The globe, lit up at night

Globalization: Strategies for Your Enterprise


Presented by two of the world's most knowledgeable and recognized economists, Nobel Laureate Joseph E. Stiglitz and finance expert Bruce C. Greenwald, Globalization: Strategies for Your Enterprise (online) is an asynchronous pre-recorded version of the famous block-week EMBA Globalization class, which has been a beacon for students since 2002. This online format, which preserves the near-entirety of the actual block-week EMBA class, was filmed in the summer of 2014, and provides an authentic class experience with the benefit of more time for reflection, discussion with peers, and ability to replay the lectures at your leisure and numerous times for the duration of your access to the material (approximately three months).

While you may wonder if the course remains relevant given that it was filmed in 2014, the answer is a resounding YES. We can attest that the core, the value, and the bulk of the class remains unchanged year after year, and this offering is still the only comprehensive online program of that perennial, favorite foundational course. The broad context, history, and detailed firsthand experiences relayed by these extraordinary professors far exceed a short life span snapshot or ordinary overview of this massive subject. That’s why this course has been esteemed as such a treasure among thousands of alumni for two decades.

In this online program, the Columbia Business School professors importantly debunk pervasive myths of globalization and provide unique insight into how to consider challenges and opportunities – both macro- and micro-economic – more accurately. With an immense amount of wisdom accumulated from their academic and professional experiences, the professors infuse this material with humor and honesty as they share their different perspectives. This course further provides frameworks that you can use to guide your business strategy and investment decisions to more profitability in the midst of globalization.

Course Description (unchanged from 2002-2021), as it appears in the EMBA syllabus:

Recent years have seen markedly closer integration of countries around the world, with increased flows of goods and services, capital, and knowledge. There are two alternative views concerning globalization: one, reflected in the protest marches from Seattle to Genoa, argues that globalization has hurt the poor, has been bad for the environment, and is governed by undemocratic institutions operating behind closed doors, advancing corporate and financial interests of the more developed countries. The other argues that globalization is the only means by which developing countries will be able to grow and eradicate poverty. This course tries to enhance understanding of these alternative perspectives. It analyzes the underlying forces that have led to globalization and identifies its effects, particularly in developing countries and when and why it has had the adverse effects that its critics claim and when and why it has had the positive effects that its proponents argue for. It also examines the need for international collective action, discusses the structure and conduct of international economic organizations, and assesses the extent to which they are to be blamed for the failures of globalization or should take credit for its successes. At the end of the program, participants will be well equipped to apply the program learnings to a well-supported analysis of and recommendation for a future business strategy or policy.

Dates:  – 

Time Commitment: 2-4 hours per week

Format: Facilitated Online Course – Learn with a cohort and facilitator as new pre-recorded modules are released each week.

Administrative Fee: $250

Please visit our contact page to view frequently asked questions about our programs.

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Key Learnings

  • Gain a deeper understanding of the realities and myths of how globalization has impacted the macro-and micro-levels of global economy.

  • Realize and navigate the complexity of considering business, investing, and policy strategies in a fast-changing business environment.

  • Establish a well-rounded foundation for the next generation of business and political leaders to discuss global economy and trending topics both in formal and informal settings.


Module 1: Introduction: Globalization and the Rise of Developing Countries

Module 2: History of Globalization

Module 3: The Business Perspective: Market Structure, Competitive Advantage, and Globalization

Module 4: Productivity Growth, Outsourcing, Economic Performance, and Labor Markets

Module 5: Policy, Structural, and Macro Issues

Module 6: Effect of Globalization on Labor Markets

Module 7: The Global Environment

Module 8: Trade, Inequality, and Labor Markets

Module 9: Inequality and Labor Markets

Module 10: Intellectual Property Rights and Globalization

Module 11: Introduction to Financial Markets, the Global Financial System, and Globalization

Module 12: Global Macro-Stability and the Current Crisis

Module 13: The Euro Crisis

Module 14: Globalization, Markets, and Changing Economic Landscape


Bruce Greenwald

Robert Heilbrunn Professor Emeritus of Asset Management and Finance, Accounting Division

Joseph Stiglitz

Executive Director and Co-founder, Initiative for Policy Dialogue; Professor, Economics Division; Professor, Heilbrunn Center for Graham and Dodd Investing

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Please visit our contact page to view frequently asked questions about our programs.