CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: May 12, 1999
Institute for International Business is created at
IOWA CITY, Iowa A new Institute for International
Business has been created in the University of Iowa Henry B. Tippie College
of Business, helping students and faculty gain new perspectives on the global
The Board of Regents, State of Iowa, approved the
creation of the Institute at its April meeting. The new office will coordinate
all international programs in the college and will work closely with other
international programs and centers on campus.
The Institute provides internships, study-abroad programs,
and exchange programs for business faculty and students. Its goals are to
provide students with experiences and skills necessary to compete in the global
marketplace and advance faculty research and teaching efforts on issues related
to international business.
William Albrecht, UI professor of economics and director
of the Institute, wants to add new exchange programs for students and faculty.
Existing programs have been very successful, with students getting a first-hand
view of global economies in action.
In January 25 MBA students traveled to London to study
British financial markets. As part of another inter-session program May 17-28
in London, 19 UI MBA students will study implications of the euro and European
financial integration on the U.S. economy. Over the last two summers, UI MBA
students have had internships with firms in Argentina and Chile.
Through a U.S. Department of Education grant, six
UI business faculty will also travel to Argentina over the next two years
to expand their knowledge of the Latin American economy. Starting June 1 they
will not only intern at an Argentine company, but also teach an executive
training course at the Lujan University near Buenos Aires. All instruction
will be done in Spanish, Albrecht added.
Marketing Professor Catherine Cole will be the first
to make the trip to Argentina this summer and will teach marketing management.
She is looking forward to gaining different perspectives on marketing case
studies and plans to share what she learns in her fall classes at the UI.
"It's also great being in a different country to see different approaches
in advertising, distribution and branding," she added.
Next year's participants
in the Argentina faculty program include Wagner Kamukura of the marketing
department, Gerry Suchanek and Thomas Rietz from finance, Nancy Hauserman
from management and organizations, and business librarian David Martin.
Although no new international business courses are
planned through the Institute, Albrecht said business faculty could now add
more Latin American business content in their existing classes. "The faculty
who spend time in Argentina will be able to share their knowledge of international
business issues and learn about opportunities abroad," he added.
Business faculty will also share their experiences
with the business community, with presentations planned to the Cedar Rapids
Chamber of Commerce.
The Institute plans to continue its study-abroad programs
for students next summer in Argentina and will offer a three-week program
in January 2000 to study financial institutions in London and Paris.
For more information about international business
programs, call (319) 335-1379 or see http://www.biz.uiowa.edu/worldbiz/.