Investment, Trade and Economic Growth
This unit focuses on the economics of inward/outward foreign direct investment (FDI) of international trade, and their relationship with driving sustainable and equitable growth. The unit examines theories of growth, trade and investment, and explores a range of policy options and their impacts, based on developing country case studies.
International Business and Development
Key to the link between international development and international business is an understanding of the nature of firms and the processes that drive inward and outward FDI. This unit engages with international business theory to gain insights into policies which seek to attract developmental forms of inward investment, encourage investment spillovers to the local economy and promote outward investment by domestic firms in order maximise economic development.
Industrial Strategy and Policy
The recent revival of industrial policy has reignited debates the best industrial strategies for promoting development. The aim of this unit is to critically examine ‘new’, open forms of industrial policy, the theoretical debates underpinning them (such as whether to adhere to or defy country comparative advantages) and the role of trade and inward FDI in supporting horizontal and vertical country industrial strategies for development.
International Trade and Investment Law
This unit will consider the international legal framework that has evolved rapidly over the past twenty years to define the obligations of states towards foreign investors within their territories. The unit focuses on explaining the salient aspects of international investment agreements (IIAs), including bilateral investment treaties (BITs), and the workings of investor-state dispute settlement (ISDS). Finally, the unit will explore recent attempts by developing countries to maximise policy space in this framework in order to promote development objectives such as environmental protection, industrial policy and labour standards.
International trade deals, international investment agreements, aid agreements and inward foreign investment rely on negotiation in order to maximise the benefit toward development. This unit seeks to develop negotiation skills, including persuasive communication, decision-making, cross-cultural communication, group negotiation and bargaining strategies in order to strengthen positions in international negotiations and improve outcomes.
Global Tourism and Development
This unit explores the impact of inward foreign investment in shaping tourism policy and development. It delves beyond the image of tourism as a development tool and examines the externalities that have influenced, and continue to influence regional and national growth. Economic and development models and theories are applied to understand the nuances of this industry and its operations in the Caribbean, Sub-Saharan Africa and South East Asia.
International capital flows are a key aspect to the financing of development. This unit explores fundamentals of international finance and key issues in development finance, such as international aid, microfinance and sovereign debt, and the opportunities and challenges they present to development initiatives.
International Development and Global Business Dissertation
Your dissertation is an opportunity to explore a topic in development and global business that matches up to your passions and career plans. Under the supervision of a member of our expert faculty, the dissertation aims to prepare students to independently design and conduct research using appropriate research methods to examine the core questions related to the chosen topic.