American University's Kogod School of Business announces the creation of the Kogod Global Management Institute, an intensive one-week program that focuses on the critical importance emerging markets play in the global economy and the infinite business opportunities these markets represent.
The Institute will offer working professionals, up-and-coming practitioners and motivated graduate students the chance to capitalize on the growth prospects that emerging markets hold for public and private investors, NGOs, and foundations. KGMI will address corporate social responsibility and governance, managing and mitigating risk, establishing global supply chains, intellectual property, structuring financing, marketing and communications, and launching technology infrastructures in developing economies.
The Institute's formation coincides with a renewed push into investment in emerging markets. The Institute of International Finance recently forecast that net private capital flows to emerging markets are likely to total around $720 billion this year and rise further to about $798 billion in 2011. That's compared to a total of $435 billion in 2009.
"As world economies begin to regain their footing following the global economic downturn, companies are repositioning themselves for future growth," said KGMI Director and International Business Chair Frank DuBois.
"For many of them, that includes investing in emerging markets with fundamental strengths, such as China, India, Brazil, and Russia. These are critical economies to consider, but through KGMI we will push participants to reflect on a wider breadth of emerging markets in Africa, the Caribbean, Southeast Asia, and beyond."
Maximizing opportunities in today's emerging markets can be achieved while evaluating the markets that will come forward in the future. Indeed, two-thirds of companies that responded to a 2009 survey conducted by the Economist Intelligence Unit expect to derive more than 20 percent of their total revenues in emerging markets in five years. That's double the current proportion.
As Institute participants evaluate the future of emerging markets, they'll also consider the possibilities of investing in places like Haiti, where the present humanitarian mandate will eventually give way to the challenge of rebuilding the infrastructure and economy. Both public and private investments will be essential to restore and reinvent the country.
The collective global experience of Kogod's tenured faculty and executives-in-residence make it the ideal home for KGMI. The School's instructors have extensive backgrounds in international business, finance, corporate governance, information systems, and supply chain management. Together with DuBois, they will lead the weeklong program beginning May 16.
Along with classroom discussion and networking opportunities, site visits to organizations in the nation's capital are a vital component of KGMI's instructional philosophy. Summer 2010 site visits are being finalized, but potential visits include the International Monetary Fund, The World Bank, Export-Import Bank of the United States, and Office of the U.S. Trade Representative.
Drawing on Washington, D.C.'s vibrant international community, KGMI participants will walk away with a tangible network of resources, including both entities and individuals that can advance their prospects in emerging markets.
"Kogod has an outstanding blend of top-notch faculty and a prime location in Washington, D.C.," DuBois explained. "We have a wealth of internal knowledge, plus exposure to the leading institutions, that students won’t find anywhere else in the world. Building a network of relationships through an educational exchange like KGMI is an ideal way for professionals to advance or transition into emerging markets work."
Both for-credit and non-credit enrollment options are available, and enrollment will begin on February 15, 2010. Applicants must have completed a bachelor's degree at an accredited institution.