This course can be viewed as a giant case study, perhaps the most significant one during your MBA education – the case of doing business in China. China is at cross roads. After more than three decades of rapid growth featuring massive exports, a high investment rate and a savings rate, it is attempting to adapt its growth model to be driven more by consumption, innovation, and domestic demand in general. What has motivated the talk of the transformation is a rising wage rate, pollution, and push back from some trading partners. In such an environment, how should one identify growth opportunities for the future? In this course, we will investigate the extent to which the transformation of the Chinese economy is taking place and its implications for new growth opportunities for both international and domestic investors. We will discuss factors that could influence the chance of success/failure of doing business in China, including laws and regulations toward foreign investors, local financial and macroeconomic environment, and corruption and expropriation risks. The course will meet January 28th, February 25th, March 4th and April 8th from 5:45-9:00pm. Travel to Shanghai will take place from March 16-22, 2014.
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 or 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 2013-14 Global Immersion program fee for all six night courses 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.
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...