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Hania Dawood wants to dispel the myths about business students. “I think the Wharton prototype is assumed to be driven strictly by money, interested either in a career in investment banking or consulting and is a numbers person,” the Wharton grad says. “It is important to realize, however, that not all students end up with careers in investment banking or consulting, and not all concentrations at Wharton are number concentrations.” And Hania is one of those graduates. She graduated from Penn in May 2005 with a B.S. in Economics and a B.A. in Political Science. Instead of taking on Wall Street, she’s taking on the world of international development as part of the prestigious Research Assistant Program at the International Monetary Fund (IMF) in Washington, DC. As part of the African department, she works closely with top economists on projects ranging from preparing documentation for country missions to conducting debt sustainability analyses to researching macroeconomic reports and summaries. Not your typical desk job. “Through missions to the African countries that I cover, I hope to always put a human face to issues of poverty and theoretical economic policies,” she says. So how does a business student go from dreaming big to participating in global development? Why did you choose Wharton? I think very few 16-year olds know what they want to do in high school. I certainly wasn’t one of those who knew. I did know that I had an interest in economics and in practical things. A family friend said to me: “Wharton is the diamond, the other schools are gold.” Before coming to the US, I lived in both Bahrain and Jordan. Throughout the world, Wharton is renowned for its world-class education. I liked Wharton’s international and global perspective, and its diverse curriculum, which balances business and the liberal arts. How did Wharton prepare you What stands out about my experience at Wharton is the emphasis on practical approaches to problem-solving. Wharton’s case-based curriculum pushes students to constantly think about strategic and practical considerations, about how to get from A to B, rather than theorizing about the ideal state of B. Personally, what made my experience at Wharton unique was the curriculum’s flexibility. I took advantage of my option to create an individualized concentration. Although I recognized the importance of gaining knowledge in areas like finance and accounting, I had a genuine interest in economic development. I petitioned the administration to create a concentration in Economic Development in Emerging Markets—drawing on courses from the Business and Public Policy and Legal Studies departments. You are part of a highly competitive program My Wharton education certainly helped me get my job at the IMF. Positions with international organizations such as the IMF are very competitive and having a degree from a top school like Wharton makes it easier for a resume to be noticed. During the interview process, I was able to make a strong case that I have used my undergraduate business degree to prepare for a career with an international financial institution like the IMF because I chose to create an individualized concentration. What do you do on a day-to-day basis? The RAP program at the IMF is designed for recent college graduates who have an interest in economic policy. I work in a team of economists that covers Nigeria, Angola, Gabon, and Guinea. I work closely with economists to project national income accounts, conduct econometric analyses of various economic sectors and indicators, assess countries’ debt sustainability, and monitor programs through missions to countries and data received on a regular basis by finance ministries and central banks. Do you feel like you are helping to make the world a better place through your work? When the recruiting season for internships began in my junior year at Wharton, I spent a considerable amount of time thinking about what I was genuinely interested in and what I was truly passionate about. I reached this conclusion: I am genuinely concerned with the intractable Palestinian-Israeli conflict, and I am genuinely concerned about the fact that the potential of millions of people is hampered by lack of economic resources. I knew that I wouldn’t be satisfied unless my career somehow contributed to solving these problems. I hope that my career at the IMF will equip me with knowledge of the mechanisms to improve macroeconomic policies, and that, in the long run, should improve standards of living and achieve economic growth and development. What would you like to be doing in 10 years? I plan to get a graduate degree in public policy or economics over the next three to five years. Ideally, I would like to be a civil servant in a developing country, helping to improve the functions and efficiency of institutions. I can also see myself pursuing a career at the World Bank with a regional focus on developing countries. Any advice for an aspiring young economist interested in international development? Nailing a job with an international organization like the IMF, the United Nations, or the World Bank is no easy feat. These jobs are very competitive and most organizations require advanced degrees for their openings. Having said that, programs for recent bachelors’ grads, like the Junior Professional Associates Program at the World Bank, the Research Assistant Program at the IMF, and the Analyst Program at the International Finance Corporation, do exist. These institutions typically don’t recruit on campuses. So students need to be proactive, do their homework, and apply independently to these programs. I highly recommend setting up informational interviews with alumni and talking to members of these organizations. I also say students interested in international development should get involved in relevant extracurricular activities. At Penn, for example, there are several student groups that deal with these issues, such as Net Impact, Penn Students for International Development, and Penn for UNICEF. I would also suggest taking courses that demonstrate interest in development areas. These steps will most definitely be useful and help prospective candidates make a strong case about why they’re a good fit for the position. Any advice for young women The glass ceiling faced by women in business is a reality. The Economist did a special feature last July that attests to that. Ceilings and barriers across gender, racial, and cultural lines do exist. As an Arab woman in the business world, my advice to minorities and others facing such barriers is: it’s our duty to set examples. And each example contributes to breaking down these barriers.
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B. It’s the Asia-Pacific Economic Cooperation. Established in 1989, APEC facilitates economic growth, cooperation, trade, and investment in the Asian-Pacific region. Unlike the WTO, its 21 members have no treaty obligations. Members include China, Thailand, Australia, Canada, Russia, Vietnam, and the United States.
B and C. Debt relief became a popular issue in the 1990s, when celebrities like Bono began promoting the cause with Jubilee 2000—an international coalition of more than 40 countries who wanted to achieve debt relief by 2000. Because many of the heavily indebted countries accrued their debts while under dictators, supporters of the program argue that these countries should not have to pay for corrupt regimes. Countries like Benin, Tanzania, and Mozambique have benefited from debt relief and have used the money for social programs like education and HIV/AIDS health care. Opponents of debt relief argue that it gives more money to corrupt governments. Uganda, for example, saw a 24% increase in military spending after entering a debt relief program.
False. The gross domestic product (GDP) is the total monetary value of goods and services produced within a country over a year. The gross national product (GNP) combines the GDP with income from other countries (through interest and dividends) and payments made to other countries, less similar payments to other countries. GNP is used more frequently to determine the wealth of a country.
D. The HDI assumes that economic growth does not necessarily equal human development and well-being. Leading the list since 2001, Norway has a life expectancy of 78.9 years, a 100% literacy rate, and a GDP per person of $36,600. The United States lands in the 8th spot, Japan is 9th, and the United Kingdom is 12th. Nineteen of the twenty bottom countries are from Africa. Sierra Leone ranks last, with a life expectancy of 34.3 years, a 36% literacy rate, and a GDP per person of $520.
C. While sustainable development is closely tied to the environment, the UN report contained a broader definition. One of the hurdles hindering sustainable development is environmental degradation, or the diminishment of a local ecosystem of the biosphere because of human activity.