International Advisory Board
IAB Optimistic about European Economy

IESE’s International Advisory Board convenes annually to advise IESE’s management on current trends in the economy and business management.

Resume Madrid, March 5. Despite the faltering U.S. economy, European Union member states will continue to experience growth, according to a group of international CEOs and academics from IESE Business School, who met recently in Madrid. IESE’s International Advisory Board convenes annually to advise IESE’s management on current trends in the economy and business management. Headed by IESE’s Dean Carlos Cavallé, the board is made up of CEOs of international companies from Asia, Europe and America. The 2001 predictions The board predicted that the euro will gain against the dollar in the coming months, thus increasing the currency’s acceptance on the international markets when it comes into circulation next year. Europe’s growth potential is further improved, concluded the board, by the fact that the New Economy is yet to take root in Europe. Regarding the recent poor performance of international capital markets, the IESE board rejected any link to the perceived downturn in Internet-related business. “On the contrary, the Internet is not only facilitating electronic commerce, but is generating new ways of management which are more efficient, and with better internal communication,” they said. This year’s meeting marked the addition of two new members to the IAB board, which was formed in 1989: Franklin P. Johnson, president of Asset Management Company, USA, who is an expert in venture capital and the New Economy, and José MĒ Castellanos, CEO of Inditex, Spain. .