Global Economy

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MIT Sloan Conference August 29: Growth Opportunities in Latin America and China

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August 29, 2014, MIT Sloan School faculty with expertise in Latin America, China, energy and the global economy present their research and engage in discussion with business leaders about the business challenges and growth opportunities in Latin America and China in 2014 and future. The presenters look at economic and political uncertainty, risks of deflation, fluctuating commodities prices and energy issues. They also compare and contrast the ways of doing business in both marketplaces.

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A Hotter Climate Limits Growth

It seems pretty obvious that droughts and hot weather hurt agricultural output and growth, but MIT professor of economics Benjamin Olken asserts that even localized hot spells can significantly damage long-term economic growth in developing countries. In a recent paper published in the American Economic Journal: Macroeconomics, Olken and his colleagues found that every 1 degree Celsius increase in temperature in a poor country reduces economic growth by around 1.3 percentage points, and that higher temperatures also may reduce the rate of growth.

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A Future of Uncontrolled Decline?

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The planet’s focus today should be on resiliency rather than on sustainability, says Dennis Meadows, one of the original authors of the 1972 book Limits to Growth. That book was one of the first scholarly works to recognize that the world was approaching its sustainable limits.

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Is Wiki-Style Collaboration Among Nation States Doable?

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“The World Economic Forum is quickly morphing from a once-a-year talkathon into a year-round network of leaders and leading thinkers tackling global problems – from think tank to do tank.”

So says Don Tapscott, co-author of Macrowikinomics: Rebooting Business and the World (Portfolio Hardcover, September 2010).

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Your Next Supply Chain

How have strategies for supply chain design changed in recent years? What are the forces most profoundly shaping them now? What kinds of models have emerged for companies to consider, choose among or learn from?

In this pair of twinned interviews, MIT professor and entrepreneur David Simchi-Levi and MIT professor Charles Fine — two of the world’s leading thinkers on supply chain and value chain design — offer answers to those questions and others.

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How This Financial Crisis Isn’t Different

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Harvard economist Kenneth Rogoff gave a fascinating guest lecture at MIT earlier this week -- looking at commonalities in a number of financial crises. Rogoff, who recently coauthored a new book, This Time is Different: Eight Centuries of Financial Folly with Carmen M.

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Obama, at MIT, declares clean energy key to global economic leadership

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The nations of the world are in a "peaceful competition" to develop the energy technologies that will power the 21st century  -- and the nation that wins that competition will be the nation that will lead the global economy, U.S. President Barack Obama told an audience at MIT today.

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Asia, the U.S., and innovation

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There’s plenty of optimism to be heard about Asia’s innovation future — but less optimism about the U.S.’s ability to maintain its historical innovation leadership in the 21st century.

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Networks of innovation

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Two innovation experts see great potential in “creation networks” that include companies from a variety of regions with specialized technical expertise.

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Better days for innovation ahead?

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It's a fairly gloomy week on the world economic stage, with International Monetary Fund managing director Dominique Strauss-Kahn declaring a number of leading economies in depression and U.S. President Obama warning of the possibility of financial catastrophe if a stimulus bill is not passed.

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Growth — in the virtual economy

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Depressed about the state of the real-world economy? Maybe you should attend tomorrow's Virtual Goods Summit 2008, an event in San Francisco looking at the growing business of buying and selling "virtual goods" in online games and on social-networking sites — for real-world money.

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Why foreigners invest in U.S. markets

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One factor behind the U.S. government's decision to take over troubled mortgage companies Fannie Mae and Freddie Mac? Concerns expressed by foreign investors, The Wall Street Journal reports. That brings to mind a new working paper by MIT Sloan School associate professor Kristin J. Forbes.  She studied the question of why foreigners continue to invest in U.S.

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The Beneficent Dragon

Many pundits characterize the Chinese economy, now the world’s fourth largest, as a juggernaut that threatens America’s economic leadership. After all, China’s GDP growth in recent years has been three to four times our own, and its share of global exports has skyrocketed.

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How to Win in Emerging Markets

Though competitive barriers in Asia, Latin America and Eastern Europe are many, a look at the companies that are thriving there reveals some secrets that make success more likely.

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