Vienna, Austria

International Economy and Sustainable Development

when 1 July 2019 - 11 July 2019
language English
duration 2 weeks
credits 6 EC
fee EUR 950

The international economic structures of the world are undergoing enormous change. We seek to understand the key elements of this change, to analyse what point we have already reached in this global shift and to see which paths are sustainable and will lead to the most promising future.
Thus the course will clarify if the current paradigm in international economy, international finance and macroeconomic regulation is sustainable. This question will be enriched by an analysis of the impacts of changing environment on management and citizenship through the concepts of corporate social responsibility (CSR) and sustainable development.

Objectives of the course:
- to give a broad understanding of:
- international trade theories,
- the changing global economy and
- the globalisation debate (economic, social and ecological limits)
- to increase comprehension on how environment influences international economy, international management, the consumer and all the society
- to promote the necessary awareness of sustainable development and sustainable development strategies (planned obsolescence; rebound effect; circular and positive economy; efficiency, sufficiency, consistency)
- to introduce the concept of Corporate Social Responsibility and to show how climate change action can be a business opportunity
- to open student’s mind and develop critical thinking skills, to work in teams and improve communication skills (written and oral communication)

Course leader

Prof. Dr. Guy Fournier, Pforzheim University

Target group

students from business, economics and engineering, interested professionals

Course aim

1. International Trade and Globalisation 2. Driver of Globalisation 3. Benefits of Globalisation 4. The Globalisation Debate: - GDP vs. GPI - Prosperity or Impoverishment? - Distribution of Wealth (Gini) - Environment: Limited Availability of natural resources - Environment: Global Warming, Economics of Climate Change - Environment: Biodiversity 5. Sustainable Development - Sustainability as a guiding principle - Strategies of Sustainable Development: Planned obsolescence - Strategies of Sustainable Development: Kuznet Curve of pollution - Strategies of Sustainable Development: Efficiency, Sufficiency, Consistency - Strategies of Sustainable Development: rebound effect - Strategies of Sustainable Development: circular economy - Responsible for Sustainable Development: States and States Policy - Responsible for Sustainable Development: Companies - Responsible for Sustainable Development: Consumer 6. presentations: - Sustainable Development: do we need a new measurement of Economic Performance and Social Progress? - Status and Future of globalisation - Global Monetary System - Regional Economic Integration: European Union - Regional Economic Integration: Nafta - Regional Economic Integration: Asean, Apec (Asia-Pacific Economic Cooperation) and TPP (Trans-Pacific Partnership Agreement) - Regional Economic Integration: Transatlantic Trade and Investment Partnership (TTIP) - Chinese Environmental Policy - International Business and Strategic Advantage Through Climate Change Action: Carbone Disclosure Project 7. Globalisation and Sustainabilty as a challenge for the Management: The case of Renault Nissan 8. Summary 9 Conclusion.

Credits info

6 EC
Participants will receive a certificate of participation at the end of the summer school and all necessary documentation to validate the course at their home university.

Fee info

EUR 950: This is the reduced participation fee for students. (social program included)