MGLO 4002 Entrepreneurship and capitalism in Latin America
Latin America has experienced a dramatic transformation during the last 150 years. The course discusses the Latin American development through the entrepreneurs who shaped it. It offers students an opportunity to explore the historical development of as well as the future of entrepreneurship in Latin America, one of the world’s largest emerging markets. For that, the course looks at the dynamic relationship between states and markets and between the developed and developing areas of the world economy or global economy. Through a wide-ranging framework it offers students an opportunity to understand the changing role of entrepreneurs and how they created business organizations in different contexts and institutional settings. Latin America offers rich, and often traumatic historical conditions, especially concerning the impact of globalization and economic cycles. By placing business in a broad political, economic and cultural context, the course covers the changes in the structure of Latin America businesses over the last 150 years, the winners and losers from capitalist expansion. The course uses a variety of case studies, academic articles and book chapters, as well as newspaper articles, company cases from different countries of Latin America. It is organized in three modules, providing a dynamic framework for exploring the challenging decisions Latin American entrepreneurs and firms have faced in the different eras of the last century and a half in Latin America, until current conditions. By reviewing the historical evidence on Latin American entrepreneurship, the course is relevant to all future leaders operating in today’s global context, since students will learn to understand how the modern business environment came about, and to think about how value can be derived in volatile circumstances with unpredictable political contexts as well as micro and macroeconomic shifts.
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