Winter 2006 Vol 18 Number 2 Magazine Climate change Small sea changes, big decisions THE MAGAZINE FOR ALUMNI OF THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE Groups, families and individuals welcome Singles from £30 Twins from £48 Triples from £62 For further information, please call the residence of your choice direct or write for further details to: Sales Team LSE Vacation Accommodation Tel: +44 (0)20 7955 7575 (general information) Fax: +44 (0)20 7955 7676 Email: [email protected] Accommodation availability Christmas 2006 Central London 9 December – 7 January 2007 Easter 2007 Accommodation 17 March – 21 April Summer 2007 30 June – 29 September Bankside House London SE1 Tel: +44 (0)20 7107 5750 Butlers Wharf London SE1 Tel: +44 (0)20 7107 5798 Carr-Saunders Hall London W1 Tel: +44 (0)20 7107 5888 Grosvenor House London WC2 Tel: +44 (0)20 7107 5950 178 High Holborn London WC1 Tel: +44 (0)20 7107 5737 Northumberland House London WC2 Tel: +44 (0)20 7107 5600 Passfield Hall London WC1 Tel: +44 (0)20 7107 5925 Rosebery Hall London EC1 Tel: +44 (0)20 7107 5850 Or email: [email protected] www.lsevacations.co.uk Contents Message from Features 10 the editor 4 Headline news 6 Oceans 13 This issue we look at the major topic of climate change, with The world’s oceans are divided into 13 regions a focus on the oceans through the work of Lenny Smith, as by the Global Ocean Observing Systems well as some of the economic implications of Sir Nicholas (GOOS). Lenny Smith explains more about Stern’s review. Climate change will be a huge challenge how CATS and the GOOS are connected for the next generation of chief executives and business managers. The School’s Department of Management is 8 The economics of climate change now established, and looking forward to settling into its new Ralf Martin assesses the Stern Review on home in the New Academic Building, Lincoln’s Inn Fields, in climate change 2008. Saul Estrin outlines his plans for the Department. 10 Management matters How would you manage the UK economy? In 2004 a Saul Estrin introduces the new Department 17 number of former chancellors of the exchequer gave a of Management series of public lectures on their strategies. Their lectures have become a book, The Chancellors’ Tales, which LSE 12 A global perspective Director Howard Davies introduces here. The School’s Executive MBA programme is TRIUM, run in partnership with HEC Paris and NYU Stern 2007 is European Year of Equal Opportunities for All. Alumna School of Business. gives a flavour Khue Pham gives her viewpoint of being ‘forever foreign’ but Matt Mulford of the programme’s individual nature reminds us too that family meals are a universal experience. We also cover research by Bridget Hutter and Clive Jones 13 Forever foreign about the power of the consumer when it comes to food Khue Pham was born in Germany, has family roots hygiene. So, with a small final helping of LSE history from in Vietnam but finds London some kind of home George Kiloh, I hope this whets your appetite for a good read ahead. Best wishes for a happy holiday season and 14 Food, glorious food a stimulating 2007. Do shops and restaurants really take notice of food 14 hygiene laws? Bridget Hutter and Clive Jones talk about the forces that keep our food safe 16 Chancellors’ tales Howard Davies introduces a new book which Judith Higgin originated from a series of LSE public lectures by former UK chancellors of the exchequer 17 A corner of London: the Library quadrilateral LSE Magazine is published twice a year by the Press and Information Office at the George Kiloh uncovers the history of the London School of Economics and Political Science, Houghton Street, London WC2A 2AE. Cover picture: Tel: +44 (0)20 7955 7060. Fax: +44 (0)20 7852 3658. Email: [email protected] Portugal Street area and the previous occupants VEER Steven Puetzer/Getty Images Editor Judith Higgin of what is now the Library Production Editor Fiona Whiteman Alumni News Editor John Paul Nunes Art and Design Editor Claire Harrison Assistant Art and Design Editor Ailsa Drake Photography (unless stated) Nigel Stead Regulars Editorial Assistants Deirdre French, Toni Sym, Jessica Winterstein, Esther Adediran Printed by: Pindar 20 Rodent’s rambles Published by The London School of Economics and Political Science (‘LSE’), Houghton Street, London WC2A 2AE. LSE is a School of the University of London. It is a Charity and is incorporated in England as a company limited by guarantee under the Companies Acts (Reg number 70527). 21 Letters LSE Magazine online Copyright in editorial matter and in the Magazine as a whole belongs to LSE ©2006. 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I Winter 2006 I LSE Magazine I 3 LSE Asia Forum The School held its An LSE chair was announced, named in honour third LSE Asia Forum of Dr Patel and the setting up of an Observatory, in New Delhi, India, on both supported by the Reserve Bank of India and 7 December. This year’s the State Bank of India. event was dedicated to Director and Asia Forum host Howard Davies said: Dr IG Patel (pictured), ‘LSE has long been at the forefront of analysing ninth director of LSE the nature and challenges of globalisation. This between 1984 and 1990, forum focuses on investigating the challenge of and former governor of configuring organisations, public policies and social the Reserve Bank of India. reform processes so as to achieve a sustainable Keynote speakers were balance between the social, political and economic India’s prime minister opportunities offered by globalisation.’ Manmohan Singh and LSE hosted the Forum in association with LSE professors Danny Quah, Fred Halliday and a number of long term institutional partners Razeen Sally. Many distinguished alumni as well including the Reserve Bank of India, Tata Sons as business and political guests were invited to Ltd and the Confederation of Indian Industry. the Forum which had as its theme ‘Challenging More about the LSE Asia Forum at www.lse. Globalisation: reform, governance and society’. ac.uk/india and in LSE Magazine, summer 2007. New Academic Building The New Academic Building This has been one of the best years yet in terms 4 on Lincoln’s Inn Fields is of fundraising for the Campaign. The School a major priority of LSE’s was delighted with the generosity of alumnus fundraising Campaign. Vincent Cheng (BSc Econ 1993), pictured, It will house the new and the Trustees of the Wolfson Foundation Department of Management who have recently each given leadership gifts (see page 10) and the towards the New Academic Building. There Department of Law, as well as creating a great have been 15 other significant donations to this deal more teaching space for the School when it project too, and the School thanks alumni and opens in autumn 2008. donors for their generosity (see page 24). Urban Age in Berlin 7 summit brought together leading urban planners as well as an international and interdisciplinary panel of experts. A number of city mayors discussed issues of governance and the city, including Klaus Wowereit, mayor of Berlin, while other speakers such as Sir Ian Blair, commissioner of the UK’s Metropolitan Police, considered securing a city, and public life and urban space. Urban Age director Ricky Burdett said: ‘Despite The sixth Urban Age summit was held in Berlin significant economic difficulties, Berlin is a hive in November, opened by German chancellor of cultural activity, drawing a young and creative 8 Angela Merkel. crowd looking for a more affordable quality of life. Directing Berlin’s growth to take advantages The Urban Age project is a two year conference series organised by LSE and the Alfred of its strengths will be a challenge for the city Herrhausen Society, the International Forum of and its planners.’ Deutsche Bank. Previous conferences have taken place in New The project addressed the future prospects York, Shanghai, London, Mexico City and of the city by considering issues of labour, Johannesburg, and the series will continue for transport, housing and urban space.