1+1 MasterClass Accra: From the World’s Poorest Country to One of the Global Advanced Economies (2024)

1+1 MasterClass Accra: From the World’s Poorest Country to One of the Global Advanced Economies (1)

We cordially invite you to attend our exclusive 1+1 Lecture MasterClass on the topic “From the World’s Poorest Country to One of the Global Advanced Economies” in Accra on May 30, 2024.

Join CEIBS Assistant Professor of Strategy, Changhyun Kim, as he takes us on a journey to understand how South Korea moved from being one of the world’s poorest countries to one of the global advanced economies, and the lessons for developing countries like Ghana.

About the Speaker

1+1 MasterClass Accra: From the World’s Poorest Country to One of the Global Advanced Economies (2)

Dr. Changhyun Kim
Assistant Professor of Strategy, CEIBS

Dr. Chang Hyun Kim is an Assistant Professor of Strategy at CEIBS. Prior to joining CEIBS, Dr. Kim was an Assistant Professor of Strategic Management of Lee Kong Chian School of Business at Singapore Management University.

Dr. Chang Hyun Kim received his Ph.D. and Master in Business Administration at University of North Carolina Chapel Hill in 2014 and 2009 respectively. He also holds a Master and Bachelor degree in B.A from Yonsei University. His research interests mainly concentrate on corporate governance, innovation and knowledge management. Dr. Kim’s teaching interests focus on strategic management, corporate strategy, and global strategy. In addition, Dr. Kim also has substantial working experience as a consultant and senior managers at LG Economic Research Institute and LG Corporation, respectively.

Dr. Chang Hyun Kim serves as the editorial review board member at Strategic Management Journal. He published papers in Strategic Management Journal, Strategic Entrepreneurship Journal and Corporate Governance: An International Review.

Dr. Chang Hyun Kim was also awarded the First Prize in the 3rd Shanghai MBA Case Teaching Competition held in 2019.

Who should attend?

Friends of CEIBS, alumni and professionals who are interested in enroling in our MBA, Global EMBA, AMP, ODP or Women Entrepreneurship and Leadership for Africa (WELA) programmes.

Event Details

Date: May 30, 2024
Time: 18:00 – 20:00 GMT
Location: CEIBS Africa Campus, East Legon
Language: English

About the Event

South Korea, one of the Four Asian Tigers (together with Singapore, Hong-Kong, Taiwan), underwent rapid industrialization and developed into one of advanced economies. While Singapore and Hong-Kong became world-leading financial and business service centres, Korea became one of world leaders in fast-moving technology sectors, such as semi-conductor, display, rechargeable battery and automobile. During this phenomenal economic success, major Korean firms, such as Samsung, Hyundai, and LG, transformed themselves from regional dark horses to global champions in multiple industries. Their unique ownership and governance structures are called Chaebol (財閥), a form of Conglomerate. The Chaebols have taken a strategy of (fast) followers rather than first mover or original creator. By leveraging their diversified business structure and centralized decision-making style, Chaebols have overcome the typical weaknesses of followers such as time compression diseconomies and uncertainty in strategic investments. As Chinese firms emerge and develop, however, traditional (fast) follower strategy reveals its own limitations too. Chaebols are exploring diverse new paths for sustainable growth in the future.

Recently, as these explorative moves are undertaken by the Chaebol, a new breed of Korean companies has emerged in soft sectors such as entertainment and beauty industry. Unlike traditional Chaebol, they have taken a strategy of being the first mover, and part of their innovation consists of shaping a new set of rules. Rather than adapting to the set of consumer perceptions shaped by western companies, those firms reshape consumers’ perceptions on culture and beauty. That trend is driven by the wave called ‘Hanryu (韓流)’ which refers to the growing popularity of South Korean Culture such as Korean Movies, TV dramas/soaps, and musicians in China and Southeast Asia. While entertainment industries are the initial engines of Hanryu, Korean beauty or food/beverage sectors widen the breadth and reinforce the depth of the Hanryu.


17:00-18:00 Registration
18:00-20:00 Exclusive masterclass by Dr. Changhyun Kim
20:00 Networking

What is 1+1?

CEIBS launched the 1+1 Project in 2017, a series of lectures or masterclasses hosted by leading faculty across continents. The audience for these invitation-only lectures comprises our alumni and friends of CEIBS. Each participant is encouraged to bring a ‘plus one’ who is also a qualified prospect for our MBA or Global EMBA, AMP, ODP or Women Entrepreneurship and Leadership for Africa (WELA) programmes.

The core objectives of the 1+1 series are to further strengthen engagement with our international alumni and also provide attendees with the opportunity to play their part in helping to shape the future student bodies at CEIBS.

Click here to register online!

1+1 MasterClass Accra: From the World’s Poorest Country to One of the Global Advanced Economies (2024)


What is the 1 poorest country in the world? ›

South Sudan

Is Ghana part of the poorest countries in the world? ›

Around 24.2% of the national population lives below the poverty line. Ghana ranks 140 out of 189 countries on the Human Development Index (HDI) of the United Nations Development Programme (UNDP). Inequalities between women and men also continue to be very high.

What's the poorest place in the US? ›

Poverty rates were highest in the states of New Mexico (18.2%), Mississippi (17.8%), Louisiana (16.9%), Arkansas (15.9%), Kentucky (15.8%), Oklahoma (15.8%), and West Virginia (15.6%) and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%).

What is the poorest state in the US? ›

Mississippi is the poorest state in the US, with a poverty rate of 18.7%.

Is Accra Ghana poor? ›

In AMA, 11.1 per cent of the population live in multidimensional poverty and the average intensity of poverty is 43.9 per cent. This means that in AMA the Multidimensional Poverty Index is estimated to be 0.049.

How poor is Ghana as a country? ›

As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. Ghana poverty rate for 2022 was 0.00%, a 0% increase from 2021. Ghana poverty rate for 2021 was 0.00%, a 0% increase from 2020.

Is Ghana safe for white tourists? ›

Country summary: Violent crimes, such as carjacking and street mugging, do occur. These crimes often happen at night and in isolated locations. Exercise increased caution specifically due to crime: In urban areas and crowded markets.

What is the safest country in Africa? ›

Which African Country is Safest? As per the Global Peace Index, Mauritius tops the list as the safest African country. Its mix of stable government, low crime rate, and island beauty make it particularly appealing.

What's the richest African country? ›

It is Nigeria, a country in West Africa, which stands out as the most powerful economy on the continent. With a GDP estimated at $477 billion in 2022, Nigeria is at the top of the ranking of the richest African countries, ahead of Egypt and South Africa.

What is the biggest religion in Africa? ›

Christianity is the most widely practiced religions along with Islam and is the largest religion in Sub-Saharan Africa. Several syncretistic and messianic sects have formed throughout much of the continent, including the Nazareth Baptist Church in South Africa and the Aladura churches in Nigeria.

Where is poverty worst in Africa? ›

The problem is worst in Africa's rapidly growing cities, such as Cairo, Lagos and Kinshasa. Colonialism concentrated on connecting the coast with internal territories. As such, nearly none of Africa's roads and railways connect with each other in any meaningful way.

Where is poverty at its worst? ›

Percentage of population living on less than $2.15, $3.65 and $6.85 a day
Congo, Dem. Rep.69.9%97.4%
92 more rows

Which country handles poverty the worst? ›

The vast majority of those in extreme poverty reside in South Asia and Sub-Saharan Africa. As of 2018, it is estimated that the country with the most people living in extreme poverty is Nigeria, at 86 million. In the past, the vast majority of the world population lived in conditions of extreme poverty.

What is the top 10 richest country? ›

The top 10 richest countries in the world by GDP per capita are as follows:
  • Switzerland.
  • Norway.
  • Singapore.
  • Iceland.
  • Qatar.
  • United States.
  • Denmark.
  • Macao SAR.
Apr 10, 2024

What is the world's richest country? ›

Using the first metric, Switzerland is the richest country in the world at an average per-capita wealth of around $685,000, followed by Luxembourg and the United States.

How poor is North Korea? ›

Poverty in North Korea has also been attributed to poor governance by the regime. It is estimated that 60% of the total population of North Korea live below the poverty line in 2020.

Is Vietnam a rich or poor country? ›

The economy of Vietnam is a developing mixed socialist-oriented market economy. It is the 35th-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.

Top Articles
Latest Posts
Article information

Author: Reed Wilderman

Last Updated:

Views: 6199

Rating: 4.1 / 5 (52 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Reed Wilderman

Birthday: 1992-06-14

Address: 998 Estell Village, Lake Oscarberg, SD 48713-6877

Phone: +21813267449721

Job: Technology Engineer

Hobby: Swimming, Do it yourself, Beekeeping, Lapidary, Cosplaying, Hiking, Graffiti

Introduction: My name is Reed Wilderman, I am a faithful, bright, lucky, adventurous, lively, rich, vast person who loves writing and wants to share my knowledge and understanding with you.