TDMT4326 – Developmental models in emerging markets
Learning objectives:
Make students understand why you simply can't go out and take a
credit in developing markets.
Discover what to do instead.
LINKS
1
http://www.economist.com/node/21542931
EIU report series on state capitalism
Read all if you have time
2
http://www.criticalthink.info/Phil1301/Wave3lec.htm
The Third Wave - a short summary
An unconventional view on economic development models
Please read the characteristics of a "second wave" (Industrial economy)
1. Standardization
2. Specialization
4. Concentration of energy, money, and power.
5. Maximization
6. Centralization
"There are only three major auto companies in the U.S. Two Japanese
firms produce all the VCR's in the world. In each area of
production--aluminum, beer, cigarettes, breakfast foods, etc.--three
to five companies produce almost all of it."
http://www.shmoop.com/economic-systems/mixed-economy.html
impact of market control
Basic Questions:
What are the initial stages of economies in emerging markets.
Huntering/gathering
Informal
Legacy economies
How do you classify stuff?
Controlled markets
Markets with limited control
Free markets
Why emerging markets are different from normal economies.
PEST
non-Western model
Two thirds of world governments are not free to any extent.
Can emerging economies leapfrom into developed state.
How developing economies transform?
Can a developed economy backslide into undeveloped state?
