"At a time when we are questioning the ROI of universities, this book pulls back the covers to help everyone understand the critical roles that these institutions can play in our economy. Ease of navigation and transparency are lessons that all universities should take seriously. This book underscores why the implementation of those ideals is not for the faint of heart."—Lesa Mitchell, Vice President, Ewing Marion Kauffman Foundation
Today, universities around the world find themselves going beyond the traditional roles of research and teaching to drive the development of local economies through collaborations with industry. At a time when regions with universities are seeking best practices among their peers, Shiri M. Breznitz argues against the notion that one university’s successful technology transfer model can be easily transported to another. Rather, the impact that a university can have on its local economy must be understood in terms of its idiosyncratic internal mechanisms, as well as the state and regional markets within which it operates
To illustrate her argument, Breznitz undertakes a comparative analysis of two universities, Yale and Cambridge, and the different outcomes of their attempts at technology commercialization in biotech. By contrasting these two universities—their unique policies, organizational structure, institutional culture, and location within distinct national polities—she makes a powerful case for the idea that technology transfer is dependent on highly variable historical and environmental factors. Breznitz highlights key features to weigh and engage in developing future university and economic development policies that are tailor-made for their contexts.
But a new list from PitchBook shows that a college education isn’t always a hindrance to launching a high-growth company, especially if you attend Stanford University. The California-based private college has once again topped PitchBook’s Top Universities for VC-backed Entrepreneurs. The research firm reviewed its venture-capital database of more than 13,000 founders and ranked each school by the number of graduates who went on to launch venture-backed companies over five years ending August 2014. It also calculated the total number of startups founded by a college’s alumni and total capital raised from each institution.
Stanford alumni led the pack with 378 founders. PitchBook counts a total of 309 companies originating from Stanford grads, all raising a total of $3.5 billion in venture capital.
APERHU y CENTRUM Católica, ambos líderes indiscutibles en gestión de personas, proponen al país una mirada hacia afuera, para conocer las mejores prácticas en el mundo sobre la gestión de personas, y una mirada hacia adentro, para evaluar lo que sucede en el país y obtener una propuesta que logre en nuestras empresas laboralmente responsables el éxito esperado.
Te esperamos este 4 y 5 de setiembre en la 23° edición del Congreso de Gestión de Personas enCENTRUM Católica (Jr.Daniel Alomía Robles 125, Los Álamos de Monterrico – Surco).
Público general: S/. 2,220
Corporativo (a partir de 3 ejecutivos de una misma empresa): S/.1, 800
Socios de APERHU: S/. 1,690
CENTRUM Católica (Jr. Daniel Alomía Robles 125, Los Álamos de Monterrico – Surco)
en.wikipedia.org/wiki/Richard_Florida is currently a professor and head of the Martin Prosperity Institute at the Rotman School of Management at the University of Toronto (not the author of the IMF report)
Pinning down the precise relationship between growth and inequality is a challenge. Some studies reckon inequality is mildly bad for growth. Others suggest the relationship changes as poor countries grow rich, while still others reckon it is the trend in inequality rather than its level that matters.
Research by economists at the International Monetary Fund aims to add clarity to the debate. In a 2011 paper Andrew Berg and Jonathan Ostry argued that it is the duration of spells of growth that is most important for long-run economic performance: getting an economy growing in the first place is much easier than keeping the growth spell rolling. They reckon that when growth falters, inequality is often a culprit. Latin America’s Gini index is about 50, well above that in emerging Asia, which has a Gini of about 40. (A Gini index is a measure of income concentration that ranges from 0, representing perfect equality to 100, where all income flows to a single person.) Were Latin America to close half of that gap in inequality, its typical growth spurt might last twice as long, on average.
Others reckon that it may not be inequality itself that harms growth but rather governments that tax and spend to try to reduce it. In a new paper Messrs Berg and Ostry and Charalambos Tsangarides tease out the separate effects of inequality and redistribution. They turn to a data set put together by Frederick Solt, a political scientist at the University of Iowa, containing Gini indices for 173 economies spanning a period of five decades. Mr Solt provides Ginis for both market income and net income (after taxes and transfers). The difference between the two gives the authors a measure of redistribution (see chart). In America, which does relatively little of it, redistribution trims the Gini index by roughly ten points. In Sweden, in contrast, it cuts the Gini by 23 points—more than half. Using these figures, the economists can separate out the different effects of redistribution and inequality on growth.
Up to a point, spreading the wealth around carries no growth penalty: growth in income per person is not meaningfully lower in countries with more redistribution. But economies that redistribute a lot may enjoy shorter growth spells, the authors reckon. When the gap between the market and net Ginis is 13 points or more (as in much of western Europe) further redistribution shrinks the typical expansion. The authors caution against drawing hasty conclusions. Details surely matter; nationalising firms and doling out profits would presumably be worse for growth than taxing property to fund education.
Inequality is more closely correlated with low growth...
SWEDEN continues to be one of the countries others look to for an answer to this fundamental question of our times: how can a country successfully combine increasing prosperity with a relatively egalitarian distribution?
For a period of about 100 years, from 1870 to 1970, Sweden managed to combine a wealth-generating capitalist economy with increasing equality. This remarkable development has led to the common misunderstanding that Sweden somehow shows that socialism can work. As I document in a new book, Sweden was not very socialist when prosperity accelerated. Swedish taxes were as low as those in the US (or even lower) until around 1960. It would be more correct to use Sweden as an example of how capitalism fosters prosperity...
“The exam was in Spanish and based on the Spanish educational system, with parts of it on Spanish literature, so it was very hard for overseas students to pass,” said Antonio de Castro Carpeño, dean of undergraduate studies at IE University, a private institution based in Segovia and Madrid.
Corruption continues to be a big challenge for Europe - a phenomenon that costs the EU economy around 120 billion euros per year. Europeans are deeply worried about corruption - 76% of them believe that corruption is widespread according to a recent Eurobarometer survey.
Published online: 09 April 2014
School of Politics and International Relations, University of Nottingham
The financial cost of corruption has recently been estimated at more than 5 per cent of global GDP. Yet, despite the widespread agreement that corruption is one of the most pressing policy challenges facing world leaders, it remains as widespread today, possibly even more so, as it was when concerted international attention began being devoted to the issue following the end of the Cold War. In reality, we still have a relatively weak understanding of how best to measure corruption and how to develop effective guides to action from such measurement. This paper provides a detailed review of existing approaches to measuring corruption, focusing in particular on perception-based and non-perceptual approaches. We highlight a gap between the conceptualisation of corruption and its measurement, and argue that there is a tension between the demands of policy-makers and anti-corruption activists on the one hand, and the motivations of academic researchers on the other. The search for actionable answers on the part of the former sits uncomfortably with the latter’s focus on the inherent complexity of corruption.
Jennifer L. Castle, David F. Hendry, 13 August 2014
A typical Oxford University econometrics exam question might take the form: “Data mining is bad, so mining with more candidate variables than observations must be pernicious. Discuss.” Similar questions may well be asked at other academic institutions, but there may be few outside Oxford University where the candidates are expected to refute both myths. This column explains why that is the right answer.
"The Intersection between Entrepreneurship and the Base of the Pyramid: What’s the Evolving Role of Strategy in Social Entrepreneurship?"
Saturday, 20 September 2014, from 10:00 a.m. until 1:00 p.m. Lunch to follow.
Generously sponsored by:
IE (Instituto de Empresa Business School, Madrid)
This pre-conference workshop gathers together an impressive panel of Base of the Pyramid and social entrepreneurship scholars and practitioners. Using their professional and personal life experiences as points of departure, they will discuss how scholarship and real-world initiatives have evolved in recent years, and whether/how these two worlds have informed and continue to inform firm-level strategy formulation and implementation.
...“I think what sets my research apart, in part, comes from where I’m situated and what my background is. Most lawyers who decide to become professors go on to teach in law schools, but I chose to come to a business school. Obviously, my research is very connected to the idea of the role that business plays in society. I think what sets my research apart, in part, is the fact that I’m kind of bridging these two worlds and trying to have a conversation, not only with other legal scholars, but also with business and management scholars...
Excellent Sheep: The Miseducation of the American Elite and the Way to a Meaningful Life (Amazon) - Free Press (August 19, 2014)
"William Deresiewicz is one of America's best young public intellectuals. He has written a passionate, deeply informed, and searing critique of the way we are educating our young. Whether you agree or disagree - and I found myself doing both - you must read this book. It should spark a great debate on America's campuses and beyond." (Fareed Zakaria, author of The Post-American World)