The one-week GNW exchange trips have wrapped up recently. So after the several days of class study and tours, have the students found the answers to their questions? Let’s find out.
German Team
Key words: Industry 4.0
Q: Will Germany continue to lead in this new global trend of “Industry 4.0”?
A: With the fierce competition from emerging economies including China and India, German enterprises are making great efforts to transform from manufacturers to comprehensive service providers. It’s estimated that about 80% German companies will complete the digitalization of its value chain. And over 60% German business leaders believe that the current business mode will undergo fundamental change in the near future.
The timeline of Industrial Revolution
Costa Rica Team
Keywords: Social Progress Index Ranking
Q: How did the country exceed in Social Progress Index Ranking?
After doing the case study, the students realized that the Social Progress Index Ranking was a comprehensive evaluation system that examined a series of factors including the economic, environmental, social and cultural part of a country. Costa Rica has been carrying out “sustainable development” policies. That’s why the country scored so high in the ranking.
Lu Fenxia from Fudan is doing a model testing with other team members
Nigeria Group
Keywords: Retail and E-commerce
In recent years, African economy has been doing pretty good as more and more investors are paying close attention to the continent. As a politically stable country, Nigeria has a relatively young population who have a strong desire to consume. People are expecting that the advancement of retail and e-commerce can encourage the development of the local economy. So what would make this happen? —this is what the students plan to further study in the future.
Members of GNW project at Lagos Business School
U.S. Team& Indonesia Team
Keywords: GNW, Window to the World
Q: How can we strengthen our connection through GNAM?
Students from the U.S. Group said, after five days at Yale, they have already found the answer to the question they raised before the trip. The GNW project provides a platform where students from different parts of the world can understand each other better. “The connection and friendship will be treasure of a life time,” the students said.
Fudan MBA students having dinner with students from other countries
Students taking part in the GNW project in Indonesia come from different countries including Indonesia, Canada, Mexico, India and China. Actually, before the students met each other, they had already established connection on social network websites. And they’ve been keeping frequent contact after the project concluded. The students hoped that there could be regular online-courses or forum in the future that would help strengthen the connection between these top business schools.
Students from GNW project in Indonesia
Mexico Team
Keywords: Mexico’s economic growth
Q: what are the advantages in the country’s economic development?
Through the course, the students learnt that Mexico was an economy with great potential to expand and grow. The country has unique advantages in geographical location, population, and resources. Besides, it has close trade exchange with the U.S. and Canada. But the country also faces great challenges in a number of aspects including lack in infrastructure construction and weakness in national education. These will be among the focus of study in future for the students.
Students from the group of Mexico in class
Ireland Team
Keywords: Wine and Music, Economic development
Q: What’s the role of wine and music in Ireland’s economic development?
The students were excited to take a week-long cultural tour centered on gourmet, music, literature, and theater, among others. From the tour, the students learnt that on one hand, the rich culture of Ireland was a stimulus to its tourism and other related industries. On the other hand, culture is part of a country’s soft power. So wine and music seems irrelevant to economy, but actually they’re closely connected to economic development.
Indian Team
Keywords: new-tech, start-ups
Q: What factor has driven the fast growth of new-tech companies and start-ups in India?
Bangalore boasts of many IT schools; the city has a mild weather and its official language is English—all this has contributed to the fact that Bangalore has become a second “Silicon Valley”.
Among the large number of incubators in India, the ones founded by universities and enterprises play an important role in helping start-ups establish themselves. This is what China can learn from India, the students pointed out.
C-camp incubator
Turkey Team
Keywords: Internationalized environment, Exchange of thoughts
Before the trip, students from the group of Turkey said they wanted to learn more about global strategy in an internationalized environment. During the week, the students had several group discussions with classmates from other parts of the world. On one hand, they had different opinions on the topics. On the other hand, they together carried forward the project with great team spirit.
Fudan MBA students received certificates from KOC, a Turkish company
Chile Team & Brazil Team
Keywords: Seeking cooperation and connection with the world
Professors introduced to the students Chile’s business mode and Latin America’s economic development through the cases of several local companies. The students learnt that the economy of Latin America was experiencing a stage of rapid growth and the countries were eager to connect with the world.
Students from the group of Chile
At the EGADE business school in Brazil, the students also did a lot case study on Brazil’s cooperation with other countries. As members of the BRICS, China and Brazil are deepening their trade and cultural exchanges. And the students found that in fields like infrastructure, construction and e-commerce, the two countries could continue to seek more cooperation.
Spain Team
Keywords: European economy
Q: what’s the driving force of European economy?
Through the course at IE business school in Spain, the students learnt that the driving force of European economy mainly came from within—the spending power of European countries is a main driving force. On the other hand, high-end manufacturing industry in Germany and France is also a big influential factor.
The Spain group went on a trip to Toledo, an ancient city to experience the local history and culture
