Economic Development and Entrepreneurship (Section 1)

3500-503:
Discipline: Semester at Sea Seminars
Instructor: Berk/Peters
Credits: 3
Day: C
Start: 1045
End: 1200
Field Work: Day 4 - Bilbao - Monday, 30 June | Spain
Prerequisites: Coursework in principles of micro or macroeconomics is suggested. Download Syllabus

Effective business leadership in a world of increasing global interdependence demands not only
new information and skills, but also a heightened awareness of the influence of globalization on
that world. Globalization dramatically shapes world markets, sculpts the political landscape, and
enables widespread exportation of culture, language and social conventions. This course seeks
to examine the impact of globalization upon both the developing and the developed world. The
course will employ an interdisciplinary approach, drawing insights from global development
studies, comparative macroeconomics, and international business. We will explore economic
trends and international business practices in our contemporary context, examining the impact
of globalization on commerce, trade, and development. The course will highlight examples from
the countries on our itinerary, comparing and contrasting the development strategies of and
business environments in European, Nordic, and former Soviet countries.

Field Work

Country: Spain
Day: 4 - Bilbao - Monday, 30 June

This Field Lab is an opportunity for participants to be exposed first-hand to a unique organizational model of participatory leadership, management, employee ownership and decision making by visiting sites at the Mondragón Corporación Cooperativa (“Mondragón”) in Mondragón, Spain.  Academic Objectives:  1. Students will become acquainted with Mondragón’s unique leadership, management, educational, training, and financial and human resources systems, as well as its globalization initiatives. 2. Participants will learn the core values that support Mondragón, which are based on a balance between organizational and individual needs, the dignity of the person and of work, solidarity with each other and the community, and economic and social justice. 3. Participants will become acquainted with the institutionalized policies, processes and practices that support Mondragón’s economic and social success.