经济管理外文翻译----风险管理幸存者的前车之鉴

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1、原文 : Report from Davos: Risk Management Survivors Offer Cautionary Tales Wharton management professor Michael Useem joined heads of state, politicians, CEOs, celebrities and others at this years World Economic Forum in Davos, Switzerland, where, he says, the mood seemed to be one of muted optimism.

2、But, as he points out, there was also a recognition of how much still needs to be done to prevent the kinds of catastrophes - both natural and created - that changed the lives of so many individuals over the past two years. Useem, director of Whartons Center for Leadership and Change Management, off

3、ers this report on Davos. Among the 2,500 business executives, political leaders and others who attended the 2011 meeting of the World Economic Forum in Davos, the mood was one of cautious recuperation from a self-induced, life-threatening illness. The financial crisis had been surmounted but not wi

4、thout lingering frailties, especially the under-employment of the West. The ongoing political upheavals in Tunisia and Egypt added another crisis to the focus in Davos. The Forum arranged a special session on the unfolding actions in North Africa and the Middle East, and many participants sought fre

5、quent updates on the historic events, wondering whether the street protests, in the words of the special session, were a tipping point or tsunami, and whether they would result in a soft landing or a bloody one. Still, cautious optimism prevailed among the national and corporate leaders in Davos tha

6、t they had taken the right steps for at least the financial recovery. Not all their actions had worked, but on balance they had, and many of these leaders promised now to better prepare their agencies or enterprises to manage future threats in a world that has become ever more subject to low-probabi

7、lity but high-consequence events. The Haitian earthquake and BP oil spill in the Gulf of Mexico served as recent reminders that enormous catastrophes were not only financial - and that much remained to be done for managing extreme risks in a world more vulnerable than ever to both natural and unnatu

8、ral calamities. The agenda going forward: continue to monitor financial institutions and sovereign debt to prevent systemic collapse, build a learning network, redesign the board and rewire the mind. Continuing Vigilance Several of the more than 35 national leaders in Davos vowed to use their state

9、powers to avoid any financial relapse. If governments had learned anything from the near death experience of the crisis, it was to more effectively oversee risk takers and their short-term, self-interested decisions. We were standing on the brink of an abyss, said French President Nicolas Sarkozy of

10、 the financial crisis, and we had to act. But new perils are now leading toward new brinks, he warned, including the teetering sovereign debt of several European nations and a questioning of the euro. In the wake of the banking crisis, governments must again act boldly to prevent further upheaval. T

11、he euro is Europe, he declared. We will never let the euro be destroyed. German Chancellor Angela Merkel added her own defense of the currency, saying it is the embodiment of Europe today. Should the euro fail, Europe will fail. She also sought tougher oversight of the players that had brought on th

12、e financial meltdown to begin with: I always said there would be a new deck of cards on the table after the crisis, though governments have not yet managed to deal all the right cards. Do we have the necessary mechanisms in place to ensure sustainable growth globally? We have laid down the groundwor

13、k, she stated, but we are not there yet. Similarly, U.S. Treasury Secretary Timothy Geithner warned that, despite six quarters of GDP growth in the U.S., national leaders still had work to do to take catastrophic risks out of the market. And U.K. Prime Minister David Cameron, observing that given th

14、e traumas of recent years, the recovery was always going to be choppy, argued that country officials had no choice but to continue to modernize and adapt their economies or otherwise fall behind and fail. Other country leaders cited additional perils that required still more measures. Indonesian Pre

15、sident Susilo Bambang Yudhoyono worried about emerging conflicts over food, fuel and water that threatened to elevate private greed over public need. Russian President Dmitry Medvedev warned of the continued fragility of our condition, brought home just days before by a devastating explosion in the

16、Moscow airport. But he, too, cautioned that the economic recovery was not yet complete. Many tend to speak of the end of the world financial crisis, he stated, but it is quite obvious that it is not all that simple. While the crisis has sobered up everyone, we have coped with only one part of the sy

17、mptoms of the crisis, and so far we have not found a model for growth. Symptomatic of the heightened awareness of risk management, the Prime Minister of Japan, Naoto Kan, referenced the English utilitarian philosopher Jeremy Benthams principle of creating the greatest happiness for the greatest numb

18、er. In an era in which the downsides of risk have become more severe, he said that the Japanese government under his leadership, by contrast, would stress policies that generate not the greatest happiness - but rather a society with the least unhappiness - for the greatest number. Building a Learning Network