Finance

The field of global economy and diplomacy converge in an innovative launch of a new program that will train students around the world in the field of economic diplomacy. The global economy is changing and with it comes a new demand for studying
 
The University of California San Diego School of Global Policy and Strategy is collaborating with three of the most esteemed universities in Korea, France, and Canada to offer a certificate program that prepares students for working in the field of global economics. The Paris School of International Affairs; HEC Montreal; and the Graduate School of International Studies in Seoul, Korea will offer classes as well as opportunities for collaboration on case studies and create faculty exchanges. After the certificate is complete, students will have an opportunity to compete for a prestigious summer internship. 
 
The program commences in fall of 2019, starting with an economic diplomacy course. This education will prepare students for a 2020 summer internship with the Organization for Economic Cooperation and Development (OECD), which the foremost economic think tank on global trade. It is located in Paris. 
 
Chancellor Pradeep K. Khosla said the university was proud to be a part of the global collaboration that trains the next generation of students as well as executives who will help shape world economic policy. The collaboration is a good example of how the university provides opportunities for students to participate in the vanguard on issues that have an international impact. 
 
The world of economic diplomacy revolves around creating policy and results within realms such as foreign investment, trade, lending, creating free trade agreements, upholding sanctions, as well as international cooperation. These are technical skills that are critical and require a deep understanding of successful negotiations and decision making. 
 
The students participating across the globe in the program are likely to be some of the next generations of policymakers and the School of Global Policy and Strategy is ready to represent the country and help standardize the field of study. 
 
People have studied within this field for years and institutions like the World Bank and the World Trade Organization are decades old, but there is now a school of thought that they that questions the benefit of their economic policies and demands that they also should be inclusive and they require fundamental institutional changes.
 
 Renee Bowen, associate professor of economics at the School of Global Policy and Strategy believes these institutions should not become defunct or discarded but they should be restructured to reflect the changes happening in the world. Bowen will become the head of the Center for Commerce and Diplomacy, a new research center at GPS that will analyze the connection between commerce and diplomacy. 
 
Bowen hopes the international program will prepare upcoming students to possess an in-depth knowledge of how business necessities and diplomatic objectives can coincide. This is a critical skill as more companies are global, in that they are headquartered in one location yet have links in other countries. Countries and people are linked by economics and the idea of competition has changed, Bowen said. Rather companies, countries, and people need to consider partnerships and mutually beneficial economic interests.