|Fall Term: Mexico - December 17-23, 2017 (See below)||Spring Term: Japan - March 24-31, 2018|
Questions? firstname.lastname@example.org Beth Ursin and Gary Knight
MEXICO FALL SEMESTER Course: GSM 7261G Fall 2017
Trip Dates: December 17-23, 2017
Application Deadline September 18, 2017
Full payment Required October 1, 2017 (If you qualify, Financial Aid can be extended to include entire program costs)
Fall Course Information: Mexico
GSM7261G is a one-credit graded independent study course. Credits for this course will count towards graduation requirements.
- Professor: Professor Gary Knight
- Prerequisites: One semester of Willamette MBA or law coursework and good academic and conduct standing.
- Tuition: There is no tuition charge for GSM7261G for fall semester 2017 or spring semester 2018. Students are responsible for all program fees and estimated costs.
- Course requires attendance and participation in class sessions prior to and following the trip.
- Sample Itinerary to Mexico
- Syllabus to come
- Class Dates: Saturdays 9am-2pm December 2 and January 20
Estimated Costs: All inclusive of program fee, airfare, visa and meals on your own - estimate - $4135
- Program Fee: $3235 (includes in-country travel (airfare) and transportation (bus for visits), double-occupancy hotel rooms (6 nights) breakfasts and one dinner ). Students wanting a single room will pay an additional fee of $489.
- Airfare: $600 estimated
- Visa - no visa required for US citizens. Citizens of all other countries should check visa requirements.
- Estimated additional Costs: $300 (including meals not included in program fee and train transportation within cities etc)
- Financial Aid: Students eligible for Federal Stafford or Graduate Plus loans may apply to borrow to cover the costs of the trip Contact Shanan Woods in the WU Financial Aid Office
Application Process: Application form
- September 10 - Application Deadline - Apply here.
- October 1 - Full payment required - $3235 (100% of program fee). This will confirm your participation (NOTE: Financial Aid can be increased for current students during fall semester to cover the cost of the study abroad
Refund Policy: There will be no refunds after October 1st due to policies and procedures with our international partners.
Program is subject to cancellation if the minimum number of participants is not met.
Passport and Visa Information:
- Valid passport is required
- There are no visa requirements for US Citizens. Visa process and charge varies by country of citizenship. Students can get information here - Information here
COURSE DESCRIPTION AND RATIONALE
This is a one-credit course that includes an international study trip to Mexico in December 2017. The trip includes visits to numerous companies and other organizations in and around Mexico City. In this course we study (i) fundamentals of international business, (ii) the environments and challenges of emerging markets, (iii) strategies and operations for succeeding in emerging markets, and (iv) specific aspects of business in Mexico.
Mexico’s population of more than 120 million makes it the world’s 11th most populous country, and the most populous Spanish-speaking country. About 50% of the population is under age 30. The country consists of 31 states and a federal district, Mexico City, which will be the focus of our visit. Mexico City is one of the world’s largest cities, with a metro population of nearly 21 million.
Mexico’s nominal GDP is about $1.1 trillion, making it the world’s 15th largest economy. An emerging market, Mexico’s economy continues to develop and likely will become one of the world’s ten largest economies in coming decades. Mexico is closely linked to the US via the North American Free Trade Agreement (NAFTA), enacted in 1994. The oil company, Pemex, is a state-owned enterprise and the nation’s largest firm. It supplies about 20% of Mexico’s federal tax revenue.
Mexico’s manufacturing sector accounts for about one-third of the nation’s economy. In addition to oil, other top industries include electronics, automobiles, heavy industry, construction, food, banking, financial services, and tourism. GDP per capita is nearly $20,000 in PPP terms, and about $10,000 in nominal terms. Income levels in rural areas are typically one-half or one-third those in urban areas. The minimum wage is about $5.00 per day.
Mexico has a rich cultural heritage in art, music, and literature. Historically, Mexico was home to various aboriginal civilizations, including the Olmecs, Mayas and Aztecs before first contact with Europeans. Spain conquered and colonized Mexico beginning in 1521. Mexico gained its independence three centuries later in 1821 in the War of Independence. The 19th century was characterized by instability, much political change, and several wars, including the Mexican–American War. By the 20th century, Mexico was under a dictatorship, which was overthrown in the Mexican Revolution of 1910. The nation’s Constitution and current political system were enacted in 1917.
Today Mexico’s government structure is similar to the US, with a bicameral congress, an executive branch, and a supreme court. The Institutional Revolutionary Party (PRI) has dominated Mexican politics for most of the last century. The current president is Enrique Pena Nieto.
Mexico is characterized by significant public sector corruption and drug-related crime. Some 100,000 Mexicans belong to the nation’s drug cartels, which are active mainly in northern Mexico. Other social and economic concerns include low real wages, high underemployment, inequitable income distribution, and much rural poverty. Concentrated industry and trade with the US have made Mexico’s northern-tier states notably wealthier than the rest of the country.