Business education and emerging market economies : perspectives and best practices

**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. Front Matter....Pages i-xx Front Matter....Pages 1-1 Introduction....Pages 3-14 Multinational Consultants as Contributors to Business Education and Economic Sophistication in Emerging Markets....Pages 15-26 What Is Missing from Business Education? Meeting the Needs of Emerging Market Business Education....Pages 27-48 University Educational Reform in Transition Economies: The Case of China....Pages 49-62 Challenges for Executive Education in Latin America....Pages 63-77 Business Education in Brazil: Hybridism and Tensions....Pages 79-93 Front Matter....Pages 95-95 Replicating Business Education Programs in Emerging Countries....Pages 97-114 Linguistic Competency, Cultural Understanding, and Business Education in Ukraine....Pages 115-139 Case-Based Teaching in Business Education in the Arab Middle East and North Africa....Pages 141-155 Graduate Certificate for Students with Undergraduate Degrees from Foreign Universities: Implications for Students and Schools in Emerging Markets....Pages 157-167 Training Heritage Students for Managing in Emerging Markets: The Case of Business in Israel in the United States....Pages 169-181 Usefulness of Micro-Business Models in Developing Countries....Pages 183-199 Virtually Situated Learning Environments - the Business Educational Model for Developing Countries in a Knowledge Era....Pages 201-216 Using Experiential Exercises to Underscore the Challenges and Opportunities of Emerging Markets....Pages 217-233 Experiential Learning in Emerging Markets: Leveraging the Foreign Experience....Pages 235-249 The Use of Global Work-Directed Teams in Promoting International Competence: The Case of Croatia....Pages 251-266 Entrepreneurship Education in Argentina: The Case of the San Andres University....Pages 267-282 Front Matter....Pages 283-283 India and Business Education: A Model For Curricular Cooperation in Response to New Opportunities....Pages 285-297 Business Education in Russia: A Siberian Perspective....Pages 299-309 National Economics University and Boise State University: International Cooperation in Vietnam....Pages 311-326 Front Matter....Pages 283-283 An Emerging Market Player in International Business Education: The Case of Wits Business School....Pages 327-342 Final Reflections: The Business Education-Economic Development Nexus in Emerging Economies....Pages 343-349 Back Matter....Pages 351-358 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 contain 80% 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 these emerging markets has prompted a need to understand their dynamics, business institutions and educational systems. Many American universities, for example, have responded to the demand of their students and business partners by educating them about the exciting opportunities and lurking threats in these industrializing economies. This book contains multiple chapters designed to educate American students about the curricular innovations and course development occurring in emerging markets. This book is a by-product of a research conference on the trends and prospects of business education and emerging market economies co-organized by the Georgia Tech Center for International Business Education and Research (G.T. C.I.B.E.R.), the DuPree College of Management, Georgia Institute of Technology, and the Crummer Graduate School of Business, Rollins College.