Prof. Weinstein notes that in order for benefits to grow in line with income, Japan’s economy needs to increase taxes by 10% of GDP.
Whose lost decade?
The Economist
Bowles Addresses Economy at Financial Studies Conference
Erskine Bowles ’69, cochair of the National Commission on Fiscal Responsibility and Reform, addressed a capacity crowd of Columbia Business School students, faculty members, alumni, and industry professionals at the Inaugural Program for Financial Studies Conference, “Finance in a World of Uncertainties.”
Prof. Weber talks with the Dalai Lama, discussing “Ecology, Ethics and Interdependence.”
On Climate, Ethics, Cow Burps and the Dalai Lama
The New York Times
Forbes discusses a paper by Prof. Ray Fisman that compiled a comprehensive list of diplomatic parking violations by U.N. diplomats. The paper revealed how social norms and culture influence corrupt officials.
The World’s Most Corrupt Diplomats, As Told Through Parking Tickets [Map]
Forbes
The Financial Times reports on research by Shang–Jin Wei that finds that the rising sex ratio imbalance in China has led parents to accumulate wealth for their son’s marriages, helping to drive the rise in private savings between 1990 and 2005.
Asia: Heirs and spares
Financial Times
Forbes features research findings by Prof. Charles Calomiris that reveal the size of bank loans made within EU member nations, and the relationship of these loans to the GDPs of the nations extending the credit.
The Contagion Moves From Greece To Ireland To Portugal To Spain
Forbes
BloombergBusinessWeek’s Debate Room features Prof. Bill Duggan’s thoughts on the need to prioritize business loans in order to build infrastructure in undeveloped countries.
Foreign Aid Won’t Eliminate Poverty
BloombergBusinessWeek’s Debate Room
MarketWatch features Professor and Director of the Jerome A. Chazen Institute of International Business Shang-Jin Wei’s thoughts on the challenges facing China as they execute monetary policy reforms.
China navigates tough road to tighter policy
MarketWatch
Program for Latin American Entrepreneurs Completes First Year
Fifteen Latin American business owners have completed a groundbreaking yearlong entrepreneurial education program that took them across three continents.