• Lessons from South Africa on Public-Private Sector Cooperation to Grow an Economy

    What will students gain from this program?

    South Africa’s history and outlook provide a setting for many important conversations at the intersection of business in a global society. Whether it is South Africa’s:

    • Stock of natural resources, which act as a buffer against uncertainty in the Middle East
    • Biodiversity, which impacts the health of the biosphere
    • Integration with the European economy, because of their colonial history
    • Cooperation with China, its largest trading partner
    • Social challenges (income inequality, poverty, high employment and substandard public education) driven by past discrimination
    • Need for an effective national healthcare strategy given the devastation caused by AIDS
    • Extensive cultural diversity
    • Political corruption that is embedded in a democratic system

    Academic Program Overview

    South Africa is the largest economy in Africa and the 28th largest economy in the world in 2012 with a GDP of 384 billion, more than ¾ in the service sector. In 2011, the United States was the economy’s third largest import trade partner behind Germany and China. While South Africa boasts a relatively large economy, it suffers from 25%-40% unemployment and 25% of its citizens live on less than $1.25 a day.

    Faculty Leader

    Andy Wicks

    Dates

    Monday, 19 March – Friday, 30 March 2018

    What have students said about the program?

    "South Africa is in an interesting place in their history, both economically and culturally. Going to South Africa helped me understand a bit more about emerging markets, their advantages and disadvantages, and how businesses function in light of this. I had a great time with my classmates and professors, and learned a lot along the way."

    "A fantastic opportunity to see the intersection of all your Core classes come into play in a very real way and a great chance to see the complexities of business that you often miss in a classroom."

    "The learning combined with the fun adventure of this course is unparalleled to anything you could ever experience on your own."

    "The caliber of individuals we met and of conversations we had were excellent and definitely more than anything I could have expected."