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Contents : Nobel Prize Winning Economist Joseph E. Stiglitz "Freefall: America Free Markets and the Sinking of the World Economy" GERRY SELTER: Good afternoon hello I get to introduce myself. My name is Gerry Selter and I m currently serving as the provost and vice president for academic affairs at San Jose State University and this is a fabulous crowd I don t know if I ve ever been in here with the balcony occupied but its really impressive. My understanding is that we have a significant overflow into the Engineering auditorium so that this is being webcast also over in the engineering. That auditorium looks like it holds about a third of this auditorium but were really delighted at the turnout. On behalf of President John Whitmore the Office of the Provosts and the Global Leadership Advancement Center in the Lucas Graduate School of Business I m really pleased to welcome you all here tonight to this very timely and special event with Nobel Laureate Joseph Stiglitz. San Jose State University prides itself in powering the Silicon Valley one of the most innovative and entrepreneurial regions in the world and also a key player in national and global economics. For over the last four decades we ve graduated about two hundred thousand men and women the majority of which has entered the Silicon Valley workforce so within that context we are delighted that Professor Stiglitz has agreed to return to this campus and share with us some of his more recent work namely his new book entitled Freefall: America Free Markets and the Sinking of the Global Economy. It s my understanding I apologize I haven t read it yet my understanding that in the work he explains of course the current global crisis the response of the Bush and the Obama administrations and the implications for our economic future. As you know when you came in you were handed a 3x5 card and Professor Stiglitz has agreed to take questions at the end of his talk so you are encouraged if you want to ask questions to write them on the card ushers will collect them periodically during the talk and if you re lucky you ll get one of yours answered. Making an event like this take place takes the concerted effort of a large number of people and I don t have the time tonight to identify them all by name but I did want to express our appreciation for the work that was done to get this event put together on relatively short order on university time that is as the university clock turns. Now it s my pleasure at this time to introduce the speaker who will introduce our speaker and that is Dr. Joyce Osland she is the Lucas Endowed Professor of global leadership and the director of the Global Leadership Advancement Center. Dr. Osland is a specialist in international management with a focus on global leadership in Latin America management. She has lived and worked overseas for at least fourteen years in seven different countries primarily doing international development work so at this time it s my pleasure to ask Joyce to come up. JOYCE OSLAND: Good afternoon were delighted that so many of you came even when it was raining I was gonna make a comment about that but since our speaker is from New York I think he ll just think that we were wimps that it s a big deal for us to come out in the rain. Before introducing Dr. Stiglitz I have to do a commercial right So I want to tell you briefly about a new initiative that we have at the university. A few years back the RAM Corporation did a study and predicted a shortage of global leaders in all three sectors business non profit and government and they encouraged universities to step up and start adding global leadership to their curriculum. San Jose State is one of the first universities to do that and we also have a new center the Global Leadership Advancement Center which we finally called GLAC which has some new programs for students that were rolling out and not just for business majors it s for other students too. If you re interested in what were doing and our purpose is to advance global leadership knowledge and best practices I encourage you to grab a brochure as you leave the auditorium they ll be a GLAC table

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