Geopolitics & World Economic Systems

                                                                                                                     Syllabus

                                                                                                                        MBA 208

Geopolitics & World Economic Systems

Unit-I

Introduction to Global Economic & Political Systems: Meaning of Global Economy and its History Structure and Components of Global Economy, Theory of Hegemonic Stability, Differences Among National Economies, Market Oriented Capitalism, Developmental Capitalism, Social Market Capitalism, Comparative Analysis, Effects of Globalisation on Indian Economy.

Unit-II

The Trading System: Debate over Free Trade – Functions of GATT and WTO, The Uruguay Round and World Trade Organisation, Trade Blocs – EU, OECD, OPEC, SAARC, ASEAN, NAFTA, Threats to Open Trading System, Developments in International Trade Theory, Bi-lateral, Multilateral Trade Agreements, Impact of Trade Wars in Liberalised Economy.

Unit-III

International Trade Laws: International Contracts of Sale of Goods Transactions, International Trade Insurance, Patents, Trademarks, Copyright and Neighboring Rights. Intellectual Property Rights, Dispute Settlement Procedures under GATT & WTO, Payment Systems in International Trade, International Labour Organisation and International Labour Laws.

Unit-IV

International Monetary System: The International Financial System - Reform of International Monetary Affairs - The Bretton Wood System and the International Monetary Fund, Controversy over Regulation of International Finance, Developing Countries’ Concerns, Exchange Rate Policy of Developing Economies.

Unit-V

Contemporary Issues and Challenges in Global Economic Environment - Indian Perspective: Globalisation and its Advocacy, Globalisation and its Impact on India, Fair Globalisation and the Need for Policy Framework, Globalisation in Reverse Gear-The Threatened Re-emergence of Protectionism. Euro Zone Crisis and its Impact on India, Issues in Brexit, World Recession, Inflationary Trends, Impact of Fluctuating Prices of Crude Oil, Gold etc.