Minouche Shafik Quotes

For me, the lesson is clear. If colleges and universities cannot better define the boundaries between free speech and discrimination, government will move to fill that gap, and in ways that do not necessarily protect academic freedom. Just as our predecessors fought for desegregation and the admission of women, we need to create an educational environment where we fight all forms of prejudice, including against Arabs, Jews and Muslims.

Columbia has a long and proud tradition of protest and activism on many important issues such as the Vietnam War, civil rights, and the anti-apartheid struggle in South Africa. Today’s protesters are also fighting for an important cause, for the rights of Palestinians and against the humanitarian tragedy in Gaza. They have many supporters in our community and have a right to express their views and engage in peaceful protest.

The idea that you are successful because you are smart and hardworking is pernicious and wrong, because it means everyone who is unsuccessful is stupid and lazy.

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.

Our values—as well as our duties under civil rights laws—compel us to condemn hate and to protect every member of our community from harassment and discrimination. Antisemitic language and actions are unacceptable and calls for violence are simply abhorrent.

It is not okay to cast civility aside because the moment is too heated. We must cultivate a university culture that pushes back on the forces that seek to divide us. A culture that encourages empathy, not personal attacks on individuals or identities. Learning to speak, and listen with respect, that is a cherished Columbia value.

When I was inaugurated as Columbia’s 20th president on October 4, 2023, I called for strengthening the bond between universities and society through a recommitment to academia’s contribution to the common good. The horrors of the Hamas attack three days later, the ensuing war with Israel and the tragic loss of civilian lives in Gaza have tested that bond in unimaginable ways. I have seen the campus engulfed in tensions and divisions deepened by powerful external forces.

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.

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.

The growth of market-based finance and asset management is creating new sources of funding, adding welcome diversity to the financial system, particularly for emerging markets. And in some ways these flows are less risky – for example the average maturity of international securities issued by emerging markets is 10 years, reducing rollover risk and exposure to a sudden flight of capital.

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.