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Greenwald and Stiglitz Talk Globalization with Students

Professors Bruce Greenwald and Joseph Stiglitz shared their expertise on globalization with Executive MBA students during a course at Columbia Business School July 22-26.
Published
July 31, 2012
Publication
CBS Newsroom
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News Type(s)
School News
Topic(s)
Business Economics and Public Policy, Leadership, World Business

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[View the story "Columbia Business School EMBA Course Connects Students with Thought Leaders" on Storify]Columbia Business School EMBA Course Connects Students with Thought LeadersProfessors Bruce Greenwald and Joseph Stiglitz shared their expertise on globalization with Executive MBA students during a course at Columbia Business School July 22-26. Storified by Columbia B-School · Tue, Jul 31 2012 06:03:22Thursday, July 26Globalization w/ Stiglitz & Greenwald Columbia_Biz - phenomenal! :D #stigwald #globalizationTo Wit...er...?BG: Adapt your markets to your message, not vice versa. i.e, go to markets where you can operate truly close to your "knitting" -#stigwaldJeffKlainberg"expanding globally is like making love to a porcupine, you want to do it very carefully." -BG #stigwaldsusannah stayter"If you cannot adapt your ideology to a market, you have to adapt your market to your ideology." #stigwald stayterJennifer HajjAdapting to change is a reasonable metaphor for globalization. #stigwald stayterJennifer HajjWednesday, July 25Professors Joseph Stiglitz and Bruce Greenwald discuss group projects with students.Columbia Business SchoolRT stayter: Stiglitz takes a break from teaching us to spend some time with Jon Stewart tonight http://goo.gl/S5Ocv #stigwaldChris KuharJoseph Stiglitz (The Daily Show with Jon Stewart)Comedy CentralOn China holding USD: Like holding a ton of meat in an unplugged refrigerator. #stigwaldMonique Smith "France is tricky. If they're smart, they'll join the southern states. But it's France- so you know they won't make that decision" #stigwaldsusannah stayter"The Euro is dead and the only issue left is to let it die with dignity" - BG, "I want to talk about life after death" - JS #stigwaldMonique Smith Stiglitz:Creation of Euro zone "sort of made sense if you did not think of things deeply." Details of free market creation matter. #stigwaldJeffKlainbergMT Monique_Smith The problem w/ addressing global warming is in US politics 1 of the 2 parties doesn't believe in science - JS #stigwaldColumbia B-SchoolTuesday, July 24Professor Bruce Greenwald lectures on productivity growth, outsourcing, and labor markets.Columbia Business School"The IS curve is vertical". Greenwald just spent the last hour completely discrediting the academic principles of macro economics. #stigwaldsusannah stayterOnly in lake woebegone can all of the investors outperform the market #stigwaldMonique Smith China doesn't have economies of scale to achieve global intellectual dominance. Scholar communities -centralized & have longevity #stigwaldKristen KammererGlobalization should not be applied broadly. Eg pharma: R&D is global but marketing and distribution are LOCAL. #stigwaldJeffKlainbergMonday, July 23Professor Bruce Greenwald discusses financial markets and the global financial system.Columbia Business SchoolMore than anything, productivity growth is the source of US job loss, not outsourcing #stigwaldKristen KammererGreenwald: Dimensions of competition that are global: tech evolution and demand. But most telling dimensions are actually LOCAL. #stigwaldJeffKlainbergMT KKtheEMBA During the evolution of new tech & demand, let other global companies do the research while you prep local market #stigwaldColumbia B-SchoolDuring the evolution of new tech & demand, let other global companies do the research for you while you prep the local market #stigwaldKristen KammererSunday, July 22"occasionally I am wrong- though not nearly as frequently as Thomas Friedman"-B. Greenwald on the clear villain of the week #stigwaldsusannah stayterExpansion of Walmart looks like a bad case of ringworm #stigwaldMonique Smith Greenwald just blew up the idea of 1st mover advantage. 'People recall the prominent survivors' #stigwaldJeffKlainbergGlobalization is also about ideas and the spread of democracy. #ArabSpring #StigWaldKristen KammererStiglitz & Greenwald in more agreement than not to start class. Surely this can't last! #stigwaldJeffKlainbergAfter reading Greenwald's Globalization ('09), can't wait to hear his current thoughts on the subject in our CBS block week #StigWaldKristen Kammerer
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