Tag Archives: international business

Study abroad photo contest winners 2011

A picture is worth a thousand words. Every year University of Washington Foster School of Business undergraduate and MBA students study and work abroad as part of their business degree and sometimes the best way to convey the value of those experience is through a photo. The UW Global Business Center held a competition for the best student photos of 2011 travels. Here are the 1st and 2nd place winners in two categories – titles, captions, descriptions written by students:

  1. Foster Abroad: Photo that inspires others to study abroad or makes a statement about the student experience abroad
  2. My Global Lens: Views uniquely accessible to students living abroad – social issues, cultural interactions, city scapes, landscapes, etc.

Foster Abroad – 1st Place (tie): Olivia Arguinchona, undergraduate 
India

Good morning India!
This picture was taken at the Taj Mahal at around 6 AM in the morning. I don’t think there is any other place where I could have been so awake at this hour in the morning.

Experience abroad: This exploration seminar focused on women leadership and entrepreneurship in a country where women are commonly oppressed. Looking back on all I experienced, India has become a symbol of resilience for me. I met so many women who had found a way to lift themselves and their family out of desperate poverty, or who were, in poverty, surviving and planning for the future of their children. Our group delved into the topic of microfinance, something I know hope to pursue once receiving a degree.

Foster Abroad – 1st Place (tie): Olga Kachook, undergraduate
Johannesburg, South Africa

Shadows of Us
Biking through Soweto, one of South Africa’s most culturally rich and diverse townships.

Experience abroad: Life abroad beats to a different drum- restaurants serve food at a snail’s pace, transportation is a chaotic adventure, and many things are lost in translation. Sometimes these changes were exhilarating, and sometimes they were frustrating, but most of the time they just made you stop and question things you take at face value back home. The differences between places and cultures are what usually stand out, but ultimately studying abroad shows you both sides of the coin- not just differences but similarities too. Discovering our similarities to people half way across the world is what makes travel exciting.

Foster Abroad – 2nd Place: Stephan Chung, undergraduate
Cork, Ireland

Reppin’ the DUBYA after win #1
The first of many. UW’s Ireland Exploration Seminar representing the dawg pack in Ireland following our season opening win against the Eastern Eagles. Photo location: Kinsale Harbour

Experience abroad: I decided to go on this business summer exploration to Ireland after hearing raving reviews from everyone I ever talked to who went on the trip. We spent an amazing three weeks visiting large national business and touring Ireland’s cities, towns, and beautiful natural landscape. The Charles’ Fort at Kinsale Harbour where this picture was taken offered breathtaking views of the coast and an interesting piece of Irish history.

My Global Lens – 1st Place: Amanda Hamilton, undergraduate
Ahmedabad, India

Who Runs the World? (Girls)
Empowering a girl empowers the world. Providing education and opportunities to girls around the world is the key to the future. Location: A small, rural village outside Ahmedabad

Experience abroad: Traveling to India was the biggest eye-opener ever. The culture shock and awe-inspiring experience was, at times, overwhelming, but left me thinking so much more deeply about the issues going on in this world. Seeing the stark contrast between the rich and poor and meeting all these amazing women who are taking what they were given and being empowered to be the change in their own lives and communities is so entirely humbling and inspiring. It was amazing to see the people and programs who are truly trying to make a difference by empowering these women and giving them opportunities to affect change around them. The woman in this picture was part of a case study where we went and met with a group of women in a village who had been given solar lanterns and clean cookstoves to improve their lives and daily work.

My Global Lens – 2nd Place: Siena Cairns, undergraduate
Valdivia, Chile

Trapped Miners: 33+
Crawling deep into the suffocating tunnels of Cerro de Potosí showed me there were more than 33 miners living in the dark. Location of photo: Potosí, Bolivia

Experience abroad: The week I arrived in Chile was the week that 33 miners became trapped in the north. Although this was significant international news, it was hardly the only cause for attention across the nation. At that same time, leaders of the indigenous minority, the Mapuche, were entering their second month of a hunger strike and protesters were gathering blocks away from my university. In the midst of national turmoil, Chile was approaching its 200 year celebration as a nation and an election year. I was swept into all of this, and slowly over meals with my host family, classroom discussions, and chats with local friends, my understanding of Chile’s political, social, and cultural history grew until I really began to understand the weight of these pressing issues around me.

Touring the mines and engaging with miners was one of these eye opening experiences. The miners taught me how life in the mines is so demanding that there comes a day when you know little else. In this sense, they become trapped in those deadly tunnels, unable to leave the only lifestyle they know. When I left home to learn Spanish, I never expected to return with such an understanding of this foreign culture too.

See all photos submitted for the contest. Judges included nearly 30 faculty and staff members. Learn more about MBA and undergraduate study and work abroad opportunities via the Global Business Center.

Global study: Looking at Cyprus & Greece through different cultural lenses

Guest blog post by Aspasia Bartell, UW Foster School of Business MBA student

Selected from a nationwide candidate pool, second-year Foster MBA student Aspasia Bartell traveled to Cyprus and Greece this summer with the American Hellenic Institute Foundation, a Washington, DC-based, Greek-American think tank. During the trip she had the opportunity to study current foreign policy issues and the business environments in Greece and Cyprus. The delegation met with the President of Greece, ambassadors, Greek and Greek-American business leaders and other dignitaries.

We began our trip in Cyprus, a divided country since the 1974 conflict between Turkey and Greece. Northern Cyprus remains under the control of Turkish military forces, a situation regarded as an illegal occupation denounced in several United Nations Security Council resolutions. The Greek-Cypriot government in the south wants to reunify the island, but attempts to reach a solution to the dispute have so far been unsuccessful. This situation has created hardships for the Cypriot people; for example, thousands have lost their homes and businesses as a result of the occupation and continued division.

Despite the division, the Cypriot economy is doing quite well. Over the past decade Cyprus has become a magnet for Foreign Direct Investment. The Greek-Cypriot government has taken specific measures to help drive investment including putting in place a low 10% corporate tax rate and a no withholding tax policy as a means to make investing in Cyprus as simple as possible.

UW Foster School MBA student Aspasia Bartell in Athens, Greece
UW Foster School MBA student Aspasia Bartell in Athens, Greece

Next, we visited Greece in the midst of its worst financial crisis in history.

In Athens we met with Dr. Miranda Xafa, Alternate Executive Director at the Board of the International Monetary Fund, who explained the economic crisis in greater depth. She discussed how Greece has taken out the largest loan in the history of humanity. Its debt has been downgraded to junk status. Greece is more than likely to default.

Xafa then spoke about actions Greece needs to take to make progress. She spoke on how Greece needs foreign direct investment and that this investment should be from private capital. She spoke further on how the country needs to focus on its tourism and shipping industries, which make up approximately 30% of its GDP. She also believes that officials should take a thorough look at the size of its public sector.

One of the business leaders we met with was Dennys S. Plessas, Vice President of Business Development Initiatives for Europe, the Middle East, and Africa, for Lockheed Martin Aeronautics Co. He told us that Greece needs to isolate and to focus on its competitive advantage moving forward. He says the country needs to focus on exports of certain products as well as expanding its education system.

The political turmoil that accompanies this economic crisis has made addressing policy issues in Greece more difficult.

Greek officials are also dealing with an ongoing diplomatic dispute with their northern neighbor, the former Yugoslavian Republic of Macedonia (FYROM), over the name “Macedonia” itself. The Greek government maintains that the Republic of Macedonia should include a qualification such as “northern” to differentiate itself from the neighboring Greek region also called Macedonia.  While Greek and Macedonian officials continue to debate the issue, the UN has agreed to accept any final agreement the two countries are able to reach.

Also, relations with Turkey still remain strained due to an increasing number of Turkish flyovers in Greek airspace. As a result, Greece finds it necessary to continue to spend a large amount of its GDP on its military, while those funds are badly needed elsewhere.

UW Foster School MBA student Aspasia Bartell meets Greek President Karolos Papoulias
UW Foster School MBA student Aspasia Bartell meets Greek President Karolos Papoulias

We were fortunate to meet with Dr. Karolos Papoulias, the President of Greece.  President Papoulias used our visit as opportunity to thank President Obama for his political help with the financial crisis. He ended our meeting with a powerful message that the Greek people possess an incredible amount of strength and ambition and they will emerge from this crisis.

This trip was a phenomenal experience that illustrated how the world is becoming increasingly interconnected and that the business leaders of both today and tomorrow need to have an international view. During this trip I saw how leaders from different countries often view situations through their own cultural lens. The ability to recognize this and to attempt to see issues from the cultural viewpoint of another leader is an important skill when working in the international sphere.

Foster undergrads place 3rd in Spanish Business Case Competition

BYU competition 2009A team of three UW Foster School of Business undergraduates placed third in the second annual Spanish Language Business Case Competition at Brigham Young University in Utah on November 13, 2009 – the only one of its kind in the US. Both business knowledge and mastery of a second language were tested for each participant.

Britten Ferguson, Alex Fitch and Taylor Sloane recommended strategies for Walmart’s international expansion. The case, the presentation and the Q&A with judges were all in Spanish, which is a second language for these students. The team presented to panels of corporate and faculty judges in two preliminary rounds.  The top three teams, representing Indiana University, Utah State University and the University of Washington, went on to the final round.

Alex Fitch, Certificate for International Studies in Business student organization president, said, “In using my Spanish language skills in this competition, I gained confidence in the prospect of doing business in Spanish in the future.”