Globalization presents central opportunities and challenges for business growth. Whether a firm seeks new markets for its products, lower-cost production opportunities, or high-yield investment vehicles, many of the most attractive opportunities internationally lie in "emerging markets" in Asia, Latin America, Africa, and elsewhere. At the same time, these business environments present special risks and challenges. Achieving competitive advantage in emerging markets depends on the firm's ability to manage the risks posed by weak legal systems, which limit the enforceability of contracts and property rights while amplifying the challenges of corruption, as well as managing through the macroeconomic, trade policy, and political regime shocks that regularly visit emerging market environments. This course provides toolkits and frameworks to successfully confront these challenges. The course will integrate numerous business examples with insights from the latest economics, business strategy, and political science research to provide the international business manager with a cutting-edge, integrated perspective on globalization and a set of strategic solutions to manage the most prevalent business risks in emerging markets.