Globalization (Online): Strategies for Your Enterprise

Date  
Mar 16–May 15, 2020 $1,989
Location
Online
Learn more about our online programs on our online programs FAQs page.

"One of the distinctive aspects of this course is that we conduct it both at the micro level trying to understand the decision making of the firm and at the macro level, which is the decision making of political bodies – international or domestic governments. There's some tension that you'll notice between the two."
– Joseph Stiglitz, the program's Faculty Co-Director

Nobel Laureate Joseph Stiglitz and renowned economist Bruce Greenwald debunk pervasive myths of globalization.

Experience one of the most highly rated and sought-after courses in our Executive MBA curriculum, in a new non-degree online format that is now open for enrollment.

Presented by two of the world's most knowledgeable and recognized economists, nobel laureate Joseph E. Stiglitz and finance expert Bruce C. Greenwald, Globalization (Online): Strategies for Your Enterprise provides new, in-depth views that give you a true understanding of how globalization impacts us and our world at large.

In this online program, the Columbia Business School professors importantly debunk pervasive myths of globalization and provide unique insight into how to consider challenges and opportunities – both macro- and micro-economic – more accurately. With an immense amount of wisdom accumulated from their academic and professional experiences, the professors infuse this material with humor and honesty as they share their different perspectives. This course further provides frameworks that you can use to guide your business strategy and investment decisions to more profitability in the midst of globalization.

Recent years have seen markedly closer integration of countries around the world, with increased flows of goods and services, capital, and knowledge. There are alternative views concerning globalization. One, reflected in the protest marches from Seattle to Genoa, argues that globalization has hurt the poor, has been bad for the environment, and is governed by undemocratic institutions operating behind closed doors, advancing corporate and financial interests of the more developed countries. The other argues that globalization is the only means by which developing countries will be able to grow and eradicate poverty. A third view presented here challenges widespread beliefs about globalization being an overwhelming, irresistible, undifferentiated force and presents some more thoughtful specific considerations and strategies.

This program will enhance your understanding of these alternative perspectives. It will analyze the underlying forces that have led to globalization, and identify its effects, particularly in developing countries – when and why it has had the adverse effects that its critics claim, and when and why it has had the positive effects that its proponents argue for. It will examine the need for international collective action, discuss the structure and conduct of international economic organizations, and assess the extent to which they are to be blamed for the failures of globalization or should take credit for its successes. At the end of the program, participants will be well equipped to apply the program learnings to a well-supported analysis of and recommendation for a future business strategy or policy.

Please Contact Us

Please contact our Learning Solutions Specialists at execedonline@gsb.columbia.edu for a personal conversation.

IMPACT

Experience two of the world's most recognized economists.

Participants in this program will emerge with a deeper understanding of the nature of globalization and alternative views on it, with new perspectives on how globalization affects our governments, our businesses, and our societies.

View a Program Excerpt

 
In the program, participants will:

  • Understand the history of globalization and the factors underlying the rise of globalization in developing countries
  • Learn how to evaluate the impacts and effects of globalization
  • Learn the role of governments and businesses in mitigating the forces of globalization
  • Understand the importance of thinking and acting locally when considering expansion
  • Assess the global economic landscape by industry sector in the short- and long-term
  • Learn how to apply strategic analysis to understand market structures and competitive advantage in a global environment
  • Evaluate the effectiveness of regulatory and trade policies
  • Examine structural and macro issues, the effect of globalization on labor markets, and global issues associated with the environment
  • Understand the role of globalization in trade, labor markets, and intellectual property rights
  • Differentiate finance from other economic sectors, and learn how globalization is tied to financial markets, global reserves, and international financial reform
  • Learn to better predict future effects of global imbalances
  • Apply knowledge of the impacts of globalization to case studies and real-world scenarios
  • Learn from world-class experts and engage with expert facilitators

Upon completion of this program, you will earn one day towards a Certificate with select alumni and tuition benefits. Learn more.

PROGRAM STRUCTURE

Globalization (Online): Strategies for Your Enterprise combines general concepts with concrete methodologies and perspectives, enabling you to gain an in-depth foundation to understand the alternative perspectives presented. Professors Stiglitz and Greenwald create a practical, thought-provoking, comprehensive program that helps you understand globalization and its effects so that you can apply what you learn to virtually any business or public policy situation.

This program consists of 14 modules, listed below, over seven weeks, with two modules per week. Each week contains, on average, approximately two hours of material as well as a discussion board to exchange ideas and takeaways with fellow participants.

Module 1: Introduction: Globalization and the Rise of Developing Countries
Module 2: History of Globalization
Module 3: The Business Perspective: Market Structure, Competitive Advantage, and Globalization
Module 4: Productivity Growth, Outsourcing, Economic Performance, and Labor Markets
Module 5: Policy, Structural, and Macro Issues
Module 6: Effect of Globalization on Labor Markets
Module 7: The Global Environment
Module 8: Trade, Inequality, and Labor Markets
Module 9: Inequality and Labor Markets
Module 10: Intellectual Property Rights and Globalization
Module 11: Introduction to Financial Markets, the Global Financial System, and Globalization
Module 12: Global Macro-Stability and the Current Crisis
Module 13: The Euro Crisis
Module 14: Globalization, Markets, and Changing Economic Landscape

Each module is divided into several manageable parts that combine pre-recorded video lectures and interviews as well as supplemental slides and case studies. Cases are designed to illustrate the methodologies and concepts, with an emphasis on being able to apply them directly to real-world business situations.

During this program, you will have access to the following:

  • Over 16 hours of video content that is clearly organized and selected to guide you through the macro and micro aspects of this massive omnipresent topic, including:
  • ◦ 6 case studies led by Bruce Greenwald, which all echo themes from his well-known classes on Value Investing and the Economics of Strategic Behavior 
    ◦ The professors, both lecturing individually and side-by-side, commenting on each other's ideas and perspectives
    ◦ Sessions of the professors responding extemporaneously to a variety of student questions in informal Q&A
    ◦ A bonus series of supplementary interview videos with each professor to highlight key takeaways from the main lecture videos and cases (exclusive to this Executive Education program!)
    ◦ Closed-captioning during all primary videos
  • The capacity to pause, rewind, and replay these lectures. The material is dense in areas, and as many professors and alumni can attest, being able to review one lecture a few times really instills the material in a way live viewing can't. Watch the lessons that are most relevant to you at your own pace and as many times as you like
  • A weekly discussion board to communicate thoughts and ideas with a diverse group of peers in the online class, moderated by a fellow alumni facilitator, who was the teaching assistant for the live version of this Executive MBA class
  • Select class slides to help facilitate viewing and take-aways to provide extra back-up data for the lectures and diagrams that highlight Professor Greenwald's strategy teachings

For a complete program schedule download the agenda.

PARTICIPANT PROFILES & TESTIMONIALS

This program is for executives of all levels who wish to gain a deeper understanding of globalization and its impacts on both business and public policy.

Columbia Business School alumni and up to four of their colleagues are eligible for a 25 percent tuition benefit for programs lasting up to seven days. More on the Alumni Tuition Benefit.

Hear from Past Participants:

 

FACULTY

Joseph E. Stiglitz, University Professor Co-Chair, Columbia University Committee on Global Thought; Co-Director, SDEV PhD Program

Joseph E. Stiglitz was awarded the Nobel Prize in Economics in 2001 for his analyses of markets with asymmetric information, and he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. In 2011, Time named Stiglitz one of the 100 Most Influential People in the World.

Stiglitz was a member of the Council of Economic Advisers from 1993-95, during the Clinton administration, and served as CEA chairman from 1995-97. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000. In 2008 he was asked by French President Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress, which released its final report in September 2009. In 2009 he was appointed by the president of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System, which also released its report in September 2009.

Stiglitz helped create a new branch of economics, the economics of information, exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. Recognized around the world as a leading economic educator, he has written textbooks that have been translated into more than a dozen languages. His most recent book is The Great Divide: Unequal Societies and What We Can Do About Them, published in 2015.

Bruce C. Greenwald
Robert Heilbrunn Professor of Finance and Asset Management

Professor Bruce C. Greenwald is a professor emeritus at Columbia Business School. Described by the New York Times as "a guru to Wall Street's gurus," Greenwald is an authority on value investing with additional expertise in productivity and the economics of information.

Greenwald has been recognized for his outstanding teaching abilities. He has been the recipient of numerous awards, including the Columbia University Presidential Teaching Award, which honors the best of Columbia's teachers for maintaining the University's long-standing reputation for educational excellence. His classes are consistently oversubscribed, with more than 650 students taking his courses every year in subjects such as Value Investing, Economics of Strategic Behavior, Globalization of Markets, and Strategic Management of Media.