Business, Government, and the International Economy (BGIE) is a course about the broad economic and political context in which business operates. Throughout their careers business leaders are asked to formulate and lead their firm's responses to the external environment. They may also have the chance to shape that environment by influencing government policies. In BGIE we explore the key economic, political, and social factors that affect the business environment.
Dante Roscini
MBA Class of 1952 Professor of Management Practice of Business Administration
MBA Class of 1952 Professor of Management Practice of Business Administration
Business, Government and the International Economy
Dante Roscini holds the Professor of Management Practice Chair endowed by the MBA Class of 1952 at Harvard Business School. He joined the faculty in 2008 after a two-decades-long career in finance. He currently teaches the course Business, Government, and the International Economy in the Advanced Management Program (AMP), the HBS program for the most senior executives. Additionally, he co-teaches the Immersion Field Course Italy: Capitalism Past, Present, and Future in the MBA Program and has taught the second-year elective course Managing International Trade and Investment for many years. He received the L.E. Simmons Fellowship for Outstanding Professor Coming from Practice in 2012.
Roscini's academic work is centered around the management of international trade, foreign direct investment, global portfolio investment, and the frameworks for risk assessment and mitigation in transnational trading and investment. His publications cover a range of topics, including politics, institutions, and macroeconomics, with a focus on areas such as sovereign debt and fiscal and monetary policy.
Before joining Harvard Business School, Prof. Roscini had a distinguished 20-year career in senior roles at three leading US investment banks based in London and New York. His positions included Managing Director and Head of European Capital Markets for Goldman Sachs, Head of Global Equity Capital Markets, and Head of the European Capital Markets and Financing Group for Merrill Lynch, where he was also a member of the Capital Commitments Committee and the Managing Directors Promotions Committee. Finally, he was Chairman of Capital Markets for Morgan Stanley, a board member of Morgan Stanley International Bank, Country Head of Italy, and Chairman of FONSPA, a mortgage bank.
In addition to his academic and professional responsibilities, Prof. Roscini serves on the board or the advisory board of public and private industrial and financial companies. He is a Senior Fellow of the Foreign Policy Association and the Atlantic Council and a member of the American Economic Association, National Association for Business Economics, and Centro Studi Confindustria. He is the Co-Chair of the European Economic and Policy Forum at the Minda de Gunzburg Center for European Studies at Harvard.
He is a frequent speaker and moderator at international conferences and provides consultancy services to companies on international investments and geopolitical and geoeconomic risks.
Prior to his finance career, Prof. Roscini worked as a researcher in nuclear archaeometry at the University of Rome, as a design engineer and project manager with Westinghouse Electric Corp. in the US, and as a management consultant with the Boston Consulting Group in Paris.
He holds an M.B.A. from Harvard and a summa cum laude Laurea degree in Nuclear Engineering from the University of Rome, Italy. He was honored with the title of Officer of the Order of the Star of Italy by the President of the Italian Republic.
- Journal Articles
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- Roscini, Dante. "How Will a €1.1 Trillion Bid to Energize the Eurozone Economy Work?" New Atlanticist (March 10, 2015). https://www.atlanticcouncil.org/blogs/new-atlanticist/how-will-a-1-1-trillion-bid-to-energize-the-eurozone-economy-work. View Details
- Roscini, Dante. "Corporate Governance and the Financial Crisis in Italy." Journal of Modern Italian Studies 19, no. 4 (2014): 389–395. View Details
- Roscini, Dante. "BCE, Unica istituzione europea capace di intervenire con tempi compatibili al mercato." MondoInvestor, no. 106 (February 2012). View Details
- Sen, Ashish Kumar, and Dante Roscini. "How Will a €1.1 Trillion Bid to Energize the Eurozone Economy Work?" New Atlanticist (March 10, 2015). View Details
- Roscini, Dante. "Europe after QE and the Greek Elections: Time for Growth?" New Atlanticist (January 26, 2015). View Details
- Roscini, Dante. "Corporate Governance and the Financial Crisis in Italy." Journal of Modern Italian Studies 19, no. 4 (2014): 389–395. View Details
- Roscini, Dante. "Solving the Debt Crisis May Be Europe's Biggest Step Forward." Harvard Business Review Blogs (December 9, 2011). View Details
- Roscini, Dante. "Equity Capital Markets - The Last Two Decades." Special Issue on The Future of Global Equity Capital Markets. IFR Market Intelligence (2009). View Details
- Roscini, Dante. "Evolution of European Equity Market Issuance." Privatisation International (December 1998). View Details
- Cases and Teaching Materials
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- Deshpandé, Rohit, Dante Roscini, and James Barnett. "Zegna." Harvard Business School Teaching Note 524-077, April 2024. View Details
- Roscini, Dante, Jonathan Schlefer, and Konstantinos Dimitriou. "The Greek Crisis: Tragedy or Opportunity?" Harvard Business School Case 711-088, April 2011. (Revised January 2024.) View Details
- Bower, Joseph L., Dante Roscini, Elena Corsi, and Michael Norris. "JPMorgan Chase in Paris." Harvard Business School Case 724-001, October 2023. View Details
- Reinert, Sophus A., Dante Roscini, and Arthur I Segel. "Italy at a Crossroads." Harvard Business School Case 724-013, August 2023. (Revised August 2024.) View Details
- Deshpandé, Rohit, Dante Roscini, and Elena Corsi. "Zegna." Harvard Business School Case 524-021, August 2023. (Revised September 2023.) View Details
- Fabbe, Kristin E., Dante Roscini, Adina Wong, and Dawn H. Lau. "Royal Golden Eagle: Pursuing Cross-border Expansion with Bold Ambition." Harvard Business School Case 723-022, June 2023. View Details
- Roscini, Dante. "The Shuanghui-Smithfield Acquisition (A) and (B)." Harvard Business School Teaching Note 723-029, January 2023. View Details
- Roscini, Dante. "Comviva: Exploring New Frontiers (A) and (B)." Harvard Business School Teaching Note 723-028, December 2022. View Details
- Roscini, Dante, Elena Corsi, and Daniela Beyersdorfer. "Chêne Bleu: Caught in the Trade Tariff Crossfire." Harvard Business School Case 723-020, November 2022. View Details
- Reinert, Sophus A., Dante Roscini, Emilie Billaud, and Elena Corsi. "Italy: Between Technocracy and Democracy." Harvard Business School Case 723-008, September 2022. (Revised October 2022.) View Details
- Roscini, Dante, and John Masko. "Hester Pharmaceuticals (B): Securing Supply." Harvard Business School Supplement 722-009, September 2021. (Revised October 2022.) View Details
- Roscini, Dante, and John Masko. "Hester Pharmaceuticals (A): A Pricing Dilemma." Harvard Business School Case 721-001, January 2021. (Revised June 2021.) View Details
- Roscini, Dante, and Vera Trojan. "Country, Sector, Stock: A Framework for International Equity Investors." Harvard Business School Technical Note 721-012, October 2020. View Details
- Roscini, Dante, and Mahima Rao-Kachroo. "Comviva: Exploring New Frontiers (A)." Harvard Business School Case 721-006, September 2020. (Revised January 2021.) View Details
- Roscini, Dante, Mahima Rao-Kachroo, and Shreya Ramachandran. "Comviva: Exploring New Frontiers (B)." Harvard Business School Supplement 721-010, September 2020. View Details
- Roscini, Dante, and Stacy Tan. "The Shuanghui-Smithfield Acquisition (B)." Harvard Business School Supplement 720-043, July 2020. View Details
- Roscini, Dante, and Stacy Tan. "The Shuanghui-Smithfield Acquisition (A)." Harvard Business School Case 720-042, July 2020. View Details
- Abdelal, Rawi, Dante Roscini, and Elena Corsi. "The Rise of Populism and Italy's Electoral 'Tsunami'." Harvard Business School Case 719-042, November 2018. (Revised June 2019.) View Details
- Roscini, Dante, and Gamze Yucaoglu. "Diageo and Mey Icki: Turkish Delight or Turkish Hangover?" Harvard Business School Case 717-005, August 2016. (Revised July 2017.) View Details
- Roscini, Dante, and Gamze Yucaoglu. "Diageo and Mey Icki: Turkish Delight or Turkish Hangover?" Harvard Business School Teaching Note 717-020, October 2016. View Details
- Roscini, Dante, and Emer Maloney. "Generali: Paving the Way for CEE Expansion." Harvard Business School Case 717-016, September 2016. View Details
- Roscini, Dante, and Matthew Preble. "The Tavistock Group and the Australian Agricultural Company." Harvard Business School Case 717-009, September 2016. (Revised September 2016.) View Details
- Roscini, Dante, and Matthew G. Preble. "The Tavistock Group and the Australian Agricultural Company." Harvard Business School Teaching Note 717-019, October 2016. View Details
- Roscini, Dante, Emer Maloney, and Daniela Beyersdorfer. "OMV Petrom: Investment as Partnership—When It Takes Three to Tango." Harvard Business School Case 716-035, October 2015. (Revised July 2017.) View Details
- Roscini, Dante, and Emer Moloney. "OMV Petrom: Investment as Partnership—When It Takes Three to Tango." Harvard Business School Teaching Note 717-021, October 2016. View Details
- Roscini, Dante, Richard H. K. Vietor, and Hilary White. "Italy: The Good, the Bad and the Ugly." Harvard Business School Case 716-029, September 2015. (Revised July 2016.) View Details
- Roscini, Dante, and Christina Marin. "The TTIP: Bridging the Transatlantic Economy." Harvard Business School Case 716-026, September 2015. (Revised July 2017.) View Details
- Roscini, Dante, and Annelena Lobb. "Evolving Trends in Global Trade." Harvard Business School Background Note 716-024, August 2015. (Revised January 2017.) View Details
- Roscini, Dante, Federica Gabrieli, and Daniela Beyersdorfer. "The TTIP: Bridging the Transatlantic Economy." Harvard Business School Teaching Note 717-022, October 2016. View Details
- Roscini, Dante, Michael Shih-ta Chen, and Keith Chi-ho Wong. "Asia Optical: The Myanmar Decision." Harvard Business School Case 714-026, October 2013. (Revised August 2015.) View Details
- Roscini, Dante, and Matthew G. Preble. "Asia Optical: The Myanmar Decision." Harvard Business School Teaching Note 717-023, October 2016. View Details
- Roscini, Dante, and G. A. Donovan. "Viva Macau (A)." Harvard Business School Case 714-024, December 2013. (Revised August 2015.) View Details
- Roscini, Dante, and G. A. Donovan. "Viva Macau (B)." Harvard Business School Supplement 714-025, December 2013. (Revised June 2015.) View Details
- Roscini, Dante. "Viva Macau (A) and (B)." Harvard Business School Teaching Note 717-024, October 2016. View Details
- Roscini, Dante, Daniela Beyersdorfer, and Jerome Lenhardt. "Persephone's Pomegranate: Crédit Agricole and Emporiki." Harvard Business School Case 713-055, November 2012. (Revised November 2013.) View Details
- Roscini, Dante. "Persephone's Pomegranate? Crédit Agricole and Emporiki." Harvard Business School Teaching Note 717-025, October 2016. View Details
- Roscini, Dante, and Jonathan Schlefer. "Can the Eurozone Survive?" Harvard Business School Case 713-034, September 2012. (Revised July 2013.) View Details
- Roscini, Dante, and Matthew G. Preble. "Can the Eurozone Survive?" Harvard Business School Teaching Note 717-026, October 2016. View Details
- Roscini, Dante. "The Greek Crisis: Tragedy or Opportunity? (TN)." Harvard Business School Teaching Note 712-036, December 2011. View Details
- Roscini, Dante, and Jonathan Schlefer. "How Government Debt Accumulates." Harvard Business School Background Note 711-087, April 2011. (Revised February 2013.) View Details
- Trumbull, J. Gunnar, Dante Roscini, and Diane Choi. "The Euro in Crisis: Decision Time at the European Central Bank." Harvard Business School Case 711-049, December 2010. (Revised March 2011.) View Details
- Trumbull, J. Gunnar, Dante Roscini, and Diane Choi. "The Euro in Crisis: Decision Time at the European Central Bank (TN)." Harvard Business School Teaching Note 711-094, April 2011. View Details
- Alfaro, Laura, Dante Roscini, and Renee Kim. "Chile's Copper Surplus: The Road Not Taken (A)." Harvard Business School Case 710-019, March 2010. (Revised May 2013.) View Details
- Alfaro, Laura, Dante Roscini, and Renee Kim. "Chile's Copper Surplus: The Road Not Taken (B)." Harvard Business School Supplement 710-020, March 2010. (Revised May 2013.) View Details
- Roscini, Dante, Eric Werker, and Han-koo Yeo. "The Kaesong Industrial Complex (A)." Harvard Business School Case 710-022, October 2009. (Revised February 2014.) View Details
- Roscini, Dante, Eric Werker, and Han-koo Yeo. "The Kaesong Industrial Complex (B): Global Manufactures GmBH's Dilemma." Harvard Business School Supplement 710-023, April 2010. (Revised February 2014.) View Details
- Werker, Eric, and Dante Roscini. "Kaesong Industrial Complex (A) and (B) (TN)." Harvard Business School Teaching Note 713-023, September 2012. View Details
- Comin, Diego A., Dante Roscini, and Elisa Farri. "Central Europe after the Crash: Between Europe and the Euro." Harvard Business School Background Note 710-047, April 2010. View Details
- Musacchio, Aldo, and Dante Roscini. "Necessity and Invention: Monetary Policy Innovation and the Subprime Crisis." Harvard Business School Case 709-041, January 2009. (Revised February 2010.) View Details
- Presentations
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- Roscini, Dante. "Global Macroeconomic Scenarios." Paper presented at the Conference of the Italian Banking Foundations, Venice, Italy, November 30, 2018. View Details
- Roscini, Dante. "Italian Banks and the Italy Risk." Paper presented at the Conference of the Italian Banking Foundations, Venice, Italy, November 30, 2018. View Details
- Roscini, Dante. "500 Days after the U.S. Election: Politics, the Economy and the Financial Markets." Paper presented at the Zurich Insurance Annual General Meeting, Zurich Insurance Group, Ltd., Cambridge, MA, June 11, 2018. View Details
- Roscini, Dante. "Global Growth, Inflation and QE Exit." Paper presented at the MondoInstitutional Investor Conference, Rome, Italy, February 14, 2018. View Details
- Roscini, Dante, Jeffry Frieden, Peter A. Hall, Hans-Helmut Kotz, and Christopher Smart. "Is the Eurozone Crisis Over?" Summit on the Future of Europe, Minda de Gunzburg Center for European Studies (Harvard University), October 14, 2016. View Details
- Roscini, Dante. "Trump and the Markets: Bull, Bear or… Chicken?" Paper presented at the Zurich Insurance Annual General Meeting, Zurich Insurance Group, Ltd., Cambridge, MA, March 21, 2017. View Details
- Roscini, Dante, Servaas Deroose, Thomas Wieser, Benjamin Friedman, and Hans-Helmut Kotz. "Europe—On Achieving an Appropriate Economic Policy Stance." European Economic Policy Forum, Minda de Gunzburg Center for European Studies (Harvard University), Cambridge, MA, October 4, 2016. View Details
- Roscini, Dante. "The New Monetary Orthodoxy." Kairos Partners, Milan, Italy, May 2015. View Details
- Roscini, Dante. "Divergence: Investors between a Rock and a Hard Place." Mondo International, Rome, Italy, April 15, 2015. View Details
- Roscini, Dante. "Current Challenges in the Eurozone." Baruch College, Zicklin School of Business Financial Leadership Program, New York, February 27, 2015. View Details
- Roscini, Dante. "What’s Next for Greece: Political and Economic Alternatives." Paper presented at the Director’s Seminar, Minda de Gunzburg Center for European Studies, February 23, 2014. View Details
- Roscini, Dante. "The Global Economy: Stagnation or Improvement." Putnam Investments, Boston, October 24, 2014. View Details
- Roscini, Dante. "Financial Markets and the Underlying Economy: How Wide is Decoupling?" Harvard Business School Europe Research Center, Paris, January 2014. View Details
- Roscini, Dante. "Towards Normalization: A Safe Passage?" Paper presented at the Ambrosetti and Deutsche Bank Webinar, London, July 2, 2014. View Details
- Roscini, Dante. "Residual Markets Risks." Paper presented at the Idea Capital Funds Investor Day, Idea Capital Funds, Milan, March 14, 2014. View Details
- Roscini, Dante. "Normalization or a New Systemic Crisis?" Paper presented at the MondoAlternative Fund Buyer Workshop, Stresa, Italy, May 9, 2014. View Details
- Roscini, Dante. "Issues in the Economic Transition from the Crisis." American Chamber of Commerce in Italy, Rome, May 13, 2014. View Details
- Roscini, Dante. "Markets: Hidden Disruption Potential?" Kairos Partners, Milan, February 27, 2014. View Details
- Roscini, Dante. "Considerations on Recent U.S. Monetary Policy." Paper presented at the Ambrosetti Seminar, Milan, February 27, 2014. View Details
- Roscini, Dante. "Europe: Between Progress and Disinflation." Paper presented at the Ambrosetti Seminar, Milan, February 27, 2014. View Details
- Roscini, Dante. "Corporate Governance and the Financial Crisis in Italy." Paper presented at the Conference on the State of Italy, Watson Institute for International Studies, Brown University, Providence, RI, October 30, 2013. View Details
- Roscini, Dante. "Global Economic Trends and Their Market Implications." Putnam Investments, Boston, October 25, 2013. View Details
- Roscini, Dante. "A Look at the World." Azimut Group, Formentera, Spain, June 14, 2014. View Details
- Roscini, Dante. "Corporate Funding in the Financial Crisis." Paper presented at the Ambrosetti Seminar, Milan, June 13, 2014. View Details
- Roscini, Dante. "The Dynamics of Public Debt." Paper presented at the Ambrosetti Seminar, Milan, June 13, 2014. View Details
- Roscini, Dante. "The Banks and the Crisis." Paper presented at the Ambrosetti Seminar, Milan, June 13, 2014. View Details
- Roscini, Dante. "Central Banks in Times of Crisis: Heroes or Villains?" Paper presented at the Idea Capital Funds Investor Day, Idea Capital Funds, Milan, April 15, 2013. View Details
- Roscini, Dante. "European Banks: All Clear after the ECB Interventions?" Putnam Investments, Boston, October 26, 2012. View Details
- Roscini, Dante. "Effects of the European Crisis on the Chinese Economy." Suzhou Industrial Park, Suzhou, China, June 25, 2012. View Details
- Roscini, Dante. "Europe, Italy and the Banks: Has the Corner been Turned?" Paper presented at the Harvard Business School Alumni Webinar, Boston, MA, April 26, 2012. View Details
- Roscini, Dante. "The European Sovereign Debt Crisis and Italy." Paper presented at the Panel organized by the Italian Consulate of Boston, Consolato Generale d'Italia a Boston, Boston, MA, April 25, 2012. (With Alberto Alesina, Francesco Giavazzi and Lorenzo Bini-Smaghi.) View Details
- Roscini, Dante. "Crisis in the Eurozone: Where are We?" Paper presented at the Idea Capital Funds Investor Day, Idea Capital Funds, Milan, March 15, 2012. View Details
- Roscini, Dante. "Europe and the Banks: Make It or Break It?" Goodwin Procter, Boston, MA, December 16, 2011. View Details
- Roscini, Dante. "Outlook for the Italian Economy." Paper presented at the unquote" Italia Private Equity Congress, Milan, November 10, 2011. View Details
- Roscini, Dante. "The Euro without Europe." Consolato Generale d'Italia a Boston, Boston, MA, April 26, 2011. View Details
- Roscini, Dante. "Italy: The Crisis as an Opportunity." Paper presented at the Convegno Nazionale Cassa Nazionale dell’Artigianato, Confederazione nazionale dell'artigianato e della piccola e media impresa, Rome, July 16, 2010. View Details
- Roscini, Dante. "The Crisis in Italy and Italy in Crisis." Paper presented at the Sole 24 Ore Conference, Sole 24 ore S.p.A., Milan, May 17, 2010. View Details
- Other Publications
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- Bower, Joseph L., Vineet Kumar, and Dante Roscini. "GM's IPO: Back to the Future." Harvard Business School Working Knowledge (November 18, 2010). View Details
- Roscini, Dante. "Building Histories of Emerging Economies One Interview at a Time." Harvard Business School Working Knowledge (May 28, 2014). View Details
- Alfaro, Laura, Dante Roscini, and George Serafeim. "The Future of the Greek Economy." Harvard Business School Working Knowledge (July 2, 2015). View Details
- Roscini, Dante. "Explaining China's Crash." Harvard Business School Working Knowledge (September 2, 2015). View Details
- Roscini, Dante. "We Need a Europe 2.0." Harvard Business School Working Knowledge (June 23, 2016). View Details
- Reinert, Sophus A., and Dante Roscini. "Free Trade Needs Nurturing—and Other Lessons from History." Harvard Business School Working Knowledge (December 11, 2018). View Details
- Reinert, Sophus A., and Dante Roscini. "How to Succeed in Business (According to a 15th Century Trade Merchant)." Harvard Business School Working Knowledge (November 29, 2017). View Details
- Roscini, Dante. "What Hath the United Kingdom Wrought?" Harvard Business School Working Knowledge (June 29, 2016). View Details
- Teaching
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Managing International Trade and Investment (MITI) is designed for students who expect to engage directly or indirectly in commerce and in strategic or financial investments across national borders. It covers concepts that are relevant to a number of operating and financial functions both in industry and in finance. In a globalizing world, managers and investors are increasingly faced with decisions that critically involve understanding the opportunities and the constraints that are being shaped by political and economic developments abroad. Despite the ease with which it is often conducted, doing business across borders is not the same as doing it at home. Rather, it entails a whole new set of managerial challenges: reassessing competitive advantage; evaluating diverse political environments and legal structures; considering the impact of currency fluctuations and trading regimes; and understanding widely disparate cultures and business norms. The purpose of MITI is to build a framework of analysis that enables managers to understand the challenges of international trade and investment and to master the opportunities and the risks that they represent.Over the past decade, I have taught the course Business, Government and the International Economy, part of the required curriculum in the MBA program and the course Managing International Trade and Investment, part of the elective curriculum for second-year MBAs.
- Areas of Interest
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- capital markets
- foreign direct investment
- government and business
- international finance
- capital structure
- family business
- financial strategy
- international finance
- macroeconomics
- mergers and acquisitions
- private equity
- privatization
- venture capital
- Austria
- Baltic countries
- Belgium
- Brazil
- Bulgaria
- Canada
- Central Europe
- Chile
- China
- Czech Republic
- Denmark
- Eastern Europe
- Egypt
- Europe
- Finland
- France
- Germany
- Greece
- Hong Kong
- Hungary
- Iberian Peninsula
- Iceland
- India
- Ireland
- Italy
- Japan
- Korea
- Latin America
- Mexico
- Middle East
- Netherlands
- North America
- North Korea
- Norway
- Poland
- Portugal
- Romania
- Russian Federation
- Saudi Arabia
- Scandinavia
- Singapore
- South Africa
- South America
- South Central Asia
- South Korea
- Southeast Asia
- Southeastern Europe
- Southern Europe
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- United States
- Western Europe
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