December 12, 2002  at the UTDallas Conference Center
5:00 pm - Reception with wine and light buffet
6:15 - 8:00 pm - Program presentation
Admission with $35 donation ($25 for MIT Club of DFW members, $10 for students) . 
For reservations call Mary Langford at 972-377-4554, or email to mitforum@juno.com

Entrepreneurship in a Global Economy: 
The effect of the Current Economy and What to Do About It

Moderator:

• Donald A. Hicks, Ph.D., professor of political economy and public policy in the School of Social Sciences, The University of Texas at Dallas (UTDallas)

Live Panelist

• Harvey Rosenblum, Ph.D., senior vice president and director of research for the Federal Reserve Bank of Dallas

• Sydney Hicks, Ph.D., vice president of Sterling Commerce, Banking Systems Division

• Donald A. Hicks, Ph.D., professor of political economy and public policy in the School of Social Sciences, The University of Texas at Dallas (UTDallas)

Taped Speaker

• Lester Thurow, Dean Emeritus of MIT's Sloan School, MIT Professor of Economics and Management 

Program:

The MIT Enterprise Forum of Dallas-Fort Worth, Inc. (MIT Forum) will present  a program based on the September 18th presentation by satellite of MIT Professor of Economics and Management Lester Thurow, Dean Emeritus of MIT's Sloan School, to groups all over the world, from the Massachusetts Institute of Technology (MIT) in Cambridge, MA. 

The Dallas-Fort Worth panelists for the evening of December 12, 2002 Forum are: Harvey Rosenblum, Ph.D., senior vice president and director of research for the Federal Reserve Bank of Dallas; Sydney Hicks, Ph.D., vice president of Sterling Commerce, Banking Systems Division, and Donald A. Hicks, Ph.D., professor of political economy and public policy in the School of Social Sciences, The University of Texas at Dallas (UTDallas). Dr. (Donald) Hicks will also serve as moderator. 

The premises that will launch the discussion are based on Dr. Thurow's presentation by satellite to MIT Forums all over the world on September 18, 2002. Among the observations that he made about the current economic environment are these.

1. Recessions are normal in capitalism. However, the current shifts in technology, and the entrepreneurship that went with it, were instrumental in starting this recession and have changed the characteristics of the recession that has emerged.

2. Markets go from "overly optimistic" to "overly pessimistic" without ever passing through TRUTH. The new economy is alive and well, and most of the changes lie ahead.

3. What is the probability of a "double-dip" recession where the first dip is caused by a fall in business investment, and the second dip by a fall in consumption?

4. Everyone wants to know the timing of a recovery, but timing is what economists do worst.

5. Today's business scandals are NOT abnormal. They occur at the end of every bubble.

6. Today's environment requires companies to have a chief knowledge officer.