Monthly Archives: April 2018

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    Blockchain can help mitigate investment risk for the pharmaceutical industry

Blockchain can help mitigate investment risk for the pharmaceutical industry

Have you ever paid attention to the time, effort and business risk it takes to invest in new drug research and getting that drug into to the market?

It takes two to five years to come up with a new drug concept – and even longer to transform it into a lead drug candidate. It takes another two years to […]

The future of innovation: democratising influence

There is a lot of talk about the future of work with developments such as AI, telecommuting, and the gig economy making headlines. Techno-utopianists fantasize about a future where manual labour is obsolete; economic innovators dream of the transformative nature of a basic minimum wage; and, entrepreneurs promote new workplace models. Such changes propel us into a future with […]

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    Post-Truth: Why We Have Reached Peak Bullshit and What We Can Do About It – Book Review

Post-Truth: Why We Have Reached Peak Bullshit and What We Can Do About It – Book Review

If you are interested in this book, you may like to listen to a podcast of Evan Davis’s lecture, ‘Post-Truth: How We Have Reached Peak Bullshit and What We Can Do About It’, recorded at LSE on 18 October 2017. 

Post-Truth: Why We Have Reached Peak Bullshit and What We Can Do About It. Evan Davis. Little, Brown. 2017.

Find this book: 

Over […]

April 29th, 2018|Book Review|0 Comments|

Galileo satellites illuminate EU-UK divorce tensions

One of the first tangible effects of leaving the European Union is that Britain will need a new, bi-lateral treaty on satellite navigation systems as well as a security treaty with the European Union,  in order to retain its place in the prestigious Galileo satellite programme after March 2019. Even then, Britain may end up with only observer status, […]

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    Teen girls and the earliest gender inequalities in the labour market

Teen girls and the earliest gender inequalities in the labour market

The pay gap between men and women is a longstanding problem in both American workplaces and women’s lives, and a new experiment reveals why a commonly proposed solution may not actually help. There have been a number of explanations given for the gender wage gap, but in recent years, one of the dominant explanations is that the wage gap […]

April 27th, 2018|Gender|0 Comments|
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    Disruptive trade technologies will usher in the ‘internet of rules’

Disruptive trade technologies will usher in the ‘internet of rules’

Businesses, especially micro, small and medium-sized enterprises (MSMEs), face many challenges in understanding and complying with international commercial rules and regulations. Research also indicates low utilisation of eligible tariff preferences, or favourable tax rules, by traders. In other words, many businesses do not always effectively benefit from their negotiated market advantages. Unfortunately, the current “version history” (or stage in the […]

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    Mismanaged souls: why does employee engagement remain stubbornly low?

Mismanaged souls: why does employee engagement remain stubbornly low?

You would have to have been in solitary confinement in a particularly remote location during recent years not to be aware of the tidal-wave of interest there has been in employee engagement. High levels of engagement have been associated with a host of important benefits to both employers in terms of raised performance and productivity, and for employees in […]

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    Gaza’s endemic economic misery lies behind the confrontation

Gaza’s endemic economic misery lies behind the confrontation

On Feb. 4, the Israeli Defense Forces’ chief of staff, Lt. Gen. Gadi Eisenkot, issued a stark warning to his country’s government: Israel could soon face another conflict in Gaza with the Islamic fundamentalist group Hamas because of deteriorating economic and humanitarian conditions in the territory. Eisenkot said Gaza’s Palestinian residents suffered from chronic shortages of the most basic […]

Digital China is coming to Europe

Often unnoticed by business leaders in Europe, Chinese technology companies are on the move. Hardly a week goes by without news that Alibaba has acquired a company in Southeast Asia, Tencent has invested in an Israeli startup or that Baidu is entering a new industry. Western onlookers may think that this is unlikely to have a direct impact on […]

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    Economists, unlike scientists, do a poor job of communicating via Twitter

Economists, unlike scientists, do a poor job of communicating via Twitter

It has become increasingly common for academics to use social media to communicate with wider audiences. Twitter, like many other social platforms, typically measures success in terms of numbers of followers, likes and re-tweets, but this only tells us something about the spreading of messages but not necessarily whether the content of the messages is understood or embraced. One […]

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    The EU’s data protection regulation will be a wake up call for companies’ cyber security

The EU’s data protection regulation will be a wake up call for companies’ cyber security

As businesses, we’re more vulnerable than ever. Whether you’re a private or public sector organisation, there is now an even chance that in any 12-month period, you’ll experience at least one cyber incident. Which means for those who haven’t had a potential threat on their radar to date, what you’re experiencing is merely the luck of an extremely narrow […]

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    Rules Without Rights: Land, Labor and Private Authority in the Global Economy – Book Review

Rules Without Rights: Land, Labor and Private Authority in the Global Economy – Book Review

Rules Without Rights: Land, Labor and Private Authority in the Global Economy. Tim Bartley. Oxford University Press. 2018.

Find this book: 

Campaigners have long pushed for legally binding, transnational rules to prevent human rights violations and environmental damage in global supply chains. But they have struggled in vain. While trade agreements increasingly incorporate labour standards, they are rarely enforced. Even […]

Populism and the broken engine of the Italian economy

Italy is an anomalous case. It posted the lowest growth rates among the developed countries for about a quarter of a century. This anomaly can help to understand why the anti-establishment forces, which have also reaped successes almost everywhere in the Western world, gained a majority in the latest Italian elections. It also helps to understand the economic policy […]

How to approach innovation

Here’s the big issue – most organisations/teams/individuals only embark on innovation if they can travel in ways that reinforce existing routines. We seek new results through habitual methods. I call this conundrum the difference between ‘action’ – busily launching lots of innovation initiatives yet not fundamentally shifting underlying mindsets and ways of operating, and ‘movement’ – rewiring the very […]

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    The paradox of wanting privacy but behaving as if it didn’t matter

The paradox of wanting privacy but behaving as if it didn’t matter

The increasingly sophisticated and ubiquitous technologies centred on collecting and using consumer data are keeping the public discussion over privacy at centre stage. An important point of contention in that the debate focuses on the sometimes surprising nature of individuals’ privacy choices, and their relationship to the so-called “privacy paradox.” The term refers to apparent inconsistencies between people’s stated […]

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    The tale of two Germanies highlights how childcare provision benefits women

The tale of two Germanies highlights how childcare provision benefits women

Gender inequality in firms is an issue which has concerned both economists and policymakers. In spite of significant improvements in women’s career prospects, the gender pay gap still persists. One crucial component as to why women on average earn lower wages than men is parenthood. I provide evidence of the positive impact of child care policies on women’s careers and […]

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    The labour share of the national income: the role of capital in its many forms

The labour share of the national income: the role of capital in its many forms

The labour share, the proportion of the national income paid to workers, has been falling globally since the 1980s, as illustrated in figure 1. This implies that the benefits of growth are not shared equally between workers and capital owners. This is a particularly worrying phenomenon in the presence of increasing wage inequalities, as it implies that the average […]

How the Middle East oil pricing system emerged in the 1940s

How did the Middle East become both a new geographical base-point for petroleum transactions and the hub of the global pricing system?

Several giant Middle East oilfields were discovered between 1943 and 1947. Before that, the United States and the Gulf of Mexico region produced the bulk of the oil consumed in the world. Maintaining a global price equilibrium was essential for […]

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    The work–life conflicts of globally distributed software developers

The work–life conflicts of globally distributed software developers

Consider the words of a senior manager in a global IT company:

“I think our company historically has rewarded people who are very technically competent …Those people aren’t always the best people-managers….We need people who are leaders, who … set realistic priorities and understand you are going to be most effective as an employee when you achieve a good WLB [work-life […]

Why Russia is economically weak and politically strong

A few days ago I saw a surprising statistic: the GDP of Russia is of the same order of magnitude as the combined GDP of Belgium and the Netherlands. In 2017 Russian GDP was 1 469 billion dollars (according to the International Monetary Fund). Belgium had a GDP of 491 billion dollars and the Netherlands 824 billion dollars; together $ […]