Penn State Smeal College of Business
Business Building
475 Shortlidge Rd
University Park, PA 16802

Professor
Program Chair
Dr. Fariborz Ghadar is the William A. Schreyer Professor of Global Management, Policies and Planning and former director of the Center for Global Business Studies in the Smeal College of Business at Penn State. He has a wide range of research interests and specialties, including immigration; cryptocurrency; energy and sustainability; international finance and banking; global economic assessment; global corporate strategy and implementation; supply chain and emerging markets. Ghadar recently authored a book on immigration titled: “The Danger of Devaluing Immigrants: Impacts on the U.S. Economy and Society,” published November 2022. This book is a culmination of two years of in-depth research on some of the United States’ most successful immigrants and is a follow-up to his previous book titled, “Becoming American: Why Immigration Is Good for Our Nation’s Future,” published in 2014. Additionally, Fariborz is the author of over 15 books on global economic topics, including the release of “Global Tectonics: What Every Business Needs to Know,” “Financing Growth in Developing Economies,” “New Information Technology and Its Impact on Global Business Management,” and an updated version of “Global Tectonics Revisited” which more accurately reflects the current and future global business environment. Dr. Ghadar has been quoted in internationally circulated publications, such as the Harvard Business Review, the Wall Street Journal, the Financial Times, The Washington Post, USA Today, and the Christian Science Monitor. He has also been a featured speaker and interviewee on major television networks as well as on the business broadcasts of CNN, CNBC, and the Nightly Business Report. He received his BA and MS in Mechanical Engineering from MIT and his MBA and Doctorate from the Harvard Business School.
International Finance and Banking, Immigration, Cryptocurrency, Energy and Sustainability, Global Corporate Strategy and Implementation, Global Oil Industry past, present and future, and Supply Chain and Emerging Markets.
Ph D in International Business, Harvard University, Harvard Business School, Cambridge MA, 1976-01-01 MBA in Business Administration, Harvard University, Harvard Business School, Cambridge MA, 1972-01-01 MS in Mechanical Engineering, Massachusetts Institute of Technology, Cambridge, MA, 1970-01-01 BS in Biomedical Engineering, Massachusetts Institute of Technology, Cambridge, MA, 1969-01-01 BS in Chemical Engineering, Massachusetts Institute of Technology, Cambridge, MA, 1968-01-01
B A 535 – Global Perspectives
An overview of the global business environment.
BA 596 – Individual Studies
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
FIN 555 – Global Finance
This course provides a broad exploration of international finance in the context of how a corporate strategic manager analyzes the complexities of international financial markets. In particular, the course develops a tool-kit of techniques to a) understand global market interconnectivity, b) value international financial instruments and c) analyze risk, hedging, and asset pricing strategies to secure strategic competitive advantage. Building on these insights students will gain a deep understanding of exchange rates, risk management, forecasting, and international capital flows. More specifically students will study foreign exchange markets, hedging strategies using forward and future instruments, purchasing power parity, the eurocurrency market, international portfolio management, and the overall financial management of the international firm. Students will recognize, identify and apply the following core international finance concepts and analytical strategy tools: 1. The economics of foreign trade, the Law of One Price, and Purchasing Power Parity 2. The mechanism of Capital Flows and the effect on a countryÀs "current account" vs. its "capital account"3. The foreign exchange market and its influence on the pricing of tradeable goods 4. How exchange rates affect consumers vs. manufacturers of tradeable goods 5. How interest rates are determined, inflation forecasting, and how interest rate expectations influence strategic decision-making for both the firm and the individual market actor. 6. How financial instruments such as forwards, futures, swaps, and options mitigate risk and reduce earnings uncertainty 7. How to build and manage a diversified international portfolio which maximizes return relative to a multinational corporationÀs specific risk profile.
FIN 555 – Global Finance-New Horizons
The course deals with the analysis of problems in international business finance and the impact of evolving international payment systems on business. The focus will be on how decisions about financial management are and should be made in the modern multinational enterprise. The impact that these decisions have on the worldwide allocation of economic resources and distribution of wealth will be assessed. Other topics of discussion include: what are the financial risks inherent in these decisions? What role can new financial instruments play in the management of these risks?
FIN 855 – Global Finance
This course provides a broad exploration of international finance in the context of how a corporate strategic manager analyzes the complexities of international financial markets. In particular, the course develops a tool-kit of techniques to a) understand global market interconnectivity, b) value international financial instruments and c) analyze risk, hedging, and asset pricing strategies to secure strategic competitive advantage. Building on these insights students will gain a deep understanding of exchange rates, risk management, forecasting, and international capital flows. More specifically students will study foreign exchange markets, hedging strategies using forward and future instruments, purchasing power parity, the eurocurrency market, international portfolio management, and the overall financial management of the international firm. Students will recognize, identify and apply the following core international finance concepts and analytical strategy tools: 1. The economics of foreign trade, the Law of One Price, and Purchasing Power Parity 2. The mechanism of Capital Flows and the effect on a country's "current account" vs. its "capital account"3. The foreign exchange market and its influence on the pricing of tradeable goods 4. How exchange rates affect consumers vs. manufacturers of tradeable goods 5. How interest rates are determined, inflation forecasting, and how interest rate expectations influence strategic decision-making for both the firm and the individual market actor. 6. How financial instruments such as forwards, futures, swaps, and options mitigate risk and reduce earnings uncertainty 7. How to build and manage a diversified international portfolio which maximizes return relative to a multinational corporation's specific risk profile.
FIN 855 – Global Finance- New Horizons
Analyze international business finance problems, impact of evolving inter- national payment systems on business, financial management in modern multi- national enterprise.
I B 555 – Global Finance
Analyze international business finance problems, impact of evolving inter- national payment systems on business, financial management in modern multi- national enterprise.
IB 555 – Global Finance
This course provides a broad exploration of international finance in the context of how a corporate strategic manager analyzes the complexities of international financial markets. In particular, the course develops a tool-kit of techniques to a) understand global market interconnectivity, b) value international financial instruments and c) analyze risk, hedging, and asset pricing strategies to secure strategic competitive advantage. Building on these insights students will gain a deep understanding of exchange rates, risk management, forecasting, and international capital flows. More specifically students will study foreign exchange markets, hedging strategies using forward and future instruments, purchasing power parity, the eurocurrency market, international portfolio management, and the overall financial management of the international firm. Students will recognize, identify and apply the following core international finance concepts and analytical strategy tools: 1. The economics of foreign trade, the Law of One Price, and Purchasing Power Parity 2. The mechanism of Capital Flows and the effect on a countryÀs "current account" vs. its "capital account"3. The foreign exchange market and its influence on the pricing of tradeable goods 4. How exchange rates affect consumers vs. manufacturers of tradeable goods 5. How interest rates are determined, inflation forecasting, and how interest rate expectations influence strategic decision-making for both the firm and the individual market actor. 6. How financial instruments such as forwards, futures, swaps, and options mitigate risk and reduce earnings uncertainty 7. How to build and manage a diversified international portfolio which maximizes return relative to a multinational corporationÀs specific risk profile.
MGMT 561 – GLOBAL STRAT & ORG
This course focuses on the "strategic" challenges facing the multinational firm. The types of questions that we address are: Why do firms go abroad? What differentiates a "global" from a "multi-domestic" industry? What are the sources of competitive advantage in a global context? Why and when do/should companies engage in cross-border strategic alliances? What are the associated risks and how to guard against them? What potential roles can foreign subsidiaries play in an MNC's global strategy? How do companies choose an optimal global structure? How do companies ensure coordination between the center and the subsidiaries and among subsidiaries? How do companies manage strategic change from one type of global strategy to another?
MGMT 561 – Global Strategy and Organization
Course focuses on three major aspects of international business: competitive strategy, organization design, and management processes.
MGMT 861 – GLOBAL STRAT & ORG
This course focuses on the "strategic" challenges facing the multinational firm. The types of questions that we address are: Why do firms go abroad? What differentiates a "global" from a "multi-domestic" industry? What are the sources of competitive advantage in a global context? Why and when do/should companies engage in cross-border strategic alliances? What are the associated risks and how to guard against them? What potential roles can foreign subsidiaries play in an MNC's global strategy? How do companies choose an optimal global structure? How do companies ensure coordination between the center and the subsidiaries and among subsidiaries? How do companies manage strategic change from one type of global strategy to another?
MGMT 861 – Global Strategy and Organization
This course focuses on the "strategic" challenges facing the multinational firm. The types of questions that we address are: Why do firms go abroad? What differentiates a "global" from a "multi-domestic" industry? What are the sources of competitive advantage in a global context? Why and when do/should companies engage in cross-border strategic alliances? What are the associated risks and how to guard against them? What potential roles can foreign subsidiaries play in an MNC's global strategy? How do companies choose an optimal global structure? How do companies ensure coordination between the center and the subsidiaries and among subsidiaries? How do companies manage strategic change from one type of global strategy to another?
Ghadar F. "A debt ceiling default will pose big problems for PA" 2023-05-21
Ghadar F. "President Bendapudi named recipient of Immigrant Achievement Award" PSU News – University Park, PA, 2023-04-28
Ghadar F. "In wake of the Silicon Valley Bank collapse, efforts to ease concerns run in central Pennsylvania" 2023-01-01
Ghadar F. "The Danger of Devaluing Immigrants, Impacts on the U.S. Economy and Society" 2022-11-01
Ghadar F. "Beijing raises the stakes with Iran deal" 2021-04-01
Ghadar F. "Smeal's Ghadar gives University's largest #GivingTuesday gift" PSU.EDU, 2019-01-19
Ghadar F. "Foreign Students Sour on America, Jeopardizing a $39 Billion Industry" Bloomberg.com, 2019-01-17
Ghadar F. "Turkey's New Debt Problem" NPR Marketplace, 2018-08-04
Ghadar F. "Can the Yuan Help Retailers as the Trade War Engulfs Fashion?" Womens Ware Daily, 2018-07-18
Ghadar F. "Why European business my try to skirt U.S. Sanctions on Iran" NPR Marketplace, 2018-05-09
Ghadar F. "Here's how to transition truckers to the age of self-driving vehicles ~ Opinion Piece" PennLive.com, 2018-03-03
Ghadar F. "How-shrinking families will shape America" Innovation Hub, 2017-07-01
Ghadar F. "Who Will Win The Oil Wars? U.S. Shale, OPEC or Consumers?" Investor's Business Daily, 2017-06-02
Ghadar F. "To Stay in Shape, Just Add Squash" Wall Street Journal, 2017-03-25
Ghadar F. "For Undocumented Immigrants, Simply Existing Has Become a Crime" HuffingtonPost.com, 2016-04-01
Ghadar F. "Immigration is a Win-Win Economic Strategy" HuffingtonPost.com, 2016-04-01
Ghadar F. "Welcome to America: Why Immigration Matters for Business" Risk Management Magazine, 2016-04-01
Ghadar F. "Look For Gas Prices to Increase Soon" Philly.com, 2016-03-01
Ghadar F. "Obama's Nuclear Deal Sparkes Iranian Mini-Revolution" HuffingtonPost.com, 2016-03-01
Ghadar F. "Beneath the Surface, Iranian Elections Show Progressive Populace is Heard" OpEdNews.com, 2016-02-01
Ghadar F. "Oil produces agree to limit production- not really" MarketPlace.org, 2016-02-01
Ghadar F. "For Congress, Iranian-Americans Just aren't American enough" PennLive.com, 2016-01-01
Ghadar F. "Steep drop in crude prices poses challenge to natural gas industry" Center County Gazette, 2016-01-01
Ghadar F. "Where in the World Will Your Customers Be?" Inside Supply Management, 2016-01-01
Ghadar F. "Grey Zones of Europe" OpEdNews, 2015-12-01
Ghadar F. "It's Time for the IMF to Recognize the Importance of Yuan" OpEdNews, 2015-11-01
Ghadar F. "Emerging Clusters Take Up The Technology Challenge" AreaDevelopment online, 2015-09-01
Ghadar F. "Immigration and the Pope- What is the Issue?" OpEdNews, 2015-09-01
Ghadar F. "What Does Being a World-Power Have to do with Character?" OpEdNews, 2015-09-01
Ghadar F. "Exports From The Valley Are At An All-Time High" Of the Morning Call, 2015-08-01
Ghadar F. "Promise, Risk Await Post-Sanction Iran" Marketplace, 2015-07-01
Ghadar F. "The GOP Can't Let The Donalds 2016 Ambitions Trump it's Own" PennLive Op-Ed, 2015-07-01
Ghadar F. "OPEC Eyes New Normal as U.S. Shale Firms Hang Tough" Investor's Business Daily, 2015-06-01
Ghadar F. "5 Reasons To Add Tunisian Olive Oil To Your Shopping List!" Zester Daily, 2015-05-01
Ghadar F. "Other Cities Should Follow NYC Municipal Identification Card Program" Huffington Post, 2015-05-01
Ghadar F. "Why Financial Inclusion Depends on Lending" Profit Magazine, 2015-05-01
Ghadar F. "If We Don't Reform, Can We Still Be Called The Land Of Opportunity?" Huffington Post, 2015-04-01
Ghadar F. "Here's one way to attract the best and brightest to the U.S.- and keep them here" Pennlive.com, 2015-03-01
Ghadar F. "No Conspiracy When It Comes to Saudi Arabia Oil Price Plummets" Oil & Gas Monitor, 2015-03-01
Ghadar F. "Strong Dollar Hurting U.S. Steel Mills as Imports Flood Market" Bloomberg News, 2015-03-01
Ghadar F. "The LIttle Hybrid might still be the right choice." Wilkes Baree Times-Leader, 2015-03-01
Ghadar F. "China Premiere Lays Out Economic Reform Plan" Women's Wear Daily, 2015-01-01
Ghadar F. "Does it cost more to keep unauthorized immigrants in the U.S. or deport them?" Fortune.com, 2015-01-01
Ghadar F. "Saudi Sussession Stirs Oil Markets, but Stability Expected" U.S. News & World Report, 2015-01-01
Ghadar F., Loughran K. "Knowledge Dissemination" Industrial Management Magazine, 2014-11-01
Ghadar F. "Becoming American- The Immigrant Story" RealClear Radio Hour, 2014-09-01
Ghadar F., Peterston E. "Global Tectonics: What Every Business Needs to Know - Revisited" September 2014, 2014-09-01
Ghadar F., Loughran K. "Urbanization" Industrial Management Magazine, 2014-09-01
Ghadar F. "Economic ramifications of our increasingly aging world" Voice of America, 2014-08-01
Fatehi K., Ghadar F. "A Measure of International Managers' Mindset" ACADEMIA, vol. 24, 2014-07-01
Ghadar F. "Becoming American- The Immigrant Story" MIT-Alum Books Podcast: Becoming American, 2014-07-01
Ghadar F. "Becoming American- The Immigrant Story" Live talk show "Fresh Outlook", 2014-06-01
Ghadar F., Loughran K. "Population Trends" Industrial Management Magazine, 2014-06-01
Ghadar F., Loughran K. "Information Technology" Industrial Management Magazine, 2014-05-01
Ghadar F. "Becoming American: Why Immigration is Good for our Nation's Future" March 2014, 2014-03-10
Ghadar F., Loughran K. "Nanotechnology" Industrial Management Magazine, 2014-03-01
Ghadar F., Fong H. "Biotechnology" Industrial Management Magazine, 2014-01-01
Ghadar F. "The chalice that helped make possible the Iran nuclear deal" Los Angeles Times, 2013-11-30
Ghadar F. "It Is Time to Reassess Our Long-Term Alliances in the Middle East?" DefenceOne, 2013-11-11
Ghadar F. "Budget and debt level issues" 2013-10-17
Ghadar F. "Iran Nuclear Talks: Why there's room to strike a deal" CNN Opinion, 2013-10-01
Ghadar F. "A China Syndrom?" Oil/Gas Monitor, 2013-07-15
Ghadar F. "Who Wins if Immigration Passes?" MSN Money Magazine, 2013-07-02
Ghadar F. "Better U.S. Immigration Policy would help midstate, analysts say" Central Penn Business Journal, 2013-03-22
Ghadar F. "Dispel the Immigration Myths" CNN, 2012-12-01
Ghadar F. "Global Economic Slowdown and its Impact on Key Sectors" Marketplace Radio (NPR), 2012-09-01
Ghadar F. "The Effects of Population Growth on Supply Chain Management" Inside Supply Management, 2012-08-01
Ghadar F., Sviokla J., Stephan D. "Why Life Science Needs its Own Silicon Valley" Harvard Business Review, 2012-08-01
Ghadar F., Fatehi K. "Integrative Geocentric Mindset of Multinational Company Managers" International Journal of Commerce and Management, 2012-07-01
Ghadar F. "Tehran Stands at a Crossroads: Iran's Political Future Is Uncertain, but as the Government Starts to Phase out Subsidies and with US Sanctions Beginning to Bite, Ahmedinejad Could Soon Find H" MEED Middle East Economic Digest, 2012-07-01
Ghadar F. "Tit for Tat: Dealing with Iran" Center for Strategic & International Studies, 2012-02-29
Ghadar F. "Oil Supply Concerns Trump Sagging Demand" Resource Investing News, 2012-01-23
Ghadar F. "Oil Price Spike from Iran Sanctions Seems Unlikely" CNNMoney.com, 2012-01-05
Ghadar F. "Obama and Jobs Council will visit here" Pittsburgh Post-Gazette, 2011-10-11
Ghadar F. "Could President Trump fix America?" Money.MSN.com, 2011-05-11
Ghadar F. "Voice of America (Money in Motion)" Global Tectonics -book review, 2011-05-11
Ghadar F. "Central Penn Business Journal" Riding it out. Fuel spikes drive pricing concerns, 2011-05-06
Ghadar F. ""It's the Economy, Stupid." Trials and Tribulations of the Iranian Economy" 2011-04-30
Ghadar F. "The Atlantic" Will Fukushima Force Iran to Reconsider Nuclear Program?, 2011-04-01
Ghadar F. "The Hill's Congress Blog" Iran's Crisis Amid Middle East Turmoil, 2011-02-14
Ghadar F. "Renminbi Dispute Looks Set to Haunt Sino-U.S. Economic Talks" Financial Times, 2010-09-03
Ghadar F. "Behind Iran's Crackdown an Economic Coup" Current History: A Journal of Contemporary World Affairs, 2010-01-01
Ghadar F. "The Struggle over Sanctions on Iranian Oil and Gas" Garten Rothkoph, 2010-01-01
Ghadar F. "Iran's Gas Swells Economic Frustration" Jane's Islamic Affairs Analyst, 2009-05-01