New for 2019, our MSc International Management and Emerging Economies programme provides a fascinating insight into the challenges facing firms in emerging economies.

Programme information

Our International Management and Emerging Economies masters will provide you with a comprehensive and integrated understanding of the particular challenges facing firms in emerging economies. We will focus on specific issues such as the process of economic reform, the pressures of globalisation and the opportunities for internationalisation at firm-level.
The Institute for International Management maintains a research interest in the comparative analysis of countries’ institutional set-ups and how diverse national contexts affect economic activity around the world. This research is fed into the teaching of this programme to ensure you graduate with an understanding of the latest opportunities and pressures facing organisations in emerging economies.
Our inspiring location offers a unique learning environment for anyone who shares a passion for international business. London is one of the world’s leading hubs for global business and trade and is the ideal location for students to expand their knowledge, expertise and networks.

Entry requirements

An honours degree 2:2 (55% or above) or equivalent overseas qualification recognised by Loughborough University, typically in a non-business field though those with a business background will be considered. A background in the social sciences is desirable (but not essential).

Overseas qualification equivalencies

English Language requirements

In order to be admitted onto any postgraduate programme at Loughborough University London, you must have a qualification in English Language, whether your first language is English or not.

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Fees and funding

Our tuition fees cover the cost of teaching and assessments, as well as the cost of operating University facilities such as the library, IT equipment and other support services. The standard tuition fees for 2019/20 entry are:

  • £14,100 (UK/EU)
  • £25,500 (International)

University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.


View scholarships for 2019 entry

Programme aims

  • Develop in-depth knowledge and skills of key issues facing multinational companies that invest in emerging economies, particularly the opportunities for developing new markets and the risks associated with rapid institutional change
  • Develop an understanding of the distinct processes of internationalisation that apply to firms within emerging markets
  • Develop an ability to apply knowledge and understanding of business and management to complex issues that pertain to novel national contexts
  • Prepare graduates for a valued career in a wide range of management contexts including those requiring business awareness and an understanding of the shifting nature of the global economy as certain countries become more influential
  • Provide students with the skills of advanced networking and team working in order to compete in a rapidly changing international business environment

Programme modules

To give you a taster of the modules you can expect to study, we have expanded on some of the modules that are normally affiliated with this programme.

In semester one, full-time students will study four core modules. In semester two, full-time students will study two core modules and two optional modules, as well as a dissertation worth 60 credits.

Core modules

Collaborative Project

With a multi-talented group of students, you will work on a brief from a real company looking to solve a real social or business problem.
Together with your student team, you will research and build solutions to a business problem, supported by our project tutors, clients and staff. Previous clients include Foster + Partners, Speedo, The London Legacy Development Corporation as well as many other companies, start-ups and charities.
The Collaborative Project provides a means for you to engage in critical enquiry and to be exposed to project-based teamwork in multicultural and interdisciplinary settings. By undertaking this module, you will strengthen your cooperative and collaborative working skills and competencies, whilst raising your awareness and appreciation of cultural and disciplinary diversity and differences.
The Collaborative Project aims to provide you with a hands-on experience of identifying, framing and resolving practice-oriented and real-world based challenges and problems, using creativity and appropriate tools to achieve valuable and relevant solutions. Alongside the collaborative elements of the module, you will be provided with opportunities to network with stakeholders, organisations and corporations, which will give you the experience and skills needed to connect to relevant parties and potentially develop future employment opportunities.

Learning Outcomes

On completion of this module, you will be able to:
  • Work effectively in diverse and interdisciplinary teams
  • Undertake and contribute towards a project-based development process
  • Apply critical enquiry, reflection, and creative methods to identify, frame, and resolve issues and problems at hand
  • Identify user and stakeholder needs and value creation opportunities, whilst collecting and applying evidence-based information and knowledge to develop appropriate insights, practices and solutions
  • Identify, structure, reflect on key issues and propose solutions to problems in creative ways
  • Enhance your appreciation for diversity and divergent individual and disciplinary perspectives
  • Be able to provide structured, reflective and critical feedback to peers and other stakeholders
  • Plan and execute a project plan including scope, resources and timing
  • Effectively communicate ideas, methods and results to a diverse range of stakeholders
  • Use multiple, state-of-the-art date media and technologies to communicate with collaborators
  • Make informed, critical and reflective decisions in time-limited situations.


Assessment consists of 100% coursework which is made up of:
  • Individual Reflective Essay (55%)
  • Team Project Report (40%)
  • Peer Evaluation (5%)

Management in a Diverse World

This topical module will enable you to make informed assessments of the idiosyncrasies of national economic systems. You will uncover the key elements of national economic systems and how they differ through an in-depth investigation of how they have evolved over time
As a group, we will assess the challenges facing companies that manage across nationally distinct systems, and will take account for the pressures towards convergence and divergence in the nature of managerial work.

Learning Outcomes

On completion of this module, you should be able to:
  • Appreciate the ways in which economic activity is embedded in particular national contexts
  • Understand the nature and causes of national variations in the way that ostensibly similar processes are undertaken
  • Critically evaluate a range of aspects of the behaviour of multinational companies
  • Identify which features of organisations are becoming more similar across nations and which continue to differ
  • Develop an approach to comparing phenomena across countries that is sensitive to the ways in which economic activity is embedded in institutional context
  • Evaluate the ways in which comparative analysis is soundly carried out
  • Demonstrate an effective understanding of recommendations for policy and practice underpinned by comparative analysis.


Assessment is 100% written assessment (maximum 3,000 words) that will consist of 3 questions over 3 weeks (1 questions response submitted per week).

International Business and Entrepreneurship in Developing Countries

This module will equip students with the necessary academic skills to understand the challenges firms face in different developing countries and assessing different ways in which firms can overcome these challenges.
By the end of this module, students will be able to critically use different concepts describing developing countries’ business environments, including institutional voids, institutional distance, state capitalism, hierarchical market economies, embedded autonomy, and predatory states.
Based on these key concepts from international business, comparative political economy, and development studies literature, students will be able to critically analyse what specific challenges arise for firms in such contexts and how different types of firms have reacted to them. Topics addressed in the module include the strength and weaknesses of institutions, the role of the state, rule-based vs. relationship-based systems of governance, business groups, and State-owned enterprises (SOEs).

Learning Outcomes

On completion of this module students should be able to:
  • Identify and critically assess institutional specificities in a series of developing countries
  • Be critically aware of how institutional factors shape companies’ organisational structures and practices
  • Critically evaluate a range of contextual factors in developing countries and how firms can react to them
  • Explain and critically reflect on different ways of doing business in different parts of the world
  • Critically evaluate key concepts used to describe the institutional and cultural business context in developing countries
  • Critically analyse companies strategic and organizational reactions to key challenges in developing countries
  • Critically analyse and synthesise academic literature and other sources of information
  • Construct and present convincing, logically coherent arguments orally and in writing
  • Demonstrate effective oral presentation skills.


  • Group presentation (20%)
  • Oral exam and poster presentation (80%)

Political Risk in Emerging Markets

This programme asks the question: what are political risks and how are they defined for emerging markets. You will uncover the lure of emerging markets and the range of risks that can be associated with such collectives, including geopolitical risks, regulatory risks and international political risks. Time will also be dedicated to the consideration of emerging markets as nodes in the global market. By the end of the module, you will have a thorough grasp of the political and geographical risks at play for emerging markets, as well as the politics of 'doing business' for particular groups.

Learning Outcomes

On completion of this module, you should be able to:
  • Discuss diversity of political risks within emerging markets
  • Explain the various factors that make emerging markets important nodes in international business activities
  • Critically evaluate existing literature and understandings of emerging markets.
  • Construct reasoned arguments, synthesise and analyse relevant information and exercise critical judgement
  • Reflect on your own learning and make use of constructive feedback
  • Analyse current events and discuss them in groups as part of an editorial meeting
  • Discuss essay questions as part of a group and plan possible outlines
  • Communicate effectively in speech and writing
  • Use communication and information technology for the retrieval and presentation of information
  • Work individually, demonstrating initiative, self-organisation and time management
  • Explain events as they are reported in media coverage, and examine their contents.


One individual assignment in the form of an investor report of up to 4000 words (100%).

Global Strategy

This programme will provide you with knowledge and understanding of the concepts surrounding global strategy and strategic management. Environmental analysis and strategic positioning will also be considered, alongside strategy evaluation and implementation. We will analyse the tools required for successful global strategic leadership and assess the aspects of organisational structure and design relevant to strategy. Time will be dedicated to explore the cultural context of global strategic management and change.

Learning Objectives

On completion of this module, you should be able to:
  • Explain the concept of global strategic management and global strategy
  • Develop meaningful corporate objectives in a global context
  • Understand resource, knowledge, and institutional-based factors important to the global firm in terms of the headquarters and its subsidiaries
  • Explain the relationship between the capabilities and competitive advantage of an organisation
  • Distinguish between strategic options
  • Recognise the problems and implications of implementing the strategies
  • Assess the relationship between strategy, environment, capabilities, and stakeholder expectations of an organisation
  • Evaluate an organisation’s strategies and their adequacy
  • Analyse the multiplicity of factors and inter-relationships that make up a complex scenario
  • Demonstrate self-direction and originality in analysing problems.


One individual assignment of up to 4000 words (100%).

Corporate Governance, The State and Development

By the end of this module you will be able to critically discuss the main theories in the areas of law and finance as well as alternative explanations of the link between law and financial development. We will critically discuss the notion of ‘quality of law,’ the role that the Rule of Law plays in the economy, as well as different measures of legal shareholder protection.
You will familiarise yourself with alternatives to the legal-rational Western system of economic organisation (including relationship-based systems and clans). This will allow you to understand how corporate governance reforms have been used to promote financial growth and what firm-level consequences result from such reforms, driven by the international financial institutions.
Topics addressed in this module include ‘the Washington Consensus,’ the Law&Finance school, legal reforms and the transplant effect, the impact of shareholder protection on stock market development, and shareholder vs. stakeholder models of corporate governance.

Learning Outcomes

On completion of this module you should be able to:
  • Critically assess theories of corporate governance and the role of law in promoting financial and economic development
  • Be critically aware of how such theories have been used by development agencies and international financial institutions to promote policy reforms in various countries
  • Explain and critically reflect on limitations of legal reform as an instrument for development
  • Understand and critically evaluate alternative forms of economic organization to the legal-rational system of developed Western economies
  • Critically evaluate key theories in the areas of comparative corporate governance, law and finance, and development studies
  • Critically analyse reform programmes and policies based on these theories and assess their impact on corporate governance systems and firm-level practices
  • Critically analyse and synthesise academic literature and other sources of information
  • Construct and present convincing, logically coherent arguments orally and in writing
  • Demonstrate effective oral presentation skills.


  • Assignment (80%)
  • Presentation (20%)

Human Resources in Emerging Economies

This module will enable students to make informed judgements concerning the factors that create diversity in HR strategies of firms in emerging markets, evaluate the opportunities that firms have to change HR strategies as their economy becomes more integrated into the global economy and the constraints that they face in doing so and, assess the likely consequences of changes in HR strategy and how these consequences are conditioned by the institutions in which they operate.
The module will generate and understanding of the key factors governing the ways in which human resources are managed in emerging markets and establish the distinctive institutional influences that govern the employment relationship in emerging markets, including how these differ from one country to another. 

Learning Outcomes

On completion of this module, students will be able to:
  • Critically evaluate the ways in which the management of people is governed by distinct institutions in emerging markets 
  • Identify the key rules, regulations and norms that shape the policies of firms concerning HRM in emerging markets
  • Critically evaluate the difference between emerging markets in these respects and whether the countries in this category can be group together into sub-categories
  • Identify changes in the patterns of HR practice among firms in emerging markets as the economies internationalise
  • Appraise the ways in which people are managed in emerging economies and how it is distinctive both from other emerging markets and from developed countries
  • Critically evaluate the outcomes of different firm strategies in relation to HRM, including how these strategies interact with institutional contexts in arriving at these outcomes 


  • Coursework (60%)
  • Group Presentation (20%)
  • Participation (20%)


The Dissertation module will equip you with the relevant skills, knowledge and understanding to embark on your own research project. You will have the choice of three dissertation pathways:
  • A desk based research project that could be set by an organisation or could be a subject of the student's choice
  • A project that involves collection of primary data from within an organisation or based on lab and/or field experiments
  • An Internship within an organisation during which time students will complete a project as part of their role in agreement with the organisation (subject to a suitable placement position being obtained)
  • By undertaking a dissertation at master's level, you will achieve a high level of understanding in your chosen subject area and will produce a written thesis or project report which will discuss your research in more detail.

Learning Outcomes

On successful completion of this module, you should be able to demonstrate knowledge and understanding of:
  • The importance of project planning
  • The importance of a clear hypothesis or research question
  • The ethical implications of research
  • The relevant empirical data and methodologies for data collection or knowledge assimilation for the subject area
  • Methods of data analysis and their suitability for the intended data
  • The areas of expertise or publications of the major individuals or organisations in the subject or business area
  • The previous research or current knowledge in the specific subject or business area
  • Theoretical perspectives relevant to your chosen topic
  • The most effective methods of presentation for data or knowledge
  • Developing a clear, coherent and original research question, hypothesis or business problem in a suitable subject area
  • Synthesising relevant sources (e.g. research literature, primary data) to construct a coherent argument in response to your research question, hypothesis or business problem
  • Analysing primary or secondary data collected by an appropriate method
  • Critically evaluating data collected in context with previously published knowledge or information
  • Engaging in critical debate and argumentation in written work
  • Applying principles of good scholarly practice to your written work
  • Performing appropriate literature searching/business information searching using library databases or other reputable sources
  • Planning a research project and producing a realistic gantt chart demonstrating your intended timelines
  • Synthesising information from appropriate sources
  • Demonstrating rational use of research method tools
  • Selecting and using appropriate investigative and research skills
  • Demonstrating effective project planning skills
  • Finding and evaluating scholarly sources
  • Engaging in critical reasoning, debate and argumentation
  • Demonstrating effective report writing skills
  • Recognising and using resources effectively
  • Successfully managing a project from idea to completion
  • Demonstrating commercial awareness or the impact of knowledge transfer in a business or research environment.


100% Coursework consisting of:
  • Research proposal (10%)
  • Dissertation report (90%)

Optional modules

Institutional Foundations of Capitalism and Entrepreneurship

By studying Institutional Foundations of Capitalism and Entrepreneurship, you will understand the nature the institutions that structure modern market economies. You will appreciate how key institutions interlock together to create circumstances for innovation, entrepreneurship and growth, alonside appreciating the importance of institutional analysis for economic and business policy-making.

This module aims to: provide students with an understanding of the institutions underlying modern market economies and of the institutional conditions that enable finance, innovation and entrepreneurship; introduce students to prominent multi-disciplinary approaches to the analysis of economic institutions; and introduce students to some key methods used for theoretical and empirical research in this area.

Learning outcomes

On completion of this module students should be able to:

  • Explain the general nature of institutions and organizations and their role in modern market economies
  • Describe the particular institutional features of property, markets, finance, corporations and states, and their functions in modern market economies
  • Compare and contrast the diverse and uneven evolution of these institutions in different countries
  • Critically evaluate some prominent but different approaches to the analysis of economic institutions
  • Identify the drivers of economic and business activity in modern market economies
  • Summarise the key roles of different institutions in modern market economies
  • Critically evaluate different theoretical approaches in the area
  • Grasp abstract concepts and deploy them in complex empirical circumstances
  • Develop some capacity for interdisciplinary research
  • Critically evaluate theories and methods used to analyse economic and business activity.


Assessment consists of 100% coursework, broken down into two assignments (3,000 words in total).

The BRICS and the Changing World Order

This module will investigate the rise of Brazil, Russia, India, China and South Africa ("The BRICS") at the turn of the 21st century, and explore how their development has come to challenge the Western-led order in world politics. The module will focus on each of the five BRICS countries, and investigate how the evolution of their domestic and foreign policies has influenced their rise in world politics. An emphasis will be put on foreign policy and diplomacy, together with the tools, capabilities or resources employed by the BRICS in order to project their power in world politics.

Simultaneously, the module will engage with different interpretations of power in world politics, drawing on various theories of international relations. This allows the module to probe into the rise of the BRICS in influencing power shifts in world politics. In broader terms, the module evaluates various policy consequences of emerging power shifts and the (potential) responses of the BRICS and the West.

Learning Outcomes

On completion of this module you should be able to:
  • Summarise and explain the main aspects of the rise of the BRICS since the beginning of the 1990s
  • Identify appropriate sources pertaining to the BRICS and their external relations
  • Link and relate theoretical concepts from international relations and political economy to the empirical analysis of power in world politics, and particularly the role of the BRICS
  • Select, synthesise and critically assess academic and policy texts
  • Devise policy solutions and recommendations for policymakers in the BRICS countries
  • Translate academic knowledge into policy relevant work
  • Formulate research questions and research strategies for studying the role changing nature of the world order
  • Apply scholarship to communicate research findings to practitioner audience.


  • Individual Essay (50%)
  • Individual Policy Report (50%)

Future career prospects

This programme is suited to individuals who are looking to develop expertise in international management with knowledge of the issues facing economies that are in transition and are becoming increasingly integrated into the global economy.

Your personal development

The careers and employability support on offer at Loughborough University London and has been carefully designed to give you the best possible chance of securing your dream role. 
Loughborough University London is the first of its kind to develop a suite of careers-focused activities and support that is positioned as the underpinning of every student’s programme. Opportunities include employability assessments, group projects set by a real businesses and organisations, company site visits and organisation-based dissertation opportunities. 


Modules are assessed by a combination of essays, group exercises, presentations, oral assessments and time constrained assignments. Subject to your choices, there may also be exams. Take a look at our modules to see the type of assessments you can expect to undertake.

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