MSc in Economic Development and Globalization


Program Description

Do you want to understand the opportunities and challenges posed by globalization for the economic development of countries? Then this program is for you.

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, you will learn the tools to grasp the complex relationships between 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 recognize 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 program 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).

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

Why study this program 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 MSc in Economic Development and Globalization is an internationally accredited program, ensuring a high-quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide.


Year 1

The program 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 program 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 program. Learn to understand and contribute to the current economic debate and link this to economic theory, by thinking and writing critically.


  • Economic Development (5 EC)
  • Elective(s) MSc ED&G A (15 EC)
  • Elective(s) MSc ED&G B (10 EC)
  • Foreign Direct Investment & Trade (5 EC)
  • Master's thesis (20 EC)
  • Research Seminar for ED&G (5 EC)

Study abroad

  • Study abroad is optional

Entry Requirements

International diploma

Specific requirements More information
Certified competences


Language test

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); C1 Advanced, C2 Proficiency (with minimum score 180); the University of Groningen Language Center Test (Speaking B2, Writing C1).

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.

Registration procedure

Students have to apply via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the program of your choice, the Admissions Office will evaluate your educational background and assess your eligibility.

Application deadlines

Type of student Deadline Start course
Dutch students

15 October 2020

01 May 2021

15 October 2021

01 February 2021

01 September 2021

01 February 2022

EU/EEA students

15 October 2020

01 May 2021

15 October 2021

01 February 2021

01 September 2021

01 February 2022

non-EU/EEA students

15 October 2020

01 May 2021

15 October 2021

01 February 2021

01 September 2021

01 February 2022

Tuition fees

Nationality Year Fee Program form
EU/EEA 2020-2021 € 2143 full-time
non-EU/EEA 2020-2021 € 15000 full-time

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. Because all our programs are EQUIS and AACSB accredited, which only 1% of universities reach worldwide, your degree will be highly valued in the labor market.

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 program is focused on developing the kind of skills and abilities needed by those who work as professional economists and economic advisers.

The MSc ED&G 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 has strong relationships with international research and consultancy institutes as well as policy advice centers.

FEB Career Services

To support you in developing your career and strengthen your employability skills, our FEB Career Services empowers you to achieve lifelong success through various career services during your studies.


Linking education to research and career preparation

Our education is strongly rooted in society. Right from the start of the degree program, 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.

The teachers in this program 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 LEAD center of expertise. He is also a sought-after expert, including on the Bankraad, the advisory board of the Dutch Central Bank.

Last updated Jul 2020

About the School

The University of Groningen has a rich academic tradition dating back to 1614. From this tradition arose the first female student and the first female lecturer in the Netherlands, the first Dutch astr ... Read More

The University of Groningen has a rich academic tradition dating back to 1614. From this tradition arose the first female student and the first female lecturer in the Netherlands, the first Dutch astronaut and the first president of the European Central Bank. Geographically, the University is rooted in the Northern part of the Netherlands, a region very close to its heart. Read less
Groningen , Leeuwarden + 1 More Less


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