Measuring progress towards a better world

Measuring progress towards a better world

  • Academic session, TBC June: Measuring progress towards a better world
  • Investor session, TBC June: Asset allocation for a changing world

This is the third theme of the Franklin Templeton and Green Templeton College program ‘Navigating the COVID challenge’. Please click here for further information about this program.

How far recovery strategies have come in delivering the outcomes they promise? This is the question that will close the program. Our panellists will assess progress and long-term implications of the recovery strategies looking at the economic output, but also well-being and sustainability.


Joseph Stiglitz

Joseph Stiglitz

Nobel prize economist and University Professor
[Credit: Daniel Baud/Sydney Opera House]

  • Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president's) Council of Economic Advisers.

    In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001 and received that university's highest academic rank (university professor) in 2003. In 2011 Stiglitz was named by Time magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz's work focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. He is the author of numerous books, and several bestsellers.

    His most recent titles are People, Power, and Profits, Rewriting the Rules of the European Economy, Globalization and Its Discontents Revisited, The Euro and Rewriting the Rules of the American Economy.

Stephen Dover

Stephen Dover

Chief Market Strategist
Head of Franklin Templeton Investment Institute

  • As Franklin Templeton’s Chief Market Strategist and Head of the Franklin Templeton Investment Institute Stephen Dover leverages the knowledge of the firm’s autonomous investment teams to provide global capital market and long-term investment insights internally and to clients. The Franklin Templeton Investment Institute harnesses the depth and breadth of the firm’s global investment expertise and extensive in-house research capabilities to deliver unique investment insights to clients. Mr. Dover is a member of Franklin Resources' executive committee, a small group of the company's top leaders responsible for shaping the firm's overall strategy.

    Prior to his current role, Mr. Dover served as Executive Vice President, Head of Equities for Franklin Templeton, leading the firm's equity investment teams. He has also served as Chief Investment Officer of the firm’s Emerging Markets Equity group and local asset management teams. Previously, Mr. Dover was a founder and chief investment officer of Bradesco Templeton Asset Management (BTAM), a joint venture between Franklin Templeton and Banco Bradesco in Sao Paulo, Brazil.

    Prior to joining Franklin Templeton in 1997, Mr. Dover was a portfolio manager with Vanguard where he co-managed an equity income strategy. He also worked for Towers Perrin Consulting (now Willis Towers Watson) in New York, London and San Francisco.

    Over the course of his 40 years in the investment industry, Mr. Dover has lived in China, Europe, Brazil and the United States. Mr. Dover holds a B.A., with honors, from Lewis and Clark College and an M.B.A. in finance from The Wharton School of the University of Pennsylvania. He is a Chartered Financial Analyst (CFA) charterholder. Mr. Dover is on the Board of Trustees of Lewis and Clark College and Law School.

Sonal Desai

Sonal Desai

CIO Franklin Templeton Fixed Income Group
Franklin Templeton

  • Sonal Desai, Ph.D. is the executive vice president and chief investment officer for Franklin Templeton Fixed Income. Dr. Desai is responsible for overseeing Franklin's Municipal, Corporate Credit, Floating Rate, Multisector, Global (including Emerging Markets), and Money Market Fixed Income teams. She is also a portfolio manager for a number of strategies, including Core Plus, Strategic Income, Total Return, Low Duration, Global Absolute Return, and Global Aggregate Fixed Income.

    She is a member of Franklin Resources' Executive Committee, a small group of the company's top leaders responsible for shaping the firm's overall strategy. In addition, she serves on the firm's Management and Investment Committees.

    Prior to her current role, she served as a portfolio manager with Dr. Michael Hasenstab for the flagship Templeton Global Bond and Templeton Global Total Return strategies, as well as director of research for Templeton Global Macro, shaping the team's research agenda of in-depth global macroeconomic analysis covering thematic topics, regional and country analyses, and interest rate, currency and sovereign credit market outlooks. She started her career as an assistant professor of economics at the University of Pittsburgh, and then worked for over six years at the International Monetary Fund in Washington, DC.

    Following this, she joined the private financial sector and worked for about five years as director and senior economist for Dresdner Kleinwort Wasserstein in London. Dr. Desai joined Franklin Templeton in 2009 from Thames River Capital in London.

    Dr. Desai holds a Bachelor of Arts in economics from Delhi University and a Ph.D. in economics from Northwestern University. She was part of the Templeton Global Bond Fund portfolio management team named Morningstar's Fixed Income Manager of the Year in Canada in 2013.

Bonnie M. Wongtrakool

Bonnie M. Wongtrakool

Global Head of ESG Investments
Western Asset (a Franklin Templeton Specialized Investment Manager)

  • Bonnie Wongtrakool is the Global Head of ESG Investments and Portfolio Manager in Western Asset’s Pasadena office, which she joined in 2003. Bonnie leads the Firm’s ESG research, engagement, strategies and portfolios, which express Western Asset’s ESG capabilities across a wide range of fixed-income mandates.

    Bonnie is a member of the Firm’s US Broad Strategy Committee, which formulates domestic investment themes and strategies. She also Chairs the Firm’s ESG Strategic Steering Committee, which advances and monitors the Firm’s global ESG platform and initiatives, and represents the Investment Management Team on the Global Product Development Committee.

    Prior to her ESG leadership role, Bonnie was a Portfolio Manager on the MBS/ABS Team, where she managed the Firm’s dedicated mortgage funds and was responsible for mortgage allocations across the Firm’s multi-sector portfolios. She brings to her role broad experience across the financial services industry, having previously worked at Mercer Management Consulting in strategy con-sulting, at Orion Partners in private equity, and at Donaldson, Lufkin & Jenrette Securities in investment banking.

    Bonnie graduated Phi Beta Kappa and magna cum laude with a Bachelor of Arts in Economics from Harvard College, where she received the Detur Prize and was awarded the John Harvard Scholarship for academic distinction. She subsequently received a law degree, cum laude, from Harvard Law School, and is a member (inactive) of the Massachusetts State Bar. Bonnie is also a CFA® charterholder, and serves on the Board of Trustees of Crestview Preparatory School

Other Sessions

Under the overall theme “The Way Forward: Navigating the COVID challenge”, the program will focus on different aspects, ranging from framing the coronavirus challenge to key lessons for recovery strategies to measuring the actual progress towards a better future these strategies deliver. Each of the three academic sessions, will be followed by an investor panel.

Key Lessons for Recovery Strategies

Academic session, 10 March: Key lessons from COVID for recovery strategies

Investor session, 23 March: Sustainable Investment strategies in a post-Covid landscape

find out more

Framing the CoVid Challenge

Academic session, 27 January: Insights from scenario planning and from earlier pandemics

Investor session, 9 February: Investing in the ‘new normal’

find out more