Go Global with Smith!
Doing Business in China: China in 2013 and Beyond -
Challenges and Opportunities
One-credit spring term BUSI788C & Two-credit summer 1 term
course itinerary draft
Education Abroad’s new withdrawal and refund policy is now in effect.
The Smith School is committed to growing global citizens, and both the Smith
School and the University of Maryland are committed to engagement with China. The
Smith School launched an Executive Leadership program in Beijing, in association
with UIBE, in March 2012.
China is now central to the world economy and dynamics, and the Smith School
would like to offer as many opportunities as possible to begin to understand the
huge and complicated country. The Smith School features an
EMBA program in Beijing,
exchange programs with several Chinese universities, and semester programs in Shanghai
with internship options for undergraduates.
This course will focus on China's growth and major challenges and
opportunities as it undergoes a change in leadership, and changes in
demographics and wealth distribution. We will examine China's urbanization and
energy sourcing to serve its huge cities and manufacturing areas, and the impact
China’s strategies on such issues have on the rest of the world. Nobel economics
laureate Joseph E. Stiglitz has cited urbanization in China, along with
technology developments in the U.S., as the two most important issues that will
shape the world’s development during the 21st century (Bloomberg
News Jan 17th, 2012).
China’s urban population (see the picture below) surpassed that of rural
areas recently for the first time in the country’s history after three decades
of economic development encouraged farmers to seek better living standards in
towns and cities. The move to cities has already benefited companies such as
excavators makers Caterpillar Inc. and Komatsu Ltd., iron ore miners BHP
Billiton Ltd. and Rio Tinto Plc., construction materials provider W&R Grace, and
elevator manufacturer Otis. Changing consumer tastes and growing wealth have
also fueled demand for products sold by numerous American companies such as
Apple Inc., General Motors Co., P&G, Starbucks, and Yum! Brands Inc.
As the middle class grows, the country has struggled to meet its energy
needs; the rush around the world to meet those needs has generated wealth for
many. China’s use of coal has been regarded as an area of concern; at the same
time they are believed to lead the world in solar energy production and
As the nation’s population changes demographics, China faces the challenge of
providing jobs, welfare and other social services to its citizens. This class
will look to help students understand how these changes in China affect all of
From Economist, Jan 18, 2012
An excellent analysis of China
Story about why China
matters to us all
the growing wealth gap
This class has been confirmed and students may go ahead and purchase airfare.
(See above for exact dates). Students are advised by UMD Education Abroad to
purchase refundable airline tickets in case of unforeseen circumstances.
THE COURSE PROGRAM FEE includes lodging in a shared hotel room, local
transportation to company visits and required cultural activities, any tickets
or fees for required business/cultural activities, some group meals, and
professor and partner fees.
Not included: International airfare, personal expenses, most meals and trip
insurance (if desired). Students are responsible for obtaining and paying for
their own visa and/or entry fee where applicable. There is an additional $250
study abroad fee which goes directly to the campus office to maintain the
In-country flights are expected to be about $200. We will advise as to dates,
times and recommended airline.
UM’s Education Abroad withdrawal and refund policy drop and refund schedule
apply for the one-credit BUSI788 and BUSI798 courses. There is an additional
$500 penalty if you drop the course after the semester start, January 23, 2013.
A visa is required for US citizens, and costs around $130. Students of other
nationalities should check the consular office for visa information and
requirements. Your passport must be valid for 6 months after your return date,
and you should have 2 blank visa pages available.
The time abroad IS the class and any instances of: being late and therefore
delaying the group, noise in hotel hallways, damage to hotel rooms, hung-over
behavior, sleeping during meetings or public displays of affection will be
frowned upon as it would for any business traveler on meetings or conferences
abroad. You are expected to incorporate professionalism while abroad, and
professionalism is part of your total grade. It is our intent to develop world
citizens and savvy business travelers, and the courses abroad should be
undertaken as serious academic endeavors.