Emerging markets in international relations 2104-M-D2RWSM-SRG

1. Characteristics distinguishing emerging markets with different parameters of income, capital markets, economic growth, foreign investment, domestic and foreign policy
Qualification of emerging markets in functional, institutional and geographical terms
Development models for emerging markets taking into account the role of investment, consumption and export
Main parameters of emerging markets and developed countries - comparative analysis
2. Main EU challenges in emerging markets
EU Economic Diplomacy Instruments - European External Action Service, Customs Preferences Systems
Organization, objectives and instruments of Polish economic diplomacy
3. China
a) economic strategies - the evolution of the strategy from Deng Xiaoping's "Four Modernizations" to Xi Jinping's model of "dual circulation"
b) functioning of financial institutions - the central bank, state and commercial banks (on the mainland and in Hong Kong), the stock exchange in Shanghai and Hong Kong, credit cooperatives and municipal cooperative banks
c) regulations concerning investments - pro-investment regulations of 1979, 1986, 2001 and 2019.
d) challenges - decline in GDP growth, transition from pro-export economy to consumption-based economy, profitability of production and banking, tax revenues and expenses, imbalance in regional development
4. Malaysia and Indonesia
a) Malaysia's economic strategies - from the New Economic Policy and New Development Policy to the 11th five-year plan and six strategic goals
b) Indonesia's economic strategies - from Suharto New Order to Joko Widodo's structural reforms
c) functioning of financial institutions in Malaysia - central bank, commercial banks, Islamic banks, stock exchange, role of ERF Sdn. Bhd. and Prokhas Sdn. Bhd.
d) the functioning of financial institutions in Indonesia - the role of the central bank, FSA and BAPEPAM, commercial banks, Islamic banks, Jakarta and Surabaya stock exchanges
e) regulations regarding investments in Malaysia - investment law of 1986, sector restrictions on foreign companies' shares
f) regulations regarding investments in Indonesia - the laws of 2007 and draft amendments to them of 2021, the role of the PCM, special economic zones
g) challenges - Malaysia - insufficient tax revenues, suspension of large infrastructure investments, deepening investment incentives, Indonesia - consequences of transition to the status of a country with medium-high income per capita in 2020, unstable rupee, low economic growth rate
5. United Arab Emirates, Qatar and Egypt
a) UAE economic strategy - from Abu Dhabi National Oil Company (1971) to Abu Dhabi Economic Vision 2030
b) Qatar's economic strategy - the rise of Qatar Petroleum, economic blockade, the National Vision 2030
c) Egyptian economic strategy- Nasser's strategy, reforms in the 90s and after the 2011 revolution
d) the functioning of UAE financial institutions - the central bank, banks established under the 1980 Act, branches of foreign banks, the Dubai and Abu Dhabi stock exchanges
e) functioning of Qatar's financial institutions - the central bank, Qatar National Bank as the largest private bank in the Middle East, the role of Qatar Investment Authority (QIA)
f) operation of Egyptian financial institutions - central bank, EFSA (Egyptian Financial Supervisory Authority), iScore (Egyptian Credit Bureau)
g) regulations concerning investments in the UAE - the law on the Funds of 2012 and investments of 2018, the role of the Ministry of Economy - Committee for Foreign Direct Investments
h) Qatar investment regulations - 2015 law, role of the Ministry of Industry and Trade
i) regulations regarding investments in Egypt - the role of GAFI (General Office for Investments), new investment law 2017
d) challenges - UAE - high population growth, rapid increase in energy and water demand, rapid urbanization, Qatar - high population growth, environmental pollution, Egypt - population growth, creating new jobs for the young generation, industrialization
6. India
a) economic development strategies - reforms 1991, 1996-2007, 2014-2020, programs of Prime Ministers Manmohan Singh and Narendra Modi
b) functioning of financial institutions - the Central Bank, the role of the Ministry of Finance, the Mumbai stock exchange, commercial banks
c) investment regulations - laws of 1991, 1995, 2015 and 2019, role of the Ministry of Industry and Trade
d) challenges - creating jobs with a rapid demographic increase, industrialization, modernization of transport infrastructure, development of innovation and technology transfer, environmental pollution
7. Brazil
a) economic strategies - reforms 1994, reforms of President Lula da Silva, President Dilma Rouseff and President Jair Bolsonaro
b) functioning of financial institutions - central bank (BB), Caixa bank (Federal Bank of the Savings and Loan Association), BNDS (National Bank for Economic and Social Development), the role of CMN (National Monetary Council), CNSP (National Private Insurance Council), CVM (Securities Commission), Sao Paulo Stock Exchange
c) regulations concerning investments - role of the Central Bank, regulations of 1962 and 1994.
d) challenges - environmental protection (deforestation), modernization of infrastructure, competitiveness, fiscal pressure
8. Turkey
a) economic strategies - Ozal's reforms 1980, 1994, EU-Turkey Customs Union 1995, Recep Erdogan's reforms (2003-2020)
b) the functioning of financial institutions
c) regulations concerning investments - the law of 2003, the Turkish Commercial Code 2012, the role of the Investment Office in the Chancellery of the President of Turkey
d) challenges - permanent deficit on the current account, dependence on imported goods, transformation of the economy and abandonment of the economy based on consumption, innovation