Dear CBG Family and Friends,
Wow -- what a month April turned out to be for CBG!
· hosted a major conference on an important topic that
had never before been explored in a serious and sustained fashion;
· conducted four Forum events on extremely topical and
· held a slew of lunches and dinners for visiting faculty
and public officials on a wide range of subjects;
· celebrated a handful of new books and publications by
faculty and fellows; and
· formally launched a new program and a brand new website.
And that's just what I can recall offhand as I'm sitting outside
on a sunny afternoon drafting this monthly memo to CBG family
The conference: "Entrepreneurship and Public Policy, New
Growth Strategies for the 21st Century Economy," attracted
to Harvard some 150 of the nation's leading entrepreneurs, venture
capitalists, academic and policy experts, and public officials
concerned about how to sustain and strengthen high growth entrepreneurial
activities in the U.S. Put together under the leadership of Associate
Professor David Hart of CBG and assisted by Rina Spence, a CBG
Fellow, this unprecedented conference featured some 40 presentations
on a broad array of topics, including a well-attended public discussion
in the Kennedy School ARCO Forum on "Entrepreneurship and
Public Policy: What's Government Got to Do With It?" with
Harvard Business School Professor Michael Porter, Michigan Governor
John Engler, U.S. Senator Tom Carper and Congressman Ed Markey.
The conclusion was best summed up by VC Patricia Cloherty who
said, "government has everything to do with it!"
Co-sponsored with the National Commission on Entrepreneurship
and funded by the Ewing Marion Kauffman Foundation of Kansas City,
this fast-paced and provocative conference may well set the stage
and help to form the intellectual and action agenda at CBG in
the future on the most effective role for government in promoting
risk-taking and high growth entrepreneurship, in the U.S. and
abroad. Looking around at the end of the spirited conference,
one participant who has helped to champion entrepreneurial education
for the past 30 years and who has assisted in the Kauffman Foundations'
pioneering work to champion an entrepreneurial culture in the
U.S., concluded: "If Mr. K. were alive and with us today,
he'd be dancing on the table tops!"
Other Forum events during April included a thoughtful and passionate
address on corporate responsibility for environmental sustainability
by Ray Anderson, founder of the Interface Group (one of the world's
leading manufacturers of carpet tile), considered by some as "the
greenest CEO in America." This event coincided nicely with
the 31st anniversary of Earth Day, and the formal launch of an
exciting new initiative based at CBG under the leadership of Professor
Rob Stavins called the Environmental Economics Program at Harvard
University (EEPHU). EEPHU is a consortium of over a dozen leading
environmental economists from around Harvard University and more
than a dozen doctoral and post-doctoral students and fellows.
Take the time to check EEPHU's handsome and informative website
(ksg.harvard.edu/cbg/eephuhome.htm) and while you're there, take
a moment to read Rob's recent op-ed piece on global warming and
the Kyoto Protocols.
It seems that whatever the headline these days, some member of
the CBG family is at the front ranks of the intellectual research
and debate and in formulating the policy agenda. Beyond the cover
stories on the environment, for instance, electricity continues
to be a dominant concern -from the pending blackouts this summer
as well as bailouts and charges of market manipulation. CBG is
at the intellectual and programmatic center of that controversy
and has been for a decade, through the pioneering work of CBG's
Professor Bill Hogan and the Harvard Electricity Policy Group
(HEPG), which he leads. Bill led a Forum discussion on "California
Blackouts: Could It Happen Here?" with former Congressman
and Institute of Politics Director Phil Sharp; California State
Senator Debra Bowen (Chair of the Energy and Utilities Committee);
Michael Shames, founder and Executive Director of the Utility
Consumer Action Network of San Diego; and Rick Sergel, President
and CEO of National Grid USA.
HEPG hosts its 25th meeting in Cambridge early next month and
continues to play a unique convening and educational role in providing
a fact-based forum for corporate, public, academic and activist
leaders to find common ground, to share best practices, and to
develop consensus on how to improve performance on one of the
trickiest areas of regulatory reform. For Bill's latest reflections,
including his April 24 paper with Scott Harvey: "On the exercise
of market power through strategic withholding in California,"
check out the HEPG website (http://www.ksg.harvard.edu/%7Ehepg/)
or connect to it through the Programs page of the CBG website
The crisis in the China underscores the importance of the work
of CBG's Asia Program and China Initiative, under the leadership
of Professor Tony Saich. Tony joined other leading experts for
a timely Forum debate and discussion on the topic. Asia loomed
large on our CBG calendar all month long-beginning with candid
reflections from former Taiwanese Premier Tang Fei, now a senior
CBG Fellow, and following up with a number of presentations about
the seemingly intractable economic downturn in Japan from the
perspectives of Takeo Shiina, former chairman of IBM/Japan; and
former Japanese Minister of Economic Policy and widely-read author
Competition and trade policy in Europe was the focus of a lively
and informative evening with Mario Monti, European Commissioner
for Competition Policy. Monti's discussion touched on the cooperation
and divergences with the U.S. on issues ranging from celebrated
mergers (GE/Honeywell, MCI/Worldcom/Sprint) to consumer protection.
Continuing the European focus, Finance Minister Karl-Heinz Grasser
of Austria shared his reflections on European interest rates,
economic growth prospects, and the structural challenges faces
the EU, in an open and candid conversation with CBG faculty and
KSG students just last Friday.
There were so many other CBG events in April, and our calendar
is already so packed for the future, that I can't possibly do
justice through a short narrative description. I wish I had time
to detail Mary Schapiro's inspiring presentation about the history
and progress of the unusually successful self-regulation of the
securities industry by the National Association of Securities
Dealers (NASD), where she is president; or to celebrate Cary Coglianese's
new book with Jennifer Nash entitled "Regulating From the
Inside: Can Environmental Management Systems Achieve Policy Goals?";
or give a full page to Aetna Professor of Public Policy and Corporate
Management Professor Lew Branscomb's upcoming receipt of the prestigious
Vannevar Bush Award from the National Science Board for contributions
to public service and for "outstanding contribution's toward
mankind and the nation"; or to applaud the publication of
"Winning the Influence Game: What Every Business Should Know
about Government," by HBS/CBG faculty member Michael Watkins,
KSG's Mickey Edwards and Usha Thankrar. To stay fully informed,
check in regularly with our CBG website; even better, participate
actively in the life of our Center!
The pace continues here at CBG during May and June-although the
gorgeous weather makes it all seem so much more tolerable, bearable
and finally pleasurable.
Let me close with a just a few quick snippets of a few upcoming
events. On May 3-5, Jeff Frankel, John Ruggie, Marsh Carter and
I will be representing CBG at The 2001 Harvard University Colloquium
on International Affairs, addressing "A New American Foreign
Policy? Global Voices, Challenges & Opportunities."
On May 10-11, CBG will be co-sponsoring a two-day conference
on "voluntary, collaborative and information-based policies:
lessons and next steps for environmental and energy policy in
the United States and Europe."
Midmonth, I'll then be setting off with Tom Vallely and others
to visit the Fulbright Teaching Program in Ho Chi Minh City, which
is the heart of CBG's Vietnam Program, but returning in time to
hear KSG alum and now White House Chief of Staff Andy Card deliver
an address at the School's commencement.
June comes to crescendo at CBG with a joint conference with the
Hewlett Foundation on corporate social responsibility, and an
ambitious, significant and substantively rich exploration of economic
policy-making during the '90s, carefully crafted and managed by
Professor Jeff Frankel, a former member of the Council of Economic
Advisors. Taking on more than a dozen areas of economic policy
- from poverty and welfare reform to monetary policy and financial
markets - Jeff has lined up an impressive group of scholars and
authors (including Laura Tyson, David Ellwood, Alan Krueger, Paul
Joskow, Robert Litan, Greg Mankiw and Hal Varian) and an equally
robust group of panelists and respondents (including Larry Summers,
Gene Sperling, Charlene Barshevsky, Robert Reischauer, Martin
Feldstein, Robert Rubin, Robert Solow, Robert Reich, Dan Yergin,
Stanley Fisher and Allan Meltzer).
All of the above is just my way of reflecting that CBG's talented,
energetic and respected team of faculty, fellows, staff, students,
friends and advisors is on the move, making a difference, leaving
a mark and taking on a range of complicated and critically important
issues at the intersection of business and government. Please
feel welcome and encouraged to join us in some of these activities
and to share your own wisdom, experience and resources with us.
We are proud and pleased with our progress, but to succeed we
need the support and participation of colleagues and friends.
Let me know if you'd like to help or get more deeply involved.
As always, many thanks for your interest.