The D'Amore-McKim School of Business is pleased to offer the International Field Study (IFS) course: Economic Development in China. Students will travel to Hong Kong, Shanghai, and Beijing from May 11th to May 19th. Please download the tentative itinerary for more information.
Economic Development in China
This course is designed to expose students to the transitional economy and the business environment in China. For several years China has been the fastest growing economy in the world that has made significant strides since recently joining the WTO. Through visits and seminars at host universities, companies, and government offices students will gain first-hand knowledge of the structure of the Chinese economy and how domestic and foreign companies do business there. Students will have opportunities to directly interact with Chinese government officials, company executives and university faculty and students. These visited cities, despite differences in size, culture, government structure, serve as the most important industrial and financial centers in China and Asia.
Areas of Interest
Beijing is the capital of China. It is China's political, cultural, commercial, and administrative center. Beijing has many top-ranked Chinese universities and is becoming a banking and technology hub. After two decades of economic reform, the ancient city has been developed into a modern metropolis. Perhaps it can also be considered as one of the best case studies of a transitional economy advanced by interactions of private and government forces. With over 3,000 years of history, Beijing has numerous historical sites, including the Great Wall, Forbidden City, and Summer Palace. In 2008, Beijing hosted the Olympic Games that has stimulated further urban development.
Shanghai is the largest economic, financial and trade center in China, measured by either GDP or population. It is the most important and comprehensive industrial and financial base for China. With one of the world’s largest ports, Shanghai is the catalyst for urban and regional development in Central and East China. Shanghai also plays an increasingly significant role in the global financial market. Since its inception at the end of 1990, Shanghai Stock Exchange has risen to be a major international stock exchange; its indexes have seen some handsome returns in recent years. The metropolitan area has enjoyed two decades of spectacular growth and kept its colonial city appeal while growing its cosmopolitan glamour.
Hong Kong is a Special Administrative Region of the People's Republic of China. Following British rule from 1842 to 1997, China assumed sovereignty under the 'one country, two systems' principle. Regarded by many as the “Gateway to the Orient,” Hong Kong is one of the largest economic, financial, and commercial markets in Asia and the world. For decades, Hong Kong has served as a significant link of China to the global economy. As a densely populated city, Hong Kong has an amazing skyline, bustling harbor, savory culinary delicacies and stylish shopping districts.
The course includes pre-trip preparation and instruction at Northeastern University in the Spring semester. Students will also engage in a team project in a research area of their own interest. Research guidelines will be provided by the instructor. A paper will be required and the presentations will be conducted.
Format of Instruction
In each city, students will have classroom lectures, visit companies and other business sites and possibly meet with local graduate students. The program will lectures on various topics related to China economic and business environment, and many business visits that could include Walmart, Hyundai, China Merchant, and stock exchanges.
Dr. Shiawee Yang, Associate Professor of Finance and Insurance, D'Amore-McKim School of Business
Accommodations, Transportation & Meals
Participants will be housed in double rooms in high-quality tourist hotels during the program. Accommodations for spouses or friends are not available. Breakfasts, some lunches, and some dinners are included. Students are usually responsible for other meals. Students are responsible for securing passports and visa. Inter-country transportation is included.