Jeffrey E. Garten is the Juan Trippe Professor of International Trade and Finance at the Yale School of Management and was formally dean from 1996 to 2005. Prior to that, he was undersecretary of commerce for international trade in the Clinton administration and managing director of the Blackstone Group.
Just as we continue to analyze the causes and consequences of the 1929 stock market crash, historians will be assessing and reassessing the global credit crisis that began in 2008 and the Great Recession that followed. As they do, my guess is that the behavior of financial institutions and the post-crisis banking reforms will prove to be far less significant than two far-reaching structural changes in the global economy.
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The Stanford Social Innovation Review is written for and by social change leaders in the nonprofit, business, and government sectors. Sample articles of particular interest to readers of What Matters are available below.
by Ben Hecht. Living Cities is working with five US municipalities to develop an ecosystem for solving urban problems.
by Clayton M. Christensen, Shuman Talukdar, Richard Alton, and Michael B. Horn. Unless clean tech follows well-established rules of innovation and commercialization, the industry’s promise to provide sustainable sources of energy will fail.