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" "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.
Nemat Talaat Shafik, Baroness Shafik, (Arabic: نعمت طلعت شفيق) (born 13 August 1962) commonly known as Minouche Shafik (Arabic: مينوش شفيق), is a British-American academic and economist. She served as the 20th president of Columbia University from July 2023 to August 2024. She previously served as president and vice chancellor of the London School of Economics from 2017 to 2023. From 2014 to 2017, Shafik served as deputy governor of the Bank of England and also previously as permanent secretary of the United Kingdom Department for International Development from 2008 to 2011. She has also served as a vice president at the World Bank and as deputy managing director of the International Monetary Fund.
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Technology because it has changed jobs and lots of people haven’t benefited. They have been left behind. They don’t have the skills and they are not in the right place, with the result that their prospects are poor. And the way our whole social contract was predicated on women looking after the young and the old for free – now there are more women going to university than men, globally, not just in the UK, and they are employed, and the cost of them not working is really high, so you want them to work. Yet we haven’t found a way to adjust – a way to look after the young and old without women providing free labour.
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.
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