One of the oft-debated issues in the US is what the country needs to do to achieve lasting economic recovery. Policymakers often disagree with each other on the cause of economic issues and what the appropriate steps to resolve these issues must be. However, one thing that most policymakers can agree on is that these decisions need qualified, expert advice.
What Types of Experience Are Needed?
The members of the President’s Economic Recovery Advisory Board serve as an example of people who have the right credentials to help fix economic problems. Looking up Charles Phillips Infor, for example, shows that economic experts frequently have educational backgrounds in more than one concentration. A mixture of technology, law, and business administration degrees makes it easier to provide sound economic advice. There are increasing numbers of professionals who obtain degrees in different areas of study for a more well-rounded experience.
Influence Outside the Business World
Phillips and many other professionals also have involvement in many other pursuits unrelated to running businesses that help their ability to offer economic advice. While these experiences do not supplant business experience by any means, they provide additional skills that no professional will want to be without in their career. Economic experts who have additional backgrounds have a much broader range of experiences to pull from in making decisions.
Former military members have a range of experiences that translate well into other areas of life. Veterans, especially officers, have learned to make decisions quickly under adverse conditions. A professional with a military background will often find it easier to make decisions under crisis. When the country is facing serious financial issues, economic experts who know how to make decisions under crisis situations are essential.
Professionals who serve on the boards of museums and other cultural institutions know how important it is to maintain them for future generations. When economic times are tough, these institutions often feel the effects fairly quickly. Professionals who serve on the boards of these groups or have other relevant experience can help make the case for their preservation a lot more easily. In some areas of the US, a thriving cultural and arts community is essential to meaningful economic recovery.
It is also not uncommon for business professionals to serve on the boards of colleges and universities. When a professional has this sort of experience, it serves two important purposes. One, a professional involved with a state university can easily underscore how important their need for funding is. Another advantage of involvement with a university is knowing which programs students are most interested in and whether they will benefit the economy. A director on the board of a school can help make the case for students to get an education in the most beneficial concentrations.
Economic experts have the right tools to bring about recovery. However, it makes a major difference when these experts know how to present their ideas in effective ways. Bringing in additional, non-business experience does help professionals under these circumstances. Experts who can work together can bring about meaningful changes.