Hbr.org/2013/10/seven-reasons-why-africas-time-is-now, by Jonathan Berman
Hbr.org/2013/10/seven-reasons-why-africas-time-is-now, by Jonathan Berman
Andrew Delbanco, Director of American Studies at Columbia University ( www.columbia.edu/cu/amstudies ), is the author of College: What it Was, Is, and Should Be (Princeton University Press (March 20, 2012) (Finalist for the 2012 Book of the Year Award in Education).
The Center for American Studies offers students the opportunity to explore the experience and values of the people of the United States as embodied in their history, literature, politics, art, and other enduring forms of cultural expression.
Andrew Delbanco for his insight into the American character, past and present. He has been called “America’s best social critic” for his essays on current issues and higher education. As a professor in American studies, he reveals how classics by Melville and Emerson have shaped our history and contemporary life.
It is also true, however, that such training does not provide an adequate foundation for addressing the more abstract, but profoundly important, questions that ultimately must guide global policy and decision-making. For example:
In answering such questions, advances in science and technology (for example, new methods of energy production, surveillance, or online learning) will have a key role to play. But moral and ethical questions never yield fully to technical solutions; they also require an understanding of humanity’s social and cultural heritage. Science can help us to attain the life we want, but it cannot teach us what kind of life is worth wanting...
Jagdish Bhagwati speaks frankly in F&D magazine about international trade, US business lobbies&French culture http://t.co/fZdpZ5TAA9— IMF (@IMFNews) November 27, 2013
DeansTalk, 18 February 2012, Professor Jagdish Bhagwati, Columbia Business School, "Brain-Drain Panic Returns — This Time to Africa"
DeansTalk, 27 December 2011, "In Defense of Globalization", book
Bruce Corman Norbert Greenwald (Wikipedia) is a professor at Columbia University's Graduate School of Business31 Aug 2012. Columbia Business School professors Joseph Stiglitz and Bruce Greenwald discuss co-teaching the EMBA course Globalization, Markets, and the Changing Economic Landscape, while students share their experiences studying with such accomplished — and politically divergent — economic luminaries.
Youtube, 9 May 2013
Sanjay G. Reddy, Associate Professor of Economics at The New York School for Social Research, discusses inequality and globalisation, the ethics of economics and how to determine growth.
Professor Reddy refers to the use of other economic indicators other than GDP (as Porter) and to the report of Commission on the Measurement of Economic Performance and Social Progress (www.stiglitz-sen-fitoussi.fr)
The Institute has partnered with pre-eminent international institutions aligned to its mission with a view to expanding its global community, enhancing dialogue, leveraging networks and creating synergies. In Asia, the Institute’s partners currently include:
Its global partners currently include:
The Institute is also in discussion with the London School of Economics and Political Science with the intention of entering into agreements for specific collaboration and partnerships.
Johnson Graduate School of Management at Cornell University
Academic Council of Fung Global Institute
Open Doors, supported by a grant from the Bureau of Educational and Cultural Affairs at the U.S. Department of State, is a comprehensive information resource on international students and scholars studying or teaching at higher education institutions in the United States, and U.S. students studying abroad for academic credit at their home colleges or universities.
Data from the 2012 Open Doors Report was released on November 12.
Download the 2012 Open Doors Briefing Presentation (2 MB, PDF, 38 pages)
A growing population, increasing shortages of resources, and national economies that are heavily in debt – the world is facing enormous challenges over the coming decades. Business is going to play a key role in solving these problems. “Never before, have companies and society been so closely connected,” says Pierre Tapie, President of the ESSEC Business School.
Together with Keio Business School in Tokyo, the School of Management of Fudan University in Shanghai, ESSEC Business School in France and the Business School of the University of Mannheim, Tuck forged an alliance of leading business schools from all parts of the world. (CouncilOnBusinessAndSociety.com) The alliance has a clear goal: to debate central economic and societal questions of the future, and to develop problem-solving approaches, while embedding them in research and education. More than 200 high-profile professors, business representatives, and students from the home countries of the five alliance partners participated in the first Forum and the focus was on questions that are both current and controversial: How can we best shape corporate governance? How should business leaders deal with the increased scrutiny of corporate actions? And what solutions exist for the tension-laden issue of balancing profitability with responsibility to multiple stakeholders?
These are topics that will have an impact on the education of future managers as well. A study conducted amongst graduate students at the five cooperating business schools shows that future leaders in the United States already regard ethical conduct as one of the most important qualities of a successful top manager. Internationally, this attribute ranks second to competence in financial questions, but ahead of both strategic orientation and the ability to motivate employees...
Jean-Pierre Lehmann, Founding Director, Evian Group at IMD, Lausanne, Switzerland.
Sir, In the catalogue of bad ideas (of which there have been many recently), surely that of a European Union-Japan free trade agreement deserves a gold medal for sheer imbecility (“Brussels to push Japan for trade deal”, July 18)...
In the process, the multilateral trade regime has been dramatically eroded and the WTO negotiations have become an expensive farce – expensive in terms of time, money, environmental footprint (all those needless high-level trade meetings), carbon dioxide emissions (all the hot air generated) and in the costs to global trade governance...
Globalization’s jobs math, June 2012
Over the past three decades, a global labor market has taken shape, spurring a massive movement from “farm to factory” in emerging markets and boosting output and productivity. But today, the strains on this labor force are becoming painfully evident.
The McKinsey Global Institute’s latest report, The world at work: Jobs, pay, and skills for 3.5 billion people (available on mckinsey.com), finds that market forces will fail to resolve demand and supply imbalances for tens of millions of skilled and unskilled workers alike.
In an accompanying video interview, former deputy governor of the Reserve Bank of India Rakesh Mohan highlights some of the challenges facing policy makers and business leaders.d supply imbalances for tens of millions of skilled and unskilled workers alike. In an accompanying video interview, former deputy governor of the Reserve Bank of India Rakesh Mohan highlights some of the challenges facing policy makers and business leaders....
Based on current trends in population, education, and labor demand, the report projects that by 2020 the global economy could face the following hurdles:
Download PDF, 36 pages
The world is bumpy: globalization and new strategies for growth draws on three sources of original research: The 2011 Globalization Survey, an online survey of 992 global business executives conducted for Ernst & Young by the Economist Intelligence Unit; in-depth interviews with senior executives and high-level experts conducted at end- 2011; and data from Ernst & Young’s Globalization Index 2011, which measures the 60 largest countries by GDP according to their degree of globalization.
Jagdish Bhagwati is a Chazen Advisor, Professor of Economics and Law at Columbia University, and Senior Fellow in International Economics at the Council on Foreign Relations. He recently edited, with Gordon Hanson, Skilled Migration Today.
While developed countries are angst-ridden over mostly illegal immigration by unskilled workers from developing countries, a different set of concerns has surfaced in Africa, in particular, over the legal outflow of highly skilled people to developed countries. This outflow is supposedly a new and damaging “brain drain,” with rich countries actively luring away needed skills from poor countries.
This fear is misplaced...
First, stop crying over the fact that the diaspora is not returning home. Instead, nurture the loyalty of professionals settling abroad, so that they assist their home countries in a variety of ways...
...when development has taken off, and conditions have improved sufficiently to attract people back to their homelands, the hugely increased diaspora would indeed return, as they have done in India, South Korea, and China.
A collaboration between Harvard and MIT:
Press "Play" once inside Explore Interactive Visualizations
|"'Complexity' Predicts Nations' Future Growth,"
The Wall Street Journal, October 26, 2011
|"Is ‘complexity’ the key to economic growth?"
The Washington Post, October 26, 2011.
The Economist, October 27, 2011.
|"Harvard economist warns about world economy,"
ABC News (Australia), October 27,2011.
In Defense of Globalization is an important contribution to an often incoherent debate. As we expect from Mr.Bhagwati, it is cogently argued and well written. It sets out a persuasive case in favour of globalization. And because of Mr. Bhagwati’s impeccable credentials, there is a better chance his book will be given a fair hearing than might be the case with some other authors. Put simply, Mr. Bhagwati has “street cred.”
Anne Krueger, The Financial Times
Why globalisation works—and how to make it work better, The Economist, Apr 29th 2004
"An outstandingly effective book.... Until further notice In Defense of Globalization becomes the standard general-interest reference, the intelligent layman's handbook, on global economic integration."
...As you might expect, given the thrust of the author's previous academic and policy work, Mr Bhagwati regards liberal trade—the principal driver of globalisation—as essential to raising the incomes and improving the longer-term development prospects of the world's poor.
The Centre for Economic Policy Research, founded in 1983, is a network of over 750 researchers based mainly in universities throughout Europe, who collaborate through the Centre in research and its dissemination. The Centre's goal is to promote research excellence and policy relevance in European economics. CEPR Research Fellows and Affiliates are based in over 237 different institutions in 28 countries (90% in the EU). Because it draws on such a large network of researchers, CEPR is able to produce a wide range of research which not only addresses key European policy issues, but also reflects a broad spectrum of individual viewpoints and perspectives. CEPR has made key contributions to a wide range of European and global policy issues for over two decades.
How are technology leaders helping their organizations adapt to the accelerating change and complexity that mark today’s competitive and economic landscape? To find out, we spoke in person with 3,018 CIOs, spanning 71 countries and 18 industries. Public and private sector CIOs described both the challenges and opportunities from increasing complexity. They shared how they are innovating with technology for organizational success.
Executive summary PDF 2011 Global CIO Study -- The Essential CIO
Achieving Development Goals through Knowledge Sharing
Switzerland topped the global ranking, followed by Sweden, The Netherlands, the United States, Finland, Singapore, Norway, Canada, the UK, France, Australia, Japan, Malaysia, the Czech Republic, New Zealand, Israel, Slovenia, the Republic of Korea, and Thailand.
Titled "Networks for Prosperity: achieving development goals through knowledge sharing", the report was funded by the Spanish MDG Achievement Fund (MDG-F) (526 million euros so far) as part of a project that aims to establish a global knowledge system for private sector development. The report lays the basis for policy recommendations that will help developing countries acquire and adapt private sector development know-how.
Businessworld, 03 Dec 2011
The next 50 years will be defined by two important trends - both favouring India. The world's population is about 7 billion, of which 5 billion are poor. Companies typically target the 2 billion rich. Over the next 50 years, the projection is that we will have 12 billion people, of which 10 billion will be poor. So, the biggest opportunity for corporations is to convert the poor into a consuming base, so that they become an even bigger opportunity over the next 50 years.
However, you need innovation to serve the poor. I recently wrote a piece on a $300 house for the poor. Once you construct a home, it becomes a reservoir for other products. Apple, for instance, does not sell a single iPhone to the poor. If you could make an iPhone for $5, there is a $25-billion market. Even for a giant like Apple, that's a big revenue opportunity.
The second big trend is sustainability. This planet cannot be sustained if the 5-billion poor turn into consumers...
Wikipedia entry UNCTAD, United Nations Conference on Trade and Development
Report of the Secretary-General of UNCTAD to UNCTAD XIII - Development-led globalization: Towards sustainable and inclusive development paths
The key to inclusive development lies in the institutional and policy links which ensure that growth promotes social development, while social development supports economic growth. The Millennium Development Goals (MDGs) (UNDG) have added poverty, employment and social objectives to the international policy agenda, and have indicated the need for a significant scaling-up of resources to finance new investments in social infrastructure and safety nets, along with the formation of new partnerships to accelerate progress on human development. p48
Development with Impact: Innovation and Partnerships, Nov 03, 2011 | By Bill Gates
Development with Impact: Innovation and Partnerships from The Gates Notes
In a report presented to world leaders at the G20 summit in Cannes, France, Bill outlined recommendations to encourage innovation and new partnerships that increase the value and delivery of development aid. Read the report and download a copy (PDF)...
In a packed Leede Arena at the Tuck Investiture Ceremony, Immelt told the MBA candidates to think globally, have the courage to make difficult decisions, be problem solvers, connect with people, and understand context...
external focus, imagination and creativity, decisiveness, clear thinking
Globalization TrendLab 2011: "Global Risk: New Perspectives and Opportunities, (PDF, 42 pages)" April 7-8, 2011.
Page 37 and 38 have a list of the more than 30 scholars and policymakers from around the world who gathered in Philadelphia for a two-day conference.
The financial and economic crisis has heightened everyone’s awareness of systemic risk. Confidence in the ability of decision-makers, policymakers and institutions to handle such risks has been shattered. Psychology, a culture of destructive self-interest, and social processes have also been invoked as part of a complex set of conditions that led to the debacle. In turn, the crisis has accelerated some prevailing demographic, economic, and social trends, including population aging, political tensions, geopolitical instability and environmental degradation, as the focus of attention has unavoidably shifted towards short-term, immediate concerns. The crisis has placed the issue of systemic risk at the top of the global agenda, forcing analysts and policymakers to make a stark distinction between what is important and what is actually urgent.
In this white paper we provide an overview of the causes, consequences, and potential solutions to the problem of risk, focusing on economic and financial aspects, while also paying attention to political, social and environmental risks associated with the crisis and its aftermath. The analysis represents the outcome of a collective, multi-disciplinary effort at understanding risk by a group of more than 30 scholars and policymakers from around the world who gathered in Philadelphia for a two-day conference.
The analysis begins with the conventional explanations of the crisis, further adding political considerations, institutional constraints, psychology, and social processes. This prepares the stage for the assessment of the effectiveness of policy interventions during the crisis which, while averting a massive meltdown, generated a number of additional problems, both short-term and long-term. Failures in global governance and in understanding complex ripple effects are also explored. Risks building up in emerging economies—from financial to political and demographic—are presented as a stark reminder that global instability is punctuated by a growing number of troubled hot spots.
The conference participants identified four action items. First, global governance needs to be enhanced, a task that is not easy as a changing of the guard takes place due to the ascendancy of the emerging economies. Second, regulation must both set parameters for self-regulation and establish a set of cushions, bells and whistles to ameliorate the possibility of further systemic crises. Third, policymakers and scholars ought to adopt a more humble attitude in terms of the extent to which they are able to understand and overcome the complexities posed by crises. And fourth, as people adopt shorter time horizons due to incentives, demographics, politics, and cognitive biases, it is important to remain on the alert for the weaknesses and faults in the global economic, political, and social architecture.
Article of the Financial Times, by Della Bradshaw, July 21, 2011.
The Kellogg school at Northwestern University is to establish a network of hubs on three continents, says Sally Blount, who has been dean at the school for just a year. As well as Chicago, the school is expected to set up two more centres, one of which will be in Asia.
“To be a global player you have to have more than one home,” says Prof Blount...
Article of The New York Times, July 19, 2011.
ATHENS — An emergency meeting of European leaders in Brussels on Thursday to discuss another Greek bailout will decide the future of the euro. If they do what they have done so often since the crisis first began in Greece some 18 months ago, they will simply have kicked the can down the road. Contagion is almost inevitable. A problem that began in the periphery has now moved to the center, and while Spain and Italy have been the most shaken, other nations will almost surely be affected in coming months.
What needs to be done is by now well-known: Issue European bonds, using the collective borrowing power of the European Union, and pass the low interest rates onto the countries in need, combined with a growth strategy that will engender needed revenues...
INSEAD claims to be the quintessential global business school, yet it lacks a permanent home in the U.S. The school's new dean, Dipak Jain, offers his take on the global MBA.
How can any educational institution lay claim to being "the business school for the world" when it lacks a real presence in the U.S., the world's largest single economy?
Includes rankings by variables:
Business Environment - time/cost to start a business
Quality of research institutions
Knowledge - Creation, Impact, Diffusion
Talks about bschool cases, including that of Playboy´s entrance in Indonesia:
Soochow University will soon open a branch campus in Laos, becoming the first Chinese university to establish a campus abroad. How does this development fit into China’s national higher education strategy? What are the likely benefits of the campus for China and for Laos, and how does the initiative fit into current directions of international branch campus development?...
...Soochow University is part of China's 'Project 211', a reform plan to enhance the international position and prestige of Chinese higher education institutions in the world. This aim should be reached by improving institutional capacity of higher education, strengthening science and technology, and by improving the teaching and research infrastructure at selected Chinese universities...
Globalization is the hot topic in management education these days. In the past two years, elite business schools have initiated a slew of programs and partnerships designed to cultivate leaders who can work in cross-cultural environments with ease...
U.S. graduate business schools are losing their iron grip on the thriving market for international M.B.A. students.
At the 25 U.S. graduate-business programs that award the largest numbers of degrees to international students, applications for the 2011 fall semester declined 4%, according to a survey released Tuesday by the Council of Graduate Schools, based in Washington, D.C.
Although international applications to all American business schools rose by 4%, that figure paled in comparison to the 12% growth in international bids to U.S. programs offering degrees in engineering and physical and earth sciences, the survey said...
...This is the view of Paul Danos, dean of Tuck business school in the US.
In terms of curriculum, he says, there has been a massive convergence in recent years. “If you went to a business school in India, America, Europe or Japan you would find that they teach fundamentally the same topics,” he says. There’s no way that an American school would teach only American case studies, and when they are studying entrepreneurialism in Chinese schools they look at Silicon Valley. “Schools want to look at the gold standard, and they don’t care if that is American, Chinese or German.” The fierce market in business schools, plus the global marketplace for faculty, means that if Ghemawat’s ideas are adopted, they will quickly be adopted everywhere.
What you should look for in a good school, then, is not the curriculum, but the way that it is taught. And here, the old schools have a huge advantage – they are rich enough to teach well. Small-group and one-to-one teaching are expensive and “unless you have a ton of money behind you it is hard to set up that sort of school,” Danos says. American schools have been raising money for a hundred years – they run on endowments and fund-raising, they get a lot of money from alumni.
It would take decades for schools in India and China, say, to reach the same level. And even then, would it be worth “duplicating something that is already there” in America and Europe? Even if in twenty years time the American economy is no longer the world’s biggest, so what? “Look at how small Switzerland is, and at the power of Swiss banking,” says Danos. Just because India or China has a growing economy, it doesn’t follow that it is the best place in the world to go for your business education. In fact, we are more likely to see movement in the opposite direction. Newness has sparkle, but oldness has its attractions too. “Globalisation,” says Danos, “goes both ways.”
Julia Johnson, Financial Post Magazine · Tuesday, Mar. 1, 2011
Canadian business schools are responding to student demands for more international experience and learning opportunities. The benefits, however, stretch far beyond this country’s borders
Stephanie Hamilton knew she wanted to get international experience and make global business connections when she was looking for a school to pursue her MBA...
Graduate and undergraduate business programs must do better at making globalization central to the B-school curriculum, the accrediting group says...
Robert Bruner is the dean of the Darden Graduate School of Business at the University of Virginia and co-author of the report, "Globalization of Management Education," AACSB International, 2011. (on BizDeansTalk, "The landmark 300-plus-page report is the most thorough examination of the globalization of management education ever" - Poets & Quants)
New research has revealed a sizable gap between what the business world needs and what business schools provide to their students. What's standing in the way and what can business schools do to step up their game?
We should do better.
What's standing in the way? The need for capital to transform the schools, the talented faculty to implement the transformation. Nationalist or localist cultures. Regulatory barriers to the mobility of institutions, faculty, and students across borders. Restrictions on the freedom of speech and association. Even a lack of sheer imagination.
Given such barriers, one can easily envision a widening variance among schools. Some schools are surmounting the barriers one way or another. The vast majority will not. Much like the widening gap in income between the "haves" and "have nots" in many countries, it is easy to envision a widening competence gap in regard to globalization.
We should worry about this because it should be the mission of business schools to spread the light of global best practices and competencies. The widening gap is antithetical to creating the kind of world in which we enjoy gains from trade, rising standards of living, and even the diplomatic benefits that accrue from strong trading relationships. Even if you don't believe in the internationalist view of joint benefits, education about globalization matters because of the competitive standing of one's country. The recent finger-wagging of my CEO friend probably knows no borders.
Schools should help each other. First, we should hold the bar of excellence high, and perhaps raise it a few notches when it comes to globalization. There is no more powerful force in academia than peer pressure. Schools should share their best practices and capabilities. Finally, we should offer a robust voice to our constituencies -- and especially governments -- to gain the resources needed to produce globally competent and confident graduates.
Every member of the O3b team is passionate about bringing affordable, state-of-the-art broadband services to the 3 billion people who have been denied them for reasons of geography, political instability and economics.
O3b Networks raises total funding of US$1.2 billion, 29 November: 2010
The Chronicle of Higher Education, February 10, 2011
...Robert F. Bruner, dean of the University of Virginia's Darden School of Business here, served as chair of the task force...
Globalization is both the biggest opportunity and the greatest challenge for business schools worldwide as they struggle to keep up with the demand for graduates who can work across countries and cultures, says a report released today.
The 346-page report is the result of a three-year study by a task force of deans and scholars from top business schools worldwide. It offers a critique of the flurry of global activities that business schools have initiated in recent years.
Despite all those efforts, "a frustratingly wide curriculum gap remains alongside large risks of misdirected and incoherent strategies," says the report, issued by AACSB International: the Association to Advance Collegiate Schools of Business.
Poets & Quants "How Global Are B-Schools? Not Very". John A. Bryne.
The landmark 300-plus-page report is the most thorough examination of the globalization of management education ever (see the report’s table of contents here).
Coverage on CNBC "Business Schools on the Threshold of Unprecedented Change Due to Globalization AACSB Task Force Report Addresses the Most Significant Challenge to Business Schools in 50 years"
Demand for U.S. workers who speak foreign languages—especially Spanish and Chinese—should continue to grow over the next decade, but very few workers plan to study them, according to a newly released study by the University of Phoenix Research Institute.
The institute surveyed 511 workers and 419 employers last fall. Workers were asked what skills or degrees they already had or were planning to acquire; employers were asked what skills were in demand or would be in demand in 10 years.
The result: 42% of employers expect business proficiency in Chinese to be in moderate or high demand in a decade; nearly 70% expect Spanish to be in demand.