Track #2 Business History & Industry Policy Studies

The core driving forces of today’s globalised economy are enterprise and innovation. Business history is one of the most powerful approaches to explain the dynamics of firms, industries, local, national and global economies and transformation of societies. Business history is not just about studying the past, but about how knowledge of the past shapes our understanding of the present and sets our expectations for the future. In other words, history is the most insightful source for strategy and policy making. It also provides a framework by which the limits and effectiveness of generalisation and theorisation are set. Hence, in this module, we bridge historical study and a wide variety of social sciences.



The objective of the track #2 is to nurture a comprehensive capability to contextualize the significance of actors, events, and institutions in the past and present systematically.

Area of Study

The track #2 covers a wide array of disciplines based on the historical approach, such as Business History,
Socio-economic History, and History of Economic Thought. Since the beginning of the 21st century, there has been a growing call for integration of history into organisation
studies, along with repercussions in the related disciplines of strategy, entrepreneurship, international business and a variety of policy studies. Thus, this track combines history and organisational studies including management.

Learning Goals

While mastering the essential analytical tools of Business History and Industry Policy studies, students are also expected to learn the basic approaches used in the foundational disciplines of Economics, Management, and History. On completion of the track #2 they should have acquired:
• Capability to understand and apply basic concepts of broadly defined social science, especially Management and Economics.
• Skills to position individual cases in wider social and historical contexts.
• Capability to use historical research methods and case studies.
• Capability to understand time- and location-specific actors, events and institutions from comparative perspective.

Ongoing/Completed PhD and Completed Master’s Research Projects

     ・Development of small & medium enterprise (SME) policy in Indonesia
     ・Creating Shared Values in Japanese Automotive Industry
     ・The Role of Technological Change in Green Growth for Sustainable Business Development
     ・The Evolving Diversity of Corporate Systems:
         A Comparative Study on the Toyota Group and the Hundai Motor Group
     ・The Dynamics of State-Owned Enterprise (SOE):
         A Case Study of Johor Corporation Malaysia, 1970-2014

Voices from Guest Professor & Students

Dr. Ben Wubs

(Professor, Erasmus University Rotterdam, The Netherlands)

Course Title: International Business and Nation States


Multinationals and their role in the process of globalization have attracted a great deal of attention. The origins of modern multinationals lay in the second half of the 19th century. The growth of large scale, mainly industrial multinationals, concurred with the emergence of the first global economy. World War I was a turning point in the development of international business and its relation with nation states, yet multinationals continued to expand during the 1920s and 1930s. After World War II multinationals began to play a key role in the world economy, and became the main drivers of globalization in the last decades of the 20th Century. This course focuses on the constantly changing relations between multinationals and nation states.

International Exchange and Double Degree Programme – The University of Glasgow, UK


Master’s students who participated in the track #2 will be encouraged to take an exchange programme (MSc in Global Economy) at the University of Glasgow. Doctoral students who participate in the track #2 can apply for the Double Degree Programme with the University of Glasgow.

  • This programme is designed to provide students with in-depth knowledge of different aspects of economic and business policy issues, based on the foundational disciplines of economics, management, history, law and political science.
  • The aim of this programme is to raise students with practical knowledge and analytical skills in a broad overview of economic and business policy issues.