4/28/08
THE WALL STREET JOURNAL
Professor Matthew Slaughter is cited in an article entitled, "Rise of Nationalism Frays Global Ties".
4/7/08
NEW YORK TIMES
Professor Matthew Slaughter is cited in an article entitled, "America for Sale: 2 Outcomes When Foreigners Buy Factories".
4/1/08
THE HERITAGE FOUNDATION
Professor Matthew Slaughter is cited in an article entitled, "Stop Importing Poverty and Start Importing Innovation" which discusses the limited number of H1-B visa petitions allowed for FY 2009.
3/24/08
THE WALL STREET JOURNAL
Professor Andrew Bernard is quoted in an article entitled, "Surging Exports Lighten the Gloom". The article discusses the role that the U.S. dollar and exporters and their customers have on the U.S. and world economies.
3/21/08
USA TODAY
Professor Matthew Slaughter is quoted in an article entitled, "Does Tax Code Send U.S. Jobs Offshore?" The article discusses whether the U.S. tax system is a key factor in incentivizing U.S. multinationals to create more jobs abroad vs. in the U.S.
3/7/08
OhMyGov!
Professor Matthew Slaughter is quoted in an article entitled, "America for Sale?". The article discusses the impact of sovereign wealth funds on the U.S. economy.
3/5/08
REUTERS
Professor Andrew Bernard is quoted in an article entitled, "Will the Next President Inherit a Recession?" Bernard states that there will be serious economic issues that will need to be tackled and expresses his concern about rising protectionism and anti-immigration sentiments.
3/4/08
THE ENQUIRER
Professor Andrew Bernard is cited in an article, entitled "Growing Firm Forges Niche". Bernard discusses how a small business based in the U.S. can fight off low-cost and low-wage competition from countries like China by having a global supply chain. "Even firms with only 12 employees can be global." he says.
3/3/08
POLICY INNOVATIONS
Professor Matthew Slaughter is cited in an article entitled "Let's Make a New Deal: Democratic Candidates Trade Jabs on Renegotiating NAFTA". "The concerns of people feeling pressure in places like Ohio are real. Unfortunately, NAFTA hasn't had nearly as much of an economic impact as some peopel say." stated Slaughter.
2/28/08
BUSINESSWEEK
Professor Andrew Bernard is cited in the March 10, 2008 BusinessWeek Magazine cover story, entitled "Multinationals: Are They Good for America?". Bernard is quoted as saying, "They [multinationals] are high-wage, high-productivity firms, and that's what every economy wants to have."
2/25/08
THE WALL STREET JOURNAL
Professor Matthew Slaughter is cited in an article entitled "U.S. Pushes Sovereign Funds To Open to Outside Scrutiny". Slaughter's upcoming report for the Council of Foreign Relations, co-authored by David Marchick of the Carlyle Group, was also referenced in the article. The report states "Over the past two years, at least 11 major nations, including the U.S., have passed or debated laws to restrict foreign investment...Those 11 nations together have received 40.6 percent of global foreign direct investment."
1/31/08
BUSINESS WEEK
Professor Matthew Slaughter is featured in an article entitled "Economists Rethink Free Trade". Slaughter points out that income growth has all but disappeared in recent years and that the majority of Americans are not included in the gains from trade as economists had originally thought.
1/19/08
ASSOCIATED PRESS
In an article entitled, "Americans Pay for the Housing Boom's Excess", Professor Andrew Bernard states "If consumption growth stagnates, the odds of a recession are incredibly high....All the pieces of household financial health are starting to be shakier, especially at the low end."
1/15/2008
BEET.TV
Professor Andrew Bernard is featured on Beet.TV in an article entitled, "Economic Peril for U.S. is Low Productivity: Could Technology Turnaround the Economy, Again?" This interview is also featured in a Big Think article entitled, "Big Economic Peril for U.S. is Low Productivity" by the same author.
1/11/2008
THE WALL STREET JOURNAL
Professor Andrew Bernard's research is featured in an article entitled " Export Growth May Boost Productivity."
1/8/08
DOW JONES NEWSWIRE
Professor Matthew Slaughter quoted in an article entitled, "CEA Understaffed as White House Tackles Slowing Economy".
1/6/08
FINANCIAL TIMES
Professor Matthew Slaughter is quoted in an article entitled, "New Hampshire Sends Out Mixed Signals".
12/11/07
ASSOCIATED PRESS
Professor David Kang is quoted in an article entitled "N.Y. Philharmonic to Perform in N. Korea". Professor Kang believes this is a positive step. "Any chance to get in and open up North Korea is a good thing," Kang said. "Shutting off North Korea and trying to isolate them clearly had only negative results."
12/5/07
CNBC
Professor Matthew Slaughter appears on the afternoon program to discuss the benefits of multinational companies setting up shop in the U.S. "These foreign companies that are establishing and expanding operations here, they tend to be very good companies," says Slaughter. "Because they are globally engaged, they bring a lot of talents and a lot of know-how to the American economy that helps work with the talents of American workers to generate high-productivity jobs." Slaughter further explains that one in twenty Americans in the private sector work for foreign firms and earn 32 percent more than their counterparts in the rest of the private sector economy.
11/27/07
BUSINESS WEEK
The article "Would a Gold Standard Save the Dollar?" gives reasons both for and against switching back to a monetary system in which currency value is fixed to the value of gold. Professor Andrew Bernard warns against this and says, "It's been an extremely long time since we've been on the gold standard and it's hard to remember the problems that were associated with it."
11/27/07
U.S. NEWS & WORLD REPORT
Professor Matthew Slaughter gives a reason why the U.S. economy remains buoyant despite the abundance of grim economic headlines. The weak dollar, plus robust economies in places like China, Russia, and Brazil, can actually help Americans. "All those positive developments in the rest of the world are what drives demand for U.S. exports," says Slaughter, which in turn keeps Americans employed.
11/8/07
BUSINESS WEEK
Professor Andrew Bernard contributes commentary in an article entitled, "The Upshot of the Dollar's Fall". When the dollar falls, imported goods are naturally more expensive, pushing up prices. However, many experts don't see signs that a weak dollar is causing inflation yet. "It does add a little inflationary pressure," Bernard says, but he adds that the U.S. economy is so large and competitive that most companies don't really get an opportunity to raise their prices.
11/8/07
THE ECONOMIST
In an article entitled, "Buying Off the Opposition: New Ideas to Shore up Support for Open Markets", Professor Matthew Slaughter's efforts to champion a "new deal" on globalization are highlighted.
10/27/07
REUTERS
The U.S. current account deficit this year will likely shrink for the first time since 2001, but rather than correcting trade and investment imbalances with China, it may be spreading them to Europe. Professor Matthew Slaughter contributes to an article entitled, "Europe Pays for Narrowing US Deficit". Slaughter says, "Imbalances are nothing new, but what has made the past few years unusual is the concentration of so much of the deficit in the United States."
9/26/07
THE WALL STREET JOURNAL
Professor Matthew Slaughter contributes "Let's Have a Real Debate on Globalization," a commentary about globalization and the Democratic presidential candidate debates held at Dartmouth. Slaughter makes the case that globalization has indeed helped the U.S. economy as well as American consumers. He outlines a plan to make the benefits of globalization reach even more Americans. He says his dream question to be asked at the debates would be, "Many regard the current UAW-GM strike in Detroit as a wake-up call to stiffen American policies against countries like China. Do you agree with this? How would you craft an American economic policy that both allows greater globalization and also spreads its gains as widely as possible?
8/30/07
BLOOMBERG
Professor Matthew Slaughter cited in an article entitled, "Presidential Race Returns to Protectionism, Mythic Reaganism". "The issue driving the anxiety is not the number of jobs but the kinds of jobs being created," says Slaughter.
8/27/07
WOMEN'S WEAR DAILY (PDF)
Professor Andrew Bernard quoted in an article entitled, "The China Fallout: Greater Scrutiny and Rising Costs" which discusses the impact of recent negative publicity and the concerns of sourcing executives in the US apparel industry.
JULY/AUGUST 2007
FOREIGN AFFAIRS MAGAZINE
Written by Matthew Slaughter and Kenneth Scheve, this article entitled, "A New Deal for Globalization" discusses the need for redistributing income. Globalization has brought huge overall benefits, but earnings for most U.S. workers -- even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.
7/25/07
THE NEW YORK TIMES
I.B.M. recently announced that it will start offering its U.S. employees specialized savings accounts for training and education. As discussed in "I.B.M. Plan Ties Training and Accounts," these interest-bearing accounts will allow employees to determine how and when to spend the money as well as the opportunity to acquire the account upon leaving the company. Samuel Palmisano, chief executive of the company, was a driving force behind the formation of these accounts and their resemblance to 401(k) retirement plans. According to Professor Matthew Slaughter, the I.B.M. move is "precisely the kind of policy we'd like to see throughout the economy."
7/17/07
THE WALL STREET JOURNAL
Op-ed piece entitled, "Happy Birthday ITA", written by Professor Matthew Slaughter, states that the critical force in solidifying and expanding the globalization of IT production was the Information Technology Agreement, which went into effect 10 years ago. The globalization of IT hardware — trade deficits and all — has helped boost average U.S. living standards. Thus the Information Technology Agreement offers a textbook example of the benefits trade liberalization can deliver: a competitive spur to price declines and productivity gains in firms benefiting not just those firms but also companies and consumers economy-wide, through lower prices and new varieties.
7/6/07
THE WALL STREET JOURNAL
The cover story, "Foreign Investors Face New Hurdles Across the Globe," Professor Matthew Slaughter addresses the issue of growing restrictions on foreign direct investments. The article explains how government-imposed restrictions threaten the success of multinational companies. Canada, China, Russia, and the U.S. are examples of countries that have grown wary of foreign acquirers and are limiting international ownership of physical assets. This trend which threatens international investments poses a risk for U.S. multinational corporations. Slaughter says, "This really matters because U.S.-headquartered multinational firms serve foreign markets overwhelmingly through sales in their foreign affiliates, not through exports from the United States."
7/1/07
BLACK ENTERPRISE
The article "Powerplay: Geography Lessons" outlines the experiences of Roosevelt Dillard, who attended Tuck's Global Leadership 2020 program. "It broadened my perspective and made me more appreciative and accepting of the way others do business," says Dillard. Executive director of Executive Education at Tuck, Clark Callahan, adds that the program strives to "inculcate a global mindset among next-generation leaders, people who will go to China and India and other markets that aren't native to them and lead functions and businesses."
6/18/07
BUSINESS WEEK
The cover story "The Real Cost of Offshoring" features comments by Professor Matthew Slaughter. The article states that the harmful effects of outsourcing American jobs to low-cost countries are being hidden by a mistake in the way U.S. economic output is calculated. This mistake, caused by the way the statistics treat offshoring, creates a "phantom GDP" in which gains don't correspond to genuine domestic production. "There are potentially big implications," says Slaughter. "I worry about how pervasive this is."
6/14/07
THE WALL STREET JOURNAL
In David Wessel's Capital column, entitled "The Case for Taxing Globalization's Big Winners", Professor Matthew Slaughter states that policy has become more protectionist because the public is becoming more protectionist. He further states that the benefits of globalization have not been equitable and that a correction is in order.
5/22/07
THE WALL STREET JOURNAL
Professor Matthew Slaughter contributes a commentary called "Yuan Worries” in which he discusses the issues surrounding the dollar-to-yuan exchange rate.
5/9/07
DOW JONES NEWSWIRES
Professor Matthew Slaughter, who recently served as a member of President Bush's Council of Economic Advisers, is interviewed in an article about the Federal Reserve's meeting, where they left the interest rate unchanged. Slaughter warns that it will take some time for the true nature of the economy to reveal itself, and says that "At times like this many central banks find there's big value in waiting," which argues for no near term change in monetary policy.
MAY 2007
ENTREPRENEUR.COM
In an article entitled, "Change Agents", Professor Andrew Bernard comments on how globalization has transformed the entrepreneurial landscape.
APRIL 2007
INC. MAGAZINE
Professor John Owens shares six fundamentals of international networking. He says, "...in international venues, networking is extremely important. But networking overseas is not like it is in the United States ... You need to spend some time to get to know the people..."
3/29/07
ON POINT (NPR)
Professor Andrew Bernard is interviewed for a segment on the future of American exports. "(The) United States is the number one manufacturing country in the world," he says. "What's really driving the exports up is that the domestic economy has been good, and when things are good at home, companies look to the foreign markets to expand."
2/28/07
REUTERS
Professor Andrew Bernard contributes to an article entitled, "Stocks Sink on Fears About China and Growth". He says, "Durable goods are a key forward-looking indicator of business activity, so the broad-based drop that we saw today means that confidence in the economy is weaker across a number of sectors and the chance of an investment-led recession is quite a bit higher."
1/22/07
CHICAGO SUN TIMES
Notification of the appointment of Professor Andrew Bernard to the National Stock Exchange in Chicago.
