ÐÓ°ÉÂÛ̳

 

Not available in 2021/22
EU449      Half Unit
Emerging Markets, Political Transition and Economic Development in Central and Eastern Europe

This information is for the 2021/22 session.

Teacher responsible

Dr Abigail Innes CBG 6.03

Availability

This course is available on the MSc in European and International Public Policy, MSc in European and International Public Policy (ÐÓ°ÉÂÛ̳ and Bocconi), MSc in European and International Public Policy (ÐÓ°ÉÂÛ̳ and Sciences Po), MSc in Political Economy of Europe, MSc in Political Economy of Europe (ÐÓ°ÉÂÛ̳ and Sciences Po), MSc in Political Science and Political Economy and MSc in The Global Political Economy of China and Europe (ÐÓ°ÉÂÛ̳ and Fudan). This course is not available as an outside option.

Pre-requisites

EU409 Basic Economic Concepts for European Political Economy or equivalent.

Course content

This course applies concepts of political economy, economics and political science to its investigation of Central and Eastern Europe’s development from post-communist transition, through EU accession to their condition as highly open, FDI-dependent markets within the European Single Market. Placing the region in the comparative context of both the EU15 and comparable emerging markets, the course investigates the ongoing challenges of political and institutional consolidation and the developmental consequences of the liberalization and the consumption and FDI-led growth model of the 1990s/2000s. The course examines the emerging strengths and persistent weaknesses of these political economies and considers their implications for the region’s emerging varieties of capitalism, relative international competitiveness and political stability. It also considers the comparative political economy of the ‘middle income trap’, corruption and nationalist populism. The lectures aim to provide analytical frameworks and an overview of the major research findings and debates about systemic transformation, the influence of EU accession and the difficulties of consolidating democratic capitalism in open emerging markets in a globalised world. The seminars link key concepts with the empirical evidence arising from comparable cases.

Teaching

10 hours of lectures and 15 hours of seminars in the LT. 1 hour of lectures in the ST.

Students on this course will have a reading week in Week 6, in line with departmental policy.

Formative coursework

One 1500 word essay

Indicative reading

  • Hilary Appell and Mitchell Orenstein, (2018) From Triumph to Crisis: Neoliberal economic Rerform in Postcommunist Countries, Cambridge University Press;
  • Jan Drahokoupil and Martin Myant (eds.) (2015) Transition Economies after 2008: Responses to the Crisis in Russia and Eastern Europe, Routledge.
  • Rachel Epstein (2017) Banking on Markets: The Transformation of Bank-State Ties in Europe and Beyond, Oxford University Press;
  • Nick Barr (ed.) (2005) Labor Markets and Social Policy in Central and Eastern Europe: The Accession and Beyond, Washington DC: The World Bank;
  • Dorothee Bohle and Bela Greskovits (2012) Capitalist Diversity on Europe’s Periphery, Ithaca: Cornell University Press;
  • Hilary Ap