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Ellen Hughes - Cromwick, Ford Chief Economist
On August 18, 2009 GIC hosted Ford Chief Economist Ellen Hughes - Cromwick for a presentation entitled “Deconstructing the BRICs: Dynamics in the Post Crisis Period.” This presentation focused on the dynamics in the global automotive industry, including pathways for key emerging markets, such as the BRIC (Brazil, Russia, India, China) and cyclical movements in the automotive industry combined with fundamentals for vehicle buying trends.
This event was well covered by the media, including the Philadelphia Inquirer, Dow Jones, Bloomberg News, and MaryandMoney.com
Please click here to see the coverage.
Please click here to see the Powerpoint presentation.
Dr. James Bullard, President, Federal Reserve Bank of St. Louis
On June 30, 2009 the Global Interdependence Center was pleased to welcome Dr. James Bullard of the Federal Reserve Bank of St. Louis for a lunch-time presentation to members and friends. Dr. Bullard’s presentation, “The Exit Strategies of the Federal Reserve”, detailed the Fed’s “plans to unwind” as the economy improves. Bullard identified three main issues the Fed must address: the lessening need for liquidity facilities, the asset purchase program and planning an exit from zero short-term nominal interest rates. Please click here for President Bullard's presentation.
Philippe d’Arvisenet, Executive Vice-President and Global Chief Economist, BNP Paribas
On June 16, 2009 GIC welcomed Philippe d’Arvisenet, the Executive Vice-President and Global Chief Economist of BNP Paribas. Mr. d’Arvisenet’s presentation, “Economic Outlook for Europe: Assessment of Current Conditions and Risks”, focused on the current recession and what the public should expect. He stated that the financial crisis is not over and that one must be wary of “ingredients for disappointment”, such as lagging variables like employment, the consolidation of household balance sheets, and the limits of fiscal stimulus. Mr. d’Arvisenet continued to go into detail about the European EMU and the effects the crisis has had on the member states.
Powerpoint Presentation
The Business Forum for Liberia
The GIC hosted the Business Forum for Liberia, a full day event focused on exploring economic growth, private enterprise and job creation in Liberia on June 12, 2009 at the Federal Reserve Bank of Philadelphia. The forum began with an address by Her Excellency Ellen Johnson Sirleaf, the President of the Republic of Liberia. Following this and other remarks, the morning sessions addressed Liberia’s banking system, as well as the topics of agriculture, housing, transportation and natural resources. The second sessions concentrated on infrastructure, US trade opportunities and SMEs.
Watch the videos
H.E. Houda Ezra Nonoo, Ambassador of the Kingdom of Bahrain to the United States
On June 9, 2009 the Global Interdependence Center partnered with the World Trade Center of Greater Philadelphia to welcome Her Excellency Houda Ezra Nonoo, the Ambassador of the Kingdom of Bahrain to the United States. Ambassador Nonoo’s presentation addressed the US-Bahrain free trade agreement and the myriad of opportunities that have been created as a result. The ambassador also detailed the ways in which the Bahraini government works to facilitate foreign investment and the successes that have already accrued.
Food and Water: Basic Challenges to International Stability 2009 Global Conference Series Part III: Zambia
On May 27, 2009 GIC traveled to Livingstone, Zambia to host a conference in partnership with the Bank of Zambia focused on the impact of the food crisis in the developing world. The day consisted of a number of distinguished speakers from central banks across the developed world and Africa, such as Caleb Fundanga, Governor of the Bank of Zambia and Mike Bryan, Vice-President and Senior Economist of the Federal Reserve Bank of Atlanta. Other speakers included executive members of financial institutions and international organizations, including Cumberland Advisors and the United Nations Economic Commission for Europe. The three main themes addressed were “Food and Water Security and Economic Development”, “Monetary Policy, Financial Markets, and Food and Water Security” and “Credit, Capital Markets, and Food and Water Security”. Please click here for a conference summary and presentations.
GIC Welcomes John Murray, Deputy Governor, Bank of Canada
On May 19th, GIC was honored to partner with the Consulate of Canada in Philadelphia to host the Deputy Governor of the Central Bank of Canada, John Murray. Dr. Murray’s presentation, entitled “When the Unconventional Becomes Conventional: Monetary Policy Measures for Extraordinary Times” outlined some of the tools that central banks have to implement in addressing the financial crisis, as well as presented some of the less conventional methods that we may see employed in the near future.
- 27th Annual Monetary Trade Conference
On the April 30, 2009 GIC held its 27th Annual Monetary Trade Conference, held in partnership with Drexel University’s LeBow College of Business, was entitled The Financial System, Banks & Economy: After the Storm…Where Are We Now? Panel discussions with Diane Swonk, Chris Whalen, Bob Eisenbeis, Nancy Bush, included a banking industry analysis, and a macro view of the financial crisis. Featured speakers were Barry Ritholtz, author of Bailout Nation and Bill Poole, Former President of the St. Louis Federal Reserve Bank. Presentations can be found on the event summary page.
Food and Water: Basic Challenges to International Stability 2009 Global Conference Series Part II: Paris, France
On March 24, 2009 the Global Interdependence Center partnered with the Banque de France to kick off the European leg of its 2009 Global Conference Series. The first day included a presentation by Sebastian Schich of the OECD and two panels comprised of chief economists, CIOs of major financial institutions and professors of economics. The final day consisted of a series of speakers focusing on the effects of the global financial crisis on food and agriculture, the food and water supply coupled with environmental issues, and the geopolitical risk as related to food insecurity. These themes will continue to be built upon in the following conferences in Zambia, Singapore and Chile. Please click here to see the presentaions.
GIC Welcomes Financial Times’ Chief Economic Commentator, Martin Wolf for Fixing Global Finance!
On March 9, 2009 Financial Times associate editor and chief economics commentator Martin Wolf addressed the Global Interdependence Center. His presentation focused on the theme of his recently published book, Fixing Global Finance. His presentation which explained why global imbalances cause financial crises -- including the one ravaging the United States right now -- and outlined the steps for ending this destructive cycle. He explained why the United States is now the "borrower and spender of last resort," and made the case that this is an untenable arrangement, arguing that global economic security depends on the ability of emerging economies to develop robust financial systems based on domestic currencies. After this comprehensive presentation, Mr. Wolf took questions from the audience and then joined GIC members and guests for lunch and a book signing.
Powerpoint Presentation
Food and Water: Basic Challenges to International Stability 2009 Global Conference Series Part I
On February 5th, 2009, GIC launched its 2009 conference series “Food and Water: Basic Challenges to International Stability.” The event was hosted by a Philadelphia Federal Reserve Bank, and sponsored by CFA Society of Philadelphia. Both partners for this year long program. This half-day conference focused on food price inflation crisis as it pertained to investment in sectors tied to food and water, and the geopolitical ramifications of increased cost and decreased supply.
Dr.
Robert F. Graboyes, Senior Healthcare Advisor,
National Federation of Independent Business (NFIB)
On January 14th, 2009 GIC had the pleasure of hosting Dr. Robert F. Graboyes, Senior Healthcare Advisor at the National Federation of Independent Business (NFIB). Dr. Graboyes’ presentation, entitled “Green Grass, Brown Grass, All Around the Hill” challenged the increasingly popular notion that other nations have constructed healthcare systems that are superior to that of the United States. He outlined the lessons to be learned from both the successes and failures of a variety of approaches to health care. Dr. Grayboyes draws on expertise gained through an accomplished and varied career in academics, the Federal Reserve System, and the private sector.
Powerpoint Presentation
GIC Presents Martin Feldstein with the Frederick Heldring Award for Global Leadership
On December 18th The Global Interdependence Center presented Martin Feldstein with the Frederick Heldring Award for Global Leadership. Martin Feldstein is the is the George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research. In addition to serving as President and CEO of the NBER, throughout his prestigious career, Dr. Feldstein has been Chairman of the Council of Economic Advisers, President Reagan's Chief Economic Advisers, and President of the American Economic Association.
Global Interdependence Center presents the Frederick Heldring Award to individuals who have demonstrated an exemplary commitment to the development of international relations, trade, and global citizenship in their lifetimes. In 1976, Frederick Heldring founded the Global Interdependence Center (GIC), serving as Chair until 2000. The Global Interdependence Center encourages the expansion of global dialogue and free trade to improve cooperation and understanding with the goal of reducing international conflicts and improving worldwide living standards.
Before the award was presented, Dr. Feldstein offered comments on the current financial crisis entitled “How Will it End?”
Watch the video of the presentation
Martin Feldstein Transcript. Transcription was generously underwritten by Allen Simpson of Simpson Capital Management.
José de Gregorio , The Chilean Economy in the 21st Century.
In conjunction with the Embassy of Chile, and the
weeklong “Viva Chile in Philadelphia” celebration, GIC
welcomed Jose De Gregorio, Governor of the Central Bank of Chile.
Governor De Gregorio’s presentation entitled “The Chilean
Economy in the Current Global Financial Crisis” highlighted not
only the resiliency of the Chilean economy, but the important economic
ties between his nation and the Philadelphia region. In particular, he
noted that 65% of Chilean fruit imported to the United States arrives
through the Delaware River port, and is responsible for some 8,000 jobs
in the region.
We are happy to share his presentation below.
The Current Global Financial Crisis
GIC Abroad: Israel.
On November 3-4, GIC held its first conference in
the Middle East. The two day conference was held in partnership with
Hebrew University and featured Jeffrey Lacker, President of the
Richmond Federal Reserve Bank, and Zvi Eckstein, Deputy Governor of the
Bank of Israel. Other presentations focused on Israel’s high tech
industry and included a private tour of the new Intel facility.
Nancy Wentzler, Chief Economist, Deputy Comptroller Global Banking and Financial Analysis, Comptroller of the Currency
Orna Berry, PhD, Chairperson, Gemini Israel Funds
Dan Galai, PhD, Professor of Finance, Hebrew University School of Business
J. Paul Horne, Independent Market Economist
Michael Farr, President, Farr, Miller &Washington
Caleb Fundanga, Governor of the Bank of Zambia.
On October 14th, GIC was delighted to host Dr. Caleb M. Fundanga,
Governor of the Bank of Zambia. Recognized as the 2007 Central Bank
Governor of the Year by The Banker Magazine, Dr. Fundanga has promoted
regional cooperation as the Chairman of the Committee of Central Bank
Governor’s of the Common Market of Eastern and Southern Africa.
Zambia’s recent financial stability and decreasing inflation have
been a successful testament to the strength of the Zambian economy. We
thank Dr. Fundanga for speaking to the membership about the
opportunities to invest in Zambia and the future of the nation’s
monetary policy.
The Conduct of Monetary Policy in Zambia
Seppo Honkapohja, Board Member of the Bank of Finland.
On September 29th, GIC welcomed Seppo Honkapohja, Board Member of the
Bank of Finland, to the Federal Reserve Bank for a discussion on the
lessons learned during the financial crisis in the Nordic countries
during the 1990’s. The informative presentation, which you can
read below, was well received by our membership especially at such a
critical juncture for the economy of the United States. We thank Dr.
Honkapohja for addressing the GIC and sharing his knowledge on a very
pertinent issue.
Nordic Financial Crisis Presentation
The 1990's Nordic Crisis
GIC Abroad: Tallinn, Estonia
On August 21, 2008 The Global Interdependence
Center partnered with Eesti Pank, the Central Bank of Estonia to
present a conference entitled “Emerging Energy Markets.”
This public conference dealing with energy and security included
discussions from the perspectives of Central European, Baltic, and
Scandinavian countries, as well as the broader approach of the European
Union (EU). The thought provoking presentations were presented by
speakers representing multiple views. More than a dozen countries were
represented in the panels and among the audience discussants. To view
the agenda and the presentations, please visit this website.
For those in the GIC delegation a great additional value were the
private conversations with central bankers, economists, private
investors, diplomats, and government officials.
As always, our Estonia hosts were most gracious,
hosting our US delegation at a speaker’s dinner in the Old Town
section of Tallinn, a reception at the very historic building that
houses Eesti Pank, and a tour of the new Estonian art museum in
Kadriorg Park.
Click here for presentations
Ambassador of Oman to the United States, H.E. Hunaina Sultan Al-Mughairy
On August 6, 2008, GIC was honored to host Ambassador of Oman to the United States H.E. Hunaina Sultan Al-Mughairy at a lunchtime program at the Pyramid Club. Ambassador Al-Mughairy, whose comments were focused on the Oman-US Free Trade Agreement, was an ideal speaker on this issue as she has an impressive background working in business development for the Sultanate of Oman. Having been in New York City for five years, the Ambassador has been in Washington, DC for three years. Her comments on Oman as a trade partner were particularly timely, as the Sultanate of Oman owns the peninsula which juts into the Strait of Hormuz, through which roughly 30 percent of the world's petroleum and natural gas pass.
Paul Walsh Hedging Weather and Climate Risk.
Dear Friends,
In a changing environment (both meteorologically and economically) it
is good to have friends who know about both. The GIC was fortunate to
have Paul Walsh, Chief Strategy Officer at Storm Exchange as a
lunchtime speaker at the Philadelphia Federal Reserve Bank yesterday.
Mr. Walsh discussed the rapid growth of Weather Derivatives and how
companies can hedge against weather downturns to protect the growth of
their business. For a more indepth look at the successes and
possibilities in Weather Derivatives, please see Paul's slides.
Best Regards,
Ian M. Hartshorn
Program Manager
Hedging Weather and Climate Risk Presentation
GIC Abroad in Paris, France
GIC's Paris spring conference has become a mainstay of our international programming. In 2008, Cleveland Federal Reserve Bank President, Sandra Pianalto, joined the delegation and together with Governor of the Banque de France Christian Noyer offered comments on monetary policy. These comments were part of an all day conference on the Euro-Dollar exchange rates in partnership with French think tank Research Center in International Economics (CEPII) and sponsored by Barclays Capital. Other highlights of the program included a private dinner at the Banque de France's Gold Salon, and a private tour of the French Archives. Please see the presentations from the conference below.
Agnes Benassy-Quere's Powerpoint Presentation
Christian Noyer's Presentation
David Kotok's Powerpoint Presentation
David Woo's Powerpoint Presentation
Sandra Pianalto's Presentation
William G. Clark's Summary
William G. Clark's Powerpoint Presentation
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
GIC Abroad: Cape Town, South Africa
On March 27th & 28th, GIC partnered with the University of Cape Town for a conference entitled "Monetary Policy in Sub Saharan Africa: Practice and Promise." GIC's delegation included Charles Plosser, President of the Federal Reserve Bank of Philadelphia, who held a joint presentation on global monetary policy with Jurgen Stark, member of European Central Bank's Executive Board. The conference was held at the Mount Nelson Hotel in Cape Town and was generously sponsored by Absa Capital.
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)
GIC Abroad: Ireland
Joint GIC & Irish American Business Chamber and Network Program
Two day seminar with discussions on various monetary and trade issues, including a visit
to the Central Bank of Ireland hosted by John Hurley, Governor of the Central Bank of
Ireland. GIC delegation accompanied by Sandra Pianalto, President of the Federal
Reserve Bank of Cleveland.
Location: Dublin, Ireland.
GIC Abroad: Santiago, Chile - Strategic Partners in Business & Trade
Delegation accompanied by Christian Noyer, Governor of the Banque de France, Bill Poole,
President of the Federal Reserve Bank of St. Louis, Harvey Rosenblum, Executive Vice President
and Director of Research at the Federal Reserve Bank of Dallas . Delegation hosted by
Vittorio Corbo, Chairman of the Board of the Central Bank of Chile and the Universidad Adolfo.
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