Business Education and Emerging Market Economies: Perspectives and Best Practices

Description

Business Education in Emerging Market Economies discusses the impact of business education on emerging markets and explores curricular innovation, pedagogical approaches, and strategic alliances in the context of industrializing economies. Emerging markets consist of eighty percent of the world's population and some 75% of its trade growth in the foreseeable future according to the U.S. Department of Commerce. The potential economic growth of emerging markets has prompted a need to understand the dynamics of these markets, their business institutions, and their educational systems. Many universities in the United States of America, for example, have responded to the demand of their students and business constituents to educate them about these exciting opportunities and lurking threats in these industrializing economies. This book contains multiple chapters describing curricular innovations and course development designed to educate American students about emerging markets. The pressures of globalization and the recent economic reforms that swept across emerging, developing, and transitioning, economies have had a positive impact on the demand for business education and business knowledge from the developed and industrialized countries. As a result, many methods were developed to transfer know-how from the developed markets including learning through imitation, using western style pedagogical approaches, attending universities in industrialized countries, learning through experience and practice, and using information technology. Aside from chapters on the aforementioned topics, this book also provides country- and region-specific insight into China, Russia, India, Ukraine, Latin America, Brazil, Argentina, South Africa, Arab Middle East and North Africa, and Vietnam. The conclusion we reach is that business and management education in emerging markets is fast changing the way in which these markets operate and are perceived – business educators are catalysts for greater economic integration.