Senior Fellows

2015-2016

Barbara Anthony
Ole Gunnar Austvik
Ed Balls
Jo Ann Barefoot
Raymond Fisher
Thomas J. Healey
Lewis Kaden
Derek Kirkland
Marshall Lux
Lawrence Makovich
Stanley Marcuss
Karen Gordon Mills
Peter Sands
Paul Verdin
Simon Winter

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Barbara Anthony (on leave Fall 2015)
Barbara Anthony served as Massachusetts Undersecretary of the Office of Consumer Affairs and Business Regulation from 2009 to 2015 where she oversaw five state regulatory agencies. Among her accomplishments, Anthony oversaw implementation of the state’s Data Security Law and regulations, helped slow health insurance rate increases, helped implement the state’s 2012 Health Care Cost Containment Law, and oversaw efforts to reform the mortgage foreclosure process.  She also spearheaded a campaign to empower Massachusetts healthcare consumers through price and quality transparency.  Previously, Anthony was Executive Director of Health Law Advocates, the Boston-based non-profit law firm dedicated to health care access; Regional Director of the Northeast Regional Office of the Federal Trade Commission; Chief of the Public Protection Bureau of the MA Attorney General’s Office; and Vice President and Chief Compliance Officer for BayBanks, Inc.  Anthony began her legal career as a Trial Attorney in the Antitrust Division of the U.S. Department of Justice in Washington, D.C.  She is a graduate of Suffolk University Law School, where she currently teaches a course in Consumer Law and Business Regulation.  She holds masters in economics and a bachelor of science in business administration degrees from Northeastern University.  She serves on the board of trustees of the Cambridge Health Alliance, Cambridge Community Cable Television, the state Treasurer’s Financial Literacy Trust Fund Board and the Advisory Board of the Rappaport Center for Law and Public Policy at Boston College Law School. She is a Senior Fellow in Healthcare at the Pioneer Institute in Boston where she focuses on transparency in healthcare.  As a senior fellow at M-RCBG, Anthony is researching and writing about Massachusetts healthcare cost containment efforts. Her faculty sponsor is Joseph Newhouse, John D. MacArthur Professor of Health Policy and Management.  Email: barbara_anthony@hks.harvard.edu

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Ole Gunnar Austvik
Ole Gunnar Austvik is professor at BI Norwegian Business School and the Norwegian Institute of International Affairs (NUPI). He is on leave from and adjuncted lecturer at Lillehammer University College (HiL) where he for many years was professor and provost/head of research. He has previously also worked with Statistics Norway (SSB). Austvik holds a doctorate in political science and a master in economics (cand.oecon) from University of Oslo. He also holds an MPA from Harvard Kennedy School. He has written numerous articles and books on international economics and political economy, the interaction between national and international policy making, business and government relationships, the European Union, oil and natural gas markets, the geopolitics of oil and gas, petroleum economics, energy security, Norwegian oil and gas policy, innovation, and political entrepreneurship. As a senior fellow, he will explore the fields of international political economy, energy economics, and European integration. His faculty sponsor is William Hogan, Raymond Plank Professor of Global Energy Policy and Harvard Electricity Policy Group (HEPG) Research Director. Web: www.oga.no. Email: ole_austvik@hks.harvard.edu

Apply to be Ole Austvik's research assistant

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Ed Balls
Ed Balls was UK Shadow Chancellor from 2011 to 2015 and co-chaired the Inclusive Prosperity Commission with former US Treasury Secretary, Larry Summers, which reported in January 2015.  He served in the British Cabinet as Education Secretary (2007-2010). He was previously the UK Minister for Financial Services (2006-2007) and the Chief Economic Adviser to the UK Treasury (1997-2004), during which time he was the Chair of the IMFC Deputies and UK G20 Deputy.  He was the Labour & Co-operative Member of Parliament for Morley and Outwood (2010-2015) and MP for Normanton (2005-2010).  As Chief Economic Adviser to the Treasury (1997-2004), Balls led the design of policies including independence of the Bank of England, the New Deal jobs programme, the Five Tests Euro assessment, Sure Start, tax credits and the national minimum wage. As a Treasury Minister, he was commissioned by the G7 Finance Ministers to prepare a report with Sir Jon Cunliffe (now deputy Governor of the Bank of England) on Economic Aspects of the Israel-Palestine conflict.  At the Department for Children, Schools and Families, Balls brought together schools and children's policy for the first time in the Children's Plan and pushed through radical and progressive policies including raising the education and training age to 18, reform of the social work profession, establishing the support staff negotiating body and extra investment in youth services and short breaks for disabled children and their families.  As Shadow Chancellor, he was awarded the Spectator Parliamentarian of the Year and the Political Studies Association Politician of the Year.  Balls received his MPA from HKS in 1990, was a teaching fellow in Harvard’s Department of Economics (1989-90), and was a leader writer and columnist at the Financial Times (1990-94) where he was the WINCOTT Young Financial Journalist of the Year. He has also written regularly for the Guardian, New Statesman and Tribune and co-authored a number of books, papers, articles and pamphlets.  His faculty sponsor is Lawrence Summers, Charles W. Eliot University Professor of Harvard University and Director of the Mossavar-Rahmani Center for Business and Government.  Email: ed_balls@hks.harvard.edu

Apply to be Ed Balls' research assistant

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Jo Ann Barefoot
Jo Ann Barefoot is CEO of Jo Ann Barefoot Group, LLC. She has worked for over thirty-five years in private and public sector roles focused on consumer financial protection, inclusion, and technology. As Deputy Comptroller of the Currency she established the first federal consumer protection oversight function for national banks. She has served on the staff of the U. S. Senate Committee on Banking, Housing and Urban Affairs; was Co-chair of Treliant Risk Advisors; and was Partner and Managing Director at KPMG, leading the firm’s privacy practice and a nationwide consumer finance consulting group. Barefoot has advised all of America’s largest financial institutions, many other financial companies, various federal agencies, and numerous community banks and non-profits. She serves on the Consumer Advisory Board to the new federal Consumer Financial Protection Bureau; is a member of the board of the Center for Financial Services Innovation; and serves on advisory boards to several fintech startups.  She produces the podcast interview series Barefoot Innovation, speaks annually to thousands of people, has authored four books on bank regulatory matters and has published nearly 200 articles. She was the primary author of Common Ground -- Increasing Consumer Benefits and Reducing Costs in Bank Regulation, published by the University of Wisconsin. She was an International Visitor to the European Community and has worked in rural India with micro-finance and education in leprosy communities. Barefoot’s research project is entitled, “Regulation Innovation – Protecting Consumers through Technology and Trust,” and her faculty sponsor is Brigitte Madrian, Aetna Professor of Public Policy and Corporate Management. Email: joann_barefoot@hks.harvard.edu

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Raymond Fisher
Ray Fisher recently received his MPA from Harvard Kennedy School and was previously a finance lawyer for 23 years, specializing in securities law.  His research focus at M-RCBG will be the regulation of non-bank financial institutions. Fisher graduated from Harvard College in 1985.  He spent a year in Cairo, Egypt as a Presidential Intern at the American University of Cairo before enrolling at New York University School of Law.  He received his JD from NYU in 1990 and his MA in politics from NYU in 1991.  His 2015 MPA from HKS was essentially a master’s degree in economics, with substantial work in macroeconomics, microeconomics, statistical analysis and financial regulation.  His legal career encompassed transactions for companies in North and South America, Europe, the Middle East, India and East Asia, representing both companies that were raising funds and the banks who were arranging the transactions.  He was a partner at three multinational law firms with considerable finance expertise:  Milbank Tweed in New York (focusing especially on Latin America), Linklaters in Frankfurt, New York and São Paulo and Ashurst in London.  His legal career gave him considerable exposure to financial regulation in a variety of jurisdictions, including the United States, the United Kingdom, numerous other European countries (especially Germany and Spain) and Latin America (especially Brazil).  Non-bank financial institutions account for the majority of assets in our financial system.  During his time as a senior fellow, Fisher will explore approaches to regulation of these institutions that promote efficiency and are minimally intrusive while enhancing economic stability and consumer protection.
His faculty advisor is Robert Glauber, Adjunct Lecturer of Public Policy.  Email: ray_fisher@hks.harvard.edu

Apply to be Ray Fisher's research assistant

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Thomas J. Healey
Thomas Healey is a Partner at Healey Development LLC. He recently co-edited a book on the financial crisis based on papers presented at an M-RCBG conference. He was formerly adjunct lecturer at the Kennedy School, where he taught the course in Financial Institutions and Markets. He joined Goldman, Sachs & Co. in 1985 to create the Real Estate Capital Markets Group, and founded the Pension Services Group in 1990. He became a Partner in 1988, a Managing Director in 1996, and remains a Senior Director of Goldman Sachs. Prior to joining Goldman Sachs, Healey served as Assistant Secretary of the U.S. Treasury for Domestic Finance under President Ronald Reagan. Before joining the U.S. Treasury, he spent eight years at Dean Witter Reynolds, Inc., where he was head of the Corporate Finance Department. Healey has served on the U.S. Department of Labor's ERISA Advisory Council, and was a Presidentially-appointed Director of the Securities Industry Protection Corporation. He is Chairman of the Rockefeller Foundation Investment Committee and is actively involved with other charitable institutions. Healey graduated from Georgetown University in 1964 and Harvard Business School in 1966. His research explores issues related to financial regulation. His faculty sponsor is Roger Porter, IBM Professor of Business and Government.
email: thomas_healey@hks.harvard.edu

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Lewis Kaden
Lewis Kaden retired as Vice Chairman of Citigroup in 2013, which he had joined in 2005. At Citi, he was a member of the Executive Committee, Business Heads Committee, and Business Development Committee; he was Chairman of the Business Practices Committee, Controls and Compliance Committee, the Public Sector Clients Group, and the Citi Foundation. He is the Lead Independent Director of ArcelorMittal, Chairman of the Board of Trustees of the Markle Foundation, and Vice Chairman of the Board of Trustees of the Asia Society. He is a Trustee of Human Rights First, the Century Foundation, the Business Council for International Understanding, and the Center for New American Security, and a member of the Council on Foreign Relations, the Trilateral Commission and the Advisory Council of the Stanford University Center on Longevity. Before joining Citigroup, he was a partner at Davis Polk & Wardwell. Previously, he was a Professor of Law at Columbia University from 1976 to 1984 and Director of Columbia’s Center for Law and Economic Studies from 1980 to 1984. He served as a moderator for the Public Broadcasting System’s Media and Society Seminars, including the “Ethics in America” series, which won a Peabody award. Additionally, Kaden served as Chairman of the United States Government Overseas Presence Advisory Panel (1999-2000), the Industrial Cooperation Council of the State of New York, and Governor Mario Cuomo’s Commission on Competitiveness (1987-1992). He graduated from Harvard College and Harvard Law School, where he was an editor of the Law Review. During 1963-64, he was the John Harvard Scholar at Emmanuel College, Cambridge University. His faculty sponsor is Richard Zeckhauser, Frank Plumpton Ramsey Professor of Political Economy. email: lewis_kaden@hks.harvard.edu

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Derek Kirkland
Derek Kirkland is currently Vice-Chairman of Investment Banking at Morgan Stanley, where he has worked in the Financial Institutions Group (“FIG”) for almost 29 years, advising clients on their capital markets and M&A strategies. Morgan Stanley’s FIG business is broad; half of its revenues originate outside the US, and it works for both “incumbents” and “disrupters.” Kirkland’s career reflected that breadth, with long assignments in each of New York, London, and San Francisco.  His career was driven by waves of transactions as his clients responded to globalization, IT, and de-regulation, including: forming EU-wide and US national banks; developing US national and global insurers, and separating-out health insurers; creating a “Fin-Tech” industry; investing in Asia and Latin America in the last decade; and, not least, recapitalizing banks and insurers after the financial crisis, and selectively dismantling pan-European institutions.  Although his career was in financial services, Kirkland has kept an abiding interest in energy policy ever since studying for his MPP at HKS in 2003. Concerned about climate change and at the inadequacy of the US policy response, Kirkland intends to focus on the role of federally funded energy research as a tool to abate GHG emissions.  Prior to Morgan Stanley, Mr. Kirkland worked at Booz-Allen. He received an MPP from HKS in 2003 and a BA from Princeton in 1979.  He is a member of the board of the Third Way, a center-progressive think-tank. He is active in the Center for Responsible Growth, a small think-tank exploring the possibility of enacting a carbon-tax in the next Congress.  His faculty sponsor is William Hogan, Raymond Plank Professor of Global Energy Policy and Research Director of the Harvard Electricity Policy Group (HEPG).  Email: derek_kirkland@hks.harvard.edu

Apply to be Derek Kirkland's research assistant

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Marshall Lux
Marshall Lux has served as a financial-services consultant advising some of the world’s most important bankers, financiers, and C-suite executives for nearly 30 years. Most recently, he has served as a senior partner and managing director at The Boston Consulting Group (BCG), and the head of its North American private equity practice, which he helped build. He has transitioned to be a Senior Advisor at BCG, where he will continue to remain active, to devote time to his role as senior fellow and to serve on corporate and private equity boards. Lux has built a wide network of financial institutions and private equity firms globally and has worked on due diligence for some of the largest private equity deals in history. During 2008-2009, he served as chief risk officer for all consumer products at JPMorgan Chase & Co. He reported to the bank's board, dealt with regulators, oversaw some 10,000 people and managed mortgages, credit cards, auto and student loans on a daily basis. Later, Lux moved into financial-services investment banking as an MD overseeing mergers and acquisitions and related financings. Throughout his career, Lux has also participated in 35 pro bono assignments and has served on a number of non-profit boards, including the Harlem Children’s Zone, the New York Historical Society’s Chairman’s Council, the New York Tenement Museum, Junior Achievement, and Reading is Fundamental. After 9/11, Lux was one of the leaders of a cross-firm consortium looking at the cost of the attack on various New York industries, personally overseeing the financial module. He also worked for the New York City Fire Department, analyzing the 9/11 audio tapes to understand how to be better prepared for future events; ten years later, he returned to develop an operational strategy through 2020 for the NYFD. In the past year, he designed and taught a course at New York University’s Stern School of Business on consulting and he was recently accepted as a member of the Council on Foreign Relations. As a senior fellow, Lux, a summa cum laude graduate of Princeton University’s Woodrow Wilson School and a Ford and Baker Scholar at Harvard Business School, is focusing on the unanticipated consequences of the Dodd-Frank Reform and Consumer Protection Act. Robert Glauber, Adjunct Lecturer of Public Policy, has agreed to serve as sponsor on the project. email: marshall_lux@hks.harvard.edu

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Lawrence Makovich
Larry Makovich, IHS CERA Vice President and Senior Advisor for Global Power, is a highly respected expert on the electric power industry. He directs IHS CERA research efforts in the power sector as part of IHS CERA’s Office of the Chairman. He is an authority on electricity markets, regulation, economics, and strategy. His current research focuses on electric power market structures, demand and supply fundamentals, wholesale and retail power markets, emerging technologies, and asset valuations and strategies. Makovich is currently advising or has recently advised several large utilities in major strategic engagements. He has testified numerous times before the US Congress on electric power policy. He has advised the government of China on electric power deregulation and transmission in competitive markets, and the Brazilian Congress invited him to testify on power liberalization. He examined the impact of deregulation on residential power prices and the development of resource adequacy mechanisms in the IHS CERA Multiclient Study Beyond the Crossroads: The Future Direction of Power Industry Restructuring. He was also a project director for the IHS CERA Multiclient Study Crossing the Divide: The Future of Clean Energy, the author of the IHS CERA Multiclient Study Fueling North America’s Energy Future: The Unconventional Natural Gas Revolution and the Carbon Agenda, and the study director of the IHS CERA Multiclient Study Smart Grid: Closing the Gap Between Perception and Reality. Among Makovich's other significant IHS CERA studies are examinations of the California power crisis in Crisis by Design: California's Electric Power Crunch and Beyond California's Power Crisis: Impact, Solutions, and Lessons. Makovich has been a lecturer on managerial economics at Northeastern University's Graduate School of Business. He holds a BA from Boston College, an MA from the University of Chicago, and a PhD from the University of Massachusetts.  As a senior fellow, he will explore strategies to reframe power sector climate initiatives.  His faculty sponsor is William Hogan, Raymond Plank Professor of Global Energy Policy and Research Director of the Harvard Electricity Policy Group (HEPG).  Email: lawrence_makovich@hks.harvard.edu

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Stanley Marcuss
Stan Marcuss is a partner at Bryan Cave. As counsel to the International Finance Subcommittee of the Senate Banking Committee in the early ‘70s, he played a central role in the development of legislation relating to export controls, antiboycott law, the Foreign Corrupt Practices Act and the Export-Import Bank. As Senior Deputy Assistant Secretary of Commerce in the late ‘70s, he headed U.S. antidumping and countervailing duty programs and administered U.S. export controls and antiboycott laws, as well as a variety of other international trade regulatory regimes. While in government, Marcuss was a member of the U.S. delegation to China that began negotiations for the first U.S.-China trade agreement and an end to the U.S. freeze on Chinese assets.  Marcuss’s law practice covers virtually all aspects of U.S. law pertaining to international trade and investment and includes such subjects as foreign bribery, international boycotts, economic sanctions, unfair trade practices, customs and U.S. import remedies. He has had experience in defending U.S. government civil and criminal investigations, appearing before U.S. appellate courts and establishing internal corporate compliance programs.  He has also published dozens of articles pertaining to subjects in his field.  Marcuss is a graduate of Trinity College in Connecticut, Cambridge University in England, where he was a Marshall Scholar, and the Harvard Law School.  He is an avid oarsman, sailor, and the head of a men’s a Capella chorus in Washington, D.C.  As a senior fellow, Marcuss will explore issues pertaining to public/private collaboration in urban revitalization, with a special focus on Washington, D.C., West Baltimore, and similarly situated environments. His faculty sponsor is John D. Donahue, Raymond Vernon Senior Lecturer in Public Policy.  Email:  stanley_marcuss@hks.harvard.edu

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Karen Gordon Mills
Karen Gordon Mills was sworn in as the 23rd Administrator of the U.S. Small Business Administration (SBA) in April of 2009 after being appointed by President Barack Obama and unanimously confirmed by the U.S. Senate. She served in the President’s Cabinet from January 2012-July 2013. As part of the Cabinet, Mills was a key member of the President’s economic leadership team, reflecting the important role that small businesses and entrepreneurs play in our nation’s long-term economic growth and global competitiveness. At the SBA, she led a team of more than 3,000 employees and managed a portfolio of more than $100 billion in loan guarantees. Mills streamlined and simplified SBA’s core loan programs, reduced paperwork, shortened turnaround times, and increased transparency across the agency. These efforts resulted in record-breaking years for SBA lending in 2011 and 2012. And, in 2012, the SBA’s Small Business Investment Company (SBIC) program had its third consecutive record breaking year. In addition, Mills led the development of innovative Federal programs that have helped small businesses create regional clusters, gain access to early stage capital, hire skilled workers, boost exports, and tap into commercial supply chains. Prior to the SBA, Mills held leadership positions in the private sector including several private equity firms. Most recently, she was president of the MMP Group, which invested in businesses in consumer products, food, textiles, and industrial components. In 2007, Maine Governor John Baldacci appointed Mills to chair Maine’s Council on Competitiveness and the Economy, where she focused on regional development initiatives, including a regional economic cluster with Maine’s boatbuilding industry. She also served on the Governor’s Council for the Redevelopment of the Brunswick Naval Air Station. Mills earned an AB in economics from Harvard University and an MBA from Harvard Business School, where she was a Baker Scholar. Additionally, she is a member of the Council on Foreign Relations and was vice chairman of the Harvard Overseers. As a senior fellow, she will conduct research on entrepreneurship and American economic growth. Her faculty sponsors are Dick Cavanagh, Adjunct Lecturer in Public Policy, and John Haigh, M-RCBG Co-Director and Executive Dean of HKS.  email: karen_mills@hks.harvard.edu

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Peter Sands
Peter Sands was Group Chief Executive of Standard Chartered Bank from November 2006 to June 2015.  He joined the Board of Standard Chartered PLC as Group Finance Director in May 2002, responsible for Finance, Strategy, Risk and Technology and Operations.  Prior to this, Sands was Director and Senior Partner at worldwide consultants McKinsey & Co. Before joining McKinsey, he worked for the United Kingdom’s Foreign and Commonwealth Office.  Sands is the lead non-executive board member of the Department of Health in the United Kingdom and the co-chair of the India UK CEO Forum. He holds a number of board memberships including the World Economic Forum and Lingnan University and is Governor of the National Institute of Economic and Social Research. He graduated from Oxford University and holds and MPA from HKS (1988), where he was a Harkness Fellow. As a senior fellow, Sands’ research will explore a variety of topics related to banks and financial markets.  His faculty sponsor is Richard Zeckhauser, Frank Plumpton Ramsey Professor of Political Economy.  Email: peter_sands@hks.harvard.edu

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Paul Verdin
Paul Verdin is the Chair in Strategy & Organization at Solvay Brussels School of Economics and Management (ULB, B) and Professor of Strategy & International Management at K.U.Leuven (B). Previously at IESE Business School (E), he has also been Associate Dean at TiasNimbas (Tilburg Univ., NL) and “Distinguished Visiting Professor” at INSEAD (F) where he has been on the faculty for up to 20 years. He has also been associated with the Berlin School for Creative Leadership (D) since its launch. After Master’s Degrees in Law and in Economics, both summa cum laude from K.U.Leuven (B), he obtained the M.A. and Ph.D. in Economics (Industrial Organization) at Harvard University, where he was a Teaching Fellow with Nobel Laureate Prof. Tom Schelling and former Secretary of Labor Prof. Robert Reich at Harvard Kennedy School. He combined this with work with McKinsey & Co., Merrill Lynch Capital Markets, the IMF, and the World Bank. He directs executive seminars and strategy workshops, and consults on strategy processes for a wide range of local and global companies, established multinationals as well as small and medium sized companies, across a variety of industries and particularly in the financial sector. A regular keynote speaker on top management conferences, he also serves as a non-executive board member of companies and non-profit institutions. His widely cited research focuses on the critical role of innovative company strategy and organization for long term value creation, and how it interacts with industry dynamics and competence- and resource-based competition. As a senior fellow, Verdin will examine the strategic imperative of value creation as the foundation of sustainable strategy and economic growth, and implications of this imperative for government economic policies. His faculty sponsor is Richard Zeckhauser, Frank Plumpton Ramsey Professor of Political Economy. email: paul_verdin@hks.harvard.edu

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Simon Winter
Simon Winter is TechnoServe’s Senior Vice President of Development.  He is responsible for leading strategy, thought leadership, and business and program development.  He is also responsible for managing and incubating innovative programs, including around capital access for SMEs.  Previously he was Regional Director for Africa. He joined TechnoServe in 2003.  Winter was a management consultant with McKinsey and Company (1998-2003) during which he co-led the firm's international development practice.  He worked as an economic planner for the Botswana government, and a development consultant in Southern Africa.  He started his career with Barclays Bank plc in the UK, Cote d'Ivoire and Australia. Winter is a founding Executive Committee member of the Aspen Network for Development Entrepreneurs (ANDE), a Board Member of Root Capital, a steering committee member of the Initiative for Smallholder Finance, and a member of the Transformation Leaders Network of the World Economic Forum’s New Vision for Agriculture.  Winter originates from the UK and holds a PhD in economics from the School of Oriental and African Studies, University of London, 1998, which focused on the development of the manufacturing sector in Zimbabwe.  During his Senior Fellowship, Winter’s research will focus on understanding how we can change the global food system so that it can produce enough to feed the expected growing population in the face of climate change and produce positive impacts on workers and farmers across the system (especially in developing countries).  His faculty sponsor is William C. Clark, Harvey Brooks Professor of International Science, Public Policy, and Human Development.  Email: simon_winter@hks.harvard.edu

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