For any discussion on the topic of economic development and globalization, a major component of the argumentative approach involves the use of exogenous comparative studies. Comparative studies draw on comparative data to shed light on both similarities and differences in the performance of various nations. The second most common approach is the exogenous approach wherein the only comparisons considered are those from the inside of the country (i.e., domestic level) rather than those from a different country (e.g., international level). Using these methods allows scholars to evaluate different nations on their own terms and not those of other nations. to get more info try out here
The introduction of the MSc program offers students a unique opportunity to develop both analytical skills and international business experience through the study of global economics. There are many theoretical courses that are primarily concerned with examining historical and comparative examples. In addition to the more traditional economic development topics such as market structure and competitiveness, students will also learn how international trade and investment affect each nation as well as how emerging nations differ from existing nations in key aspects such as infrastructure development and technology implementation. The increased levels of trade that currently exists internationally give students the unique opportunity to see the effects of globalization both on the domestic level and on the global scale.
Studying macroeconomics is another important class that students can take to gain an understanding of the effects of globalization and economic development. Topics covered include national income forecasting, optimal taxation, budgeting for public services and safety, and financial stability. Students will also learn about trade liberalization and its effect on the overall economy. One of the most recent developments on the international scene is the formation of the European Union. As intra-European migration continues to increase, European Union integration is seen as an important factor in the preservation of peace and the stability of the European continent.