Recent Papers

 

In September 2015, the United Nations General Assembly introduced the Sustainable Development Goals, with the aim of addressing global issues such as economic inequality, poverty and climate change. While we have seen progress in the last four years, it is evident that we still have a long way to go when it comes to meeting these goals. In order to achieve them, all sectors of society must unite in working towards a more equitable, sustainable and peaceful future.

While many areas of the private sector — including financial institutions, investors and the media — have roles to play in the struggle to achieve these goals, this paper focuses on the role of the corporation and identifies three key actors that influence the behavior of companies: government, investors and consumers.

This paper was written by Diya Kraybill, a Knowledge@Wharton student fellow in 2019.

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In certain political corners, the Great Recession is seen, rightly or wrongly, to have tarnished the reputation of the U.S. Federal Reserve system. Some libertarians have argued against the purpose, and even existence, of the central bank, which they think helped cause the 2008 crisis. Furthermore, their anger is compounded by then-Fed Chair Ben Bernanke’s bailout of financial institutions with distressed assets — even though he was acting to rescue the U.S. economy.

Against that backdrop, it is no surprise that digital currencies such as bitcoin have gained traction. Bitcoin seems to seems to offer an innovative option to citizens disenchanted with the existing monetary system. The relatively new digital currency provides not only decentralization, but also a limited money supply — all working within an anonymous peer-to-peer, ledger-based transaction system. Yet, underneath the claims of cryptocurrency advocates lie numerous problems and obstacles that would prevent bitcoin from becoming a truly efficient, independent and widely accepted currency.

The author of this paper, William Wu, is a Knowledge@Wharton Student Fellow who conducted his research on bitcoin during a summer fellowship in 2017. He is a recent college graduate and is now working towards obtaining his real estate license.

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