Skip to ContentSkip to Navigation
Education Master's and PhD degree programmes Economic Development and Globalization
Header image Economic Development and Globalization

Economic Development and Globalization

Study economic development and globalization in Groningen and learn about the economic development of countries and the impact of economic globalization.

Increasing international trade and finance is opening up new opportunities for the growth of firms, regions and countries. At the same time, it is posing new challenges as the benefits are not equally distributed and inequality is rising. In the one-year Master's degree in Economic Development and Globalization (MSc ED&G), you will learn the tools to grasp the complex relationships between economic globalization and the economic development of regions and countries. You will use state-of-the-art economic theories to discover the impact of global trade and of financial globalization on economic growth and welfare. As you develop your skills, you will learn to recognise the forces that shape geographical patterns of economic activity. You will learn to advise firms and governments on how to reap the benefits of globalization and international value chains.

For those seeking to augment the one-year programme in Groningen, there are four possibilities to follow a Double Degree: with Fudan University (Shanghai), the University of Göttingen (Germany), Lund University (Sweden) and Corvinus University (Budapest).

Facts & Figures
MSc in Economic Development and Globalization
Course type
12 months (60 ECTS)
Croho code
Language of instruction
February, September
Economics and Business
Why study this programme in Groningen?
  • In the programme, you learn how globalization is changing our world. What is the role of internationally operating organizations, institutions and policies in economic advancement and in bridging the global development gap?
  • The programme has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.
  • The programme offers a consistent international setting both in terms of content and orientation at a high level. Graduates are selected to participate in high-level research activities of international organizations (such as the OECD in Paris, Conference Board in New York, and the ILO in Geneva) and national organizations (such as the Dutch Central Bank and The Netherlands' Bureau for Economic Policy Analysis). Our academic staff have strong relationships with international research and consultancy institutes as well as policy advice centers.

The programme offers two profiles: 'Globalization, Growth and Development' and 'International Capital and Globalization'. You choose a specific set of electives, write your master's thesis on a topic within that theme and receive a certificate as a supplement to your degree.

You can also choose your own selection of electives and follow your own interests (subject to certain conditions). The programme aims to train students in economic analysis and decision-making in national and international organizations, such as multinationals, financial institutions, consultancy firms as well as government agencies and policy advisory agencies.

Students will acquire the very latest knowledge on topics like international trade, growth and development economics and the theory of banking and of international capital flows and apply the theories to real-world problems. After graduating, students will be able to apply this knowledge in different settings and interpret the interrelationship between the knowledge areas. Presenting, discussing and learning from current research is incorporated throughout the programme. Learn to understand and contribute to the current economic debate and link this to economic theory, by thinking and writing critically.

The MSc Economic Development and Globalization was previously offered under the name MSc International Economics and Business.

CoursesCourse Catalog >
Economic Development (5 EC)
Elective(s) A MSc ED&G (15 EC)

Some examples: International Banking and Finance; Trade, Environment and Growth; Economic Geography.

Elective(s) B MSc ED&G (10 EC)

Some examples: Economic Growth in History; Money, Finance and the Economy; International Finance and Development.

Foreign Direct Investment & Trade (5 EC)
Master's thesis (20 EC)
Research Seminar for ED&G (5 EC)
Programme options
Globalization, Growth and Development (profile)

The global production system is increasingly becoming more fragmented. This raises some important questions. Is manufacturing located in developed or developing countries?

And do fragments have a natural home-base, for example, R&D in developed countries and assembly in developing countries? Some firms participate in this process, others do not. What determines the internationalization choices of firms? What is the role of distance, transportation costs, or language and culture when making these choices? Increasing country specialization has consequences for local labour markets. Are labour markets becoming increasingly specialized as well? Are they becoming more globally integrated, just like commodity markets? In this profile, students will learn to use tools and methods to answer such questions and to independently carry out analyses of the causes and consequences of globalization.

International Capital and Globalization (profile)

There has been high economic growth with increasing financial fragility since the 1990s worldwide.

This was followed by credit crises and recessions in much of the Western world since 2007 and the threat of crisis elsewhere (e.g. China). Students study these developments based on theories of banking, financial markets, international capital flows and exchange rates. How have financial markets and their regulation changed in recent decades? How have changes in exchange rates and capital flows affected policies, for example with respect to the euro area? When is financial development good for economic growth and stability and when does it lead to financial crisis and recession? When do international capital flows contribute positively to an economy and when do they cause harm? What caused the euro crisis and how do we evaluate alternative solutions? In this profile, students will learn to use tools and methods to answer such questions and to independently carry out analyses of the causes and consequences of (financial) globalization.

Energy Focus Area (specialization)

Focus your MSc on Energy and open up extra career opportunities. The Energy Focus Area requires you to complete two of four possible electives and write an MSc thesis on an energy topic.

Master Internship (specialization)

Opportunity to gain work experience by doing an internship in the second semester of your study.

You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the third semester.

More information about this option

Double Degree Master - Central-Eastern European Economics (Budapest) (specialization)

The two-year double-degree master combines international business and international economics topics, with a special focus on issues of economic transformation and integration.

More information about this option

Double Degree Master - International Development Economics (Göttingen) (specialization)

The two-year double-degree master focuses more on the economic development of low-income countries and a more microeconomic perspective on inequality, poverty and growth.

More information about this option

Double Degree Master - Economic Development and Growth (MEDEG, Lund) (specialization)

This two-year double-degree master combines the analysis of economic development from a long-run, historical perspective with a range of courses in economics and demography.

More information about this option

Double Degree Master Chinese Economy and Finance (Shanghai) (specialization)

Are you interested in an international career in or involving China?

Study in Shanghai after your FEB Master's programme in Groningen and gain first-hand knowledge and experience of China and the economy, finance and culture.

More information about this option

Study abroad

  • Study abroad is optional
Entry requirements

Transfer options

Transferring from...

Study programmeOrganizationTransition
All Universities of applied sciences

Via a pre-master with a maximum of 60 EC

More information:

You can follow the standard Pre-Master's programme. Read more:

Study programmeOrganizationTransition
Business AdministrationUniversity of Groningen

Additional requirements

More information:

Students have to successfully complete minor IE&B or minor ED&G.

Economics and Business EconomicsUniversity of GroningenNo additional requirements
International BusinessUniversity of GroningenNo additional requirements
Econometrics and Operations ResearchUniversity of GroningenNo additional requirements

Admission requirements

Not meeting the pre-education requirements for direct entry? Please read more about our pre-Master programmes .

Registration procedure

Students with a Dutch diploma can apply directly to Studielink. More information on the  steps to apply .

Application deadlines

Type of studentDeadlineStart course
Dutch students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
non-EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024

Admission requirements

Specific requirementsMore information
certified competences

A GMAT/GRE test is required from all candidates who obtained their bachelor's degree from a university in a non-EU/EEA country. For specific scores and exemptions, please see

  • Both GMAT and GRE are now being offered by and ETS as an online option to take from home worldwide. Please check their websites for more information.
language test

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); Cambridge B2 First, C1 Advanced or C2 Proficiency (overall score 176, Speaking 169, Writing 176).

  • ETS is offering the TOEFL tests as an online option to take from home worldwide. Please check their website for more information.
previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Business Economics, Business Administration, Econometrics and Operations Research, Economics and Business Economics, International Business, Technology Management.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies. For more information, please visit: If you have any questions concerning admission to this programme, please contact our Admissions Office:

other admission requirements

Not meeting the pre-education requirements for direct entry? Please read more about our pre-Master programmes .

Registration procedure

Students have to apply via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the programme of your choice, the Admissions Office will evaluate your educational background and assess your eligibility. Your application will be assessed on an individual basis. More information on how to apply.

Application deadlines

Type of studentDeadlineStart course
Dutch students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
non-EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2022-2023€ 2209full-time
non-EU/EEA2022-2023€ 16201full-time

Practical information for:

After your studies

Job prospects

After completing this programme you are a broadly-oriented economist with a strong international profile. You are ready for an international career at multinational firms, in financial institutions, consultancy and public organizations. Jobs such as market analyst, trade expert, global strategy and policy advisor will suit you well.

Graduates of the MSc ED&G will be able to take up positions in internationally oriented firms (such as banks and multinationals), international organizations (such as World Bank, IMF, European Union, UN and OECD) and internationally oriented departments of government agencies and policy advisors. The programme is focused on developing the kind of skills and abilities needed by those who work as professional economists and economic advisers.

As a graduate, your degree will be highly valued in the labor market. The Faculty of Economics and Business is internationally accredited and belongs to the 1% of business schools around the world accredited by both EQUIS and AACSB.

FEB Career Services
When you become a student at the faculty, we want to support you in developing your career and strengthening your employability skills. You can count on a dedicated on-campus Career Services team offering you a wide range of courses, workshops, events and career-related support during your studies. Everything you need to enter the labour market.


Linking education to research and career preparation

Our education is strongly rooted in society. Right from the start of the degree programme, attention is paid to academic research and professional development, since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire to.

The teachers in this programme are all active researchers in the Global Economics and Management research group, in the area of international economics, and several of them collaborate in the renowned Groningen Growth and Development Centre. The following (full) professors teach in the MSc ED&G:

Steven Brakman is an expert in the field of economic geography, including as co-editor of the Journal of Regional Science. He frequently contributes to the public debate, including on Brexit, Trump’s trade war and trade agreements. He has published extensively and authored textbooks on international economics and economic geography.

Dirk Bezemer studies the interaction between the financial system and the rest of the economy, focusing on the role of debt. His research is published in numerous journals and he has been funded by the Institute of New Economic Thinking. He is also a columnist in the Dutch periodical De Groene Amsterdammer.

Bart Los’ area of expertise is on the interlinked nature of (regional) economies and the impact of such linkages on trade patterns and economic outcomes, such as economic growth and employment. He has published widely, is the editor of Economic Systems Research and has contributed to the public debate on the consequences of Brexit.

Robert Inklaar’s research is on the causes and consequences of productivity growth, including the impact on broader welfare. His research has appeared in a range of top economic journals and his work on developing the Penn World Table and Maddison Project Database is used extensively around the world.

Erik Dietzenbacher is an authority in the field of input-output analysis, including as president of the International Input-Output Association. His research has improved the tools for input-output analysis and these have been applied in such areas as international trade and environmental economics.

Harry Garretsen combines research in international economics with research on management and leadership. In this latter role, he is one of the directors of the In the LEAD centre of expertise. He is also a sought-after expert, including on the Bankraad, the advisory board of the Dutch Central Bank.

Apply nowBrochureEventsContact


Study associations


The Economics and Business Faculty association (EBF) is the faculty association for all students studying at the faculty of Economics and Business of the University of Groningen.
The EBF is your partner during your time in Groningen by organising events that support you with your studies and help you prepare for your future career.
Read more
Study support

Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisor's are available to help you. Obviously, everything discussed with the study advisor remains confidential.