Faculty News | Bloomberg Businessweek | 14
The Stock Market and the Economy's Apparent Disconnect
Re: Jan Rivkin
The budget clashes in Washington aren’t just political theater; they’re fights over a shrinking pie. “As long as there’s a wedge between our ambitions and our means, the crises will keep coming back, I guarantee it,” says Jan Rivkin, co-author of a new Harvard Business School report, Competitiveness at a Crossroads. He sees the possibility of a downward spiral in which American businesses look elsewhere for growth, which could turn politicians and the public against them, making them even more likely to seek opportunities outside the U.S.