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Globalization and the Economic Downturn

Lester Thurow HM: January 11, 2002; Running Time: 00:35:33

About the Lecture

About the Lecture

Globalization is for the first time being hit by a global economic hard landing. What happens to globalization in the process? What should one expect to see when it comes to a recovery? How do companies and national economies have to change their management styles in hard times? Professor Thurow puts the events of September 11 into perspective and discusses economic storms, the "shape" of recessions, the herd mentality and more in this IAP event.

Lecture Details

Location: E51-345

About the Speaker

Lester Thurow HM

Jerome and Dorothy Lemelson Professor of Economics and Management

Lester Thurow has advised presidents and informed the American public on such critical issues as deficit reduction and unemployment for more than 30 years. He has been an economics columnist for many national and international publications including The New York Times, The Boston Globe, Newsweek, and Nikkei Business Japan, and published numerous best-selling books, of which Fortune Favors the Bold (HarperBusiness, 2003) is the latest.

Thurow is Coordinator of MIT Asia-Pacific Initiatives, and Chairman of both the Technion Institute of Management and The Lemelson-MIT Awards Program. He was a Rhodes Scholar at Oxford University in 1962, where he received his M.A. and took first class honors in Philosophy, Politics and Economics. In 1964, he received a Ph.D.in Economics from Harvard University.