Northeastern University’s D'Amore-McKim School of Business, in conjunction with the Austral Group, is pleased to offer the International Field Study, Chile and Peru: Economic development and Sustainability. This program will be conducted in and around Lima, Peru and Santiago, Chile. This IFS trip is from May 6th to May 13th.
Chile and Peru represent two of the most diverse and fascinating cultures in South America. Moreover, both nations have experienced strong economic growth in the past decade and are now at a crossroads to climb to the next level. Both countries recently signed Free Trade Agreements with the Unites States. Chile is famous for its amazing mountains, Patagonia, fine wines and keen business acumen. Santiago is becoming very cosmopolitan and has become a business hub for many MNCs operating in the region. Lima, the epicenter of business, government and culture in Peru, is known for its exotic cuisine, big waves, thriving business and vibrant indigenous culture. Both countries have strong and positive relationships with the United States and many firms are working hard to cultivate sustainability into their business models.
Areas of Interest
Chile and Peru account for close to 50 million inhabitants and some of the most diverse topography in the world ranging from the vast Amazon Rain Forest in Peru to Easter Island in Chile. Much of the plush agricultural areas are nestled amid the backdrop of the luminous Andes Mountains
Santiago, with a population of just over 7 million, is a beautiful city surrounded by snowcapped Andean peaks that serve as a border with Argentina. The fact that many Europeans were early settlers to Chile doesn’t escape the culture of Chile’s economic and cultural hub. Chileans are increasingly stressing higher education, innovation, political stability and are extremely global-minded. In addition to business visits we will likely have the opportunity to visit a local ranch, the port city of Valparaiso, a vineyard and a mountain refuge.
Lima, the largest Pacific Coast City in South America with about 9 million inhabitants, is undoubtedly the epicenter of trade in Peru. Home to the oldest university in South America, San Marcos, Lima was developed almost 100 years before any major U.S. city. With a rich blend of indigenous, Japanese, Chinese and European cultures Lima’s culture and cuisine are world renowned. Although poverty remains a major problem for this city, Peru’s impressive economic run has blanketed Lima with a wave of optimism and foreign direct investment. We plan to visit firms from a wide range of industries such as agribusiness, textiles and food/beverage as well as at least one NGO. Students will have the chance to see historic downtown, the waterfront district, museums and a local university. A post-trip excursion to Machu Picchu will be an alternative.
Students will be exposed to an array of cultural differences and businesses with unique strategies due to their presence in Latin America. While in South America, students will attend lectures by business executives, leading academics and government officials. Students will also interact with their counterparts from a top Peruvian university (Universidad del Pacifico). The overall objective of the course is to learn about the challenges and advantages of operating a business in Chile and Peru.
Format of Instruction
The class will meet monthly prior to trip departure. Students will read case studies and popular press articles about Chile and Peru and the current economic and cultural environment of South America. Students will write-up a case analysis and student teams will present their recommendations for export feasibility projects to colleagues in South America.
Dr. Christopher Robertson, Professor of International Business and Strategy, D'Amore-McKim School of Business
Accommodations, Transportation & Meals
Participants will be housed in double rooms in high-quality 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, if necessary, as well as securing transportation to Lima and from Bogota. Inter-country transportation is included.