This course addresses the main macroeconomic trends, opportunities, and risks faced by businesses and policymakers in Japan. Some of the questions that we examine include: What have been the main sources of growth for Japan since World War II? How has Japan changed in response to its own financial crisis and the subsequent global financial crisis? What are the initiatives the government has taken to promote growth? To what extent does the prospect for future growth depend on the country’s demographics? Is Japan’s unique culture and geographic position in the world economy a strength or a source of risk for the country’s growth? Students will travel to Japan during spring break.
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 may have one wrap up meeting at Columbia Business School. The 2019-2020 Global Immersion Program fee for most classes is $1850 and provides students with double occupancy lodging, ground transportation and some meals; unless an increased fee is otherwise specified in the course description. It does not cover round-trip 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. 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, and visit the Global Immersion Policies page to review policies affecting these courses.
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...