Alarms Sound in Korea BRIC Summit in Durban, staying ahead of the clean energy curve, echoes from the Cold War emanate from Korea and Perks of an MBA in Europe: hear what HSG experts had to say in the media. 19 April 2013 Until recently, when people think about entering into an MBA program, more often than not they think of studying in the USA but recently that trend has started to change. Data from Gmac's 2012 Application Trends Survey show that 37 per cent of European programmes reported a rise in application volumes for the 2012-13. The findings as well as quotes from Simon Evenett and MBA student Lili Zhao can be found in The Independent. BRIC Gathers in South Africa South Africa hosted the fifth BRICS Summit from March 26-27 in Durban. During the summit, the participating countries agreed to set up a $100-billion currency crisis fund and a new development bank. HSG Professor and former World Bank official Simon Evenett noted that, “Creating development banks is in vogue. Every summit has to have a deal and Durban is no different.” Bloomberg’s article, which quoted Evenett can be found here. BRICS is an acronym for the rising group of the world’s emerging economies, namely Brazil, Russia, India, China and South Africa. Their first Summit took place in Russia, where elected leaders of the participating countries formally declared their membership in the group. South Africa joined in 2010, changing the acronym to BRICS. Clean Today, More for Tomorrow In the past decade Switzerland has become a leader in "cleantech", an industry which includes the development of renewable energy, energy efficiency, waste management, recycling, water management and sustainable mobility. In an article on Swissinfo, HSG’s Rolf Wüstenhagen points out that the move towards cleantech is not a just a passing fad. "Many of the global problems that we are faced with today - climate change, nuclear risks, population growth, urbanisation – will place increasing demand on clean technologies." As these technologies become more the norm and become increasingly efficient, cleantech will no doubt play a major role in the Swiss economy where already the industry is responsible for 4.5 per cent of the workforce and contributes 3.5 per cent to GDP. Escalating Troubles on the Korean Peninsula For the past couple of weeks, North Korea and its leader Kim Jong Un have been making threats of war towards South Korea and therefore its ally the USA. An increase in rhetoric has now seen Kim Jong Un allude to war, raise missiles into attack positions and withdraw all of its workers from the jointly administered Kaesong Industrial Zone. In retaliation Japan is readying Patriot Missiles to protect Tokyo and has the US and South Korea on "Watchcon two" its highest alert and participating in massive joint military exercises in the region. With the entire world watching and trying to make sense of both North Korea’s motives and the escalation of events, James W. Davis, HSG Professor of International Politics and Director, Centre for Security, Economics & Technology, brings a different perspective to the situation in his article found on the Huffington Post. He points out that displaying a strong response to North Korea’s sabre rattling could drive us exactly to the place we didn’t want to go to – namely military and possibly nuclear conflict. His article can be found on the HSG website.