The course focuses on the challenges of transition from communist central command economies, difficulties of reconstructing war-torn countries and the economic modernization of traditional economies in Southeast Europe, a leading region for tourism and a region with great growth potential at the doorstep of the European Union. The eventual integration of the emerging economies in Southeast Europe into the EU’s Single Market and the problems associated with that process will be analyzed in systematic cross-country comparison with a certain focus on Turkey, already linked to the Single Market through a Customs Union.
Prerequisites:
Prior introductory coursework in economics and/or international business
Learning outcomes:
Substantial knowledge about economic situation and economic policies of Turkey, Balkans and Southeast Europe both as a region and as individual nations/areas.
Perspective on the role of the EU in the reconstruction, transformation and economic modernization of the region.
Awareness of links between international trade, macroeconomic policies and specific economic sectors in the region.
In-depth understanding of the process, the complexity and intensity of European Union enlargement.
Readings and active participation in seminar discussions (20%), project report (30%: 10% oral presentation, 20% written part), mid-term exam (20%), final exam (30%)
content:
I. Introduction to Economics and EU support of Turkey, the Balkans and Southeast Europe
1. The theoretical background: Theories of International Trade
2. Economic Overview of Turkey, the Balkans and Southeast Europe
Required Readings: Traistaru/von Hagen (2003)
3. European Union enlargement, catching-up scenarios and economic prospects for the region
Required Readings: Tondl/Vuksic (2003)
4. EU’s pre-accession aid for Southeast Europe – Projects and Impact
Required Readings: Bailey/De Propris (2004)
II. Economic Situation in Southeast Europe and the Balkans
5. Post-communist transition in Southeast Europe EU Candidate Countries
Required Readings: Balcerowicz (2001)
6. The two Transitions: Differences between Transitional Developments
Required Readings: Goldschmidt/Zweynert (2005); Pejovich (2003)
7. National economic policies and country profiles in Southeast Europe
Required Readings: Allamani (2004); Efendić (2004); Teka (2004)
Recommended Readings: World Bank (2006a, 2006b, 2006c)
8. Macroeconomic, financial and monetary stability in Southeast Europe
Required Readings: Dauderstädt (2005)
Recommended Readings: Đonlagić (2004); Jorgji (2004); Halilbašić & Agić (2004)
9. Case Study I - Sector Analysis: Tourism in selected Southeast European countries
Tourism and its economic significance in Croatia and Montenegro
Required Readings: World Travel & Tourism Council WTTC (2002), pp. 1-19; World Travel & Tourism Council WTTC (2004), pp. 1-23; World Travel & Tourism Council WTTC (2006), pp. 1-17.
10. In focus: Serbia in the economic offside?
Required Readings: Dauderstädt (2005)
11. Mid-term Exam on sessions 1-10
Field Study Trip to Bosnia-Hercegovina (BiH) – 6 to 9 days
12. Field Study Reflection Session
III. Economics, Trade and EU accession preparation of Turkey
14. Macroeconomic Policies for Turkey’s Accession to the EU
Required Readings: Togan & Ersel (2005) Recommended Readings: Gros (2005)
15. Case Study II – Sector Analysis: Tourism in Turkey
Required Readings: World Travel & Tourism Council WTTC (2001)
16. Analysis of the Impact of EU Enlargement on the Agricultural Markets and Incomes of Turkey
Required Readings: Togan, Bayener & Nash (2005).
IV. Implications of EU Accession for Turkey and the EU
17. Economic Implications and effects of Turkey’s accession to the EU
Required Readings: Togan (2005); Flam (2005)
18. The Economic Culture of Turkey – An Impediment to its Integration into the EU?
Required Readings: Schuß (2006).
Field Study Trip to Turkey – 6 to 9 days
19. Field Study Reflection Session
V. Outlook
20. Wrap-up: Economic Progress and Challenges for Turkey, the Balkans and Southeast Europe
Required Readings: Emerson (2005)
21. Final Exam (on all sessions 1-20)
Required readings:
Allamani, Areta (2004): Economic and Fiscal Development during Transition in Albania, in: Kreso, Sead / Haderi, Sulo / Meyer, Dietmar / Wenzel, Heinz-Dieter (eds.) (2004): Acceding to the European Union: New Members and Candidates, Bamberg, pp. 249-256.
Bailey, David / Lisa de Propris (2004): “A Bridge too Phare? EU Pre-Accession Aid and Capacity-Building in the Candidate Countries” JCMS 42 (1), pp. 77-98.
Balcerowicz, Leszek (2001): Post-Communist Transition: Some Lessons, London: The Institute of Economic Affairs.
Dauderstädt, Michael (2005): Macroeconomic policies for a growing neighbourhood, in: Dauderstädt, Michael (ed.) (2005): Towards a prosperous wider Europe: Macroeconomic policies for a growing neighbourhood, Friedrich Ebert Foundation International Policy Analysis Unit, Bonn, pp. 5-13.
Đonlagić, Dženan (2004): Macroeconomic Aspects of Bosnia and Herzegovina’s Integration into the European Union and the European Monetary Union, in: Kreso, Sead / Haderi, Sulo / Meyer, Dietmar / Wenzel, Heinz-Dieter (eds.) (2004): Acceding to the European Union: New Members and Candidates, Bamberg, pp. 93-103.
Efendić, Adnan (2004): Specifics of Government Expenditure in Bosnia and Herzegovina, in: Kreso, Sead / Haderi, Sulo / Meyer, Dietmar / Wenzel, Heinz-Dieter (eds.) (2004): Acceding to the European Union: New Members and Candidates, Bamberg, pp. 285-296.
Emerson, Michael (2005): An Interim Plan for South-East Europe: Customs Union with the EU and a Regional Schengen for Free Movement of People, Centre of European Policy Studies CEPS Policy Brief No. 85/November 2005, Brussels.
Flam, Harry (2005): Economic Effects of Turkey’s Membership on the European Union, in: Hoekman, Bernhard M. & Sübidey Togan (Edited 2005): Turkey. Economic Reform & Accession to the European Union, Washington D.C.: Worldbank, pp. 341-352.
Goldschmidt, Nils & Joachim Zweynert (2006): The two transitions in Central and Eastern Europe and the relation between path dependent and politically implemented institutional change, Journal of Economic Issues, Vol XL, No 4.
Gros, Daniel (2005): Economic Aspects of Turkey’s Quest for EU Membership, Centre of European Policy Studies CEPS Policy Brief No. 69/April 2005, Brussels.
Halilbašić, Muamer / Agić, Emir (2004): International Competitiveness of Bosnia and Herzegovina: Macroeconomic Reform necessary, but not sufficient Condition for Sustained Economic Growth, in: Kreso, Sead / Haderi, Sulo / Meyer, Dietmar / Wenzel, Heinz-Dieter (eds.) (2004): Acceding to the European Union: New Members and Candidates, Bamberg, pp. 213-230.
Hoekman, Bernhard M. & Sübidey Togan (2005): Overwiew, in. Turkey. Economic Reform & Accession to the European Union, Washington D.C.: Worldbank, pp. xvii-xxxvii.
Jorgji, Etis (2004): Albania and its regional integration, in: Kreso, Sead / Haderi, Sulo / Meyer, Dietmar / Wenzel, Heinz-Dieter (eds.) (2004): Acceding to the European Union: New Members and Candidates, Bamberg, pp. 77-92.
Kreso, Sead / Haderi, Sulo / Meyer, Dietmar / Wenzel, Heinz-Dieter (eds.) (2004): Acceding to the European Union: New Members and Candidates, Bamberg.
Pejovich, Steve (2003): Why is Culture Important?
Schuß, Heiko (2006): The Economic Culture of Turkey – an Impediment to its Integration into the EU? Intereconomics. Review of European Economic Policy 41 (4), pp. 194-199.
Teka, Soana (2004): The Foreign Trade of Albania in the Context of Free Trade Agreements with the Region Countries, in: Kreso, Sead / Haderi, Sulo / Meyer, Dietmar / Wenzel, Heinz-Dieter (eds.) (2004): Acceding to the European Union: New Members and Candidates, Bamberg, pp. 181-190.
Tondl, Gabriele / Vuksic, Goran (2003): What makes Regions in Eastern Europe catrching up ? The Role of Foreign Investment, Human Resources and Geography, Zentrum für Europäische Integrationsforschung ZEI Working Paper B 12/2003, Bonn.
Togan, Sübidey (2005): Economic Implications of EU Accession for Turkey, in: Hoekman, Bernhard M. & Sübidey Togan (Edited 2005): Turkey. Economic Reform & Accession to the European Union, Washington D.C.: Worldbank, pp. 311-330.
Togan, Sübidey & Hasan Ersel (2005): Macroeconomic Policies for Turkey’s Accession to the EU, in: Hoekman, Bernhard M. & Sübidey Togan (Edited 2005): Turkey. Economic Reform & Accession to the European Union, Washington D.C.: Worldbank, pp. 3-36.
Togan, Sübidey, Ahmet Bayener & John Nash (2005): Analysis of the Impact of EU Enlargement on the Agricultural Markets and Incomes of Turkey, in: Hoekman, Bernhard M. & Sübidey Togan (Edited 2005): Turkey. Economic Reform & Accession to the European Union, Washington D.C.: Worldbank, pp. 39-86.
Traistaru, Iulia / von Hagen, Jürgen (2003): South-East Europe: Economic Performance, Perspectives and Policy Challenges, Zentrum für Europäische Integrationsforschung ZEI Working Paper B 16/2003, Bonn.
Ülgen, Sinan / Zahariadis, Yiannis (2004): The Future of Turkish-EU Trade Relations: Deepening vs. Widening, Centre for European Policy Studies CEPS EU-Turkey Working Paper No. 5/August 2004, Brussels. World Bank (2006a): Bulgaria Country Brief 2006, available online at www.worldbank.org.bg/ [2] , accessed 6 August 2006.
World Bank (2006b): Macedonia Country Brief 2006, available online at www.worldbank.org.mk/ [3] , accessed 6 August 2006.
World Bank (2006c): Serbia-Montenegro Country Brief 2006, available online at www.worldbank.org.yu/ [4], accessed 6 August 2006.
World Travel & Tourism Council WTTC (2001): Turkey – The Impact of Travel & Tourism on Jobs and the Economy, London.
World Travel & Tourism Council WTTC (2002): Croatia – The Impact of Travel & Tourism on Jobs and the Economy, London.
World Travel & Tourism Council WTTC (2004): Montenegro – The Impact of Travel & Tourism on Jobs and the Economy, London.
World Travel & Tourism Council WTTC (2006): Romania – The Impact of Travel & Tourism on Jobs and the Economy, London.
Heart of Darkness or the Sunny Side of Life?: Economic Challenges and Potentials of Turkey and the Balkans
The course focuses on the challenges of transition from communist central command economies, difficulties of reconstructing war-torn countries and the economic modernization of traditional economies in Southeast Europe, a leading region for tourism and a region with great growth potential at the doorstep of the European Union. The eventual integration of the emerging economies in Southeast Europe into the EU’s Single Market and the problems associated with that process will be analyzed in systematic cross-country comparison with a certain focus on Turkey, already linked to the Single Market through a Customs Union.
Prior introductory coursework in economics and/or international business
Lectures, Seminar Discussions, Experiential Learning
Readings and active participation in seminar discussions (20%), project report (30%: 10% oral presentation, 20% written part), mid-term exam (20%), final exam (30%)
I. Introduction to Economics and EU support of Turkey, the Balkans and Southeast Europe
1. The theoretical background: Theories of International Trade
2. Economic Overview of Turkey, the Balkans and Southeast Europe
Required Readings: Traistaru/von Hagen (2003)
3. European Union enlargement, catching-up scenarios and economic prospects for the region
Required Readings: Tondl/Vuksic (2003)
4. EU’s pre-accession aid for Southeast Europe – Projects and Impact
Required Readings: Bailey/De Propris (2004)
II. Economic Situation in Southeast Europe and the Balkans
5. Post-communist transition in Southeast Europe EU Candidate Countries
Required Readings: Balcerowicz (2001)
6. The two Transitions: Differences between Transitional Developments
Required Readings: Goldschmidt/Zweynert (2005); Pejovich (2003)
7. National economic policies and country profiles in Southeast Europe
Required Readings: Allamani (2004); Efendić (2004); Teka (2004)
Recommended Readings: World Bank (2006a, 2006b, 2006c)
8. Macroeconomic, financial and monetary stability in Southeast Europe
Required Readings: Dauderstädt (2005)
Recommended Readings: Đonlagić (2004); Jorgji (2004); Halilbašić & Agić (2004)
9. Case Study I - Sector Analysis: Tourism in selected Southeast European countries
Tourism and its economic significance in Croatia and Montenegro
Required Readings: World Travel & Tourism Council WTTC (2002), pp. 1-19; World Travel & Tourism Council WTTC (2004), pp. 1-23; World Travel & Tourism Council WTTC (2006), pp. 1-17.
10. In focus: Serbia in the economic offside?
Required Readings: Dauderstädt (2005)
11. Mid-term Exam on sessions 1-10
Field Study Trip to Bosnia-Hercegovina (BiH) – 6 to 9 days
12. Field Study Reflection Session
III. Economics, Trade and EU accession preparation of Turkey
13. Turkey’s Economy – a closer look
Required Readings: Hoekman & Togan (2005)
14. Macroeconomic Policies for Turkey’s Accession to the EU
Required Readings: Togan & Ersel (2005) Recommended Readings: Gros (2005)
15. Case Study II – Sector Analysis: Tourism in Turkey
Required Readings: World Travel & Tourism Council WTTC (2001)
16. Analysis of the Impact of EU Enlargement on the Agricultural Markets and Incomes of Turkey
Required Readings: Togan, Bayener & Nash (2005).
IV. Implications of EU Accession for Turkey and the EU
17. Economic Implications and effects of Turkey’s accession to the EU
Required Readings: Togan (2005); Flam (2005)
18. The Economic Culture of Turkey – An Impediment to its Integration into the EU?
Required Readings: Schuß (2006).
Field Study Trip to Turkey – 6 to 9 days
19. Field Study Reflection Session
V. Outlook
20. Wrap-up: Economic Progress and Challenges for Turkey, the Balkans and Southeast Europe
Required Readings: Emerson (2005)
21. Final Exam (on all sessions 1-20)
http://www.iesabroad.org/study-abroad/programs/european-union-summer
http://www.worldbank.org.bg/
http://www.worldbank.org.mk/
http://www.worldbank.org.yu/