Monthly Archives: December 2015

The UK in 2016: ten forward-looking posts

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We need to address the role private debt and real estate play in our economies

Without radical reform we will be vulnerable to future crises and stuck in slow growth for many years, writes Adair Turner

 

 

How can the UK improve its lagging productivity — and still build the workforce?

On video: Vince Cable, Diane Coyle, Bronwyn Curtis and Anna Leach, with […]

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    Under-represented, underpaid, and over-exploited: economic policy remains sexist

Under-represented, underpaid, and over-exploited: economic policy remains sexist

Despite nearly 50 years of policy effort, the UK is still a long way from eradicating gender inequality. There has been progress on many fronts, but women are still far from prominent in political life; they are trivialised in the media; under-represented, underpaid and over-exploited in the labour market; and at risk of violence in the home.

Furthermore, there is […]

We may have underestimated the true cost of quitting the EU

As if terrorism, refugees, Schengen, debt, and Greece were not sufficiently big worries in each of themselves, the EU now has also to face the “English Question”. A referendum on Britain’s EU membership will take place before the end of 2017 (Copsey and Naughton 2014). In or out, remain or leave, the relationship between the UK and the EU […]

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    The European Union Illuminated: Its Nature, Importance and Future – Book Review

The European Union Illuminated: Its Nature, Importance and Future – Book Review

The European Union Illuminated: Its Nature, Importance and Future. Ali M. El-Agraa. Palgrave MacMillan. 2015.

The European Union Illuminated: Its Nature, Importance and Future is a book for the curious reader. In his new book, Ali M. El-Agraa, Professor of International Economics, uses his extensive expertise in international economic integration to discuss the past, present and future of the European […]

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    The Fed’s rate rise may not provide enough of a boost to the financial sector

The Fed’s rate rise may not provide enough of a boost to the financial sector

After almost a decade of uncharted territory in modern monetary policy, including measures such as the zero-lower-bound (ZLB) of the nominal interest rate, three waves of quantitative easing and an ‘operation twist’, the Fed’s chairwoman Janet L. Yellen finally announced last week that the Federal Reserve will proceed with a rise of 0.25 percent in the US benchmark rate, […]

December 26th, 2015|Economics, Eddie Gerba|0 Comments|
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    The environment and climate change: 10 posts to help you take a stance

The environment and climate change: 10 posts to help you take a stance

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An environmental disaster in Brazil raises highly problematic risk and regulation issues

In this regulatory regime, parent companies are seen as responsible and the federal regulator as weak, writes Martin Lodge

 
Business involvement in climate negotiations has come a long way

But businesses are not yet playing a leading role in the new area of climate cooperation, writes Robert Falkner

 

 

Refining the climate […]

Ten thought-provoking posts on leadership

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Altruistic CEOs can be as risky as greedy ones 

The most successful leaders exhibit moderate self-interest, argue Katalin Takacs-Haynes, Matthew Josefy and Michael A. Hitt

 

 

 

Leadership in three words: leaders change things

Change, however, is never easy, writes Stuart Crainer. He looks at the dynamics behind successful change actions

 

 

 

When managing risk, overconfident managers don’t always follow the fundamentals

They tend to make hedging […]

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    Currency depreciation and diverging inflation rates block the road to monetary union in Africa

Currency depreciation and diverging inflation rates block the road to monetary union in Africa

The chase for regional monetary unions seems to be part of Africa’s 21st century holy grail:

In November 2013, Heads of State of the East African Community (EAC) signed the region’s monetary union protocol in accordance with Article 5 of the EAC Treaty of Establishment.
The Southern African Development Community Protocol on Trade (1996) envisions a Monetary Union as one of […]

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    An environmental disaster in Brazil raises highly problematic risk and regulation issues

An environmental disaster in Brazil raises highly problematic risk and regulation issues

The bursting of the dam in Mariana in the Brazilian state of Minas Gerais on 5 November 2015 has generated considerable headlines. The dam containing the tailings of the Fundão iron-ore mine caused at least 16 fatalities, displaced hundreds, disrupted water supplies and caused considerable environmental and ecological damage. It also had potential devastating economic and social impacts on […]

Postcapitalism: A Guide to Our Future – Book Review

You may also like to listen to a podcast of Paul Mason’s lecture at LSE, held on 18 November 2015. 

Postcapitalism: A Guide to Our Future. Paul Mason. Allen Lane. 2015.

The cyclical motion of neoliberal boom and bust is, according to Paul Mason’s most recent book, stalling. The expansion of non-market forces and the proliferation of an ‘information economy’ herald […]

The EU and the Commonwealth: let’s do (trade with) both

The UK has a finger in many pies: the EU, NATO, the United Nations Security Council and the Commonwealth, to name just a few. Of these, the Commonwealth – which has just finished its latest summit meeting – obviously has the closest specific link to British culture and history, since it’s mainly comprised of our former colonies. (A few Commonwealth […]

Altruistic CEOs can be as risky as greedy ones

The Securities and Exchange Commission recently adopted a requirement for U.S. companies to disclose the disparity between CEO and worker pay. This outcome reflects present tensions between the desire to reward performance while also seeking to establish what is an equitable division of the wealth generated by today’s behemoth corporations. The latest requirement is arguably an outcome that has resulted […]

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    Exporters attract more competitive female workers, but pay them less than their male counterparts

Exporters attract more competitive female workers, but pay them less than their male counterparts

The link between globalisation and income inequality has received a lot of attention in economic research as well as in the popular press. However, the discussion has almost completely ignored one important dimension of inequality, namely the gender wage gap. At the same time, the debate about why the gender wage gap persists continues at full strength. We argue […]

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    Investment in life sciences leads the growth of the UK start-up market

Investment in life sciences leads the growth of the UK start-up market

As large investors in the UK become more willing to inject capital in less liquid assets, the investment in the UK’s fast-growth company sector has been growing at increasing speed. It has now become obsolete to talk about recovery – we should now be talking about growth in unqualified terms.

In our study of the UK equity investment market, we […]

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    Some firms actively use CSR to improve their image in the public media

Some firms actively use CSR to improve their image in the public media

The business press is an important information intermediary in capital markets. For example, prior research shows that more favorable media coverage can reduce a firm’s cost of capital. This raises the question whether firms can influence their media image. In a recent study, we examine whether firms that act more socially responsible receive more favorable media coverage.

Our study consists […]

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    Medium-sized firms worry a possible EU exit would hamper their ability to find skilled workers

Medium-sized firms worry a possible EU exit would hamper their ability to find skilled workers

Over the past six months we have seen a number of groups officially launch their campaigns either for or against Britain leaving the European Union. However, in what some may deem a rather unusual turn of events, the UK’s mass media has been largely (although admittedly not entirely) unbiased when it comes to reporting the opinions of both sides.

This […]

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    African data can bring fresh insights to management and social entrepreneurship studies

African data can bring fresh insights to management and social entrepreneurship studies

In recent times social entrepreneurship has proliferated globally, yet research into the phenomenon still lags behind its practice, particularly in the developing world, and especially in Sub-Saharan Africa. In this blog post, we discuss what we know, what we don’t, and what we can learn from studying social entrepreneurship in Sub-Saharan Africa. Our research: a) highlights the important role […]

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    Measuring Happiness: the Economics of Wellbeing – Book Review

Measuring Happiness: the Economics of Wellbeing – Book Review

Measuring Happiness: the Economics of Wellbeing. Joachim Weimann, Andreas Knabe and Ronnie Schöb. MIT Press. February 2015.

In Measuring Happiness, three German economists – Joachim Weimann, Andreas Knabe and Ronnie Schob – tackle hard questions about happiness armed with the latest academic evidence. They focus on what large, national surveys say about what makes us happy, and they critically engage with classic […]

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    To avoid systemic corruption, entrepreneurs in some countries choose to stay small

To avoid systemic corruption, entrepreneurs in some countries choose to stay small

In many transition and post-conflict environments, the nature of corruption is systemic and permeates many spheres of everyday life. It ranges from petty bureaucratic corruption to more organised corruption in the upper echelons of big business and politics, and undermines productivity and governance. For entrepreneurs trying to establish themselves across the Balkans, corruption has become an aspect of their […]

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    Discrimination leads some minority professionals to become entrepreneurs

Discrimination leads some minority professionals to become entrepreneurs

When Bimpe Nkontchou, a successful Nigerian lawyer, moved to the UK she came to a disturbing realisation: “I soon realized that the opportunities in the legal services sector in the UK for an ethnic minority female were severely restricted and that my career would stagnate even if I was able to find a job in a prestigious English law firm.”

Her […]