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The 26th Annual Monetary and Trade Conference
The Global Interdependence Center was proud to partner with Drexel University's LeBow College of Business for the 26th Annual Monetary and Trade Conference. The Center assembled a stellar line up of speakers, including noted economists, journalists, and investors. Please view the speeches, media, and commentaries below.
Sincerely,
Ian M. Hartshorn
Program Coordinator
Charles Plosser' speech
William A. Strauss
Can U.S. Manufacturing Compete in a Global Marketplace?
On April 9, 2008 The Global Interdependence Center hosted William Strauss, Senior Economist and Economic Advisor of the Federal Reserve Bank of Chicago. In his presentation, entitled “Is the US Losing its Manufacturing Base?” Strauss argues that manufacturing output in the U.S. has never been higher, and that the most recent decline in manufacturing was cyclical, not structural, with profits in manufacturing outperforming profits for the rest of the nation. Strauss concludes that the trends that have dominated manufacturing for the past 60 years are suggestive of the future for U.S. manufacturing: ever increasing output with employment representing a smaller share of total employment.
Sincerely,
Ian M. Hartshorn
Program Coordinator
William A. Strauss' Powerpoint Presentation
Watch the video of the presentation
General Robert Magnus, The Long War: A Marine Perspective on the Global War on Terrorism
In the interest of expanding our programming to cover the myriad dimensions of interdependence, GIC welcome Gen. Robert Magnus, who gave a talk titled: The Long War: A Marine Perspective on the Global War on Terrorism. Gen. Magnus serves as Assistant Commandant of the United States Marine Corps and has had a distinguished career in military service. General Magnus spoke candidly and lucidly on the trials and success that this conflict has experienced. He spoke to the need for adjusted timelines in light of the influence of culture, politics, and religion, all of which sometimes move at a different pace than armed conflict. In addition, General Magnus spoke of the brave deeds of our armed forces and the many functions they perform in executing their mission. GIC thanks General Magnus and his staff for working with us to make the event possible, as well as GIC member James Kelly for his assistance. GIC was proud to partner once again with PennLauder CIBER to make this event a reality.
Sincerely,
Ian M. Hartshorn
Program Coordinator
The Global Commercial Aviation Market
Dear Friends,
The GIC was proud to welcome a noted business economist, Dr. John Griffiths of Boeing Commercial Airplanes. Dr. Griffiths offered his thoughts on the future of global commercial aviation and the challenges facing the field. He discussed the fact that traffic is growing above the long-term trend, and the ramification this has on his industry. Dr. Griffiths also provided insights into the industry’s views of climate change and the effects of this important issue.
Sincerely,
Ian M. Hartshorn
Program Coordinator
Dr. Yannos Papantoniou The Future of Economic Integration in View of the Enlargement of the European Union
Dear Friends,
It can be argued that there is no higher form of interdependence than the political integration of nation states. This very process has been taking place on the European continent for decades, with an ever quickening pace. GIC has consistently been on the cutting edge of this issue, providing programs on economic and political integration, and the expansion of NATO and the EU. Continuing on this topic, the Center was proud to co-host a breakfast roundtable with LeBow College of Business welcoming Dr. Yannos Papantoniou, Former Minister of Defense and National Economy of Greece. Dr. Papantoniou was one of the architects of Greece’s integration into the European Union and adoption of the Euro. In addition to his work with the Greek economy, he helped to establish the European Defense Agency. Dr. Papantoniou offered his thoughts on the future of European integration, and the ways in which this process may be countered by further expansion. His first hand insights were warmly received.
Sincerely,
Ian M. Hartshorn
Program Coordinator
George Tsetsekos,
Back To School? An MBA and Your Career
Dear Members,
A dedicated group of GIC Emerging Leaders braved some rough roads for a unique opportunity: a one-on-one conversation with a world leader in business education, Dr. George Tsetsekos. As Dean of the LeBow College of Business at Drexel University and a GIC Director, Dr. Tsetsekos advocates passionately for a global approach to business understanding. In this private event, Dr. Tsetsekos and Director of Full-Time Graduate MBA Programs Donna Ferrari spoke candidly about the benefits and opportunities available in business school, as well as Drexel’s own growth as a business school leader. This event was the first of the year for the Emerging Leader’s Committee, chaired by Mary Lou Savarese. This Committee seeks to provide opportunities for GIC’s up and coming members.
Best,
Ian M. Hartshorn
Program Manager
The Honorable Marjorie Nguangje, Healthcare Challenges in Malawi and Sub-Saharan Africa.
Dear Members,
On February 19th, Global Interdependence Center and Women's Campaign International members and supporters gathered for an intimate roundtable discussion with Marjorie Nguangje. Ms. Nguangje, former Health Minister of Malawi and current member of the Malawi Parliament was elected in 2004 as a result of WCI’s successful efforts to double the number of women elected to public office in that African nation. She shared with roundtable participants her experience leading a campaign to decrease the stigma of HIV/AIDS testing by galvanizing other women Parliamentarians to lead the way by being publicly tested themselves. The event was well attended with representatives from area universities, students, and health professionals from the City of Philadelphia.
Sincerely,
Ian M. Hartshorn
Program Manager
, Telecom Egypt Reception
The Global Interdependence Center was proud to host a delegation of executives from Telecom Egypt, the national telecommunications corporation of Egypt on February 18th, 2008. The delegation was in the area to study best practices from American corporations, including Comcast. With GIC’s help, the delegation was able to receive an afternoon training from our friends at Comcast, which was well received. Following this meeting, the delegation adjourned to a reception at the Pyramid Club hosted by GIC with support from the University of Pennsylvania’s Africa Studies Center, Middle East Studies Centers, and Lauder CIBER. We were honored to welcome Minister El Rabiey of Egypt as our keynote speaker. Others in attendance included Wilfred Muskens, Deputy Secretary of International Business for the Commonwealth of Pennsylvania, which generously supported the event. Carol Brooks, Manager of International Trade also welcomed our delegates. GIC warmly thanks its sponsors and looks forward to working again with Telecom Egypt as it promotes free trade and open markets.
Best,
Ian M. Hartshorn
Program Manager
, Dr. Jorge Daly, Small Business, Policy, and Exports: The Case of Chile.
On Thursday, February 7th, the Global Interdependence Center hosted renowned political economist Jorge Daly. Dr. Daly provided a cogent and accessible overview of the development of the Chilean economy over the past few decades as it pertains to the role of small and medium size enterprise exports. Dr. Daly’s research shows a strong corollary between the increase of small and medium enterprise exports, GDP growth, and decline in inflation. This case of Chile is relevant both globally and locally, as this Latin American success story finds other nations emulating the policies and practices of Chile in the hopes of experiencing similar growth. Locally, Chilean imports account for 20% of the goods arriving in the Philadelphia port.
GIC would like to thank the Consulate of Chile in Philadelphia, the Chilean Embassy, USAID Business Growth Initiative, Weidemann Associates for their support of this program.
Best,
Erin Hartshorn
Executive Director
Dr. Jorge Daly's Powerpoint Presentation
, Christopher Whalen Managing Director, Institutional Risk Analytics."The Global Risk of Subprime"
Dear Members and Friends,
Committed to its dialogue on the global economy, The Global Interdependence Center was honored to host Christopher Whalen’s remarks on the subprime crisis and its global implications. Speaking on the unstable condition of the securitization markets created by subprime lending, Chris laid out a clear situation for a very complex state of affairs. The pressures forced upon U.S. financial institutions have obvious global consequences reaching beyond the banking industry, effecting consumer spending, the global economy, and international markets in all parts of the world. According to Chris, the solution to this crisis lays in effective leadership within the political and financial communities of industrialized nations – to which GIC members can play a part by addressing such issues as the transparency of complex financial products, accountability of ratings agencies, and necessity of regulation in these high-risk financial areas. The event was well attended, and it was a great opportunity for members to engage in the current economic discourse.
Gavin T. Lazarus
Intern, Global Interdependence Center
The Wharton School, University of Pennsylvania
Christopher Whalen's Powerpoint Presentation
Watch the video of the presentation
, His Excellency Welile Nhlapo, Ambassador to the United States from the Republic of South Africa.
Dear Friends,
The Global Interdependence Center has been honored to start the year with a full agenda of world-renowned civil servants. From a business delegation from the prestigious Suzhou region of China, to President Fisher of the Dallas Fed, and now His Excellency Ambassador Welile Nhlapo of the Republic of South Africa. Ambassador Nhlapo visited Philadelphia as a guest of the Center and the Mayor’s Commission on African and Caribbean Immigrant Affairs, chaired by our Board Member Mr. Stanley Straughter. The Ambassador discussed business opportunities and political prospects for South Africa during a private members-only roundtable, followed by a public luncheon with economic commentary. The room was filled with the top business leaders in Philadelphia, including representation from the city and state, and members of the African-American Chamber of Commerce, and several leading corporations. This event was a great opportunity to prepare for our upcoming trip to South Africa in March!
Presentation by Ambassador Nhlapo
, Richard W. Fisher, President Federal Reserve Bank of Dallas
Dear Colleagues,
With the world economic system weathering a troubling period, GIC is bringing together the best and brightest from the policy and business worlds for timely commentary. We were honored to have as our guest Richard W. Fisher, full voting member of the FOMC and President of the Federal Reserve Bank of Dallas. President Fisher was generous enough to meet with a student roundtable at Drexel University, including representatives from Drexel University’s LeBow College of Business, University of Pennsylvania’s Wharton School, and Temple University’s Fox Business School. This event was followed by a luncheon meeting at the Philadelphia Federal Reserve Bank, where President Fisher presented his thoughts on monetary policy, followed by a lively discussion on issues ranging from global markets to immigration. This event was a stellar way to start our Central Bankers Series, please look out for upcoming events in this excellent slate of speakers. GIC warmly thanks the Dallas Federal Reserve Bank, President Charles Plosser and the staff at the Philadelphia Federal Reserve Bank, and George Tsetsekos and LeBow College of Business for their help in making this event possible.
President Fisher's Comments to the Global Interdependence Center
Watch the video of the presentation
, The Development of China’s Higher Value Added Industries:
China’s Suzhou Industrial Park
Dear Members and Friends,
The Global Interdependence Center is devoted to partnerships, promoting them among like minded people throughout the world, and in our own daily operations. On January 9th, GIC was proud to partner with three friends to present The Development of China’s Higher Value Added Industries: China’s Suzhou Industrial Park. GIC Board Member Dr. Timothy Weckesser gave a concise overview of economic change in China, an issue he has worked with extensively through his company Sino-Consulting, Inc., before introducing representatives from Suzhou to discuss their region and the role it plays in international commerce. We were privileged to be hosted by Drexel University’s LeBow College of Business, a proud GIC sponsor. The event was well attended, and a great way to open up another year of impressive programming from the Global Interdependence Center.
Sincerely,
Ian M. Hartshorn
Program Manager
Dr. Timothy Weckesser's Powerpoint Presentation
Suzhou Industrial Park Presentation
, Paul Bennett, Chief Economist and Senior Vice President of the New York Stock Exchange
Dear Members and Friends,
Today was another great event with the Global Interdependence Center! We were honored to host Dr. Paul Bennett at the Philadelphia Federal Reserve Bank this afternoon. The title of Dr. Bennett's speech was "Global Stock Exchanges and How They are Evolving," an apt topic for the Chief Economist of an enormously important global stock exchange, NYSE/Euronext. Paul outlined the main forces driving these mergers, including automation, capturing economies of scale, and the increased pressure to work globally from the market's stakeholders: listing companies and traders.
Global stock exchanges, international corporations and information-empowered individuals are all part of the new system of global dialogue that GIC seeks to study, work with, and render accessible to our members. With only a few weeks left in 2007, we still have one great event to go. On December 4th, our guest will be Paul Walsh of Storm Exchange. We have a full slate of programming for 2008, so please check our website regularly to find out our latest events.
Best,
Erin Hartshorn
Executive Director
Dr. Bennett’s Powerpoint presentation
Watch presentation (Windows Media Player file)
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