globalization

Political scientist David Carter co-authored a study of more than 50 barriers erected around the world, most of which have emerged since 2001. He and his co-author at the University of Chicago found that legal trade plummets up to 31% as a result of constructing a wall between two neighboring countries.

The Olin Business School and the Indian Institute of Management Calcutta have created a partnership designed to advance research, teaching and cultural understanding. The collaboration opens opportunities for students and faculty at both institutions, where the schools plan to organize joint programs in business and industry management training.

The Olin Business School at Washington University in St. Louis and the Indian Institute of Management Calcutta (IIMC) announce a new partnership designed to advance research, teaching and cultural understanding. The agreement facilitates the creation of joint publications, conferences and research projects. It also establishes new and innovative exchange programs for faculty and students.

Even though the benefits of free trade outweigh the harm, the subject has not garnered a lot of attention during this year’s election cycle. WUSTL business professor Jim Little discusses why it is important for Congress to liberalize trade and the dangers of embracing stricter policies.

Students from the Olin Business School at Washington University in St. Louis will present their ideas and debate possible outcomes to the European Commission in a mock-parliament in Brussels on Feb. 1. The deputy head of mission from the Croatian ambassador to the EU will give introductory remarks at the mock-parliament. Officials from the EU and the City of London will be in attendance as well as professors from the Cass Business School.

If it is a surprise to Gap Inc. that some of its clothing manufactured in India was made by young children, then the company didn’t do a thorough job investigating the pros and cons of international outsourcing, according to Panos Kouvelis, the Emerson Distinguished Professor of Operations and Manufacturing Management at the Olin Business School at Washington University in St. Louis.

Hong KongIn the days leading up to China’s taking over Hong Kong on July 1, 1997, the media and political pundits were spouting cautionary tales of how China would ruin Hong Kong’s success as Southeast Asia’s financial center. Were the foretellers of doom correct in their outlook? Not at all, says David Meyer, visiting professor of business at Washington University in St. Louis. In fact, ten years later, both Hong Kong and China have reaped the benefits.

The fifth annual International Business Outlook Conference will take place Friday, April 20 from 8:30 a.m. to 3 p.m. This year’s conference, “International Business in Action”, will showcase several Olin School of Business M.B.A. students who have provided leadership in finding international business solutions for global organizations.

For the second year in a row, the Olin School of Business is offering a course that includes a succession of “celebrity” CEOs as guest speakers. The class, “Creating Exceptional Value: Performance Without Compromise,” is co-taught by Chuck Knight, chairman emeritus of Emerson, and Anjan Thakor, Ph.D., senior associate dean and the John E. Simon Professor of Finance.

American companies continue to grapple with staying competitive in the global economy. Increasingly, companies and business gurus are citing innovation as the key to sustaining American business’ strength. What’s not clear is what it means for a company to be innovative. Washington University business professors say the best way to infuse innovation into a company is not by hiring creative people, but by managing innovation in a systematic way. More…