Economic Globalisation in Asia

This module focuses on various aspects of economic globalisation in general, but with specific reference to Asia. Students could learn both positive and negative aspects of the many globalization issues in Asia, such as "Choosing the Right Exchange Rate Regime for Small and Open Economies in East Asia", "Trade liberalization and poverty in Asia" as well as "Singapore's Drive to Form Cross-regional Trade Pacts".

Objectives and learning outcomes of the module

On successful completion of this module a student will be able to:

• demonstrate basic knowledge and skill to understand global economic issues in Asia such as trade, finance, factor mobility and exchange rates
• understand the major issues in the Asian economy today and understand the economic benefits and problems of globalisation

Workload

Teaching consists of nine hours lectures per week for four weeks.

Scope and syllabus

This list is indicative:

• drivers of globalisation
• comparative advantage
• trade barriers
• sources of comparative advantage
• Asian supply chains
• Impact of China's WTO Accession on East Asia
• regional trading arrangements
• Singapore's drive to form cross-regional trade pacts
• high-performance Asian economies: Asian economic miracle
• balance of payments
• foreign exchange market
• exchange rate system
• financial globalization
• 1997 Asian financial crisis
• Case study: China and India

Method of assessment

100% coursework. Each student will be required to submit:

• Quiz 1 & 2, 30 minutes (15%)
• Midterm examination (20%)
• Group Project/Case study, 25-30 minute presentation  (30%)
• Essay (25%)
• Class participation (10%)

Suggested reading

• Ramkishen S Rajan, Economic Globalization and Asia : Essays on Finance, Trade and Taxation, World Scientific
• Robert J.Carbaugh, International Economics, South Western, 17th edition, 2017
• James Gerber, International Economics, Pearson, 7thedition, 20

Disclaimer

Important notice regarding changes to programmes and modules