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JulyAugust2009

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in government funding pending Treasury Board approval, will form teams of experts who will work to develop specialized talent and innovations in healthcare, as well as commercialize health technologies and processes. To create the Cen- tre, the Ivey School will collaborate with two other entities at UWO, including the Schulich School of Medicine and Dentistry and the London Health Sciences Center, a teaching hospital. n NEW CHAIR OF EMERGING MARKETS IESE Business School at the Univer- sity of Navarra in Barcelona, Spain, has partnered with Banco Sabadell to create a Chair of Emerging Mar- kets. Held by IESE economics pro- fessor Alfredo Pastor, the chair will focus on fostering research, organiz- ing seminars and conferences, creat- ing courses, and building a base of knowledge about emerging markets in Latin America, Eastern Europe, Asia, and Africa. n CONFLICTS IN CYBERSPACE Laurie Kirsch, professor at the Uni- versity of Pittsburgh's Joseph M. Katz Graduate School of Business, has been granted nearly $300,000 from the National Science Founda- tion to fund her three-year research project into the triggers of inter- group conflict—or "faultlines"— among stakeholders involved with cyberinfrastructure projects. Kirsch will study projects being developed by the Global Environment for Net- work Innovations, a virtual laborato- ry that provides computer scientists and network engineers with an infra- structure for their experiments. n THE EFFECTS OF RECESSION Worldwide Universities Network will fund a project by the Centre for Employment Relations Innova- tion and Change (CERIC) at Leeds University Business School in the United Kingdom. During that time, researchers working on the project, "Restructuring, redun- dancy, and sustain- able employ- ment: the challenges of the con- temporary economic crisis," will study employ- ers' attempts to restructure their organizations to elimi- nate redundancies during the global recession and offer solutions to help companies achieve long-term sus- tainability. The project will last until the end of 2010. n NETWORK FOR GOVERNANCE There is now a new resource for scholarship in corporate gover- nance. Corporate Governance Net- work (CGN) has been launched as an online global community for researchers. Sponsored by the New York-based Investor Responsibil- ity Research Center Institute, the CGN will be led by Lucian A. Bebchuck, director of the corporate governance program at Harvard Law School in Bos- ton. It will merge with the Social and Environmental Impact Net- work, and initially offer 21 subject matter eJournals—for free through October 2009—and two Research Paper Series. RESPONDING TO FINANCIAL CRISIS Rensselaer Polytechnic Institute's Lally School of Management & Technol- ogy in Troy, New York, has opened its International Center for Financial Research (ICFR) and created a new master's degree in Financial Engineer- ing and Risk Analytics (FERA). The FERA track will be taught collabora- tively by faculty from finance as well as other departments across campus, including computer science, applied mathematics, decision sciences, eco- nomics, and engineering systems. The moves are meant to encourage renewed interest in the finance indus- try. It will be important to train "new financial service entrepreneurs" who can rebuild the industry's foundation and restore the public's confidence in financial markets, says David Gautschi, dean of the Lally School. He adds that it's also important to teach students the true connection between finance, business creation, and economic growth, especially now that the rampant eco- nomic expansion from 2003 and 2007 has proved to be largely illusory. "The current crisis in the global financial system underscores the need in business and public policy for decision makers to renew their knowl- edge of finance fundamentals," he says. "As a society, we need to help our financial institutions broaden their understanding of new financial tools and methodologies." n z BizEd JULY/AUGUST 2009 57

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