News & Highlights

  • MAY 2019

The Global Classroom: MBA FIELD Global Immersion

The FIELD Global Immersion is a required course for all first-year MBA students at Harvard Business School offering an immersive experience that sends 930 students to 12 global locations with which they have little familiarity. In May 2019, over 300 students led by HBS faculty and staff will travel to Asia and work with more than a dozen companies in Shanghai, Ho Chi Minh City, Bangkok, and Seoul, to solve a customer challenge using the process of design thinking.
  • MARCH 2019

President Bacow visits Hong Kong, Beijing, and Shanghai

More than 300 alumni and guests gathered at the Shangri-La Hotel in Hong Kong on March 18 giving a warm welcome to President Lawrence Bacow and his wife, Adele Fleet. At the event, President Bacow explained that his visit to China shortly after stepping into office underscored the importance of continuing the historically strong ties between Harvard and China. He shared that among American universities, Harvard houses the largest number of faculty who study China. President Bacow closed his remarks by thanking alumni from Hong Kong, Beijing, Shanghai, South China, and Taiwan for their continuous support to Harvard.
  • MARCH 2019

HBS Executive Education: Senior Executive Leadership Program—China

Taught in both Chinese and English with simultaneous transition, the innovative Senior Executive Leadership Program—China was first developed by eleven HBS faculty in 2018. Taught in a series of modules offered in Boston and Shanghai, this program has helped more than 80 executives become stronger leaders who can deliver value on a global stage, drive new levels of innovation, and build accountable, high-performance organizations. Current participants recently completed the second of four modules in Shanghai. Participants will complete the third module in country this May before traveling to Boston for the fourth and final module.

New Research on the Region

  • June 2019
  • Case

Fangda Partners: A Step Ahead

By: Ashish Nanda and Lisa Rohrer

Elite Chinese law firm Fangda Partners has steered Alibaba and other Chinese and international clients through the complex legal, corporate, and regulatory challenges associated with executing international transactions. “Fangda has traveled a long distance in a short while,” reflects senior partner Jonathan Zhou, “but we have a long distance to traverse further. We have lofty aspirations.” Fangda Partners seeks to build on its growth and strong reputation to establish itself as a major, high-end law firm in the Chinese market. What needs to be accomplished and how should Zhou proceed?

  • June 2019
  • Case

Malaysia: An 'Asian Tiger' Reawakens

On May 9, 2018, in an extraordinary upset, Mahathir Mohamad again became Malaysia’s Prime Minister. Najib Razak, who had headed the government since 2009, had been swept up in the 1MDB scandal—perhaps the biggest state-corruption incident in history. Although Malaysia’s growth had remained solid since the financial crisis, the scandal undermined the budget, the country’s debt position, and foreigners’ willingness to invest. What was it in the history, culture, and institutional structure of the country that had allowed 1MDB to happen. And could the 93-year-old Mahathir get the country back on track?

  • 2019

Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy

By: Alberto Cavallo, Gita Gopinath, Brent Neiman and Jenny Tang

We use data collected at the border and at retailers to characterize the impact of recent changes in US trade policy on importers, consumers, and exporters. We start by studying the tariffs on imports of steel and Chinese goods that were imposed during 2018. We find little difference in the "at-the-dock" ex-tariff price levels and stickiness for otherwise equivalent goods that were affected and not affected. This nearly complete passthrough of tariffs to the total price paid by importers suggests the tariff incidence has fallen largely on the US. We simultaneously estimate exchange rate passthrough and find the response to be far more muted. Next, in-progress analyses of retail prices preliminarily show more heterogeneity, with the higher cost of imports passed through to consumers for some goods, such as washing machines, but absorbed by lower retailer profit margins for others, such as many from China. Finally, in contrast to imports, US exports subjected to retaliatory tariffs exhibited declines in their ex-tariff prices relative to equivalent but non-targeted goods.

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Hong Kong Staff

Billy Chan
Kitty Chow
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Shanghai Staff

Jingsheng Huang
Managing Director and Executive Director, Harvard Center Shanghai
Bonnie Cao
Shu Lin
Vina Tang
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