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Washington and Lee University

Washington and Lee University
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Business in a Developing Economy

Business 390B
4 credits
3 weeks in Nicaragua
Professor Sandy Reiter

Nicaragua is the second poorest nation in the Western hemisphere behind Haiti. The primary purpose of this course is to understand why and how this continues to be so. We will investigate the economic and business development issues and the role business has in hindering and/or promoting development. Areas of investigation will include such things as trade agreements, sustainable development, foreign direct investment, maquiladoras, privatization of utilities, indigenous property rights, micro-financing, fair trade, participation of women in the economy, and local cooperatives. This is an opportunity to have first hand experience in understanding the business environment in a developing country. The first three weeks of the term will be in Nicaragua, and the last week will be in Lexington where students will finish up their projects. While in Nicaragua, we will be based primarily in Managua, the capital, but we will also visit the countryside north of Managua, where much of the coffee and agricultural production takes place, and the Pacific coast land south of Managua.
By the end of the term, students will have a good understanding of ..

1. the impediments to economic growth and human development in Nicaragua.
2. the effect of globalization and CAFTA on development in Nicaragua
3. the role of business in hindering and/or promoting development

This course satisfies the international business elective for business administration majors. It will also satisfy several requirements in Environmental Studies: a social science elective for the minor or an interdisciplinary course or general elective for the major. The course may also satisfy a requirement for the Shepherd Poverty Program with prior approval from Professors Beckley and Reiter. There are no pre-requisites for this course, and all majors are welcome. In preparation for the course, we will meet several times in the winter term to discuss some required readings.

PROGRAM FEE: (Paid to W&L) $2,430 includes international airfare (RT Miami-Managua), in country lodging, meals, transportation, and all program costs during the week.  It also includes mandatory supplementary health and emergency medical evacuation insurance.

Additional costs: Domestic airfare RT Lexington-Miami (est. $200); personal spending money.

For further information, please contact Professor Reiter.