Two GWSB professors were panelists last month at GW’s third Global Economic Forum — an event that featured an address from Gen. Colin Powell, MBA, ’71, and explored how technological innovation is driving economic growth around the world.
The forum, held in Seoul and entitled “Global Growth and Innovation,” brought together policy experts, faculty and international leaders and was attended by more than 300 alumni and others from the GW community.
“The thing that struck me was how far and wide alumni came from to attend the event,” said Scheherazade Rehman, director of the European Union Research Center at GWSB and professor of International Finance/Business and International Affairs.
Rehman sat on a panel on the current financial crisis’ impact on Southeast Asia with a former finance student from 20 years ago who is now a successful hedge fund manager in Indonesia.
Their panel discussed the impact of the financial crisis on economic systems around the world; what the recovery rate for U.S. and European markets means for Asia; how China’s hard or soft economic landing will impact growth in Southeast Asia; and global income inequity and sustainable resources, among other topics.
“It is always gratifying to see former students succeed so well and come and give back to the university,” said Rehman.
GW chose to host the third forum in Seoul because of the university’s ties to the nation, including the fact that nearly 1,000 GW alumni live in South Korea – the biggest overseas alumni population.
“The forum was a great opportunity to discuss growth and innovation in South Korea — one of the premier examples of a country that has done exceptionally well in record time to become an advanced country,” said Danny Leipziger, professor of International Business and managing director of The Growth Dialogue, a policy network on growth and sustainable development in emerging economies housed at GWSB.
At the forum, Leipziger spoke about drivers of economic growth and the role played by innovation. While innovators tend to be younger, more risk-taking and more creative, they won’t succeed without open, competitive markets, access to venture capital and opportunities to try and potentially fail, he said.
Also, while funding for research and development is important, it’s only the “first piece of the innovation chain that, if successful, can assist in helping economies to prosper,” Leipziger said.
For video from the forum: http://alumni.gwu.edu/programs/intl/globalforum/
For a story on the forum in GW Today: http://gwtoday.gwu.edu/theworld/globalforumexploreseconomicgrowthdemocratization
For more on The Growth Dialogue: http://www.growthdialogue.org/
Posted by gwsb on April 3, 2012 | Filed under: GWSB News.