Issue link: https://www.e-digitaleditions.com/i/55680
some veracity and to prepare people for that world, then we have to be highly embedded and connected in the places that will change the future," says Sheppard. Wash U's Moreton believes that the CEOs of the future will be required to have a truly global perspective acquired by spending significant time overseas, not merely endur- ing a single international posting. "Given this trend," he says, "the top business schools will have to be more global as well, with the ability to create a climate of international awareness in and out of the classroom." He expects to see top business schools develop more programs that keep faculty and students away from the home campus for months, not weeks. He adds, "Ultimately, the top busi- ness schools will need to produce people for whom living abroad is completely natural rather than quirky, because increasingly the best opportunities will be found in global companies in emerging markets." As the economies of the world continue to evolve, says Sheppard, business schools must evolve right alongside them. They must teach students to answer whatever new questions are raised—wherever those questions are raised. "Chinese academics are asking what it means to operate in a post-Maoist Confucian market economy," says Sheppard. "If you're going to engage that question, it's not a bad idea to be in Shanghai." He adds, "When the Berlin Wall fell, a lot of people expected the world to converge on a single political econ- omy. That didn't happen. People discovered that you can have a market-based economy without becoming Anglo- American. Now we have a world that's politically diverse but highly interdependent economically, and we must ask ourselves, What does a tapestrylike political economy really look like? What are the many forms a market economy can take? I believe you can't answer those questions from Dur- ham, North Carolina. You've got to be in the places that are experimenting with other models." ■ z The Global Standard for Business Research Wharton Research Data Services (WRDS) is the leading comprehensive, web-based, data research service used by over 260 academic institutions around the world. WRDS carries a broad set of historical data from the world's leading providers of research-quality databases such as the Center for Research in Security Prices (CRSP)™, Standard & Poor's Compustat™, Thomson Reuters ™ and other important business research databases. " I wanted to express my pleasure with the WRDS system and support. If only WRDS had been available sooner, my CV would be much longer." – Judith A. Chevalier, William S. Beinecke Professor of Finance and Economics & Deputy Provost for Faculty Development, Yale School of Management For information please contact wrds@wharton.upenn.edu http://wrds.wharton.upenn.edu BizEd MAY/JUNE 2010 49 WRDS provides the following key benefits: Support Multiple Ways to Access Data • Web interface • UNIX terminal session • PC SAS Connect Simultaneous Access to Multiple Data Sources Professional Technical and Research Support Integrated Tools and Classroom Applications Internet-Based Access Through Libraries Supports multiple programming languages including SAS, C, Fortran, Perl