In the News
5/7/09
THE WALL STREET JOURNAL
Dean Matthew Slaughter writes the op-ed “What is an 'American' Car?" in response to President Obama's statements about the auto industry last month. Slaughter argues that because of the economic principle of comparative advantage, the U.S. cannot excel in every industry. He questions what makes a car American, suggesting that it could be a car made in the U.S. by a foreign company. "The broad goal of American economic policy should be to help all companies operating in the U.S. create and maintain good jobs at good wages. Translating this goal into solid public policy means rethinking recent sound bites, however," he says.
04/24/09
ECONOMIST (UK)
Professor Anant Sundaram's new class focusing on climate change is featured in an article about business school updates. The course, "Business and Climate Change," is Sundaram's brainchild and is the first course of its kind for any business school. Sundaram says that rather than acting as a constraint on companies, a warming planet could be a huge business opportunity: "The implications are enormous. Massive wealth will be created by companies that get in front of this issue and lost by those that do not."
04/21/09
FINANCIAL TIMES (UK)
Professors Vijay Govindarajan and Anant Sundaram speak out in an op-ed and state that it is time to re-examine the relationship between companies and capital markets."Chief executives should decouple their long-run strategies from the short-run vagaries of financial markets," they write. Govindarajan and Sundaram suggest companies do this by taking any or all of six actions, which include reducing dependence on external capital, rethinking compensation, and investing and acquiring countercyclically. "By being counter-cyclical in investing and acquiring, not only are assets likely to be cheaper but screening mechanisms are also more disciplined and the requirements for a business case more uncompromising." Sundaram also appeared on Fox Business to talk about Govindarajan's and his op-ed.
03/31/09
BBC: THE WORLD (UK)
Though Europe and the US may have grabbed the headlines at the G20 summit in early April, there were many other countries with emerging economies trying to accomplish their goals. Dean Matt Slaughter discusses issues that Mexico and Brazil might have wanted to address.
3/30/09
NPR On Point
Professor Matthew Slaughter appear on NPR's "On Point" as a guest speaker regarding the the "fate of the American automotive industry, and what Washington will require to keep pumping in support."
03/16/09
FINANCIAL TIMES (UK)
An alliance of large US companies recently fought back against the rising tide of protectionism among politicians and the public by sharing Dean Matthew Slaughter's study on the role multinationals play in the US economy. Slaughter found that US-based parent companies of multinationals account for nearly a quarter of the country's private-sector economy, about a third of its capital investment, and three-quarters of all research and development. He concludes, "The idea that limiting the ability of multinationals to expand abroad would create more jobs in the US is just wrong."
03/11/09
THE WALL STREET JOURNAL
Deans Paul Danos, Matthew Slaughter, and Robert Hansen address the effects of the Employ American Workers Act (EAWA) on business schools in their op-ed "It's a Terrible Time to Reject Skilled Workers." They cite two major consequences of EAWA: fewer foreign-born students will enroll because they cannot legally work in the U.S. after receiving their degrees and a poorer classroom environment caused by a reverse brain-drain.
03/05/09
BUSINESSWEEK
For many MBA students, spring break is an opportunity to visit another country and learn something about the global economy that can't be taught in a classroom. This year, Tuck decided to join the numerous schools that offer this international experience. Lisa Miller, associate director of the Center for International Business, talks about the trip to China she will be leading with 17 Tuck students. The reason students chose this trip during break, Miller says, is because "they all believe China will be practical to their business lives."
