LSE alumni

The growing inequality between firms

Some firms pay well while others don’t; and some are highly productive while many aren’t. Our latest research report analyses firm-level data on the increasing dispersion of wages and productivity in both the manufacturing and services sectors in 16 OECD countries: Australia, Austria, Belgium, Canada, Chile, Denmark, Finland, France, Hungary, Italy, Japan, Luxembourg, the Netherlands, Norway, New Zealand and […]

Seven signs of over-hyped Fintech

In 2015 Dan Davies wrote an excellent guide to Fintech business models (the “Fin”) that provided a very effective tool for looking beyond the hype. The other side of Fintech that the non-technologist (and even many experienced IT professionals) have trouble with is the actual “Tech”.  A great many people in finance have now reached the point where they […]

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    ‘WealthTech’: The challenges facing the wealth management industry

‘WealthTech’: The challenges facing the wealth management industry

Technology is changing society more than ever before. The way we shop, socialise and communicate have all changed radically over our lifetimes. The financial services industry is in many ways behind the curve, with many product lines unchanged in decades. We are likely to enter an online and digital age and many firms are yet to adapt to the […]

Performance needs purpose

We’ve all met the eye-rollers. The leaders who say ‘business-is-business’ and ‘people work to get paid’. The ones who leave ‘pastoral care’ to the HR team down the hallway. Because there’s work to do and money to be made…

When it comes to engagement and motivation, they’ve got a frustratingly clear view: they’re firmly in the driver’s seat with performance-related […]

Cindy Cohn: ‘They have our lives in their hands’

The US non-profit Electronic Frontier Foundation (EFF) champions user privacy, free expression and innovation, which they see as civil liberties. The EFF fights cases in court, publishes papers and develops privacy technology. An LSE and University of Michigan alumna, Executive Director Cindy Cohn was named one of the 100 most influential lawyers in America in 2013, and has received a number […]

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    Brexit: blame it on the loss of industrial jobs, not on globalisation

Brexit: blame it on the loss of industrial jobs, not on globalisation

‘Brexit is a rejection of globalisation’ (Larry Elliott, Guardian, 26th June 2016).
Larry Elliott’s claim about the causes of Brexit is stark, but one echoed, if usually in slightly more qualified fashion, by many other commentators. For example, in her Sylvia Ostry lecture in September 2016, Christine Lagarde, Managing Director of the IMF, put forward similar ideas, with the theme […]

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    Strengthening private capital markets: less of the same is more

Strengthening private capital markets: less of the same is more

The financial market landscape has changed dramatically since the global financial crisis nine years ago. A key feature of today is the dominance of central banks in financial markets, especially in Europe. However, central bank activism has crowded out long-term investors (insurance companies, pension funds and sovereign wealth funds).

Not only do long-term investors hold assets worth about USD 70 trillion […]

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    Anthropologists in the Stock Exchange: A Financial History of Victorian Science – Book Review

Anthropologists in the Stock Exchange: A Financial History of Victorian Science – Book Review

Anthropologists in the Stock Exchange: A Financial History of Victorian Science. Marc Flandreau. University of Chicago Press. 2016.

Find this book: 

The focus of Marc Flandreau’s Anthropologists in the Stock Exchange: A Financial History of Victorian Science is to unearth and explore the links between the development of early circles of anthropologists and the use of science in British imperial formal […]

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    Multinationals in China: How ‘local’ should management go?

Multinationals in China: How ‘local’ should management go?

Any multinational seeking to build a strong base in China will inevitably confront the question of how ‘local’ an approach to adopt, particularly when it comes to management. Foreign firms active in Asia’s biggest market have pursued a wide variety of strategies, from flying in supervisors from head office for a transition period to train up local staff, to […]

Economic growth strategies affect female employment

Eastern European countries had the highest female employment rates in the world during the socialist period. While the transition to capitalism had an initially negative impact on labour markets across the region, by the end of the transition some of these countries managed to recover their female employment to the high levels they had experienced prior to 1989 (see […]

Social finance: a new frontier for development in Indonesia

Jakarta – Gatot Subroto, by Dino Adyansyah, under a CC-BY-2.0 licence
Introduction

It is estimated that Asia Pacific countries face an annual development financing shortfall of about $44 billion. So if development challenges are to be tackled effectively, the slack in finances needs to be picked up by the private sector. This would bring market incentives for financial gain closer to public […]

Navigating the new anti-money laundering normal

Money laundering, by The Preiser Project, under a CC-BY-2.0 licence
A series of recent news events have highlighted the continued focus of global regulators on money laundering and compliance failures at international financial institutions — and made it clear this focus is only likely to intensify in the months ahead. This makes it more crucial than ever that institutions have the […]

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    An attempt to unpick the ‘productivity paradox’ and other barriers to growth

An attempt to unpick the ‘productivity paradox’ and other barriers to growth

Google driverless car at intersection, by Grendelkhan, own work, under a CC BY-SA 4.0, via Wikimedia Commons

Introduction

Following the financial crisis in 2008, central banks in the UK and other developed countries have attempted to inject extra liquidity into the market through asset purchases and low interest rates. Economic theory predicts inevitable hyperinflation, overheating, and currency crashes. Today, inflation rates […]

November 18th, 2016|Economics, Jiin Baek, LSE alumni, LSE Growth Commission, Ritush Dalmia, Siddhi Doshi|Comments Off on An attempt to unpick the ‘productivity paradox’ and other barriers to growth|
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    Integrating digital systems to help city residents plan seamless journeys

Integrating digital systems to help city residents plan seamless journeys

One thing I love about this city…, by torbakhopper, under a CC-BY-2.0 licence
The 21st century has seen a growing recognition of the importance of cities in the world: not only does over half of humanity live in cities, but cities contribute 60 per cent of global GDP, consume 75 per cent of the world’s resources and generate 75 per cent […]

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    Luxury brand forums set the scene for status competition between consumers

Luxury brand forums set the scene for status competition between consumers

Beauty, by Rachel Hinman, under a CC-BY-2.0 licence
We live in a world where we spend increasingly more time online. In fact, online activities are intertwined with many different aspects of our lives, from checking our Facebook profile in the morning over breakfast, to posting photos of our gym achievements on Instagram.

Fast Moving Consumer Goods (FMCG) companies have been seizing the […]

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    Untied to economic fluctuations, insurers are less likely to generate systemic risks

Untied to economic fluctuations, insurers are less likely to generate systemic risks

In a nutshell, macroprudential regulation is made up of two building blocks: surveillance and supervision. Surveillance is concerned with identifying, assessing and monitoring the build-up of systemic risks, i.e., those regarding the financial stability of a country or region. Supervision is aimed at preventing, mitigating and managing systemic risks.

A key lesson from the recent global financial crisis is that […]

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    Innovations are rarely (if ever) the product of a single individual

Innovations are rarely (if ever) the product of a single individual

We grow up learning about great inventions and scientific discoveries in history. Chances are, it won’t take you more than a few seconds to name the discoverer of penicillin, the formulator of the theory of evolution by natural selection, or the inventor of the telephone. These “lone geniuses” changed history through their individual brilliance, creativity, and tenacity. Right?

Not exactly. For […]

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    Is Donald Trump right when he claims that China hurts US workers?

Is Donald Trump right when he claims that China hurts US workers?

China recently surpassed the United States as the country with the largest share of world trade in goods – see Figure 1. This boom in trade with China has led to much concern about the losers from rising import competition in manufacturing. In Donald Trump’s US presidential campaign, for example, he has continuously complained about the Chinese: ‘They’re stealing […]

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    Real estate bubbles leading to bank troubles — 2008? Not exactly

Real estate bubbles leading to bank troubles — 2008? Not exactly

The recent financial crisis suggested an important connection between real estate investments and bank trouble, especially in the U.S. In fact, this is nothing new. Although financial crises can have multiple and varied causes, real estate investment booms are likely to bode particularly ill for the stability of the financial system. Indeed, in a new paper, I highlight the […]

Five filters moderate the technological revolution

The technological revolution is one of today’s most hotly debated topics in politics, economics and business. It makes politicians wary about which preparatory policies to pursue, economists ponder vast productivity increases and the future of labor and business leaders think about how to make use of the new possibilities in their organisational environments. We are undoubtedly experiencing large-scale disruption […]