Brazil is the largest national economy in Latin America, and the world's tenth largest, ahead of Russia and India. Its recent growth and its resilience in the face of the financial crisis and the following fast recovery make it one of the most promising economies going forward. It is still, however, a complex economy with systemic deficiencies in infrastructure and basic services, that stand in sharp contrast with the growth in innovative sectors, energy and consumer products. The purpose of the Global Immersion Program is to understand the sources of current and future growth in the Brazilian economy, and through your research towards the final project gain in-depth knowledge and become an “expert” in an aspect of Brazilian business and economics that particularly interests you. Through our New York classes and in the company visits in Brazil, we will analyze a broad spectrum of industries (including agriculture, energy –including ethanol-, mining and metals, consumer goods and retailing and infrastructure) and their key players, so that all students will have a good understanding of the general scenario of Brazilian business. We will also spend some time to understand income inequality in Brazin and the recent success of government programs such as Bolsa Familia in raising living standards among both the urban and rural poor. The final projects and your own research will allow you to zoom in and dig deeper in some particular issues and businesses. The travel component will take place in Sao Paulo and Rio de Janeiro. The class will meet on the following Thursdays during the A term from 2:15-5:30pm: January 31, February 21, and March 7.
Global Immersion Program classes bridge classroom lessons and business practices in another country. These three credit classes meet for half a term in New York prior to a one week visit to the country of focus where students will meet with business executives and government officials while working on team projects. Upon return from the travel portion of the class, students will have a wrap up meeting at Columbia Business School. The 2012-2013 Global Immersion Program fee for all classes is $1800 and provides students with double occupancy lodging, ground transportation and some meals. It does not cover roundtrip international airfare. Attendance both in New York and in-country and regular participation are a crucial part of the learning experience and as such attendance is mandatory. Students who miss the first class meeting may be removed from the course, and will not have their program fee refunded to them. No program fee refunds will be given after the add/drop period has closed. Travel will take place during spring break from Sunday, March 17th to Saturday, March 23rd.