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.
*Please note, module dates for Class of 2022 are revised due to Covid-19. The London Module will now take place in September 2021.
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:
- How did America become the greatest power on earth and how seriously should we take predictions of a decline of the American ‘empire’?
- 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?
- Does the common idea of the power shift from the west to the ‘rest’ stand up to scrutiny?
- 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)
Hide BioRobert 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.
View BioProfessor 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.
Hide BioHis 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
Hide BioSaul 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
View BioProfessor Michael Cox
Director of LSE IDEAS and Emeritus Professor of International Relations at LSE
Hide BioHe 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
View BioProfessor Simon Hix
Harold Laski Professor of Political Science at LSE and the Academic Dean of the LSE Institute of Public Affairs
Hide BioSimon 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 focusGuest 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.