The George Washington University

School of Business: GWSB News

July 10, 2009

CLAI Examines Serious Problems Confronting Caribbean Nations

Max G. Manwaring (left), senior research professor of national security affairs in the Strategic Studies Institute, U.S. Army War College, leads the CLAI panel discussion on Caribbean governance and security concerns.

The Caribbean region may be diverse in both demography and geography, but its nations have one thing in common: The outlook for their future is troubling.

That’s what a trio of experts concluded at the first Caribbean colloquium organized by the Center for Latin American Issues (CLAI) at the School of Business. The panelists predicted that the region will be tossed by the vagaries of tourism, its major economic driver, while struggling for a place in the global trade arena. Crime and violence will continue deterring investment, and GDP growth will remain “anemic.” The region will become increasingly dependent on remittances.

“The situation in the Caribbean is dire, from the standpoint of economies, from the standpoint of security, and from the standpoint of the interess of the United States and other countries in the hemisphere,” said Norman Bailey, president of the Institute for Global Economic Growth in Washington, D.C. “There are a lot of young men in the Caribbean who basically have nothing to do, no hope, no future.”

The June 23 colloquium, titled “The Caribbean: Challenges to Governance and Security,” was co-sponsored by the Strategic Studies Institute of the U.S. Army War College. Max G. Manwaring, senior research professor of national security affairs at the Strategic Studies Institute, chaired the discussion.

Ransford Palmer, professor of economics at Howard University, said globalization has left the region’s economies vulnerable, while at the same time preferential trade arrangements with the United States have served as a disincentive to innovation and entrepreneurship.

“These economies share certain common characteristics. They have small domestic markets, a high degree of foreign trade dependence, a high dependence on foreign capital, and a narrow base of commodity exports,” said Palmer, author of The Caribbean Economy in the Age of Globalization. “These characteristics have historically made them dependent on unilateral preferential trade arrangements offered by the United States, Canada, and the European Union.”

High labor costs have hindered manufacturing initiatives, leaving the region dependent on tourism. In countries with trade, notably the Dominican Republic, revenues are falling.

Caribbean governments are looking at alternatives such as financial services, information technology, offshore banking, and Internet gambling. But the United States “maintains that regulations in these offshore outposts are not tight enough to deter those who wish to engage in illegal activities and avoid paying U.S. taxes,” Palmer said.

ICSB Holds 2009 World Conference in Seoul

Ayman El Tarabishy, ICSB director and GWSB visiting assistant professor of management, moderates a panel at the council’s annual world conference in Seoul. The panel focused on using information technology to better serve customers.

The International Council for Small Business (ICSB) held its 54th Annual World Conference last month, in Seoul, Korea. With the theme of “The Dynamism of Small Business: Theory, Practice and Policy,” the 2009 ICSB World Conference offered a chance for delegates to gain meaningful insights into academic issues and to network with colleagues from around the world. The conference was attended by 700 world renowned scholars, consultants, professionals, business leaders, and government officials from more than 50 different countries.

Over the last five years, the ICSB World Conference has been held in Canada, Finland, Australia, Washington, D.C., and South Africa. This global platform has enabled participants to share their expertise, discuss current issues involving small and medium-size enterprises (SMEs), and build the foundation for future collaboration.

During the conference, Ayman El Tarabishy, ICSB director and GWSB visiting assistant professor of management, moderated a plenary panel session titled “How Small Businesses Use IT to Better Serve Their Customers.”

Prior to the start of the conference, ICSB hosted a policy forum―the fifth in a series― to bring together policymakers, SME/entrepreneurship researchers, and SME associations from around the world to discuss how to stimulate a more conducive environment for entrepreneurship and SME development. The event’s first panel, titled “SME and Entrepreneurship Policy in Turbulent Times,” included speakers from the United States, Australia, Egypt, and Korea. Each described the effects of the financial crisis on the SME sector, together with the responses of their governments and the adequacy of the response from an SME perspective. A second panel session focused on policy implications of the Global Entrepreneurship Monitor (GEM) project, showing the important contribution of entrepreneurship to economic development over a wide range of countries. For the complete policy forum report, please visit:

Founded in 1955, ICSB was the first international membership organization to promote the growth and development of small businesses worldwide. Bringing together educators, researchers, policymakers, and practitioners to share experiences, ICSB promotes knowledge development in small business theory and practice. It provides proven strategies and policies to promote small businesses and entrepreneurship. ICSB has 11 national or regional affiliates and members from more than 70 countries. Visit for more information, including news articles, conference information, photos, videos, and much more.

LERA:Exploring New Frontiers in a Turbulent Economy

U.S. Secretary of Labor Hilda Solis delivers the keynote address at the Labor and Employment Relations Association forum hosted by the GWSB Department of Management.

In June, the Department of Management hosted the Labor and Employment Relations Association (LERA) National Policy Forum at the Cafritz Conference Center at GW. The theme of the two-day forum was “New Frontiers in Labor and Employment Policy: Ensuring Good Jobs, Fair Treatment, and High Performance in a Turbulent Economy.”

About 300 people attended the forum, which featured 10 panel sessions focused on policy issues concerning pension and health benefits, executive compensation practices, sustainability and green jobs, the future of the National Labor Relations Act and collective bargaining, revitalization of the auto industry, labor market policy, and workforce development.

Notable speakers included: U.S. Secretary of Labor Hilda L. Solis; Robert A. DuPuy, president and COO of Major League Baseball; Martin Mulloy, vice president of labor affairs for Ford Motor Co.; Lisa M. Lynch, dean of the Heller School for Social Policy and Management at Brandeis University and chair of the board of directors of the Boston Federal Reserve Bank; Joel Cutcher-Gershenfeld, dean of the University of Illinois and LERA president and program chair; Bob King of the United Auto Workers Union; Stephen Gammarino of the BlueCross BlueShield Association; Alan May from Boeing Co.; and Sarah Fox and Charles Cohen, former members of the National Labor Relations Board.

Getting to Know: Judith Stockmon

Title: Executive Director, MBA and Graduate Admissions

Years at GW: Three weeks!

Best part of working at GWSB: The best part of working at GW is having access to the abundant intellectual capital, in the form of libraries, faculty, and students, right at my doorstep.

What co-workers do not know about me: I make incredible oatmeal raisin cookies.

Family: I am parent to two rock star daughters, ages 3 and 8, who readily put on their own version of musical theater.

Favorite things to do on the weekend: I enjoy visiting local museums and restaurants as well as hitting the zoo with my girls.

Favorite vacation spot: I love traveling to all parts of Mexico.

Favorite book: Wally Lamb’s I know This Much Is True.

Interested in advertising in GWbusiness?
Contact Tom Loper at 202-994-4057.


Prabir Bagchi, senior associate dean and professor of operations and supply chain management, published “Purchasing Development in Small and Medium Enterprises,” in Supply Chain Forum, Vol. 10, No. 2, 2009. The article was co-authored by S.K. Paik, T. Skjoett-Larsen, and J. Adams.

Ahmad I. Jarrah, associate professor of decision sciences, published “Large-Scale, Less-than-Truckload Service Network Design," in Operations Research, Vol. 57, No. 3 (2009), pp. 609–625.

Young Hoon Kwak, associate professor of decision sciences, and Frank T. Anbari, assistant professor of decision sciences, published “Analyzing Project Management Research: Perspectives from Top Management Journals,” in the International Journal of Project Management, 27(5), 435-446, July 2009.

Getting Ink

Susan M. Phillips, dean and professor of finance, was interviewed by Kevin G. Hall of McClatchy Newspapers for the story “Is the Fed wearing so many hats it can’t do its main job?” The article looked at the growing power of the Federal Reserve. “ ‘I think that they’ve shifted more from being a bank of last resort to right now a bank of first resort, and they’re in essence helping to finance and keep afloat more than their traditional commercial banks,’ Susan Phillips, a Fed governor from 1991 to 1998, said in a recent interview.” The story appeared in the Houston Chronicle, Kansas City Star, Miami Herald, Newark Star-Ledger, Raleigh News & Observer, Tri-City Herald and the New Jersey Business News. (6/18)

Kathy Korman Frey, adjunct professor of management, was mentioned in the article “The top 10 women’s networking groups in the DC metropolitan area – part two.” The article featured Washington’s best networking groups for women. “The Hot Mommas Project ( was launched by an amazing, inspiring woman named Kathy Korman Frey, who also has been teaching Women’s Entrepreneurship at George Washington University for seven years,” the article said. (6/19)

Christo Pirinsky, assistant professor of finance, was quoted in the Standart News article “Hristo Pirinski: It’s the right moment for Bulgaria to draw in investments.” In the article, Pirinsky predicts that Bulgaria will overcome the financial crisis faster and easier than other countries. “ ‘The crisis in Bulgaria is not a financial one. The disproportions in our country are negligible. The crisis was “imported” due to the open character of the Bulgarian economy.’ ” (6/19)

Students from the GW School of Business Accelerated Master’s of Tourism Administration (AMTA) program were mentioned in the County Times Gazette article “University Study Advises Eco-Tourism for St. Mary’s.” The story was about student-created proposals to increase tourism in the county. “Schaller said that the tourism industry master’s degree candidates came down to tour the county as part of their final project, and the student whose argument won the favor of a panel was the one who proposed marketing some of the county’s natural resources for recreation purposes.” (6/18)

GWSB MBA students were mentioned on the Web site in the story “George Washington MBAs Apply Their Expertise.” “MBA students at George Washington University were recently presented with the task of selecting the top ten businesses that would compete for Dell’s Small Business Award.” (6/26)


The International Council on Small Business (ICSB) named George Solomon, associate professor of management and director of the Center for Entrepreneurial Excellence, as interim editor of the Journal of Small Business Management (JSBM).

Class Notes

Jim Alterman, MBA, ’87, was appointed to the psychiatric intensive care unit as lead psychotherapist at a major Houston behavioral health hospital. In addition, he is expanding his work in private practice and employee-assistance program counseling.

After graduation, Jeff Blake, MBA, ’07, moved to Los Angeles to test his business plan. He founded Altavert in February 2008 to create an alternative, and perhaps a solution, to overpriced outdoor advertising media such as billboards. Currently Altavert serves the greater Los Angeles metropolitan area. The company offers a generous Colonial discount to GW alumni.

Darin Hayden, BBA, ’81, is utilizing her accounting degree from GW and her MBA from Marymount University along with her PMP certification, to pursue a career with Coldwell Banker in residential real estate sales in San Diego, Calif.

Steve McGowan, MBA, ’89, will rejoin the Discovery Channel as the senior vice president of research, after six years with the Nielsen Company in New York. McGowan was previously with Discovery Channel for 13 years before joining Nielsen. In his new position he will plan and direct all broadcast, digital media, marketing, ancillary, and other types of research connected with the Discovery Channel. McGowan currently serves on the board of American Public Television and is closely involved with the Cable and Telecommunications Association for Marketing. He previously served on the television committee of the Advertising Research Foundation.

Sharon Narson, BBA and MSIS, ’99, married Douglas Parobeck on March 8, 2008. Several GW alumni were in attendance (from left to right): Alejo Jumat, Denise Isaac, Melissa Ellman, Nadege Besson-Rouse, Joyce Capati, Nicole Sacks Buckner, Jasmine Koscielski, Matthew Kolodny, and Eric Capati.

Kansas State Treasurer Dennis McKinney has named Aaron Otto, MPA, ’00, as next assistant state treasurer. Otto is the former chief of staff to the lieutenant governor and worked as a member of the governor’s senior staff for the last five years. Prior to returning to Kansas, Aaron was in the Navy, serving sea rotations as well as in the Pentagon and the office of the secretary of defense. During his time in Washington, D.C., he served as special assistant to the assistant secretary of defense; on the staff of the commander of the Atlantic Fleet; in the office of the secretary of the Navy; and as the shipbuilding section head for the chief of Naval Operations.

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