Chazen Global Business Forum: Globalization After the US Election
April 4, 2024
Minouche Shafik
President, Columbia University
Minouche Shafik is the 20th President of Columbia University in the City of New York and Professor of International and Public Affairs at the School of International and Public Affairs. She is an economist, policymaker, and higher education leader who has spent over three decades in leadership roles across a range of prominent international and academic institutions. From 2017 to 2023 she was President and Vice Chancellor of the London School of Economics and Political Science (LSE), a world-leading center for research and teaching in the social sciences.
Before her tenure at LSE, Shafik served as Deputy Governor of the Bank of England, where she led work on fighting misconduct in financial markets and managed a balance sheet of about $600 billion; Deputy Managing Director of the International Monetary Fund, navigating turbulence surrounding the European debt crisis and the Arab Spring; Permanent Secretary of the United Kingdom's Department for International Development, where she helped secure the UK's commitment to giving 0.7% of GDP in aid and focused on fighting poverty in the poorest countries in the world; and the youngest-ever Vice President of the World Bank, where she worked on the institution's first-ever report on the environment, led work on infrastructure and private sector investment, and advised governments in post-communist Eastern Europe. She is a trustee of the Bill & Melinda Gates Foundation.
Shafik received her BA from the University of Massachusetts Amherst, MSc from LSE, and DPhil from St Antony's College, Oxford. She holds a life peerage and membership of the House of Lords, a damehood for services to the global economy, an honorary fellowship of the British Academy, and several honorary degrees. She is married to Raffael Jovine, a molecular biologist, with whom she has two college-aged children and three adult stepchildren.
Joseph Stiglitz
Nobel Prize Laureate
University Professor, Columbia University
Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. Stiglitz was awarded the Nobel Memorial Prize in Economic Sciences in 2001. He is a former senior vice president and chief economist of the World Bank and a former chairman of the U.S. Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. He has been named by Time magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz's research focuses on income distribution, climate change, corporate governance, public policy, macroeconomics and globalization. He is the author of numerous books including, most recently, People, Power, and Profits, Rewriting the Rules of the European Economy, and Globalization and Its Discontents Revisited.
Xavier Rolet '84
Former CEO, London Stock Exchange
Xavier Rolet '84 is a member of the Columbia Business School Board, a Harvard University Fellow, and a board member of the Yale University Center for Business and the Environment. His career includes serving as CEO of the London Stock Exchange Group, CEO of CQS Management, Chairman of Phosagro PJSC, and board member at Seplat Energy Plc. He has also held senior positions at Goldman Sachs, First Boston, and Lehman Brothers. A tireless advocate for startups and SMEs, he was recognized by Harvard Business Review as one of the top 100 CEOs in the world. An Honorary Fellow of the Chartered Institute for Securities and Investments, he served as a member of the Financial Services Trade and Investment Board of HM Treasury and the Committee of Expert Advisers at the UK Department of International Trade and was a member of Prime Minister David Cameron's Business Advisory Group.
Rolet chairs the board of Shore Capital Markets and serves on the boards of Saudi Tadawul Group, Wamid AS, KM Dastur Ltd, the Public Investment Fund, Towerbrook Capital Partners, and Ranchlands Inc. In addition, he is a Managing Partner of Grayling Centennial LLC and Red Rock Lakes LLC.
Thirty years ago, Rolet founded La Verrière, turning an abandoned Provencal priory into a home to the super-premium organic wine brand Chêne Bleu. A keen natural horseman, fly-fisherman, beekeeper and Rally Raid racer, Rolet is currently restoring an endangered native holarctic adfluvial Arctic Grayling habitat in the Centennial Mountains, in cooperation with the Montana Fish, Wildlife, and Parks agency. He was knighted as an honorary KBE, a Knight of the French Legion of Honor, an Officer of the Royal Sharifian Order of Al-Alawi and an echansonnier of Chateauneuf-du-Pape.
Rolet holds a post graduate degree in defense studies from IHEDN, an MBA from Columbia Business School, and an MSc from Kedge Business School.
Moderator: Glenn Hubbard, Dean Emeritus
Director, Jerome A. Chazen Institute for Global Business
Russell L. Carson Professor of Finance and Economics
Glenn Hubbard is dean emeritus, director of the Jerome A. Chazen Institute for Global Business, and Russell L. Carson Professor of Finance and Economics at Columbia Business School. A Columbia faculty member since 1988, he served as dean from 2004 to 2019.
Hubbard received his BA and BS degrees summa cum laude from the University of Central Florida, where he received the National Society of Professional Engineers Award. He also holds AM and PhD degrees in economics from Harvard University. After graduating from Harvard, Hubbard began his teaching career at Northwestern University, moving to Columbia in 1988. He has been a visiting professor at Harvard's Kennedy School of Government and Harvard Business School as well as the University of Chicago. Hubbard also held the John M. Olin Fellowship at the National Bureau of Economic Research.
In addition to writing more than 100 scholarly articles in economics and finance, Glenn is the author of three popular textbooks, as well as co-author of The Aid Trap: Hard Truths About Ending Poverty, Balance: The Economics of Great Powers From Ancient Rome to Modern America, and Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System. His commentaries appear in Business Week, the Wall Street Journal, the New York Times, the Financial Times, the Washington Post, Nikkei, and the Daily Yomiuri, as well as on television and radio.
In government, Hubbard served as deputy assistant secretary for tax policy at the U.S. Treasury Department from 1991 to 1993. From February 2001 until March 2003, he was chairman of the U.S. Council of Economic Advisers under President George W. Bush. While serving as CEA chairman, he also chaired the economic policy committee of the OECD. In the corporate sector, he is Chairman of the Board of MetLife, a director of ADP and BlackRock Fixed Income Funds. Hubbard is co-chair of the Committee on Capital Markets Regulation; he is a past Chair of the Economic Club of New York and a past co-chair of the Study Group on Corporate Boards. Hubbard and his family live in New York.