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Yes, MBA programs do provide opportunities to study abroad. There are also programs that are joint programs, etc. with other partner schools. And if that isn't enough, you can always intern at a company abroad.
LSE is an economics school, not an MBA type school. The only offering it has that's similar is that it's part of something called the TRIUM exec MBA with 2 other schools. It's an exec program and not a good one at that anyway.
-Rudey
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