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Business in the
Global Political Economy

The module introduces multi-disciplinary perspectives on how economic globalization is transforming world markets, how the international rules that govern the world economy are changing, and how political crises and international conflicts impact on business.

London

Your base for Module 1

Where you'll be based for Module 1

There is good reason why the TRIUM journey starts at the LSE. It is one of the foremost social science universities in the world, where a total of 18 Nobel Prize winners in economics, peace and literature, and at least 34 past or present world leaders, have either taught or studied at LSE.

Meeting new colleagues

Orientation Day

Key topics and themes

The principal emphasis of this module is upon the interaction between economics and politics, or political economy.

Public policy, both at domestic and international levels, continues to be highly important for economic performance and, in many parts of the world, for political and social stability.

At TRIUM, we believe that business leaders need to develop a nuanced and sophisticated understanding of the global political, social and economic environment for sustained business success in the 21st century – even if the business in question is almost entirely domestically focused.

A secondary theme in this module, continued throughout the program, is Leadership, including the identification and development of the leadership skills necessary to thrive in contemporary business.

Sample courses

Module One consists of 12 courses, 1 keynote and  guest speakers. The following sample is to give you a flavour of what’s covered.

The Political Economy of Globalization

Dr Robert Falkner analyses the major trends shaping the uneven process of global economic integration and fragmentation.

We examine some of the major controversies sparked by economic globalization: Who are the winners and losers? Should we be concerned about rising levels of inequality? How does growing social and political contestation of globalization affect international business? Who governs globalization? And how can business leaders respond to the opportunities and risks that globalization creates?

Introduction to Quantitative Methods and Analysis

We cover the tools and techniques needed to become intelligent consumers of others’ summaries of the analysis of quantitative information, and examine our understanding of risk, uncertainty and causation.

The aim is to enable better decision making through both the ability to intelligently interpret quantitative data summaries, and the ability to assess the roles skill and luck play in business performance.

Global Economy, Emerging Markets and Entrepreneurship

This course provides an understanding of the most important evolving phenomena in the world economy, and to provide a real understanding of the consequences for senior business decision-makers – especially important in these times of political turbulence and economic volatility. The course equips students with the ability to analyse the reasons and implications when new shocks hit the global economy.

European Union: How It Works and Where It’s Heading

A detailed understanding of how EU institutions function, this course examines the economic and political challenges the EU is currently facing and how that affects business.

The aim is to enable students to more effectively understand and engage with the EU’s institutions and the EU policy-making process, particularly in regard to the EU single market, and to help forecast the development of the EU as it moves forward.

Africa’s Changing Development Prospects And Its Place In The Global Economy

We examine the changing dynamics of African development and its place in the global political economy, focusing on the implications of Africa’s rise for international business.

We consider the possibilities for devising strategic approaches to mitigating risk and opening up realistic business opportunities in this dynamic region.

International Politics in an Age of Uncertainty

This course looks at four big international issues:

  1. How did America become the greatest power on earth and how seriously should we take predictions of a decline of the American ‘empire’?
  2. The role and impact of Russia across the globe. How successful has Putin really been in restoring Russian prestige and power and what influence is Russia likely to wield in the future?
  3. Does the common idea of the power shift from the west to the ‘rest’ stand up to scrutiny?
  4. What is the effect of the global wave of populism and what are its implications for global business?

Featured faculty

Dr Robert Falkner

Academic Director, TRIUM, LSE (Modules 1 & 5)

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Dr Robert Falkner

Academic Director, TRIUM, LSE (Modules 1 & 5)

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Robert is also Associate Professor of International Relations and the Research Director of the Grantham Research Institute on Climate Change and the Environment at LSE. He is also an associate fellow of Chatham House, the London-based think tank. Robert has published widely on issues relating to international political economy, global business and global environmental politics.

Faculty focus

Professor Matt Mulford

Adjunct Professor at HEC-Paris, a Senior Research Fellow at the London School of Economics and a Visiting Faculty at the European School of Management and Technology in Berlin.

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Professor Matt Mulford

Adjunct Professor at HEC-Paris, a Senior Research Fellow at the London School of Economics and a Visiting Faculty at the European School of Management and Technology in Berlin.

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His research interests include the psychology of judgment and decision, negotiation analysis, experimental game theory, and experimental research design.

Professor Saul Estrin

Professor of Managerial Economics and Strategy, LSE

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Professor Saul Estrin

Professor of Managerial Economics and Strategy, LSE

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Saul also has considerable practitioner experience. He is currently a Non-executive Director of Barings Emerging Markets and was previously a member of the Academic Panel of the postal regulator, Postcomm. He has been a consultant to the World Bank, European Union and OECD, DfID and NERA. He has taught executive programs for a large number of major companies.

Professor Michael Cox

Director of LSE IDEAS and Emeritus Professor of International Relations at LSE

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Professor Michael Cox

Director of LSE IDEAS and Emeritus Professor of International Relations at LSE

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He helped establish the Cold War Studies Centre in 2004 and expand it into IDEAS, a foreign policy centre based at the LSE which aims to bring the academic and policy words together, in 2008. In a 2014 international survey, IDEAS was ranked 2nd in the world amongst the best university affiliated Think Tanks.

Faculty focus

Professor Simon Hix

Harold Laski Professor of Political Science at LSE and the Academic Dean of the LSE Institute of Public Affairs

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Professor Simon Hix

Harold Laski Professor of Political Science at LSE and the Academic Dean of the LSE Institute of Public Affairs

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Simon is a leading researcher, teacher, and commentator in the field of EU politics and institutions in the UK. His research focuses on EU decision-making, public opinion concerning the EU, politics in the European Parliament, and the EU’s democratic accountability.

Faculty focus

Guest Speakers

Each year we feature guest speaker sessions from experts in social and political sciences . Previous speakers have included:

Dr. Minouche Shafik

Director of the London School of Economics

Dr Meredith Crowley

Reader in International Economics, University of Cambridge

Sir Thomas Hughes Hallet

British barrister, investment banker and philanthropy executive; Non Executive Chair of the Marshall Institute at the London School of Economics

Dr Leslie Vinjamuri

Dean, Queen Elizabeth II Academy for Leadership in International Affairs, Chatham House

Between modules

Following Module 1, you’ll work on two individual assignments and two group assignments that will be due prior to Module 2.

Insert Career Support – Leadership Coaching

You’ll work on your Capstone idea, preparing your two-minute pitch for Module 2.

TRIUM Academic Dean Oliver Gottschalg delivers the opening lecture

LSE, London

Alumni experience

The benefits of TRIUM go beyond just the transformational academic program. By joining our program you will enter a remarkable network of high-achieving global business leaders. The TRIUM Global Executive MBA alumni are among the most qualified and insightful in the international business world.

Paul
Carreiro

Canada Class of 2017

If you’re wondering if it’s too late, or if you’re regularly in an environment where you’re often the smartest person in the room, take the TRIUM challenge – it’s humbling and refreshing at the same time.

View our alumni stories