Aldo Musacchio is an associate professor of Strategy and International Business at IBS and Director of the Brazil and Latin America Initiatives. He is a specialist on strategy and corporate governance in state-owned multinationals; corporate governance in Latin America; BRICS as an economic bloc; economics and policy in Brazil, Mexico, Colombia, Iceland and other countries.
Prof. Musacchio teaches Competition and Strategy and Strategy in Emerging Markets for graduate students and Competitive Strategy for undergraduate students.
His research focuses on the internationalization strategies of state-owned enterprises and the innovation behavior of large multinationals with government financial support. In his book, Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond (Harvard Press, 2014), Prof. Musacchio and his coauthor Sergio G. Lazzarini study the corporate governance reforms of state-owned enterprises around the world and look into the pitfalls of such reforms. In this book Aldo Musacchio and Lazzarini also study the advantages and disadvantages firms get when they receive financial support from their home country governments. Additionally, Prof. Musacchio consults for multilateral agencies such as the OECD and the Inter-American Development Bank on corporate governance reform in state-owned firms. Aldo Musacchio also consults for multinationals expanding into emerging and frontier markets.
Before joining IBS Prof. Aldo Musacchio taught at Harvard Business School, as part of the Business, Government, and International Economy Unit (BGIE). He is also a Faculty Research Fellow at the National Bureau of Economic Research (NBER), in the Development of the American Economy program. Musacchio has a B.A. in economics (with highest honors) from ITAM, in Mexico, and a Ph. D. in Economic History of Latin America from Stanford University.
In 2012, Aldo Musacchio won the Manuel Espinosa Yglesias Prize for his research on foreign banks in Mexico (together with Stephen Haber), was awarded the 2012 Prize for Professional/Academic Meirt by the Alumni Association of ITAM (EX-ITAM) and the European Banking History Association’s Feldman Prize for the best paper by a young scholar. In 2007 he was selected as one of the “30 most promising professionals in their thirties (30 promesas en los treintas)” by Mexican business magazine Expansion. Prof. Musacchio is also a member of the board of trustees of LASPAU: Academic and Professional Programs for the Americas, a nonprofit organization dedicated to advancing higher education in the Americas.