Social Determinants of Global Business

The course is not on the list Without time-table
Code Completion Credits Range
U63E0201 ZK 3 2P+1C
It is not possible to register for the course U63E0201 if the student is concurrently registered for or has previously completed the course 32BE-P-SDGB-01 (mutually exclusive courses).
The requirement for course U63E0201 can be fulfilled by substitution with the course 32BE-P-SDGB-01.
Garant předmětu:
Institute of Economic Studies


The course introduces students of technical university to the social determinants of international

business. It does that predominantly by comparing physical, institutional and social environment

of individual countries and key regions of world economy. Students get to know about different

religions and cultures, necessary for doing business in diverse societies as well as indexes of

economic freedom, corruption and economic development, which are needed for the right

investment decision. Seminars help to improve on the knowledge in the form of discussions

based on individual readings.

Syllabus of lectures:
Syllabus of tutorials:


1. Introduction to course. Level of economic development; why are some countries rich and

some poor? Natural resources, culture or economic institutions and policies

2. Religion and language, describing differences and history, causes of misunderstandings and


3. Cultural differences – economic and managerial point of view, Hofstede cultural dimensions

4. Economic geography, the most important natural resources in Europe and the World.

5. Population as a resource (HR), human capital, economic impact of depopulation (Europe, East


6. Comparative economics (GDP, TFP, indebtness, openness of economy, inflation,

unemployment) of selected particularly European countries

7. Economic institutions and policies in reaction to globalisation

8. Influence of democracy (Democracy index EIU) and political freedom (The Freedom house

index) on business environment

9. Economic freedom in the world (Index of economic freedom from The Heritage foundation

and The Frazer Institute, the Economic freedom of the world)

10. Definition and distribution of corruption (CPI from Transparency international) and quality

of business environment (World Bank index - Doing business: The Ease of doing business and

distance to frontier)

11. Human Development Index (UNDP) as an arguably best indicator of successful institutions

and macroeconomic policies

12. Cost and benefits of MNCs (strategies, M&A, technologies)

13. Ethics in international business

Study Objective:
Study materials:


Cavusgil, S.T., Knight, G., Rieselberger, J., International Business: The New Realities, 2013.

Internet based indexes.

Other resources, available to students for every topic on Moodle, see below.

1. Economic institutions and policies as a main factor for economic development; Olson M.

(1996): Big bills left on the sidewalk: why some nations are rich, and others poor.

2. Effectivity of economic cooperation in potentially conflict environment; Huntington S. (1993):

Clash of Civilizations. Foreign Affairs, introduction.

3. Comparison of cultures with 5 cultural dimensions of Hofstede

4. Comparison of larges importers and exporters of key resources

5. First and second demographic transformation, practical impact of population decline and

ageing of population in developed world, changes on market of goods and services

Evan T., Vozárová P. (2017): Influence of women’s workforce participation and pensions on

total fertility rate: a theoretical and econometric study, Eurasian Economic Review.

6. Practical part of working paper – PC lab, regression a correlation

7. Test I.

8. Analysis of Democracy Index and The Freedom House index

9. Analysis of Index of economic freedom and The Economic freedom of the world index

10. Analysis of CPI and Doing business index

11. Analysis of HDI

12. Presentation of working papers

13. Test II.

Further information:
No time-table has been prepared for this course
The course is a part of the following study plans:
Data valid to 2024-06-16
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