“The Asian Century has begun. Asia is the world’s largest regional economy and, as its economies integrate further, it has the potential to fuel and shape the next phase of globalization.
-McKinsey
Visiting Asia’s Thriving Economies
As we continue to expand our operations in Asia, we are thrilled with the buzz amongst our university partners, the enthusiastic response from students, our speakers’ network, and corporate partners.
These are some of our most popular destinations and exciting learning topics for each of these diverse group of countries.
Singapore
Singapore is a city-state and one of the richest countries in the world, with a highly developed economy based on trade and service industries.
While Singapore doesn’t have natural resources or much land, its port, and strategic location are the main competitive advantage. The government fully maximizes the use of its port to grow its GDP.
And this is the world’s second-busiest port. On the other hand, Changi Airport is consistently named the best in the world. Singapore is well-known for its excellent infrastructure, sound governance, and strategic location. It offers business school students the opportunity to learn about global supply chains, cross-cultural communication, and emerging markets, all in one of the world’s most beautiful and vibrant cities.
Singapore is one of the leading hubs in Asia, often favored by international banks, multinational organizations, and businesses when setting up an operation in Asia, wanting to establish their presence in the region and set up for long-term expansion plans.
“It was a very fulfilling week and your team of Sofia, Natalie and Cata did a truly excellent job putting the program together and making sure everything went off without any hitch whatsoever.”
DR ROSS BOOTH
BEc (Hons), PhD, MEc (La Trobe), Dip Ed (Melbourne), Senior Lecturer (Sports Economics), Department of Economics, Academic Coordinator, Industry Experience, Faculty Teaching Capstone Unit.
Japan
Japan is a technological powerhouse with some of the world’s largest and most innovative companies. The country is known for its manufacturing sector, especially in the automotive and electronics industries, significantly impacting the global economy. A business school trip to Japan offers students the chance to learn first-hand about the latest technological advances and how Japanese companies lead global innovation, and the strategies they are using to remain competitive in the global economy.
Konnichiwa! Learning from a different business culture
Japanese culture has a business etiquette that is unique to the country. For instance, the concept of “Kaizen” is critically important, meaning continuous improvement in all aspects of life. A business school trip to Japan allows students to immerse themselves in this culture and learn about different leadership styles and management practices that are different from what they may be accustomed to in their home country.
When most people think of Japan, they might imagine bustling cities, neon lights, and quirky fashion. But beyond those stereotypes is a country with a rich and fascinating culture and an equally compelling culinary scene. Whether you’re a foodie or just a curious traveler, it’s worth exploring what Japan offers beyond sushi and ramen.
Japan is a fascinating country that offers a diverse and delicious cuisine, a rich and profound culture, and a dynamic and innovative business scene. By exploring these different aspects of Japan, you can broaden your horizons, learn new skills, and gain a deeper appreciation for diversity and complexity.
South Korea
South Korea is another Asian powerhouse, the tenth-largest economy globally and the fourth-largest in Asia, largely thanks to its electronics and automotive industries. Samsung, LG, and Hyundai are just a few of the household names that have made South Korea a force in the global marketplace. It is also known for its cutting-edge technology and infrastructure and its emphasis on research and development. South Korea would be an ideal destination for business school students interested in learning about entrepreneurship, international business, and global supply chain management.
Exploring the Different Locations – From Bustling Metropolises to Quiet Villages
Vietnam
Vietnam is one of the fastest-growing economies in Southeast Asia, with a young and dynamic population, abundant natural resources, and a rapidly evolving economy. The country has opened up to foreign investment in recent years, and now companies such as Intel and Samsung have significant operations there. Vietnam’s economy is heavily dependent on agriculture and manufacturing, and it is known for its textiles and footwear industries. A visit to Vietnam will give business school students a firsthand look at a country transforming itself from an agrarian society into a modern economy.
Its tourism industry has skyrocketed in the past few years, with Ho Chi Minh City (formerly known as Saigon) becoming a popular destination.
Ho Chi Minh City is the economic powerhouse of Vietnam. It is a bustling metropolis with skyscrapers, multinational companies, and a growing middle class. The city is central to the export and import of goods in Vietnam, with its port serving as Vietnam’s gateway to global trade.
But beyond the hustle and bustle of its metropolis, contrasting economies thrive in other parts of the country – most notably in the Mekong Delta. Students can gain great insights into the unique features of the economy of Vietnam, contrasting urban and rural dynamics.
The region is the country’s agricultural hub, producing colossal amounts of rice, fish, and fruits. The locals engage in small-scale farming and live a different lifestyle than the city dwellers, prioritizing simpler living and agriculture. A visit to the Mekong Delta would be an excellent opportunity to experience how the rural economy operates, learn how an economy dependent on agriculture operates and how the cycles are so different than an urban hub economy.
Gaining Insights into the Unique Cultures of Asian Nations
Malaysia
Malaysia is a hidden gem in Southeast Asia, offering a perfect blend of tradition and modernity. As the country’s economy rapidly develops, it’s attracting more international attention, particularly in the business and finance sectors. Many international business school programs are incorporating Malaysia as a destination for their students to explore and learn from.
Its economy is diversified, with the service industries, manufacturing, and tourism contributing to its strong GDP. As a country with a majority-Muslim population, Malaysia’s cultural heritage and daily life is a contrast to its neighbors.
Kuala Lumpur can easily be a destination on its own or in combination and to contrast with other regional economies, like Singapore and Vietnam.
A business school program in Asia is more than just a chance to see the tourist attractions and sample the local cuisine – it is an opportunity to immerse students in some of the world’s most vibrant economies and learn from the movers and shakers of the global business world. Whether studying the latest technological advances in Japan, the cutting-edge technology of South Korea, or the diversifying economy of Malaysia, business school students will gain valuable insights into international business practices, global supply chains, and emerging markets. A trip to Singapore or Vietnam will offer a chance to learn about cross-cultural communication and explore the potential of emerging markets.
So, pack your bags and get ready for the business school trip of a lifetime!
