International Development and Resources

This course offers insights into managing firms within developing economies. Students explore challenges unique to regions with lower economic development, including weak markets, national and international development strategies, and engagement with multilateral organizations and NGOs. The course emphasizes the pivotal role of abundant natural resources in these economies and the potential for them to either boost or hinder national welfare. Students gain an understanding of how coherent national development policies, export-oriented strategies, state-aid policies, foreign direct investments, and incentive systems for outward investments can shape the fate of these resources. By course end, students are equipped to navigate complexities within developing economies.

The following course/module was developed at the TU Bergakademie Freiberg.

Learning outcomes / Competencies:

Contextual Understanding: Comprehend the intricate challenges faced by firms operating in developing economies, recognizing the complexities associated with weak markets, statehood considerations, and national/international development strategies.

Resource Management Insight: Gain awareness of the pivotal role of abundant natural resources in developing economies and the potential impact on national welfare, fostering an understanding of how effective resource management contributes to sustainable development.

Avoiding Resource Curse: Recognize the potential risks posed by mismanagement of natural resources, and grasp the significance of coherent national development policies in avoiding the "resource curse" phenomenon, including export-oriented strategies, state-aid policies, and incentive systems.

Policy Evaluation: Analyze export-oriented policies, state-aid policies, development of national champions, foreign direct investments, and incentive systems for outward investment, assessing their roles in shaping economic outcomes and development trajectories.

Strategic Decision-Making: Develop the ability to navigate the complex landscape of developing economies, making informed and strategic decisions in line with local contexts, sustainable development goals, and global socio-economic factors.