Doing Business in Eastern Europe
Course outline: Doing Business in Eastern Europe 2019
Part 1: Pre class activities
Participants should read all of the following and submit a One Pager on one of them:
- Laar, Mart “The Estonian Economic Miracle” Heritage Foundation, Backgrounder No. 2060, August 7th 2007
- Isern, Joseph and Pung, Caroline “Driving Radical Change” McKinsey Quarterly 2007, Issue 4, pp.24-35
- Acemoglu, D., 2009 “Epilogue: Mechanics and Causes of Economic Growth” in ‘Introduction to Modern Economic Growth’, Princeton University Press
- “Central, Eastern, and Southeastern Europe: A Broadening Recovery” IMF Regional Economic Issues, May 2017
- Evans, A.J., and Tse, T., 2018 “A strategic plan for the East Belarus mechanical engineering cluster” International Journal of Competitiveness, Vol. 1, No. 3
Part 2: Lecture and quiz
The lecture slides will be made available here.
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Part 3: Class Assignment
Participants should select one of the countries under study and identify a potentially internationally competitive cluster. Using the format provided in the lecture, and the East Belarus mechanical engineering article as a guide, participants will submit a written report. The report should contain diamond analysis and cluster mapping.
- For more on the diamond model: https://www.isc.hbs.edu/competitiveness-economic-development/frameworks-and-key-concepts/Pages/the-diamond-model.aspx and “Porter’s Diamond model” Expert Program Management
- For more on clusters: https://www.isc.hbs.edu/competitiveness-economic-development/frameworks-and-key-concepts/Pages/clusters.aspx and Ketels, C., 2017 “Cluster Mapping as a Tool for Development” Harvard Business School
The following clusters are not permitted:
- Ship & Boatbuilding in Croatia
- Romania Apparel Cluster
Useful resources:
- World Bank Doing Business http://www.doingbusiness.org/
- World Economic Forum Global Competitiveness Report 2017-18: https://www.weforum.org/reports/the-global-competitiveness-report-2017-2018
- Fraser Institute Economic Freedom of the World Index: http://www.freetheworld.com/
- Heritage Foundation Index of Economic Freedom: https://www.heritage.org/index/
- Legatum Institute Prosperity Index: https://www.prosperity.com/
- Social Progress Imperitive’s Social Progress Index: https://www.socialprogress.org/
- UN Human Development Index: http://hdr.undp.org/en/content/human-development-index-hdi
