Monthly Archives: November 2018

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    The trouble in judging a country’s financial health by the size of its debt

The trouble in judging a country’s financial health by the size of its debt

In the second quarter of 2018 global debt reached a new peak, climbing to 260 trillion dollars ($260,000 billion). At the same time, the global debt to GDP ratio crossed the 320 per cent threshold for the first time. Of that total, 61 per cent (160 trillion) is private debt of the non-financial sector, while only 23 per cent […]

November 30th, 2018|Finance|0 Comments|
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    The economic consequences of the Brexit deal: the case of trade

The economic consequences of the Brexit deal: the case of trade

The UK and EU have reached a Brexit deal. But what will the withdrawal agreement mean for the UK economy? To address this question we have analysed how the withdrawal deal and a no-deal scenario would affect income per capita in the UK, relative to the baseline of staying in the EU, through changes in trade costs.

Scenario 1: The […]

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    The tale of two Davids (Cameron and Beckham) and our social mobility problem

The tale of two Davids (Cameron and Beckham) and our social mobility problem

One David was born in a terraced house in East London, his father a kitchen fitter, his mother a hairdresser. The other David grew up in an idyllic village in the English countryside, his father a stockbroker, his mother the daughter of a baronet. The first David left school at 16 without any qualifications; the second studied at Eton […]

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    Why new tariff codes are necessary to improve trade and combat climate change

Why new tariff codes are necessary to improve trade and combat climate change

A key issue in the fight against climate change and for environmental protection is how to facilitate market access to environmental products (agricultural and non-agricultural ones). The world trading system has an alternative mechanism that can be very useful in that respect: the Harmonysed System (HS), which establishes common classification for goods, facilitating the negotiation process. The creation of new tariff codes for environmental products under HS […]

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    Diversity networks in organisations: are they really (net)working for equality?

Diversity networks in organisations: are they really (net)working for equality?

In recent years, the use of diversity networks in organisations has increased tremendously. Diversity networks, also referred to as ‘employee resource groups’ or ‘affinity networks’, are initiated to inform, support and advance employees with similar social identities. In many organisations, diversity networks are part of a larger diversity management agenda and an increasingly popular practice to promote equality, diversity […]

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    Europe and Northern Ireland’s Future: Negotiating Brexit’s Unique Case – Book Review

Europe and Northern Ireland’s Future: Negotiating Brexit’s Unique Case – Book Review

Europe and Northern Ireland’s Future: Negotiating Brexit’s Unique Case. Mary C. Murphy. Agenda Publishing. 2018.

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During the summer, I attended the Féile an Phobail (Festival of the People) in West Belfast, where Michelle O’Neill (Vice President of Sinn Féin and leader in the North of Ireland/Northern Ireland) was on a panel talking about ‘Women in the Good […]

November 25th, 2018|Book Review|0 Comments|
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    The EU talks big on protecting the Arctic under the guise of ‘sustainable development’

The EU talks big on protecting the Arctic under the guise of ‘sustainable development’

Half a millennium ago, the myth of a lost city of gold drove scores of Europeans to the Americas in search of wealth. Today, images of a new ‘El Dorado’ with fathomless (energy) resources are attracting players from all over the world to a very different place: the Arctic. Driven by the prospect of economic, primarily energy-related opportunities, a […]

November 24th, 2018|Environment|1 Comment|
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    Brexit is a major and growing source of uncertainty for firms

Brexit is a major and growing source of uncertainty for firms

The majority of businesses in the UK report that Brexit is a source of uncertainty. This column uses survey responses from around 3,000 businesses to evaluate the level and impact of this uncertainty. It finds that Brexit uncertainty has already reduced growth in investment by 6 percentage points and employment by 1.5 percentage points, and is likely to reduce future UK […]

November 23rd, 2018|Economics|0 Comments|
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    As ‘techno-politics’ holds sway, is a water commons possible in China?

As ‘techno-politics’ holds sway, is a water commons possible in China?

So far the debate about China’s current environmental issues has given little consideration to already existing popular alternatives to the top-down, growth-compatible governance of the country’s endangered natural resources. Forty years of Party-sanctified insistence on pursuing relentless economic development has seemingly muffled the few dissenting voices and suppressed alternative discourses in natural resource management — such as those concerned with stewardship, care, maintenance, […]

Universities and industrial strategy in the UK

The UK has a world-leading university sector and this has a key role to play in moving the country onto an inclusive and sustainable growth path. Universities can make important contributions across the five foundations that underpin the government’s industrial strategy:

Universities support the productivity and prospects for ‘people’ through the education of students and the nurturing of researchers.
[…]

China’s challenge to international tax rules

States are currently struggling to reach global agreement on the taxation of digital firms such as Apple and Google, suggesting that an international regime characterised by impressive coherence over a century may be beginning to fragment. While work on the politics of the international tax regime is still largely preoccupied with the US, a ‘great power’, this fragmentation largely […]

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    The digitisation of recorded music: studying the ‘long tail’ effect

The digitisation of recorded music: studying the ‘long tail’ effect

Digitisation, in the form of online retailing, has long been understood to deliver welfare benefit to consumers. Greater consumer access to content has led to an important work on the “long-tail” phenomenon: while the choice set faced by consumer was limited to the shelf-space available in brick-and-mortar stores before the advent of the Internet, consumers can now access and […]

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    99 Theses on the Revaluation of Value: A Postcapitalist Manifesto – Book Review

99 Theses on the Revaluation of Value: A Postcapitalist Manifesto – Book Review

99 Theses on the Revaluation of Value: A Postcapitalist Manifesto. Brian Massumi. University of Minnesota Press. 2018.

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Weighing in at just 135 pages, Brian Massumi’s manifesto, 99 Theses on the Revaluation of Value: A Postcapitalist Manifesto, is a slender volume. This is no ‘little book of postcapitalism’, however; to measure its value merely quantitatively via its length would […]

November 18th, 2018|Book Review|0 Comments|
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    Post-Brexit transfers of personal data: the clock is ticking

Post-Brexit transfers of personal data: the clock is ticking

The UK economy is closely integrated with that of the rest of the EU. One need only consider the number of UK firms with branches in the EU27, and the number of EU27 firms with branches in the UK, to realise that data interchange is of vital economic importance.

Assuming that the UK indeed leaves the EU as a result […]

Can we really get a ‘better’ deal?

Publication of the 585-page Brexit-deal document was immediately followed by swift criticism of Mrs May’s negotiating ‘outcome’ and a series of cabinet resignations. When academics examine a PhD student, they are sent a thesis with 200+ pages and are then asked to examine the candidate no less than a week later. How on earth everybody read the Brexit document in […]

November 16th, 2018|Economics|1 Comment|
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    Not everyone understands a key part of new EU financial regulation

Not everyone understands a key part of new EU financial regulation

In the past few years there has been a cavalcade of regulations imposed on European capital markets. While most of these changes are observable only to practitioners, some of them have had immediate visible effects for retail investors. One such rule is the necessity for a ‘key investor document’ (KID) for certain investment products.

A principle aim of global regulators […]

November 16th, 2018|Finance, LSE alumni|0 Comments|
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    Developing an effective local industrial strategy for the UK

Developing an effective local industrial strategy for the UK

The UK’s poor productivity performance has been the source of much debate and policy focus over the last few years. Without an increase in productivity, we won’t see rising wages or higher standards of living. Against a backdrop of continued wage stagnation and huge variations in productivity across the country, the government has invited local leaders up and down […]

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    Data analytics, inclusion, sustainability: new roles multiply in organisations

Data analytics, inclusion, sustainability: new roles multiply in organisations

New roles are multiplying in organisations. Look around your own organisation and you can probably spot some of these new roles: Is there a data analytics manager? An inclusion manager? A sustainability manager? Organisations often struggle with how to best support new roles. New roles do not come with a blueprint, nor can they be copied from other organisations. […]

November 14th, 2018|Management|0 Comments|
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    Growth, import dependence and war: the risks of Chinese vulnerability

Growth, import dependence and war: the risks of Chinese vulnerability

World trade has increased tremendously in recent decades, driven by the rise of China and other emerging economies. The reliance of world trade on choke points (such as the Strait of Hormuz, the Malacca Strait and the South China Sea) creates the need for someone to guarantee the freedom of navigation. Traditionally, this role has been upheld by the […]

Good corporate governance requires diversity

A hallmark of our era of disruption, populism and apparent de-globalisation is the erosion of trust in organisations and institutional systems. Trust is gained through better governance, which in turn is built on transparency, accountability and openness to diversity.

It is no coincidence that both Singapore and the UK issued new codes of corporate governance this year. Reinforcing systems of […]