Students will examine a number of the most recent crises in emerging economies; evaluate the causes of these crises and ways to avoid such crises from occurring again in the future. Students will also evaluate challenges confronting developed economies, such as the European Union, the US “new economy”, slow economic growth in Japan, as well as disputes over globalization and trade. Prerequisite ACCT 115
- Understand the factors contributing to Japan’s postwar rapid growth until the “bubble burst.”
- Understand the cause and effect of the East Asian economic crisis.
- Analyze the frictions between U.S.-Japan, U.S.-China and U.S.-E.U., and the links between trade barriers and trade frictions.
- Understand the recent economic meltdown and coping measures adopted by each affected country.