Monthly Archives: April 2017

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    Finally, some good economic news from the Eurozone – but will it last?

Finally, some good economic news from the Eurozone – but will it last?

Finally, good news from the Eurozone. Unemployment rates fell to 9.5% in February 2017. According to Eurostat, this is the lowest rate since May 2009. The 19 countries that have adopted the common currency are thus returning back to the unemployment level they experienced before the outbreak of the Eurozone crisis. In the last 12 months, the Eurozone recovery has lifted […]

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    The effects of good looks on professional success: It’s complicated

The effects of good looks on professional success: It’s complicated

Beauty can be consoling, disturbing, sacred, and profane; it can be exhilarating, appealing, inspiring, and chilling. It can affect us in an unlimited variety of ways. Yet it is never viewed with indifference: beauty demands to be noticed; it speaks to us directly like the voice of an intimate friend. If there are people who are indifferent to beauty, […]

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    Home ownership is falling faster for young people whose parents didn’t own a house

Home ownership is falling faster for young people whose parents didn’t own a house

It is well known that home ownership rates have been falling rapidly among young people. Linking own home ownership with parental home ownership, our new paper demonstrates that the sharpest falls occurred for those who grew up in families where their parents did not own their homes. Given the link between home ownership and wealth, the findings indicate growing […]

Future of work: making a living from cutting our own hair?

There is currently much debate on the future of paid employment in light of technological advancements within a range of areas, such as speech recognition, robotics, artificial intelligence, etc. Evocative imagery is presented ranging from a rather prosaic future of self-driving cars and lorries to the digital immortality of bodiless beings. I wish here to emphasise more immediate and […]

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    Uncivil behaviour in the workplace causes mental fatigue and is contagious

Uncivil behaviour in the workplace causes mental fatigue and is contagious

It is a common maxim that you should treat others the way you personally would want to be treated. This sentiment spills into the work environment when interacting with colleagues, in that we often are encouraged to treat others at work with respect and dignity. Sometimes, this notion is conveyed directly to employees during training programs, on company retreats, […]

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    Future of Work: taking the blinkers off to see new possibilities

Future of Work: taking the blinkers off to see new possibilities

Anybody relying for their information on the current headlines would find it hard to make sense of what is happening in the labour market. On the one hand, the news media are awash with apocalyptic forecasts, often backed up by studies from reputable organisations such as the US National Bureau of Economic Research , the Oxford Martin School or […]

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    How multi-agency teams made decisions in a simulated terror attack

How multi-agency teams made decisions in a simulated terror attack

Paris, Brussels, Nice, Berlin, London and Stockholm. If I’d listed these six cities to you a little over 18 months ago, you might wonder if I was considering a weekend away to explore the rich culture, history and tourism that these great European cities have to offer. Today they are synonymously linked as the six cities that were victim to […]

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    Breaking the WTO: How Emerging Powers Disrupted the Neoliberal Project – Book Review

Breaking the WTO: How Emerging Powers Disrupted the Neoliberal Project – Book Review

Breaking the WTO: How Emerging Powers Disrupted the Neoliberal Project. Kristen Hopewell. Stanford University Press. 2016.

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The world is undergoing changes resulting from a power shift. In her new book, Breaking the WTO: How Emerging Powers Disrupted the Neoliberal Project, Kristen Hopewell evaluates the impact of this on global economic governance, with a focus on the World Trade […]

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    Disrupting the digital giants – advertisers and traditional media push back

Disrupting the digital giants – advertisers and traditional media push back

The downside of digital giants like Facebook and Google includes the increase in fake news, political polarisation, the dumbing down of debate and the long-term decline in print journalism as newspapers lose readers and advertising to these platforms. But a combination of problems with digital advertising – fraud, mismeasurement, and programmatic ad placement on undesirable sites – means that […]

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    Modern technology makes services exports a new path to prosperity

Modern technology makes services exports a new path to prosperity

Services, which already account for 50 per cent of world income and 70 per cent of employment, are also becoming an important part of international trade. Services exports — accounting for nearly one fourth of total exports — have come to play a central role in the global economy, thanks in large part to advances in technology.

Rapidly declining telecommunication […]

Sleep deprivation, even when moderate, hurts employment

Lack of sleep is responsible for human fatigue, and can undermine economic performance. Paradoxically, the extent to which sleep time is a productive activity, or not, has received very limited attention in economics research so far. Sleep is often overlooked in economic models despite its obvious restorative effects on human health alongside its influence on brain plasticity and feelings […]

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    Endless online distraction is hurting leaders’ ability to make decisions

Endless online distraction is hurting leaders’ ability to make decisions

Complexity has become our enemy. Complexity coupled with the ridiculous levels of distraction that now exist make us exhausted and feel that we are not on top of our game. Often that is true: we make things too complicated and the vast amount of noise that surrounds us confuses things.

The onslaught of social media in its many forms means […]

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    Holding Brexiteers to account by looking at economic history

Holding Brexiteers to account by looking at economic history

The House of Commons has voted overwhelmingly to trigger Article 50, on the explicit basis that this process will be irrevocable and that, at the end of the negotiations, Parliament will have a choice between a hard Brexit (leaving the Single Market and the EEA) and an ultra-hard Brexit (WTO terms, if available).

It follows that arguments about whether the […]

Harmonising accounting standards across the globe

Over a decade has passed since the European Union (EU) mandated a uniform set of accounting standards, i.e. International Financial Reporting Standards (IFRS), for all companies listed on the major European stock exchanges in 2005. Since then, over 100 countries are currently requiring their listed firms to prepare financial reports either under IFRS or under a closely linked accounting […]

How (not) to turn good soldiers into bad apples

Citizenship or prosocial behaviours at work are important. These behaviours are not formally rewarded by financial incentives and yet serve critical functions. A workplace with high levels of citizenship and prosocial behaviours leads employees to be more productive, engaged, satisfied, experience less stress, and reduce turnover. As a result, many managers and organisations tend to encourage their employees to be more prosocial and engage in more citizenship […]

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    Heavy industries may become the next frontier for the platform revolution

Heavy industries may become the next frontier for the platform revolution

Several sectors have already been disrupted by platforms: think of telecommunications, media and entertainment and more recently hospitality and mobility. From Uber to Airbnb, platforms appear the business model revolution of choice for the B2C and service industries.

Little wonder perhaps that if you talk to executives in B2B companies in heavy industries they tend to think that platform business […]

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    Anna Valero: ‘Automation has taken away mid-level skills jobs’

Anna Valero: ‘Automation has taken away mid-level skills jobs’

As a Research Director of LSE’s Growth Commission, Anna Valero spent part of the post-Brexit vote months studying the gaps between public policy and the new economic reality in the UK.  In an interview with LSE Business Review’s managing editor, Helena Vieira, she discusses what the UK could do to stimulate economic growth and fight inequality. The skills gap is one of […]

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    Explaining how mindfulness consistently brings positive workplace outcomes

Explaining how mindfulness consistently brings positive workplace outcomes

Mindfulness training has become a hot management trend, as leading organisations like Aetna and British Parliament increasingly offer mindfulness programs for employees. This growth is fuelled by research supporting the benefits of mindfulness for workplace functioning, from focus and burnout to job performance and leadership. Yet this interest has glossed over the almost-comical reality of applying contemplative practices like […]

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    Why the UK Voted for Brexit: David Cameron’s Great Miscalculation – Book Review

Why the UK Voted for Brexit: David Cameron’s Great Miscalculation – Book Review

Why the UK Voted for Brexit: David Cameron’s Great Miscalculation. Andrew Glencross. Palgrave Pivot. 2016.

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The UK vote to leave the European Union in the 23 June 2016 referendum was one of the most consequentially significant political events of recent decades. An array of writings reflecting on the possible causes of the referendum’s outcome have appeared since the […]

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    Brexiteers’ hope for an export-led economy risks proving naïve

Brexiteers’ hope for an export-led economy risks proving naïve

Theresa May has sent the Article 50 notification to the EU, setting out seven principles (presumably in a hierarchical order of importance), with the second being the protection of the working rights of EU citizens here and UK citizens in Europe. This confirms what Michel Barnier (the EU negotiator) considered as a major priority. This should be good news: both sides agree on the […]