FORE School of Management, New Delhi

Course Outline
Programme PGDM FMG-30, IMG-15, FM-04 & BDA-02

Name of the Course: International Economic Organisations Credit: 3.0

Term: 4 Academic Year: 2022-2023
Faculty: Prof. Arbuda Sharma Office Contact No.: 011- 41242466
Email: arbuda.sharma@fsm.ac.in
___________________________________________________________________________

Introduction:

The course evolves its premise from World War I & II, and the global development crisis that
prevailed during the period. This course details out the critical nuances of the multilateral
collaborative global efforts to develop consensus of managing global economy and its
development, through institutional frameworks. The institutional role in determining the global
economy and trade has been mutating, and so is the response of the countries to the global
economy and international trade

The course focus is on International Economic Organizations, and their interaction and evolution
with state actors for global development. In the above context, in this course, we will discuss,
multiple International Economic Organizations (IEO), such as, IMF, World Bank, WTO,
UNCTAD etc. The course also details out the economic integration and regional blocks such as
EU, NAFTA, ASEAN and so on. The discussions will also have reference from Indian context
and its implication for managers in International business.

Objective

The course aims to provide evolutionary perspective of International Economic Organizations,

impacting global business and trade. The main objectives of this course are listed below:

 To provide an introduction on relevance of international economic organizations, and

observe various issues around which international economic organisations revolve.
 To describe the role that institutions play in regulating Trade, Development, Monetary
issues, Debt, Transition to a market economy and Regional integration.
 To provide an introduction on international trade agreements, economic integration and to
familiarize the participants on regional trade blocs and its impact on India.
 Observing the shifts taking place in the global economy and the world order, with changing
times.
Reference Books
1. Cherunilam, Francis (2017). International Economics, McGraw Hill Education; 5 edition.
ISBN: 978-0070263642.
2. Ahmed, Faisal, Alam Absar.M (2017). Business Environment Indian and Global Perspective,
PHI Learning, Private Limited; Second Edition. ISBN-978-81-203-5333-6.
3. Joshi, M. R. 2009. International Business. Oxford University Press. ISBN: 978-0-19-568909-9

Pedagogy: Lecture with Contextual Class Discussions, Case Study, Technical note, Role Play

Case Study:
1. Harvard Business Publishing Case: India: Liberalize in the Face of Crisis? Nikhil
Gaikwad & Kenneth Scheve Case P-86 (01/15/16)

Technical Note
1. Toreli,P.(2013) Poverty ,Progress and Critics of Globalisation: Understanding the Forces of
Globalisation for Manger’s Harvard Business Publishing BEP 234 November 2013

2. Debaere, Peter, A Theory of GATT/WTO. Darden Case No. UVA-GEM-0153, Available

at SSRN: https://ssrn.com/abstract=3121348 or http://dx.doi.org/10.2139/ssrn.3121348

Evaluation Component and weightage:

Role Play :15

Case Analysis :15
Class Participation :10
Mid-term Exams :20
End Term Exams :40
__________________________
Total :100 Marks
Session Plan
Theme
Session
No.
1,2 Evolution of International
organizations post world war & their
rationale
Post-world war: Bretton Woods
Conference –inception of twin sisters
IMF & WB, structure & their role
The World Bank Group: International
3&4 Bank for Reconstruction and
Development (IBRD), International
Development Agency (IDA),
International Finance Corporation
(IFC), Multilateral Investment
Guarantee Agency (MIGA)
5&6 India: Liberalize in the face of crisis
and Role of IMF
General Agreement on Trade and
7 Tariff (GATT) and emergence of
World Trade Organization (WTO)
WTO: Principles of WTO
United Nations Conference on Trade
8 and Development (UNCTAD)
Additional Reading/Cases Question to explore
/Learning outcome*
SR: Prolegomena to the Choice
of an International Monetary The need to establish
System Author(s): Richard N. international organizations
Cooper Source: International
Organization, Winter, 1975, Vol.
29, No. 1, World Politics and
International Economics (Winter,
1975), pp. 63-97
ER: International Economics:
Francis Cherunilam Chapter 27,
page no. 595-615 Role & functions of IMF
and World Bank and their
SR: Abbotta P (2020) IMF and Impact on developing
economic reform in developing countries
countries The Quarterly Review World Bank group,
of Economics and Finance 50 assistance for whom and
(2010) 17–26 for What?
Willet D Thomas(2001)
Understanding the IMF Debate.
The Independent Review Vol.
5(4),593-610
Harvard Business Publishing
Case: India: Liberalize in the CASE ANALYSIS-
Face of Crisis? Decision Dilemma
Nikhil Gaikwad & Kenneth India faced and Key issues
Scheve Case P-86 (01/15/16) with IMF plan for India
by international
institutions in the domain
of global economic
policymaking.
ER: International Economics: Multilateral trade
Francis Cherunilam, Chapter 28, negotiation system and
page no. 623-654 WTO
SR: Business Environment
Indian and Global Perspective,
Faisal Ahmed and M.Absar
Alam Chapter 19,Page 372-393
ER: A Theory of GATT/WTO
By: Peter Debaere
ER: International Economics: UNCTAD aim and its
Francis Cherunilam, contribution in promoting
Page no. 616 – 618 international trade

International Labour Organisation
9 (ILO)
Economic Integration and
10 Cooperation: Meaning and Scope,
rationale and Objectives, Forms of
Integration, Integration Theory
11 Benefits and Disadvantages of
Regional Integration
Agreements(RIAs), Economic
Integration of Developed Countries
and Developing countries
SR: Bérangère Ruchat Matthias
Finger(2000) The
Transformation of International
Public Organizations: The Case
of UNCTAD Management des
enterprise’s publiques Working
paper no 14/2000
Guy Standing (2010) The To learn about ILO, & its
International Labour role in promoting Human
Organization, New Political & labour Rights
Economy, 15:2, 307-318, DOI:
10.1080/13563460903290961
To link to this article:
https://doi.org/10.1080/1356
3460903290961
ADB Working Paper Series on To understand scope,
Regional Economic Integration objectives, forms &
Developing Indicators for Theory of Economic
Regional Economic Integration Integration
and Cooperation
Giovanni Capannelli, Jong-Wha
Lee, and Peter Petri
No. 33 | September 2009
ECONOMIC INTEGRATION
AMONG THE ASIA-PACIFIC
ECONOMIC COOPERATION
COUNTRIES: Linder Effect on
Developed and Developing
Countries (1985–1999)
Donny Tang
Pages 19-49 | Published online:
21 Jun 2010
ER: International Economics:
Francis Cherunilam,
Chapter 13, page no. 293 – 307,
315 – 326
Economic integration and RIA’s in world, factors
prospects for regional monetary contributing to success or
cooperation in East Asia failure
Author links open overlay panel
NathalieAminian
Beyond the river: the benefits of
cooperation on international
rivers
Author links open overlay panel
Claudia WSadoffDavidGrey
ER: International Economics:
Francis Cherunilam,
Chapter 13, page no. 293 – 307,
315 – 326
MID TERM
12 Globalization vs. Regionalization ER: Toreli,P.(2013) Poverty Understanding the Forces
: NAFTA ,Progress and Critics of of Globalisation for
Globalisation: Understanding the Manager’s
Forces of Globalisation for
Manger’s Harvard Business
Publishing BEP 234 November
2013

ER: International Economics:

Francis Cherunilam,
Chapter 13, page no. 313 – 314
13 European Union (EU) India and the European EU: Stakeholders
EU – INDIA Unionlocked perspective and Challenges
Rajendra K. Jain
https://doi.org/10.1093/acrefore/9
780190228637.013.1134

The European Union and India:

from donor-recipient relations to
partners in development
Pascaline Winand
Pages 579-595

ER: International Economics:

Francis Cherunilam,
Chapter 13, page no. 308 – 312

MOCK WTO - Simulating opinion in role

14 Student’s Groups Role Play activity NEGOTIATIONS play format on various
& ROLE PLAY issues and challenges of
15 countries in WTO, and the
negotiations
16 Association of South East Asian SR: Analysis of India –ASEAN Understanding problems &
Nations (ASEAN) Trade: Towards Regional Progress of South Asian
ASEAN & INDIA Comprehensive Economic Economies & India’s role
Partnership in it
Premises, Perils, and Promises
of ASEAN Integration
David Michael M. San Juan
First Published July 26,2018
https://doi.org/10.1177/0169796
X18784442
ASEAN sceptics versus ASEAN
proponents: evaluating regional
institutions
Richard Stubbs (2019) ASEAN
sceptics versus ASEAN
proponents: evaluating regional
institutions, The Pacific Review,
32:6, 923-950, DOI:
10.1080/09512748.2019.161162
7
To link to this article:
https://doi.org/10.1080/09512748
.2019.1611627

17 South Asian Association for Regional SAARC and South Asian Understanding regional
Cooperation(SAARC) and South Economic Integration Author(s): cooperation
Muchkund Dubey Source:
 Asian preferential trade Agreement
SAPTA
Indo-Lanka Free Trade
18 Indo-Lanka Free Trade (contd.)
Indo -Singapore Comprehensive
Economic Cooperation Agreement
(CECA)
Economic and Political Weekly ,
Apr. 7-13, 2007, Vol. 42, No. 14
(Apr. 7-13, 2007), pp. 1238-124
South Asian regionalism: the
limits of cooperation by
Bhumitra Chakma, Bristol,
Bristol University Press, 2020,
vii +241 pp., £75.00 (hardback),
ISBN 9781529205152
Sreeradha Datta (2022) South
Asian regionalism: the limits of
cooperation, Commonwealth &
Comparative Politics, 60:1, 121-
123, DOI:
10.1080/14662043.2021.201896
5 To link to this article:
https://doi.org/10.1080/14662043
.2021.2018965
Can SAARC be made
Effective?
https://www.vifindia.org/article/2
020/may/25/can-saarc-be-made-
effective
What Can BIMSTEC Deliver
That SAARC Could Not?
https://www.vifindia.org/article/2
022/april/07/what-can-bimstec-
deliver-that-saarc-could-not
Developments in Sri Lanka and India’s bilateral trade
Its Implications relations with Sri Lanka
https://www.vifindia.org/event/re
port/2022/april/22/developments-
in-sri-lanka-and-its-implications
ER: International Economics: Bilateral trade and mutual
Francis Cherunilam, benefits
Chapter 14, Page 342 – 350
ER: International Economics:
Francis Cherunilam,
Chapter 14, Page 350 – 351
India-Singapore Bilateral
Relations (1965–2012): The
Role of Geo-Politics, Ideas,
Interests, and Political Will
Yogaananthan S/O Theva
&
Rahul Mukherji
ER: International Economics:
Francis Cherunilam,
Chapter 14, Page 351 – 352
Trade & Aid Diplomacy;
SR: Z, Karolina.(2016) effectiveness and its
Development Diplomacy impact
Development Aid as a Part of
 Development Diplomacy& Aid Public Diplomacy in the Pursuit
19 Indian Context of Foreign Policy Aims:
Theoretical and Practical
Considerations Historiai Politya
Vol.16 (23) pp. 9 –26

The economics of soft power:

Reliance on economic
resources and instrumentality
in economic gains Daniele
Carminati

Daniele Carminati (2022) The

economics of soft power:
Reliance on economic
resources and instrumentality
in economic gains, Economic
and Political Studies, 10:1, 19-
43, DOI: 10.1080/20954816.202
0.1865620

Summation of course learnings

20
End Term

For official use: -

As Benchmarked with course content in previous year, the contents of this course: (Please mark
the right option below)
(a) Is totally new
(b) Has not changed at all
(c) Has undergone less than/equal to 20% change
(d) Has undergone more than 20% change

Course Faculty- Prof. Arbuda Sharma Area Chair - Prof. Sudeep S.

Manager (Academics-I)

Dean (Academics)