Raymond Vernon
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Raymond Vernon
Raymond Vernon (September 1, 1913 – August 26, 1999) was an American economist. He was a member of the group that developed the Marshall Plan after World War II and later played a role in the development of the International Monetary Fund and the General Agreement on Tariffs and Trade. He was the Clarence Dillon Professor of International Affairs at Harvard Kennedy School, becoming ''emeritus'' on his retirement. His formulation of the Product life-cycle theory of US exports, first published in 1966, in turn influenced the behavior of companies. Early life and education Vernon was born Raymond Visotsky in New York; his parents were Russian Jews, Russian Jewish immigrants and he and his siblings changed their family name to Vernon. He earned a B.A. ''cum laude'' from the City College of New York in 1933 and a Ph.D. in economics from Columbia University in 1941; all three of his siblings also earned doctorates. Career Vernon worked at the Securities and Exchange Commission from 19 ...
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Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ...
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Mars, Incorporated
Mars, Incorporated is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services, with US$40 billion in annual sales in 2021. Mars was ranked as the fourth-largest privately held company in the United States by ''Forbes''. Headquartered in McLean, Virginia, the company is entirely owned by the Mars family. Mars operates in four business segments around the world: Mars Wrigley Confectionery (headquartered in Chicago, Illinois, with U.S. headquarters in Hackettstown and Newark, New Jersey), Petcare ( Zaventem, Belgium; Poncitlán and Jalisco, Mexico; Querétaro, Mexico), Food (Rancho Dominguez, California), and MARS Edge ( Germantown, Maryland), the company's life sciences division. History Mars is a company known for the confectionery items that it manufactures, such as Mars bars, Milky Way bars, M&M's, Skittles, Snickers, and Twix. It also produces non-confectionery snacks, such as Combos, and oth ...
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CRASH-B Sprints
The CRASH-B Sprints World Indoor Rowing Championships (CRASH-B Sprints) was the world championship for indoor rowing, raced over a distance of 2,000m. The regatta is sponsored by Concept2, and raced on their C2 rowers. Originally held in Harvard's Newell Boathouse, the regatta moved in turn to the Malkin Athletic Center, the Radcliff Quadrangle Athletic Center, MIT's Campus of the Massachusetts Institute of Technology#Rockwell Cage (1947), Rockwell Cage, Harvard's Indoor Track Facility, the Reggie Lewis Track and Athletic Center, Boston University's Agganis Arena, and in 2019, to the Boston University Track and Tennis Center. The regatta is held in late February each year. Competitors are 12 years old and up, including Adaptive rowing, adaptive categories. In 2019 there was an age group for 90–94 years old. The race was started in 1980 by a group of US Olympic and World Team rowers. The CRASH-B Sprints are officially sponsored by Concept 2. Originally, the acronym for the ra ...
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Head Of The Charles Regatta
The Head of the Charles Regatta, also known as HOCR, is a rowing head race held on the penultimate complete weekend of October (i.e., on the Friday that falls between the 16th and the 22nd of the month, and on the Saturday and Sunday immediately afterwards) each year on the Charles River, which separates Boston and Cambridge, Massachusetts United States. It is the largest 3-day regatta in the world, with 11,000 athletes rowing in over 1,900 boats in 61 events. According to the Greater Boston Convention & Visitors Bureau, the three-day event brings 225,000 people to the Greater Boston area and $72 million to the local economy. The last races of the Regatta are generally the most prestigious: Championship 4s, and Championship 8s (both men and women). Championship sculling events (1x/single and 2x/double) race on Saturday afternoon. The Championship events usually include U.S. National Team athletes, as well as national team athletes from other top rowing nations. The competit ...
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Rowing Crew
Rowing, sometimes called crew in the United States, is the sport of racing boats using oars. It differs from paddling sports in that rowing oars are attached to the boat using oarlocks, while paddles are not connected to the boat. Rowing is divided into two disciplines: sculling and sweep rowing. In sculling, each rower holds two oars—one in each hand, while in sweep rowing each rower holds one oar with both hands. There are several boat classes in which athletes may compete, ranging from single sculls, occupied by one person, to shells with eight rowers and a coxswain, called eights. There are a wide variety of course types and formats of racing, but most elite and championship level racing is conducted on calm water courses long with several lanes marked using buoys. Modern rowing as a competitive sport can be traced to the early 17th century when professional watermen held races (regattas) on the River Thames in London, England. Often prizes were offered by the London Gu ...
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Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ...
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Daniel Yergin
Daniel Howard Yergin (born February 6, 1947) is an American author, speaker, energy expert, and economic historian. Yergin is vice chairman of S&P Global. He was formerly vice chairman of IHS Markit, which merged with S&P in 2022. He founded Cambridge Energy Research Associates, which IHS Markit acquired in 2004. He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize–winning '' The Prize: The Epic Quest for Oil, Money, and Power,'' (1991) '' The Quest: Energy, Security, and the Remaking of the Modern World'' (2011), and ''The New Map: Energy, Climate, and the Clash of Nations'' (2020). Yergin's articles and op-eds on energy, history, and the economy have been published in publications such as ''The Wall Street Journal'', ''The New York Times'', ''The Washington Post'', and the ''Financial Times''. All of Yergin's books have been drafted in long-hand. Currently a director on entities such as the Council on Foreign Relations an ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Multinational Company
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ...
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Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA program, management-related doctoral programs, and many executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, case studies, and the monthly ''Harvard Business Review''. It is also home to the Baker Library/Bloomberg Center. History The school was established in 1908. Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946). Yogev (2001) explains the original concept: :This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French '' Ecole des S ...
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Urban Studies
Urban studies is based on the study of the urban development of cities. This includes studying the history of city development from an architectural point of view, to the impact of urban design on community development efforts. The core theoretical and methodological concerns of the urban studies field come from the social science disciplines of history, economics, sociology, geography, political science, anthropology, and the professional fields of urban planning, architecture, landscape architecture, and urban design. Urban studies helps with the understanding of human values, development, and the interactions they have with their physical environment. History The study of cities has changed dramatically from the 1800s over time, with new frames of analysis being applied to the development of urban areas. The first college programs were created to observe how cities were developed based on anthropological research of ghetto communities. In the mid-1900s, urban study programs exp ...
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Rockefeller Brothers Fund
The Rockefeller Brothers Fund (RBF) is a philanthropic foundation created and run by members of the Rockefeller family. It was founded in New York City in 1940 as the primary philanthropic vehicle for the five third-generation Rockefeller brothers: John, Nelson, Laurance, Winthrop and David. It is distinct from the Rockefeller Foundation. The Rockefellers are an industrial, political and banking family that made one of the world's largest fortunes in the oil business during the late 19th and early 20th centuries. The Fund's stated mission is to "advance social change that contributes to a more just, sustainable, and peaceful world." The current president of RBF is Stephen Heintz, who was appointed to the post in 2000. Valerie Rockefeller serves as RBF's chairwoman. She succeeded Richard Rockefeller, the fifth child of David Rockefeller, who served as RBF's chairman until 2013. The Rockefeller Brothers Fund is part of the Steering Group of the Foundations Platform F20, an inte ...
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