This course addresses the main macroeconomic risks faced by businesses and policymakers in the United Arab Emirates. Some of the questions that we examine include: What have been the main sources of growth for the UAE prior to and after the financial crisis? How has the UAE economy responded to changing financial conditions since the crisis? What are the initiatives the government has taken to diversify the economy and to promote growth? To what extent does the prospect for future growth depend on the organization of the labor market? Is the UAE’s unique political structure a strength or a source of risk for the country’s growth? These topics will be addressed in class during a half term in New York prior to a one week visit to Abu Dhabi and Dubai from Saturday, March 12th to Saturday, March 19th 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 one wrap up class meeting.
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 at least one wrap up meeting at Columbia Business School. The 2015-2016 Global Immersion Program fee is $1800 and provides students with double occupancy lodging, ground transportation and some meals; longer programs, such as the Cuba program, may have an increased fee. 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. Please visit the Chazen Institute website to learn more about the Global Immersion Program.
MUTB Professor of International Business
Pierre Yared is the MUTB Professor of International Business and the Vice Dean for Executive Education at Columbia Business School. His research, which has been published in leading academic journals, focuses on macroeconomic policy, political economy, and growth. He is a research associate of the National Bureau of Economic Research and an associate editor of the American Economic Review, the Journal of Monetary...