Торговая политика стран-регионов и конкурентоспособность компаний

О курсе

The course covers main trends of the world economy and international trade. In the framework of the global economy, the special role in international economic relations is increasingly exercised by multinational companies (MNCs). As major economic agents, MNCs execute global strategies in order to integrate national, regional and global markets. New knowledge fields, technological advances, development of the financial area, ecosystems, blockchain, marketplaces, etc. are considered to be factors behind growing competitiveness among the MNCs. Moreover, new challenges like Covid-19, digitalization, trade wars and technological standoff (US-PRC decoupling), climate change make companies fundamentally transform their strategies and operations. The course includes real case studies for new entry strategies of Russian and EU companies into markets of regional economic blocs

Цели курса

To develop initial skills for foreign economic policies analysis and assessing their risks in the framework of the global economic environment (coronavirus spread, crises, oil/gas prices volatility, digitalization, etc.)

To create systematized vision of concept and levels of global competitiveness

To familiarize students with trade and economic relations between Russia/Eurasian Economic Union and their major partners (countries and regional economic blocs)

Вы научитесь

1. Awareness: of current issues that enterprises are facing on national, regional and global markets, including consequences of coronavirus spread and global crises

2. Knowledge: of economic environment for foreign companies on national, regional and global markets; main approaches to the development and implementation of trade policy instruments; tools of government and business interaction; system of multilateral agreements and commitments for domestic producers support

3. Ability: to use and analyse statistical and economic data; use references, yearbooks and professional literature in the field of trade policy and levels of competitiveness

4. Skills: to critically evaluate analytical and scientific materials on the given issues and find options for possible solutions related to entry of Russian companies onto foreign markets and standing up national position in the WTO dispute settlement system

Программа обучения

Topic 1. Global Economic Environment

International economic relations and global economic governance. Turbulent times for world economy and international trade. Role of multinational companies (MNCs). Modernization of the Russian economy. Fourth industrial revolution – Industry 4.0. Digitalization of the world economy. Coronavirus (Covid-19) spread and economic crises.

Topic 2. International trade: theory and practice

International trade theories: from A. Smith and D. Ricardo to modern concepts. General characteristics of trade policy instruments. Consequences of applying trade policy instruments for business and international trade. World Trade Organization. Russia’s accession to the WTO. Evolution of integration on the post-Soviet space.

Topic 3. Interaction between government and business on trade policy regulations

Methodology of government and business interaction analysis. The role of the government in the competitive advantage creation and development. Domestic producers support and Export promotion.

Topic 4. Applied methods and tools for state support assessment

Evolution of the theoretical approach to the government and business interaction. Quantative and detailed trade policy information and analysis. Industry SWOT analysis from the government support point of view. Trade Policy Analysis and the support assessment.

Topic 5. Concept and levels of competitiveness

Theoretical and practical explanations of the term ‘Competitiveness’. Levels of competitiveness: world, country, region, industry, company, product. M. Porter and his role in developing competitiveness theories. Factors of international competitiveness. Existing ratings of global competitiveness.

Topic 6. International competitiveness in the framework of trade policy

Interconnectedness of trade policy and business performance of national MNCs. Participation of national and international business in creating trade policy agenda. Main trends in trade policy throughout different countries and regional blocs. Role and importance of international economic organizations and agreements for doing business in Europe, Asia, North America and other regions.

Topic 7. TNCs internationalization strategies and global value chains (GVCs)

TNCs and business internationalization strategies. Ways of going global for a company. Economic and regulatory conditions for doing business on the EU, EAEU, USMCA, ASEAN, and other markets. Modifications of global value chains (GVCs).

Topic 8. Business adaptation to economic environment and trade policy

Influence of national trade policy on the interests and goals of national business and conditions for foreign business performance. In-house and external instruments of business management: strategic decisions, supply chains, marketing, GR. Shifts in global competitiveness ratings.

Topic 9. Trade wars and regional disintegration

US-China trade war. US economic sanctions against Iran: Reaction of European Business. Trade and financial sanctions involving Russia (2014-2023). UK withdrawal from the EU (Brexit): Risks and opportunities for businesses.

Topic 10. Digitalization in international business

Digitalization. Additive and virtual reality (VR) technologies. National strategies regarding digital economy and e-commerce. Prospects of multilateral regulation of digital trade.

Преподаватели

Гальченко Евгений Александрович

Департамент теоретической экономики: Старший преподаватель

Данильцев Александр Владимирович

Кафедра торговой политики: Приглашенный преподаватель

Гловели Георгий Джемалович

Департамент теоретической экономики: Профессор

Портанский Алексей Павлович

Департамент мировой экономики: Профессор

Миронова Екатерина Андреевна

Кафедра торговой политики: Приглашенный преподаватель

Для кого

For students of different departments interested in the international economic relations, world trade, digitalization of the global economy, and international competitiveness

For those who are interested in trade and economic relations between Russia and other countries or regional economic blocs (EU, ASEAN, etc)