University of Cambridge
Dr. Saite Lu is a lecturer in economics at Pembroke College, University of Oxford and a senior teaching associate in development economics at the Faculty of Economics, University of Cambridge. He is currently working for the Wealth Economy project at the Bennett Institute for Public Policy (BIPP). The project explores the conceptualisation and measurement of ‘missing capitals’. His work mainly considers the role of human capital and its interactions with social and natural capital. He is also leading another research project at the BIPP that aims to develop empirical Stock-Flow Consistent (SFC) macroeconomic models for policy analysis.
Outside academia, Saite has spent several years working as a professional economist. He worked on various consultancy projects for the Overseas Development Institute, Gates Foundation and World Bank. Between 2013 and 2015, he was a senior economist/ODI fellow at the Ministry of Finance and Economic Development, Sierra Leone. Upon completion of the fellowship, he continued to provide technical support to the governments of Sierra Leone, South Sudan and Ethiopia as a macro-fiscal adviser. He also actively engaged in the research on microfinance in Bangladesh and multidimensional poverty measurement with the Oxford Poverty and Human Development Initiative (OPHI).
Saite has a PhD in Development Economics from the University of Cambridge. His thesis investigates the linkages among global trade imbalances, international capital flows, and the financial crisis. He has an MPhil and a BSc in Economics from the University of Oxford and the University of Ulster respectively.
The course explores determinants of industrial competitiveness and successful economic development viewed from a bottom-up, microeconomic perspective. While sound macroeconomic policies and stable legal and political institutions create potential for industrial competitiveness, wealth is actually created at the microeconomic and firm levels. The sophistication and productivity of firms, the vitality of industrial clusters, and the quality of the business environment are the ultimate determinants of the productivity and innovation capacity of nations, regions and industries.
This course examines both advanced and developing economies and addresses competitiveness at multiple levels – nations, subnational units such as states or provinces, particular clusters, and neighbouring countries. The course is concerned not only with government policy but also with the roles that firms, industry associations, universities, and other institutions play in competitiveness. In modern competition, each of these institutions has an important and evolving role in economic development.
The course explores not only theory and policy but also the organizational structures, institutional structures, and change processes required for sustained improvements in competitiveness.
This is a distinctive graduate course offered in cooperation with prof. M. Porter and a team of his colleagues at Harvard Business School (HBS). It is designed to be taught to second year MBA students at HBS and affiliates of the Institute for Strategy and Competitiveness at Harvard Business School (http://www.isc.hbs.edu/moc.htm).
The main aim of the course is to enable the students to integrate and activate general knowledge on competitiveness in order to make analytical managerial decisions. The course focuses on the environment in which global strategy is developed at the corporate, business and operational levels. Particular attention is paid to the processes, competencies and vision of top management, competitive positioning, understanding comparative costs.
Part of the purpose of the course is to expose students to some of the most successful countries and regions. In addition to cases, there are readings, a series of lectures, and videotaped appearances by guests who are national, regional, or business leaders involved in the cases studied or experts on the issues discussed in class.
Learning Outcomes of the Course
On completion of this course successful students will enhance their skills for formulating strategy by developing an understanding of a firm’s operative environment. They will master a range of analytical tools and demonstrate the ability to take an integrative point of view in using these tools to perform in depth analyses of industries and competitors, predict competitive behaviour, analyse how firms develop and sustain competitive advantage over time.
Upon successful completion of this course, students will be able to: