Chile: Doing Business in Emerging Markets
Chile serves as an excellent location for a course topic revolving around emerging markets. It has become one of the most advanced and stable economies in Latin America. With a great potential for growth, Chile has been outperforming both the Latin American region and the world. Chilean economy experienced 4.6% increase in GDP from 2002-20112 and 2013 GDP stands at $277.2 billion. Chile ranks 7th on the 2014 Index of Economic Freedom, just below Canada and full three points above the U.S. The country has well-diversified economy with a strong agricultural sector, growing manufacturing base, and flourishing consumer market with GDP per capita PPP of $21,911 the highest in Latin America. Chile is the world’s largest copper producer. Many large multinational corporations (MNC) established South American headquarters in Chile’s capital of Santiago. In 2013, Chile received $30.3 billion of foreign direct investment and the country is listed as #22 on Forbes List Best Countries for Business. With one of the most open economic in the Americas, Chile was the first South American country to join the OECD and it is also a founding member of the General Agreement on tariffs and Trade (GATT).
Santiago de Chile has been the capital of Chile since the 16th century, and is now the largest city in the country. Surrounded by the Andes mountains, the city is a fusion of history with its colonial roots and neoclassical architecture , and modern, with a strong business core of the country producing 45% of Chile's GDP. Students on the program will be stationed in Santiago, with business site visits in the coastal cities of Valparaiso and Vina del Mar. An additional day is planned for students to tour the Vina Santa Rita winery and have a tasting, as Chile is world famous for its wine.
This 3-credit School of Management program for undergraduate and graduate students will provide students with an understanding of the real economic and business mechanisms of Chile and the Latin American region. Students will learn from fellow Chilean classmates and participate in discussions with local business professional in Santiago on political, economic, and business conditions of international business and the role of Chile as an emerging market in the global market place. Students will earn credit for the following course
Prior to departure, admitted students will meet twice for group classes to prepare for the trip. Additionally there will be a required academic paper students will write before arriving in Chile. Once in Santiago, students will have lectures from Binghamton and Chilean professionals along with industry speakers from various sectors. The academic program will be capped by student presentations.
- IBUS 480F / 581F* ( These are updated, corrected course numbers)
The program, offered by the School of Management, will be led by Professor Oktay Sekercisoy. Professor Sekercisoy has extensive experience in Chile and taught numerous classes related to international business and management at Binghamton.
The estimated program dates for this winter program will be December 31, 2016 - January 14, 2017. (Please note these updated program dates: this information was updated on October 3rd, 2016. Thank you.). Please note that students will be required to participate in some coursework before and after the on site program dates in addition to the classwork on site.
Students will stay in a safe and comfortable hotel in Santiago: The RQ Providencia. Rooms will be shared (generally two students per room) and the hotel will include wifi and breakfast daily. The hotel is conveniently very close to the metro.
Please download the Estimate of Costs sheet here: Chile Estimate of Costs sheet winter 2017.pdf
All students should print out this Estimate of Costs Sheet, bring it to the Financial Aid office, and consult with a counselour there about what the implications of this cost would be for them individually. Federal and New York State financial aid is generally applicable to study abroad programs. The Binghamton Financial Aid Services Office is able to consider only the application of students matriculated at Binghamton for degree study.
Scholarships: students applying for this program may be eligible apply for the Myers Family Scholarship. This provides an award of $1,500. For more information about this scholarship, click here.
This course is open to undergraduate (sophomore and above) and graduate students in any field of study. Applications from Freshman students may also be considered. Other SUNY students are also welcome to apply. Students must complete an application form, obtain a recommendation through the online application, write a brief essay about their reasons for wanting to participate in the program, and submit transcripts from the school(s) they have attended if they are not a Binghamton University student.
The application deadline for this program is October 15.
For questions pertaining to academics, contact
Professor Oktay Sekercisoy at firstname.lastname@example.org
For general study abroad advising, contact Kerry Stamp at email@example.com