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Ramapo College - Peru: International Business Experience
Cuzco, Peru; Lima, Peru (Outgoing Program)
Program Terms:
Program Terms: Summer
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This program is currently not accepting applications.
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Program Sponsor: Ramapo College of New Jersey 
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Discipline of Study: International Business Language of Instruction: English
Housing Options: Hotel/Hostel Minimum GPA: 2.5
Class Status: 2nd year (Sophomore), 3rd year (Junior), 4th year (Senior) Program Type: Study
Program Description:
Program Description:
International Business Experience: Focus on Latin America

Peru marketCredits: 4
Program Location: Lima & Cuzco Peru
Term: Summer
Minimum GPA: 2.5
Prerequisites: IBUS 326; IBUS 335; IBUS 305 or with instructor approval
All Ramapo College students in good academic and judicial standing are eligible. Students of other U.S. colleges or universities are also eligible.


Gladys Torres Baumgarten
Dr. Gladys Torres-Baumgarten
Associate Professor of International Business 

Course Description - "International Business Experience" (IBUS 337)

The objective of this study is to introduce students to fundamental aspects of the business environment and culture in Latin America. This experience will demonstrate to students what a vibrant business environment exists in Latin America today. Latin America has been transformed over the past 30 years and nowhere is this more evident than in the prosperous market of Peru, a country whose economy almost doubled in size over the past ten years.
The experience will also give students a sense of how regionally and globally integrated Latin America has become by looking at the strong trade and investment ties that Peru has forged with China, for example, over the past ten years. These strong ties represent both an opportunity and a risk to Peru, and these will be underscored during the visit.


Course Objectives

The objective of this program is to introduce students to fundamental aspects of the business environment and culture in Latin America, in addition to gaining an understanding of the challenges faced by individual nations. This program offers a comprehensive overview of the economic and political environments in Latin America as well as an introduction to Latin American civilization, society and culture – with particular emphasis given to Peru.

By the end of the study program, students will better appreciate the economic, social, cultural, political environment of Latin America. Students will observe how Latin America's recent economic and political history has shaped the current business environment for domestic and foreign firms. Emphasis will also be placed on the opportunities and challenges for multinational firms in Latin America and for Multi-Latinas as global competitors. Students will gain first-hand experience on the complexities of business environments and challenges for multinational corporations operating in Latin America by meeting with university economists and business executives in Latin America.

In line with RCNJ's mission regarding international education, by the end of this program, students will be able to:

• draw comparisons between their own culture and that of the countries they visit;
• discuss key historical and cultural features of the countries they visit as part of this course.

Macchu PichuAccommodations

Students will reside in local hotels in Lima, Cuzco and the Sacred Valley.

Course Assessment

The final grade will be based on the following assignments: country/sectoral analysis and trip report/ presentation.

1. Country/sectoral analysis – Write an 8 page paper in which you select an industry sector that is of interest to you (e.g. automobiles, mining, agriculture, health & beauty aids, banking, advertising, etc.)  Analyze the performance of that sector in Peru using multiple sources. Include a works cited page at the end of the paper. At least half of the sources should come from the library databases. The remaining half may come from the library databases as well or from other secondary sources of information, including online sources. (Times New Roman, 12 point font, double spaced, APA style). You will be expected to give a 15 minute presentation to the other participants prior to departure.

2. Program Report: You are required to write a program report.  The report should be your observation on Peru’s political, economic and/or cultural environments.  This report should be about 6 pages in length , Arial, 12-point font; double-spaced, plus appendices and bibliography.  

3. Write a 4 page paper on any multilateral or bilateral trade agreement in which Peru participates. Describe the agreement and discuss what impact this trade agreement has had (or in the case of a very recent trade agreement, discuss what impact it is expected to have) on Peru.

4. Share your experience to Ramapo Community: Students are required to give a presentation to the Ramapo community.

Program cost: $5425
(non-NJ Residents = $6595)
Included: international r/t airfare from New York; domestic airfare between Lima-Cuzco; tuition for 4 credits; lodging; some meals; comprehensive international health insurance; books; all excursions and entrance fees.
Not included: U.S. Airport Transfers, some meals, immunization costs and personal expenses

Payment Timeline
Commitment &
$500 Deposit (non-refundable)
March 15
Payment #1: April 1
Payment #2: April 15
Payment #3: May 1
Late Fees
A late fee of $35 will be assessed for each payment not received by the payment deadlines communicated to you by the International Programs Office. Note: There will be a 3-day grace period before a late fee is assessed.


Video by Summer 2016 Participants: Michelle Santucci & Julianne Hogan

For further information:

The Roukema Center for International Education
Ramapo College of New Jersey
505 Ramapo Valley Road - ASB123, Mahwah, NJ 07430 USA
Telephone: (201) 684-7533

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This program is currently not accepting applications.