Minouche Shafik Quotes

Rather than tearing ourselves apart, universities must rebuild the bonds within ourselves and between society and the academy based on our shared values and on what we do best: education, research, service and public engagement.

So let us forge a new social contract with society and with each other that will make us an exemplar of a great university in the 21st century. We will construct this on a foundation built by the wisdom of our past and forge new frontiers of scholarship and service. The legacy of the Columbians who came before will live on through us, as our legacy will live on through future generations, nurtured by the commitments we reaffirm here today.

So, the economy of the future is our choice. We face a classic intertemporal investment problem – incur some investment costs now with high returns later or opt for inaction or not enough action but incur very high costs and risks later. Even if you do not take into account future generations (which makes these arguments much, much stronger), it seems to me the choice is clear. Climate change and biodiversity loss are here, and we are already suffering the consequences. Unlike the Pharaohs, we can overcome this climate change by choosing a different kind of economy for the future.

I’ve worked in a lot of different organizations, and that helps because you often have seen a similar problem somewhere else. Now, organizations all have their different cultures and histories, but it helps to have seen a similar problem. It makes you realize, “I can figure this one out, maybe, or there is a way to solve this puzzle.” The other thing is I’ve worked in a couple of organizations that manage crises, like the International Monetary Fund, or when I was with the Department for International Development, we managed a lot of humanitarian crises around the world. So that teaches you to be calm under stress, and I suspect that skill might be useful in the years ahead.

Additionally, the University offered to convene a faculty committee to address academic freedom and to begin a discussion on access and financial barriers to academic programs and global centers. The University also offered to make investments in health and education in Gaza, including supporting early childhood development and support for displaced scholars. There are important ideas that emerged from this dialogue, and we plan to explore pursuing them in the future.

I never had a long term plan. I think a career is not like climbing a ladder – it’s more like climbing a tree. Focusing on climbing the next step on the ladder is a mistake. Sometimes when you are climbing a tree, it’s not linear - you might move sideways, which then helps you get up to the next level.

From my perspective, there are two issues at stake. First, we must do a better job of defining the boundaries between the free speech rights of one part of our community and the rights of others to be educated in a place free of discrimination and harassment.

What could the economy of the future look like? We have a choice. It could be one based on familiar technologies, markets and institutions. We could continue with polluted air and water where our children suffer from respiratory diseases; where our economies are struck by frequent shocks caused by unpredictable weather events which cause catastrophic losses; where people have to move across borders as their livelihoods are destroyed by rising sea levels or persistent droughts and rising temperatures; and one where the natural world continues to diminish.

The benefits of open capital markets are clear. They facilitate the flow of finance to where it would be most productive and help ensure global resources are allocated most efficiently. They allow savers and investors to diversify portfolios beyond national borders, and they provide a greater range of funding sources to fast growing economies and businesses

Like you, I am new to this campus, having started as Columbia’s 20th president in July. And I say as someone who has experienced change once or twice in my life, beginnings are exciting, and hard, and everything in between. They introduce us to new people and ideas, challenge us to adapt to new situations, and open our eyes to new ways of thinking about the world and our place within it.

The most obvious way to take international considerations into account is by treating risks emanating from abroad as an important input when setting domestic macroprudential policy.

I think at the moment we really are on the cusp of potentially a major change, and I'm quite optimistic about not just all the women we see rising to the top, but also all the young women coming up who will fill those jobs in the future toward gender parity.

I am not just a person who wants to raise taxes and share out more. I want everyone to pay their fair share of taxes and invest more in each other

I can also paint a different picture of the economy of the future. One in which we make the needed investments and created cities in which we can move, breathe, and thrive. One in which the food we eat regenerates the earth rather than depletes it. Where our economies continue to grow and especially in poor countries, living standards continue to rise, where this growth is greener, more stable and where human well-being is enhanced through co-existence with nature.

We also must continue with urgency our ongoing dialogue on the important issues that have been raised in recent months, especially the balance between free speech and discrimination and the role of a university in contributing to better outcomes in the Middle East. Both are topics where I hope Columbia can lead the way in new thinking that will make us the epicenter, not just of protests, but of solutions to the world’s problems.