Seminar: Globalization of Economies and the Environment (GCE:C3b) (74038)
2018-07-16-2018-07-18 (several days), t.b.a.
Thomas Koellner, Mario Larch
Block course, 3 ECTS
Further information (recommended readings, etc.) can be obtained on the e-learning site of the course at the e-learning site of University of Bayreuth
Learning Objectives (Module C3): The worldwide increase in the need for goods and services as well as the globalisation of markets has international ecological and social impacts. On the one hand, developing countries can profit economically by increased export of raw material (e.g. bio fuel) or by direct investment from industrialised nations (e.g. in the agrarian sector); on the other hand, ecosystems with lower environmental standards such as in developing countries are being sustainably damaged. Aim of the module is to understand the flow of goods and services in global finance and raw material markets as well as their ecological impacts and to ask critical questions about environmental-political instruments.
The lecture covers the fundamentals of the function and agents as well as evolution and crisis in the financial sector. Following this, there will be a discussion of ecological innovations in financial markets (“green” investment funds) and in public finance (environmental criteria in federal and state finance equalisation. This will help students to view critically the influence of the financial sector on environmental and ecosystems.
Topics discussed in the seminar include which effect world trade has on raw materials due to terrestrial and marine ecosystem use. To reduce negative effects, environmental standards play an essential part in open economies. At the same time, a discrepancy in environmental policy standards between trade partners can distort competition. Global market changes, environmental consequences and political measures will be critically discussed.
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