CREATING PUBLIC VALUE BY ENGAGING BUSINESS AND GOVERNMENTGOVERNMENT Seminars & Events M - RCBG ED BALLS PLANNING AND PETER MILESTONE SANDS PFUBLISHALL EVENTS ON Seminars & Events M-RCBG has over 80 seminars USINESS WNERS AND REXIT As M-RCBG continues toB celebrate the 30th O anniversary of the Center’sB founding, it is planning Mand-RCBG events has over scheduled 30 seminars each and events scheduled for the fall semester. Below is a numerous events this semester as it continues to seek new ways to add value to our changing semester. Below are a few of the worldl Among them are: British businesses want to stay in the customs small selection. Please see our website upcoming events. For a complete union and the single market after Brexit, accord- (www.hks.harvard.edu/centers/mrcbg) for a A 30th anniversary forum lecture on “The Vexed Relationship between Business & Govern- completelisting, listing. visit www.mrcbg.org. ment”. Speakers will include Centering to Director a Harvard Lawrence survey Summers, conducted Prof. Roger by Porter,M-RCBG Ben Heineman and Nina Easton (JFKresearch Jr. Forum, fellow October Ed 30, Balls 6pm).. The former shadow Regulatory Policy: The James Hammitt,EU Harvard Variation; School of Public The 2012 Glauber Lecture featuring Ed Haldeman, former CEO of Freddie Mac (JFK Jr. Fo- chancellor interviewed over 120 individual busi- Health. PositiveElizabeth v. Normative Golberg, Justifications rum, October 18, 6pm). nesses, trade associations and experts in Britain of Cost Benefit Analysis.European Bell Hall,Commis- October 4, 11:45-1pm. The 20th Doyukai Symposium will focus on “A Vision for Japan in 20 Years”. Speakers will sion. Bell, March 8. about the type of deal they wanted and has include Joseph Nye, Roger Porter, Anthony Saich, and Ezra Vogel. (November 19). 11:45am-1pm. recently published the findings in a report written Christopher Knittel, MIT. Embracing our For additional information about any of these events, please contact [email protected] or with M-RCBG research fellow Peter Sands. Differences: Heterogeneous Externalities and call XXX. Methane: A Uniquely their Implications for Welfare. Littauer-382, Difficult Greenhouse The paper represents the second phase of a October 10, 4:10-5:30pm. Gas Mitigation research project exploring the challenges and STUDENTS REPORT ON SUMMER INTERNSHIP EXPERIENCES Problem; Robert opportunities from the perspective of mid-sized MatthewKleinberg, Baum, Schlum- Cary Coglianese, and Richardberger Zeckhauser. Regulatory Break- British businesses. Their research seeks to identify . Bell, March This past summer, M-RCBG provided financial support to 17 HKS students, enabling them to down:19. 12 The-1:30pm. Crisis of Confidence in U.S. Regu- undertake internships in a variety ofand settings discuss around the the issues globe. Studentsand priorities worked atof the mid US- sizedDepart- lation, Bell Hall. October 11, 11:45-1pm. ment of the Treasury, United Nations Capital Development Fund, International Finance Corpora- How People Update British businesses as the UK progresses towards Dale Jorgenson, Harvard University. tion, Asian Development Bank, and numerous small non-governmental organizations, testing new Beliefs about Climate exiting the European Union. Comprehensive Tax Reform and U.S. Energy approaches to improve trade, create economic opportunity, and strengthen regulation. The range Change: Good News Policy. Bell Hall, Octoberand Bad 15, News;12:15-1:45pm. Cass and impact of these internships is notable. Robert Boudreau (MPA 13) prepared policy briefs for They argue that Brexit presents profound changes Sunstein, Harvard. senior officials at the U.S. Treasury, Office of International Banking and Securities Regulation. Thomas Covert, HarvardL-382, UniversityMarch 28.. Working on a smaller scale, Jonathanfor Elist British (MPA businesses:13) developed fromalternative how forms they of trade, credit report-to Learning and Experimentation4:15-5:30pm. in the North ing for Rent Reporters in Pasadena. Twohow students they are worked regulated with Instiglio, and how an organization they employ founded Dakota Bakken Shale. Littauer-382, October by HKS students to bring social impactpeople. bonds Highlightsto developing from countries. this secondPiyush Jain phase (MPP of 13) ex- 10, 4:10-5:30pm. plored the potential for social impact bonds to deliver social services in India, and Eunice Lim The Geopolitics of research include: most businesses want to remain (MPP 13) tested their potential to address at-risk youth in Colombia. Prad Kerdpairoj (MPAID 13) Energy; Jason David Greene, University of Tennessee. provided technical support to Impactin Investment the Single Shujog Market, Limited and in ifSingapore, that proves and Pragya impossi- Lohani Bordoff, Columbia. OilBell, Dependence: March What29. Does it Really Cost (MPP 13) helped develop governmentble, strategies to stay to in promote the Customs business Union;development most in business-Sri Lanka. Us? Bell Hall, October 22, 12:15-1:45pm. Several students plan to use their summer experience as the basis for Policy Analysis Exercises this 11:45am-1pm. es fear Brexit will result in more regulation, not year. less; and almost all British businesses want to Howard Kunreuther, University of Penn- maintain flexible access to EU labour. sylvania. IntegratedA Risk Progress and Uncertainty Report on Assessment of ClimateDeconstructing Change Response the With support from M-RCBG, Mariella Amemiya Balls and Sands conclude from these interviews that most British business Policies. Littauer-382,Expert October State; 10, 4:10Joe- (MPAID 13) spent the summer working with the 5:30pm. Goffman, Harvard leaders are concerned that the current pathUnited of Nations Brexit Economic could and well Social cause Commission signifi- for Environmental cant damage to business, both because theAsia endand Pacific,-point in Bangkok,will inevitably Thailand, to mean develop trade and investment strategies for the Asia Pacific Rio+20 Panel Discussion.Law Program Collective .Ac- Bell, April 5. 11:45am- more barriers to trade, most likely moreregion. regulation, and almost certainly less tion within the Financial Sector. Allison 1pm. influence; and because the process of leaving the EU is creating huge uncer- Dining Room, October 25, 11:45-1pm. tainties and diverting management efforts. Other contributing authors include Eleanor Hallam, Sebastian Leape, Mehek CSRI Senior Fellows Si- Several of M-RCBG’s seminars mon@HKS_BizGov Zadek and Salil Sethi and Nyasha Weinberg. are now videos accessible for Tripathi Discuss viewing via Vimeo. To access, To download the paper, visit: www.hks.harvard.edu/centers/mrcbg/publications/ visit: Grievancevimeo.com/mrcbg Mechanisms awp. MRCBG Weil Hall |79 JFK Street | Cambridge | Massachusetts | 02138 Summers, Dalio discuss truth and the global economy Growthpolicy.org releases four new interviews M-RCBG’s Growthpolicy.org pulls together the work of economists, lawyers, political scientists, historians, sociologists, and educators, from across Harvard’s undergraduate and graduate schools. It captures rig- orous research as well as the key takeaways from that research. More than half of the entries are blog posts, opinion pieces, interviews, cases, and conference presentations. Here are four recently posted interviews. Income inequality, financial crises, Corpo- rate Social Responsibility, and securities Few people are more qualified to dispense business philos- legislation with Allen Ferrell, Greenfield ophy in Cambridge than investor and hedge-fund manag- Professor of Securities Law at Harvard er Ray Dalio (above right), an HBS graduate and one of the Law School. 100 richest people in the world. The event was hosted by the Institute of Politics and co-sponsored by M-RCBG. The future of jobs, income inequality, tax reform, and financial fraud with Mihir Last fall Dalio published “Principles,” a book that outlines Desai, Mizuho Financial Group the philosophies behind his work at Bridgewater Associ- Professor of Finance at Harvard Business ates, the investment management firm he started in 1975 School and Professor of Law at Harvard after earning his MBA. Addressing a standing-room-only Law School. audience at HKS in February, he discussed “Pursuing Truth in the Global Economy” with M-RCBG Director Lar- ry Summers (above left). The future of jobs, economic mobility, and decision making in Shakespeare with Summers introduced Dalio as “an American success sto- Stephen Greenblatt, Cogan University ry,” one of whose first paying jobs was a golf caddy. Sum- Professor of the Humanities at Harvard. mers said that Dalio had already become a successful trad- er before coming to Harvard — making his first purchase of Northeast Airlines stock at age 12. “I only bought that Preventing the next financial stock because it was the only company I could find that crisis, behavioral ethics, and becoming was selling for less than $5 a share, so I thought I’d get good decision makers with Max more money if it went up. Dumb, isn’t it?” Dalio said. Still, Bazerman, Jesse Isidor Straus Professor of Northeast’s value tripled, and that gave Dalio his first Business Administration at Harvard Busi- modest success. “From then on, Ray was hooked,” Sum- ness School, Co-Director of the Center for mers said. Public Leadership at Harvard Kennedy School, and Faculty Co-Chair of the Behavioral In- But much of the discussion was less about economics and sights Group at the Harvard Kennedy School. more about the principles guiding Dalio’s