statistics/#d.en.199456
- http://www.pbc.gov.cn/publish/english/963/index.html
- http://www.rbi.org.in/home.aspx
- http://www.bcb.gov.br/?english
- http://www.emergingmarkets.org/