Course: GSM 7261G
TRIP DATES: January 3-9, 2016
- GSM7261G is a one credit graded independent study course. Credits for this course will count towards graduation requirements.
- Professor: Professor Gary Knight
- Prerequisites: One semester of Willamette MBA or law coursework and good academic and conduct standing.
- Tuition: There is no tuition charge for GSM7261G for fall semester 2015. Students are responsible for all program fees and estimated costs.
- Course requires attendance and participation in class sessions prior to and following the trip.
- Tentative Itinerary (subject to change)
Estimated Costs: All inclusive of program fee, airfare, visa and meals on your own - estimate - $5320.
- Program Fee: $2870 (includes in country travel and transportation, double occupancy hotel rooms and some meals). Students wanting a single room will pay an additional fee of $370.
- Airfare: $1900 estimated
- Visa application and processing: Up to $250 (varies depending on country of origin)
- Estimated additional Costs: $300 (including meals not included in program fee etc)
- Financial Aid: Students eligible for Federal Stafford or Graduate Plus loans may apply to borrow to cover the costs of the trip Contact Shanan Woods in the WU Financial Aid Office
Application Process: Application form
- September 10 - Application Deadline - Apply here.
- October 1 - Full payment required - $2,870 (100% of program fee). This will confirm your participation (NOTE: Financial Aid can be increased for current students during fall semester to cover the cost of the trip
Refund Policy: There will be no refunds after October 1st due to policies and procedures with our international partners.
Trip is subject to cancellation if the minimum number of participants is not met.
Passport and Visa Information:
- Valid passport is required
- Brazil Visa required for all participants. Visa process and charge varies by country of citizenship. US students can get information here - Information here
COURSE DESCRIPTION AND RATIONALE
The trip includes visits to numerous companies and other organizations in Sao Paulo and Rio de Janeiro. In this course we study (i) fundamentals of international business, (ii) the environments and challenges of Brazil and other Latin American markets, (iii) strategies and operations for succeeding in such markets, and (iv) specific aspects of business in Brazil.
Brazil is home to more than 200 million people. Portugal colonized Brazil in the 16th century; the national language is Portuguese. We will visit the two main cities for business, Sao Paulo and Rio de Janeiro. Soccer (futebol) is the most popular sport; Brazil has won the World Cup a record five times.
Brazil is the most important emerging market in Latin America. Emerging markets are countries that, in contrast to advanced economies (such as Germany, Brazil, and the United States), are undergoing rapid industrialization, modernization, and economic growth. Brazil is an attractive market and low-cost base for manufacturing and global sourcing. Increasingly, Brazil and other emerging markets (such as China, India, and Mexico) are giving birth to “new global challengers”, top companies that are becoming key contenders in world markets, and challenging multinational firms from the advanced economies. However, Brazil’s business environment entails considerable uncertainty, with evolving legal, governmental, and commercial systems. Corruption in business and government is substantial.
Brazil is the world’s eighth largest economy. A mostly rural economy in the 1950s, Brazil has developed rapidly since the 1990s, partly thanks to the government’s Plano Real, which curtailed high inflation, initially by pegging Brazil’s currency (the real) to the U.S. dollar. The dominant legal system is civil law, based on the Napoleonic code. Most of Brazilian law is codified, although non-codified statutes are also present.
Agriculture, mining, manufacturing, and services are key sectors. Brazil’s presence in international financial and commodities markets is expanding. It is the world’s fourth largest car market. Major exports include aircraft, electrical equipment, automobiles, textiles, iron ore, steel, and coffee. In 2015, Per-capita income was approaching $12,000 per year, which is significant by world standards. The middle class has greatly expanded in the past decade. While living standards are rising, poverty remains a big problem. However, Brazilians have reason to be very optimistic about their future.