Course Objectives: The dynamic Chinese economy provides both opportunities and challenges for international businesses and public policies. This course aims to help students to develop a systematic understanding these opportunities and challenges. China is an export juggernaut, a voracious importer, an integral part of a global supply chain, a major destination for foreign direct investment, and, starting in recent years, a noteworthy source of financing for other countries, and a party to many economic disputes. After an overview of China’s three economic transitions (from Mark to market, from a close-economy to a world factory, and from a predominantly agriculture society to a rapidly industrializing powerhouse), the course discusses international firm’s strategies and experience in China, with special attention to macroeconomic trajectories, cultural elements in business negotiation, risks of business disputes and options to manage the risks.
Course Features: This course uses case studies and encourages active participation. Students are expected to do assigned reading ahead of each class and to prepare for the possibility of cold calling. Students work in groups to analyze corporate strategies and to write a short research report at the end of the semester.
Recommending a highly complementary course: Another course that is concurrently offered at the business school, and also led by the same professor, “B9620: Global Immersion Program - Growth and Challenges in the Chinese Economy,” provides an opportunity for students to spend a week in Shanghai, China, (during the business school spring break in 2010) so as to feel the pulse of the economy on the ground. The course organizes visits to international companies in China, invites guest speakers who are based in the country, and allows students to arrange their own additional corporate visits on the ground. Because B9620 and B8365 are highly complementary to each other, I recommend that you consider taking both courses concurrently.
N T Wang Professor of Chinese Business and Economy
Shang-Jin Wei has been Professor of Finance and Economics and N.T. Wang Chair in Chinese Business and Economy at Columbia University's Graduate School of Business since 2007. He is also Director for the National Bureau of Economic Research's Working Group on the Chinese Economy and a Research Fellow at the Center for Economic Policy Research (Europe). Before joining Columbia University, he had had the positions...