This course provides an introduction to the Latin American business environment, with special focus on Uruguay and Argentina. In Uruguay, we explore the dilemmas of the country’s contrasting development opportunities, promoting tourism and sustainable enterprise built on its natural beauty, while pressured to accept environmentally threatening extractive industry investments in mining, pulp, and petroleum. Additional themes include environmental and water rights debates, regional infrastructure investment, and review of South-South trade initiatives.
In Argentina, we examine the country’s emergence from the volatile swings of agricultural commodity booms, international debt, and financial turbulence. We explore the challenges of the recently elected Macri government to promote economic development through entrepreneurial initiative directed by market fundamentals. What happens when entreprenuers design government policy and roll back the state?
In addition we examine regional e-business competition, the “Tango” as a cultural artifact of early economic development, concluding with an appraisal of the region’s prospects in the wake of the adversity of a global financial crisis. We will explore these Southern Cone economies through extensive country site visits and classroom sessions at host institutions, Universidad ORT (Uruguay) and Universidad San Andrès (Argentina).
[Course Video / Brainshark]
Advanced Liberal Arts
Sophomore, junior, or senior.
Student must be, and remain, in good academic standing with the college for duration of the course.
Student must be in good standing with the Office of Community Standards by time of travel.
While there are no prerequisites, preference will be given to those who have already taken SME2031 – Microeconomics, and/or are currently enrolled or have taken ECN2000 – Macroeconomics.
International Flight (Included / Not Included in Program Fee)
All students will travel on group air ticket Boston, MA --> Montevideo, Uruguay/Buenos Aires, Argentina --> Boston, MA
The program fee includes the following transportation:
Babson Campus: Bus To/From Airport
Montevideo, Uruguay: Bus from Airport and Bus to BuqueBus Ferry
Montevideo, Uruguay -- Buenos Aires, Argentina: BuqueBus Ferry
Buenos Aires, Argentina: Bus from BuqueBus Ferry and Bus to Airport
Students should also expect to pay for additional individual transportation around the city and to do significant walking.
Breakfast will be provided at the hotel.
The following meals are also included in the program fee: welcome dinner, some program lunches and farewell dinner.
Students are responsible for paying for most lunches and dinners on their own.
Students with food allergies, intolerances, or other dietary restrictions are encouraged to contact their Program Manager prior to committing to the course to discuss any questions or concerns.
Estimated Total Cost: $X,XXX + Tuition (4 credits)
Program Fee: $X,XXX (TBD)
Included: Accommodations, breakfast, airport transport, group round-trip flight from Boston to Uruguay/Argentina , ferry transportation from Uruguay to Argentina, program planned meals, and cultural excursions.
Not included: Tuition, visa costs, additional meals, and personal expenses.
Payment: The program fee is paid to the Glavin Office.
Cancellation Policy: All students who confirm their placement and later withdraw from the course are subject to the Elective Abroad cancellation policy. Please review this policy to understand any additional financial obligations.
Babson Tuition: 4-Credits
Fall/Spring: Tuition is paid directly to SFS and is included in the fall/spring semester flat rate tuition charge (up to 20 credits)
Winter/Summer: Tuition is paid directly to SFS and is billed at the 2018-2019 credit rate. Each Elective Abroad is 4 credits. Winter/spring tuition is separate from fall and spring tuition charges, however, you may qualify for a tuition adjustment in a future year.
To discuss tuition or your financial situation or to learn about grant opportunities, visit Student Financial Services.
Prof. Ricciardi taught in the economics department for the Institute for Latin American Studies at the University of Texas, the Universidad Centroamericana in Nicaragua, and the Instituto de Estudios Superiores de Administracion in Venezuela. His research interests include monetary economics, the history of economic thought, and Latin American economic development. He has worked as a research economist in Peru, Central America, and Venezuela, and consulted for the Central Bank of Nicaragua. He was also a William R. Dill International Faculty Fellow and a Fulbright Scholar to Venezuela.
Alex Nesbeda manages the programming for Elective Abroad courses and the International Consulting Experience for the undergraduate and graduate student populations. She is the program manager for undergraduate Electives Abroad in Japan, the United Kingdom, Uruguay / Argentina, and Israel; graduate Electives Abroad in Italy and Japan; and the MSEL Global Entrepreneurship Experience in Tanzania.
Xueer (Cher) Ning created two videos from her experience on the March 2018 program. Check them out below:
I decided to take part in this course because I am very interested in Latin America. I had many questions about the area ranging from economics to culture that I wanted answered. Needless to say, Professor Ricciardi and the OIP created a course which provided me with a wide base of knowledge linked to this area. As part of the course, you are able to experience the culture of the country while learning how it's history and political landscape have effected its business environment. We met with many intellectuals who were able to shed light on many of the topics we were not well versed in. This provided substantial learning and an experience that was well worth my time.