Doing business in Emerging Economies Bookmark & Share

Doing business in Emerging Economies

Course coordinator: prof. Elisa Giuliani

COURSE DESCRIPTION:
This course is designed to:

  1. Discuss the characteristics of emerging economies and highlight their market and institutional differences with advanced countries;
  2. Explore how these differences influence or shape business strategies of both advanced countries' firms operating in emerging markets through their affiliates or sub-contractors and of emerging countries' firms;
  3. Understand the ethical challenges of doing business in such contexts and develop a conceptual toolkit for achieving bottom-line results, while respecting or enhancing human rights of emerging countries' population.
OBJECTIVES:
  • Skills:
    - Apply frameworks to formulate conclusions, and tools to communicate these thoughts effectively
  • Knowledge:
    - Understand the characteristics of emerging economies and highlight their market and institutional differences with advanced countries
    - Understand how such differences shape business strategy
    - Understand the ethical challenges of doing business in emerging countries
  • Attitudes:
    - Managers who are interested in achieving bottom-line results, while respecting or enhancing human rights of emerging countries’ population
MAIN CONTENTS:

 

  1. Introduction to emerging economies
    1. Definition of “emerging economies” and their development strategies
    2. A Primer on the Macro of a Small Open Economy
    3. Global Imbalances and its impact on balance of payments restrictions in emerging economies
    4. Currency substitution, exchange rate volatility and uncertainty in the absence of risk-hedging markets in emerging economies
  2. Strategy in emerging economies
    1. Emerging markets potential: identifying and creating business opportunities
    2. Defining strategies for emerging markets
    3. Some specific strategic decisions and challenges for companies operating in emerging markets
  3. Human rights and business operations
    1. Introduction to Human Rights and Business
    2. The Business Case for Human rights: articulating the business arguments for applying a human rights approach to business operations
    3. Due diligence: Human Rights Impact Assessment
    4. Human Rights abuses committed through business operations
  • Case studies