The objective of this course is to give students a strategic vision of the Global Emerging Market. At the same time, this course has to give students an understanding of the real economic and business mechanisms of that part of the world. This is why during this course students will be taught about and will participate in class discussions on global political, economic and business conditions of international business and the role of the Global Emerging Market in the global market place. Because many of the places we will visit are considered emerging markets many of our cases and our field experience will take place there. Students will analyze the major factors influencing the political and economic strategies in emerging markets, including North, Central and South America, Pacific, and Central Asia, the Indian Sub-Continent, Central, Eastern and Southern Europe, the former Soviet Union, and Northern and Southern Africa. This course will examine current global trends influencing the Global Emerging Market as a part of the Global Marketplace. This course will emphasize the various organizational forms of investment in emerging markets, the methods of reduction of political and economic risk, and effective forms of trade with these markets. This course will examine the role of gender in these markets. The use of micro-credit as an end to poverty in the these markets will the student to come to the understanding that it is not just large corporations that benefit from the opening of these markets but also business ventures which allow women in particular to sustain life as well as contribute to the economy. It will help students understand how to face the new opportunities and challenges of the Global Emerging Market.
Field WorkCountry: Ghana
Africa is one the fastest growing regions that most people are not familiar with. “The Economist” projects Ghana to have the seventh fastest growing economy between 2012 and 2015. One particular area students will explore is a program that is business-oriented but that is designed to bring people out of poverty to a sustainable way of living. Through the field experience the students will visit a village where micro credit loans are being issued. These small companies that receive these loans are usually just a few women or men who are producing goods or services within their own village. They require a loan of usually under $500 dollars and are able to support themselves, their families and, at times, their village. The students will be asked to look at how just a small amount of money by U.S. standards can mean so much to someone from a BOP (Bottom of the Pyramid) Emerging Market. Students will be challenged to understand what constitutes a micro credit and the new field of social entrepreneurship. If time is available, students will also visit either the local university or a local business that has aspirations of doing business outside the borders of Ghana and enjoy a traditional Ghana lunch/dinner. Academic Objectives: These experiences will enable the students to better understand: • How cultural issues influence doing business in a new country • How the impact of small loan can make a difference • The concept of social entrepreneurship • How places are so similar and yet so different in so many ways