The Road Back: From Economic Meltdown to Renewal
October 11, 2009 — Maples Pavilion
Scholars, politicians, and government officials will long debate the question of whether the economic collapse of 2008-2009 has fundamentally altered the world's established economic and social paradigms. At home and abroad there will be questions as to whether the U.S. will remain in its traditional economic and political leadership role, or be overshadowed by new engines of economic growth and prosperity.
Optimists point to Silicon Valley-style innovation, new technologies, and entrepreneurship as the solution to regaining economic momentum both in America, and around the world.
Others look to shifting centers of economic vitality to places like China and India as the world’s economic superpowers of the future.
In this emerging new hyper-competitive world economy, where is the road to recovery and renewal? As we emerge from the worst financial crisis since the Great Depression, what changes can we expect to see, and are there silver linings to be found? What will the long-term impact be on our lives and our fellow citizens around the globe?
Renowned interviewer Charlie Rose moderated a distinguished panel of leaders at the fourth Roundtable at Stanford University.
John L. Hennessy is Stanford University's 10th president and inaugural holder of the Bing Presidential Professorship, professor of computer science and electrical engineering, former provost and dean of the School of Engineering. Recognizing the need for multidisciplinary research to address today's challenges, he has launched university-wide initiatives in human health, environmental sustainability, and international affairs.
Charlie Rose (moderator) is an Emmy award winning journalist who has been praised as “one of America's premier interviewers.” He is the host of Charlie Rose, the nightly PBS program that engages the world's best thinkers, writers, politicians, athletes, entertainers, business leaders, scientists and other newsmakers.
Caroline Hoxby, Scott and Donya Bommer Professor of Economics at Stanford, is a senior fellow at the Hoover Institution. She is also the director of the Economics of Education Program at the National Bureau of Economic Research, and a presidential appointee to the National Board of Education Sciences. A public and labor economist, she is a leading scholar in the economics of education. Professor Hoxby has a PhD from MIT, studied at Oxford as a Rhodes Scholar, and obtained her BA from Harvard University. She is currently researching how education affects economic growth; globalization in higher education; peer effects in education; and the effects of charter schools on student achievement.
Guillermo Ortiz has been Governor of the Bank of Mexico since 1998 and is now in his second term. Previously, he was Secretary of Finance and Public Credit. Dr. Ortiz was also Undersecretary of Finance and Public Credit in the Mexican Federal Government and before that, Executive Director at the International Monetary Fund and manager and economist in the Economic Research department of the Bank of Mexico. He is a member of the Group of Thirty and Chairman of the Board of the Bank for International Settlements (BIS).
Dr. Ortiz earned a BA in economics from the Universidad Nacional Autónoma de México and later a PhD in economics from Stanford University.
Penny Pritzker is a business executive, civic leader, and philanthropist who serves on the President’s Economic Recovery Advisory Board, formulating and evaluating economic policy for the administration. She was national finance chair of the Obama campaign and co-chair of the Inaugural Committee. Ms. Pritzker is chairman of the board of Classic Residence by Hyatt, The Parking Spot, Pritzker Realty Group, and TransUnion. She also sits on the boards of Global Hyatt Corporation and the Council on Foreign Relations, ischairman of the Chicago Public Education Fund, andamember of the Chicago 2016 Olympic Bid Committee. Ms. Pritzker earned her BA in economics from Harvard University and JD and MBA degrees from Stanford.
Garth Saloner, Philip H. Knight Professor, is the ninth dean of the Stanford Graduate School of Business. A faculty member since 1990, he has twice won the Distinguished Teaching Award. He has taught management, strategy, entrepreneurship, and e-commerce, in addition to executive education programs around the world. Dean Saloner launched the Summer Institute for Entrepreneurship to teach entrepreneurial skills to non-business students, and pioneered the study of network effects and their implications. A native of South Africa, he did his undergraduate work and MBA at the University of the Witwatersrand in Johannesburg, and earned two master’s degrees and a PhD at Stanford.
Eric Schmidt, Chairman of the Board and CEO of Google, joined the company in 2001. He has helped grow Google from a Silicon Valley start-up to a global enterprise. With the executive team, he oversees technical and business strategy. Prior to joining Google, Mr. Schmidt was the chairman and CEO of Novell and chief technology officer at Sun Microsystems. In addition to serving on President Obama’s Council of Advisors on Science and Technology, Mr. Schmidt is a member of the National Academy of Engineering, the American Academy of Arts & Sciences, and chairman of the New America Foundation. He holds a BA in electrical engineering from Princeton University and a master’s and PhD in computer science from the University of California, Berkeley.