iBR International Business Review
FROM THE EDITORS
Founder, Editor-in-Chief Daniel P. Hellwig Senior Manager Hamad A. Almudhaf
The International Business Review is a student-run publication,
Publishing Manager Diego Arroyo
featuring business-related editorials as well as internationally
Senior Editors David Vinnikov Art Director Tina Xie Online Editor Evan Rosenbaum Communication Nicole Hwang International Editors Erik Buischi Charles Hendren Janis Kreilis Nicholas Theuerkauf Contributing Authors Adrian Bostrom Sean Caverly Sindhura Chitturi Nelson Chiwara Romina Colmenares Sohum Doshi Akshay Kanoria Ian Lim Max Maeckler Serge Morell Cyrus Moshiri Ram Narayan Randall Roth Alan Sostek Eleni Spiliopoulou Akshay Subramanian Carl Michael Tideback Michael Totah Eli Tung Faculty Advisor Prof. Janice R. Bellace Prof. Nicholas Gonedes
oriented interviews and articles. We aim to provide a forum to exchange ideas, opinions, and perspectives on economic issues, as well as to enhance communication and spark debate amongst students, faculty, alumni and the business community, alike. The fall 2010 edition of the International Business Review focuses on this summer’s debt crisis in Europe. Throughout the Àrst quarter of 2010, the general atmosphere was marked by relief. The global economy was no longer on the brink of collapse, and markets continued to recover. Yet, only a few months later, the sovereign debt crises in Europe de-stabilized the world economy yet again. Dr. Josef Ackermann, CEO of Deutsche Bank, stated clearly during our interview that “the risk of unsustainable sovereign debt or even a sovereign default altered the sentiment in the markets and consequently the political community in the Euro area.” Going forward, we should continue to be alert and aware of how these changes will alter the global economy. In our quest for innovation and reader inclusion in ongoing iBR discussions, we are introducing iBR Reader Response, an interactive way for our readers to discuss issues on our website. We hope this
adds a more interactive element, allowing us to further explore the magazine’s content. We would also like to thank the Wharton Undergraduate Division for their continued support.
International Business Review 3925 Walnut Street, Suite 1403 Philadelphia, PA 19104 Telephone: 215-796-4975 email@example.com www.ibr-magazine.com The IBR is published by undergraduate students of the Wharton School at the University of Pennsylvania.
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Daniel P. Hellwig (W’11)
Hamad A. Almudhaf (W‘11)
I N T E R N AT I O N A L B U S I N E S S R E V I E W
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11/27/2010 3:13:01 PM
Fall edition of the IBR magazine at the Wharton School.