The Web journal will be published three times a year and will be stocked with "rigorous thinking, creative ideas and innovative proposals to improve the competitiveness and governability of companies and governments in an increasingly globalized world."

"Georgetown University is the best partner we could possibly have for this project, since we share the same goal which is to improve cooperation and dialogue among cultures and countries," said Universia President Emilio Botín said in a press release.

The journal will be available in English, Spanish and Portuguese. It's inaugural issue features articles on topics including tax reform; budget surpluses and deficits; and multinationals in Latin America.

Jose Maria Azner, former prime minister of Spain; Roberto Danino, former prime minister of Peru; Vicente Fox, former president of Mexico; and others were scheduled to attend the journal's unveiling.