Date: December 15 - 21, 2013
Program Fee: $2,692
COURSE DESCRIPTION AND RATIONALE
This is a one-credit course that includes an international study trip to Chile in December 2013. The trip includes visits to numerous companies and other organizations in Santiago and Valparaíso/Viña del Mar. In this course we study fundamentals of international business, (ii) the environments and challenges of emerging markets, (iii) strategies and operations for succeeding in emerging markets, and (iv) specific aspects of business in Chile, the most significant emerging economy in Latin America.
Chile is open for business. Per-capita income of about $18,000 makes Chile the highest-income and most significant emerging economy in Latin America. In partnership with business, the Chilean government developed a model admired worldwide for economic and social development. Smart government policies encourage foreign direct investment (FDI) and new business development. Chile enjoys some of the best living standards of emerging economies worldwide. Chile leads Latin America in economic freedom, competitiveness, sustainability, globalization, and low corruption. Chile’s credit rating (A+) is the best in Latin America. A world leader in global business, Chile has signed free trade agreements with China, the European Union, India, Japan, and the United States. The US is Chile’s top trading partner. Strongly entrepreneurial, Chile's approach to FDI is codified in its Foreign Investment Law and Startup Chile program (startupchile.org), which gives foreign investors the same status as Chileans. The government’s motto is “We change the world not by revolution, but by innovation.” Top Chilean exports include wine, salmon, and forestry products. Chile is a founding member of the United Nations and the only South American member of the Organisation for Economic Co-operation and Development (OECD). Chile has a unique natural landscape, sandwiched between the Andes mountains and the Pacific Ocean. Celebrating its bicentennial in 2018, Chileans are extremely optimistic about their future.