De La Salle University opened the first of a series of lectures by Nobel Laureates in the Philippines, with Prof. Robert Mundell who delivered a lecture last November 15, 2008, at the Yuchengco Auditorium. The lecture series, dubbed Bridges: Dialogues towards a culture of peace, is hosted through the International Peace Foundation.
Mundell was the recipient of the Nobel Prize in Economics in 1999. His lecture was entitled "Economic development by fitting globalization into the national development strategy."
One of the foremost experts in the field of international economics, he has never ceased to teach and share what he has learned from his many years of understanding economic activity in a global perspective.
While Mundell was a professor of economics in prestigious universities such as Columbia University in New York and the Graduate Institute of International Studies in Geneva, Switzerland, he was also an adviser to a number of international agencies and organizations, some of which were the United Nations, the IMF, the World Bank, the European Commission, the Federal Reserve Board, the US Treasury, and the Government of Canada.
His numerous works on economic theory of international economics have significantly contributed to monetary activity around the world. He is considered the father of the theory of optimum currency areas. Among his pioneering works were the theory of the monetary and fiscal policy mix, the theory of inflation and interest growth, and the monetary approach to the balance of payments . He is co-founder of supply-side economics.
His preparation of one of the first plans for a common currency in Europe, the development of euro which is now being used in Europe, was also highly regarded.
The book Les Prix Nobel (The Nobel Prizes1999), edited by Tore Frängsmyr, noted that Mundell's writings complemented his teachings. He wrote over a hundred articles in scientific journals and the following books: The International Monetary System: Conflict and Reform (1965); Man and Economics and International Economics (1968); Monetary Theory: Interest, Inflation and Growth in the World Economy 1971; and co-edited A Monetary Agenda for the World Economy (1983); Global Disequilibrium (1990); Debts, Deficits and Economic Performance (1991); Building the New Europe(1992); Inflation and Growth in China (1996). He also presented lectures and received various recognitions from different universities within the United States.
The book further noted that before his Nobel Prize, he has already received a number of distinctions for his work — a Guggenheim Prize in 1971, the Jacques Rueff Medal and Prize in 1983, the Docteur Honoris Causa from the University of Paris in 1992, an Honorary Professorship at Renmin University in Chinain 1995, the Distinguished Fellow Award from the American Economic Association in 1997, and was made a fellow of the American Academy of Arts and Sciences in October 1998.
The Mundell lecture on campus was co-presented by the Mapua Institute of Technology. This was the first time that Bridges had been conducted in the Philippines. The program aimed to facilitate and strengthen dialogue and communication between societies in Southeast Asia as well as with people in other parts of the world.