BUSINESS BRIEFING
All the latest updates from across AMBA’s global network
Ambition ’s latest selection of updates includes research into culturally ingrained gender exploitation, consumers’ shifting attitudes towards everyday items and news of a real-time indicator of inflation expectations. Compiled by Tim Banerjee Dhoul , Ellen Buchan and Colette Doyle
INCAE COMPELLED TO CLOSE ITS DOORS IN NICARAGUA
SCHOOL: Incae Business School COUNTRY: Costa Rica/Nicaragua
community to stand together against “any form of obstruction of education”. Cladea added that it was “essential to remember that the growth of a nation is determined by the quality of the education of its people and, with these recent events, the rights of all individuals to choose quality education and opportunities have been affected. These acts go against our fundamental principles and we must strongly condemn them.” A similar point was raised by Bolaños and Incae dean of strategy and institutional affairs Camelia Ilie Cardoza, in an article in the ReVista: Harvard Review of Latin America : “What worries us most… is the damage done to the development and education of so many young people who could aspire to have higher quality jobs in both public and private institutions in Nicaragua and, at the same time, impact the lives of many other people through their practice of conscious leadership,” they wrote. The move to shut down Incae’s campus in Managua, Nicaragua, follows a similar decision to cancel the legal status and confiscate the campus of Managua’s Universidad Centroamericana, known as ‘La UCA’. TBD
Incae Business School has been forced to cease operations in Nicaragua, following the cancellation of its legal status and confiscation of its campus for alleged administrative irregularities. The dual-campus AMBA-accredited business school established in 1964 remains active from Costa Rica. “Throughout almost 60 years since its foundation, Incae has been faithful to its mission of actively contributing to the sustainable development of Nicaragua and the region,” said Incae rector Enrique Bolaños, in a statement posted on the school’s website. The international management education community has moved to express its support for the school and condemnation of the decision. “The recent developments in Nicaragua undermine academic freedom, discourage international collaboration and are a huge loss not only for the country but also for the whole of Latin America,” AMBA & BGA CEO Andrew Main Wilson wrote in a statement on behalf of the accreditation and membership organisation. A statement by the Latin American Council of Business Schools (Cladea), meanwhile, urged the regional educational
8 | Ambition |
NOVEMBER 2023
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