Professor Lamar Pierce will deliver a lecture on his recent research findings highlighting how access to finance helps explain the link between the historical African slave trade and current gross domestic product.
By first presenting mistrust, weakened institutions, and ethnic fractionalization as plausible historical channels linking the slave trade to modern finance and development, Professor Pierce’s research shows that (i) the slave trade is consistently linked to reduced access to the formal and trade credit as well as equity financing, (ii) this shortage particularly reduces capital investment in smaller firms and those in manufacturing, and (iii) the slave trade cannot explain most other business obstacles, suggesting that long-term societal shocks are exceptionally important for finance.
This event is free and open to the public. Lunch will be provided.
RSVP encouraged; email firstname.lastname@example.org.
About the speaker
Professor of Organization & Strategy and Associate Dean for Olin-Brookings Partnership
Pierce’s research focuses on economic and psychological factors that impact both productivity and misconduct, and the organizational solutions to jointly address these effects. He teaches strategy, management, business ethics in the MBA, undergraduate and executive MBA programs at Olin Business School, serving as the director for Olin academic programs at the Brookings Institution in Washington, D.C.
Event Sponsors: The Africa Initiative at the Institute for Public Health