Monthly Archives: November 2018

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 […]

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    Accounting for Capitalism: The World the Clerk Made – Book Review

Accounting for Capitalism: The World the Clerk Made – Book Review

Accounting for Capitalism: The World the Clerk Made. Michael Zakim. University of Chicago Press. 2018.

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Unlike his father, he possessed an uncommon amount of wit, optimism and ambition. After joining a crew to guide a boat down the Mississippi River to trade its onboard shipment at the Port of New Orleans, a young Abraham Lincoln (1809-65) returned to […]

November 11th, 2018|Book Review|0 Comments|

The complex task of improving media literacy

Last time I wrote about media literacy, I was glad to observe that, as the media increasingly mediate everything in society, there is growing emphasis on the importance of ensuring that people have the media literacy not only to engage with the media but to engage with society through the media. But I was also frustrated at some of the superficial hand-waving from policy makers […]

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    When companies have ties to politicians or military officials

When companies have ties to politicians or military officials

Entrepreneurs want to reduce uncertainty and shape environments to their advantage. To do so, they sometimes collaborate with government leaders to gain valuable information, resources, and favourable legislation.

Most prior research on this practice has treated government partners as monolithic entities, or focused only on elected officials who grant resources through policy efforts or contracts. But we were interested in […]

November 9th, 2018|Management|0 Comments|

Backlash against gender equality is arising in new forms

Backlash is a negative, hostile or aggressive reaction to a political idea. The term has been applied to civil and race rights. Recently however, it has been prominent in politics, business and the media, as an opposing stance to initiatives designed to advance women’s rights and social status.

History makes it clear that when gains for women are made, conservative […]

November 8th, 2018|Gender|1 Comment|

How to build a winning data culture

It’s common knowledge that data can separate the winners from the losers in business. According to McKinsey, companies that treat their data as a corporate asset grow revenues five times faster on average than companies that don’t. But it’s one thing to want to be a data-first business and quite another to actually build a robust and sustainable data […]

When globalisation gets local: winners and losers

A complex flow of investment is spreading across the globe, connecting more and more places. These flows bundle together streams of capital, skills and knowledge, the key factors in determining the development and wealth of places. As a result, it is now impossible to understand economic opportunities, innovation and development without one central concept: CONNECTIVITY.

However, investment flows are highly […]

The paradox of communist entrepreneurs in China

The Chinese economy has grown phenomenally over the past 40 years since it was opened to the outside world. In recent decades, the private sector in particular has been the engine of this growth, contributing to more than 60 per cent of China’s GDP (US$12,237.7 billion), extensive fixed-asset and outbound investment, 80 per cent of jobs, and 70 per […]

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    Friend or foe: five questions outlining the future of artificial intelligence

Friend or foe: five questions outlining the future of artificial intelligence

Is artificial intelligence going to usher in a golden age of humanity by solving our most intractable problems and creating vast amounts of wealth? Or is it the ultimate menace, a threat to our jobs and, ominously, our very survival as a species? It depends on whom you ask… and what they happen to believe about technology and humanity.

Few, […]

Nihilism and Technology – Book Review

Nihilism and Technology. Nolen Gertz. Rowman and Littlefield. 2018.

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In this short but hugely engaging book, Nolen Gertz, assistant professor of Applied Philosophy at the University of Twente, manages to both provide a compelling and rich introduction to Friedrich Nietzsche and nihilism as well as avoid the all-too-common reductionism of popular discourse around technology. Rather than boil […]

November 4th, 2018|Book Review|0 Comments|
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    Rethinking the concept of freedom in contemporary capitalism

Rethinking the concept of freedom in contemporary capitalism

In a forthcoming book, Branko Milanović identifies four ‘troublesome features’ in ‘meritocratic liberal capitalism’.* These are the rising share of capital income in total income, which undermines meritocracy; the very high concentration of capital income, which runs counter to the objective of a ‘property-owning’ democracy; the rising association of high capital and labour incomes in the same people or families, […]