Word: globalization
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...airplane you create redundancies to try to mitigate bad outcomes, but as we saw earlier this year with Air France 447, when certain cascading events line up, they can lead to a disaster that you just can't anticipate. In the realm of the social, we create institutions like global, interconnected markets. By and large when investors are operating with some degree of diversity, when they're thinking about things differently - time horizons, trading strategies - the markets are basically efficient. But what we know is that people episodically coordinate their behavior. They all become optimistic or pessimistic, and that leads...
...campaign, co-sponsored by the Harvard College Global Health and AIDS Coalition (HCGHAC) and other student groups, generated roughly $6000 for charity and close to a thousand signatures on an online petition...
Last year, HCGHAC campaigned in support of University investment in a global health center and in research for neglected diseases, but the global economic downturn prompted the group to reevaluate their priorities...
According to group member Jillian L. Irwin ’11, HCGHAC’s next move is to work closely with the administration in order to ensure “concrete knowledge that global access will be implemented in the negotiating process...
...China launching a new stock market board when the prospects for the global economy look so uncertain and investors appear to be souring on IPOs? Like many other counter-intuitive decisions in the communist state, this one also has a method to the seeming madness. It may not look like it, but GEM is actually an important plank in a campaign to tackle one of the country's most pressing predicaments: how to nurture small and medium-sized enterprises (SMEs), which create nearly eight out of 10 jobs, pay 50% of taxes and account for 60% of gross domestic product...