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Elective: Foreign Direct Investment, Multinational Companies and the Political Economy of Emerging Market Countries


Admission requirements

This course is only available for students in the BA International Studies programme.
The number of participants is limited to 25.


The aims of this course are to provide an understanding of the factors driving the recent development of emerging market economies, paying particular attention to the political economy of industrialization, foreign direct investment and innovation.

The main themes covered include:

  • Concepts and recent trends in foreign direct investment (FDI) and internationalization;

  • The nature and characteristics of multinational corporations (MNCs);

  • The impact of MNCs on the development process of emerging market economies;

  • The development of emerging market-based MNCs;

  • The development of indigenous technological capabilities in emerging market, and the role that MNCs and the state can play in this process.

A particular emphasis will be placed on comparisons and contrasts between experiences in Latin America and in East and South Asia.

Course objectives

The Electives for International Studies are designed to teach students how to deal with state-of-the-art literature and research questions. They are chosen to enhance the students’ learning experience by building on the multidisciplinary perspectives they have developed so far, and to introduce them to the art of academic research. They are characterised by an international or comparative approach.

Academic skills that are trained include:

Oral and written presentation skills:

1. To explain clear and substantiated research results.
2. To provide an answer to questions concerning (a subject) in the field covered by the course:

  • in the form of a clear and well-structured oral presentation;

  • in agreement with the appropriate disciplinary criteria;

  • using up-to-date presentation techniques;

  • using relevant illustration or multimedia techniques;

  • aimed at a specific audience.
    3. To actively participate in a discussion following the presentation.

Collaboration skills:

1. To be socio-communicative in collaborative situations.
2. To provide and receive constructive criticism, and incorporate justified criticism by revising one’s own position.
3. To adhere to agreed schedules and priorities.

Basic research skills, including heuristic skills:

1. To collect and select academic literature using traditional and digital methods and techniques.
2. To analyze and assess this literature with regard to quality and reliability.
3. To formulate on this basis a sound research question.
4. To design under supervision a research plan of limited scope, and implement it using the methods and techniques that are appropriate within the discipline involved.
5. To formulate a substantiated conclusion.


The timetable is available on the BA International Studies website.

Mode of instruction


Seminars are held every week, with the exception of the Midterm Exam week. This includes supervised research.

Course Load

Total course load for this course is 10 EC (1 EC = 28 hours), which equals 280 hours, broken down by:

  • Attending seminars (2 hours per week x 12): 24 hours

  • Studying literature and completing assignments: 96 hours

  • Preparing presentations: 16 hours

  • Writing the final research essay: 134 hours

Assessment method

Assessment and Weighing

Partial grade Weighing
In-class participation 10%
In-class presentation 10%
Weekly web posting (2A4) 30%
Final Research Essay (5,000 words) 50%

End Grade

To successfully complete the course, please take note that the End Grade of the course is established by determining the weighted average of all assessment components.


Students who have been active participants in class and submitted the Final Essay on time, but scored an overall insufficient mark, are entitled to a resit. For the resit, students are given a chance to hand in a new version of the Final Essay.
In case of resubmission of the Final Essay (insufficient grade only) the final grade for the Essay will be lowered as a consequence of the longer process of completion. The deadline for resubmission is 10 working days after receiving the grade for the Final Essay.

Retaking a passing grade

Please consult the Course and Examination Regulations 2018 – 2019.

Exam review

How and when an exam review takes place will be determined by the examiner. This review will be within 30 days after official publication of exam results.


Blackboard will be used for the seminars. Students are requested to enroll on Blackboard, but only after correct enrolment in uSis.

Reading list

  • Amann, Edmund & Cantwell, John (2012) Innovative Firms from Emerging Market Economies, Oxford: Oxford University Press (Chs. 1 and 2.)

  • Caves, Richard, (2007), Multinational Enterprises and Economic Analysis, Cambridge: Cambridge University Press (Ch. 2)

  • Dunning, John & Lundan, Sarianna (2008), Multinational Enterprises and the Global Economy, Cheltenham: Edward Elgar (Chs. 2 and 4)

  • UNCTAD (2015), World Investment Report 2015 (Chs. 1 and 2)

Note: These are introductory readings and further readings in connection with sub-topics will be communicated once the course begins. It is recommended, though not essential, that students review the chapters cited above prior to the commencement of the course.


Registration occurs via survey only. Registration opens 3 December:

1) On 3 December you will receive a message with a link to the survey.
2) Indicate there which are your 5 preferred Electives, in order of preference.
3) Based on preferences indicated by 16 December the Electives Coordinator will assign you to one specific Elective by 15 January.
4) Students will then be enrolled for the specific groups by the Administration Office.
5) All students are required to enroll for their group in Blackboard to access all course information.

Students cannot register in uSis for the Elective, or be allowed into an Elective in any other way.

Registration Studeren à la carte and Contractonderwijs

Not applicable.


Prof.dr. E. Amann

When contacting your lecturers, please include your full name, student number, and tutorial group number.


The deadline for submission of the Final Essay is 14 June 2019.