Students and invited guests learned what’s new with capital flows and some of why “the rich have markets and the poor have bureaucrats” at the Chazen Institute’s inaugural book event on the evening of April 18th. The book events offer a forum for discussion and knowledge sharing centered on faculty publications.

Michael Weinstein, the book’s editor and director of programs at the Robin Hood Foundation, opened the panel by explaining the conceptual background of the new book Globalization: What’s New? a collaborative effort between the Council on Foreign Affairs and the Columbia University Press. The book is part of a larger series; each volume focuses on a different aspect of globalization.

The ten authors represented in the new book analyze globalization and its future on topics ranging from the flow of wealth to the flow of people. At the event, two of the book’s authors outlined their work: Professor Charles Calomiris concentrated on changes in capital flows, including risks, rewards and resulting policy changes. William Easterly, a professor in both the economics and Africana departments at New York University, shared concerns about bureaucracy’s effect on foreign aid and what is being done — or not being done — through globalization to assist developing countries. A report on this event is forthcoming.