DYNM 766 - Perspectives on Change in the Czech Republic

Institution:

University of Pennsylvania

Subject:

Description:

Steiner. On May 1, 2004, the Czech Republic, together with nine other states (altogether about 70 million people), officially joined the European Union as full-fledged members. This new EU became the world's largest free trade zone, measured by the number of consumers, with a GDP comparable to our own. The challenge this poses for the US is twofold. One the one hand, the stronger new Europe will create a formidable competitor vying for the same customers, energy resources and political power. On the other hand,its huge market with considerable dynamic potential provides farsighted American entrepreneurs with an opportunity to partake--through investments, joint ventures, or trade--in the ebullient economic growth that the enlarged EU promises. Because of its economic scope and the perceived encroachment on the sovereignty of so many nations, the enlargement was intially greeted with some skepticism by both the "old" and the "new" Europe. But a year later, it is viewed by most as a success story. According to the Economist, "the new central European members learned to stop worrying and love the European Union" (January 18, 2005) while the Westerners realized that their own misgivings (the capital outflow combined with the labor inflow) were largely imaginary. The process of bringing all European nations under one roof, however, is far from finished and there are many challenges lurking ahead. The lectures and discussions in Prague will highlight some of them.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.upenn.edu

Phone Number:

(215) 898-5000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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