Dear CBG Faculty, Staff, Fellows, and Friends,
CBG continues its commitment to improve understanding
of and performance in policy arenas at home as well as abroad.
In November, our new Corporate Governance Initiative
- led by faculty members Cary Coglianese, Thomas Healey, and Elizabeth
Keating, along with senior fellow Michael Michael -- brought Richard
C. Breeden, Corporate Monitor of WorldCom, and former Chairman of
the SEC (1989 - 1993), to CBG for a day of lectures and interaction
with students and faculty. It culminated in an off-the-record dinner
discussion about both the welcome changes and the continued inadequacies
in corporate oversight mechanisms.
The Regulatory Policy Program and the Health Care
Delivery Policy Program are teaming up to investigate how regulatory
policies and institutions affect the quality of health care delivery
in the United States. Over the next year Cary Coglianese, Jerome
Grossman, David Lazer, and Jennifer Nash will work with a team of
graduate students and other researchers to investigate the potential
role for management-based regulation and similar strategies in improving
the delivery of health care services. Last month, RPP Chair Cary
Coglianese gave a presentation on regulatory issues at the quarterly
meeting of the Health Care Delivery Policy Program.
On the international side, the Taiwan Leaders Program
organized an author's workshop and public conference in Taipei on
the implications of WTO membership for China and Taiwan. The conference
was co-sponsored by the European Chamber of Commerce/Taipei and
attracted over 80 attendees from Taiwan's private and public sectors.
Among other findings reported at the conference was the fact that,
since its WTO accession, Taiwan's trade efficiency with China is
a mere 15% of potential, compared to 55% with the world at large.
This suggests that Taiwan's regulations impose significant barriers
to freer trade flows with China. There were many calls for the conference
organizers to present the research results to the Taiwan government;
a book will result from the conference.
Swinging our attention to the south, the Harvard
Electricity Policy Group arranged a visit of the Brazilian Energy
Minister Dilma Rousseff. Her visit included meetings with faculty,
staff, students, and guests, as well as a lecture entitled "The
Brazilian Power Sector: From Crisis to Recovery".
We also welcomed international guests to Cambridge:
CBG fellows, representing seven countries, had the opportunity to
experience an American Thanksgiving last week --many for the first
time. Professor Elaine Kamarck kindly opened her home and her kitchen,
preparing a traditional feast with the help of senior fellow, Linda
Peek-Schacht. The fellows, faculty, and staff all had a wonderful
I am proud of CBG's national and global initiatives,
and very much look forward to sharing our continued progress with
you in the coming year. In the meantime, have a joyful holiday season.
John G. Ruggie
Frank and Denie Weil Director, Center
for Business and Government
Kirkpatrick Professor of International Affairs