On Feb. 26, 2008, the MBA Finance Association of the Robert H. Smith School of Business at the University of Maryland hosted a panel discussion on the current state of the U.S. economy. About 30 MBA students gathered to listen to two panelists from the department of logistics, business, and public policy, Peter Morici, professor of logistics, business and public policy, and Curt Grimm, Dean's Professor of Supply Chain and Strategy. The students were invited to prepare questions for Morici and Grimm and engage them in discussion about the challenges facing today's economy.
The discussion began with Grimm and Morici each giving an overview of what they think are the big challenges facing the U.S. and world economy and offering some insights into what they think the future holds. Covering issues such at the U.S. trade deficit, currency devaluation, subprime mortgages, and credit shortages, Grimm and Morici painted a picture of the economic problems that have occurred over the past few months. Grimm then followed with his forward looking vision of cautious optimism that the U.S. can weather the current issues it faces and use its strong fundamentals to drive future growth. Morici colorfully gave his views that the U.S. and China need to resolve trade and currency issues and that the banking industry must practice more disclosure in order to drive an economic recovery.
The students in attendance then queried the panelists on issues of the strength of the global economy and globalization, the recent interest rate cuts and stimulus package in the U.S, soaring commodity prices, and banking reform. Both panelists were very candid in their responses, giving quality insights to the students while stimulating further discussion of the issues. The Finance Association hailed the panel as a success and plans to sponsor future discussions on current economic issues in an effort to keep the students and faculty engaged in discussing the global economic environment.
Adam Weiner, MBA Candidate 2009, Smith Media Group
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About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.