Monday, March 2 | 12:00 PM - 1:00 PM
Goldfarb Hall, Room 132
6364 Forsyth Blvd, Clayton, MO 63105, USA
Lamar Pierce, professor of strategy, will deliver a lecture on his recent research findings highlighting how access to finance helps explain the link between the historical African slave trade and current gross domestic product.
By first presenting mistrust, weakened institutions, and ethnic fractionalization as plausible historical channels linking the slave trade to modern finance and development, Pierce’s research shows that (i) the slave trade is consistently linked to reduced access to the formal and trade credit as well as equity financing, (ii) this shortage particularly reduces capital investment in smaller firms and those in manufacturing, and (iii) the slave trade cannot explain most other business obstacles, suggesting that long-term societal shocks are exceptionally important for finance.
This event is free and open to the public. Lunch will be provided. RSVP encouraged; email firstname.lastname@example.org.
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