My book Blockchain: Blueprint for a New Economy highlights the possibility that blockchains are a modernising information technology that extends well beyond digital cryptocurrencies, smart contracts, and automated Dapps and DACs (distributed autonomous applications and corporations). Blockchains could engender a new Internet era that now includes payment and secure value transfer. This means that many current institutional activities might be […]
Britain earns 13 per cent of its GDP by exporting goods and services to the other EU members. In turn, these other EU members earn less than 4 per cent of their GDP by sending goods and services across the Channel. Britain accounts for a mere 17 per cent of the joint GDP of the EU.
As a result of […]
One of the first things most students of economics learn is the diamond and water paradox. How can it be that water is free even though life cannot exist without it, while diamonds are expensive although no one dies for lack of diamonds? The answer is that water can be free if its supply is abundant relative to demand. Nevertheless, […]
The world’s economies apparently change at random, reacting unforeseeably. However, certain large-scale processes can be understood and predicted as inter-related, evolving mechanisms driving business, government, and societal behaviour and decision-making. The DRIVE framework shows how the future could unfold through five such processes.
First are the demographic and social changes resulting from current models of population growth. All countries are […]
More than one in ten complaints of sexual harassment at work are reported by men. In a recent study, I found that the majority of cases (78.4 per cent) were female complaints against males. However, women were accused of sexually harassing men in 5 per cent of cases and men accused other men in 11 per cent of cases.
As recorded music revenues decline, live music is increasing in economic importance. But working conditions in the sector are a problem. Live musicians frequently suffer from low pay, casualised work contracts, and unpredictable and insecure careers. These concerns have serious knock-on effects. They skew opportunities towards those from affluent backgrounds, who can tolerate periods of deep career uncertainty. And […]
QuoteSearcher commissioned a follow up study on small and medium enterprises (SMEs) decision makers and their opinions on exporting in the European Union and worldwide. The original study was a YouGov survey on SME decision makers to understand their opinions on the EU and what effect, in any, a “Brexit” would have on their businesses. One of the key findings from […]
When one company acquires or merges with another one in search of revenue synergies, they both face greater risks than if they were aiming at cost synergies: while cost synergies can be forced top-down, revenue synergies depend on customers’ reactions.
Business leaders often equate “risk” to “things can go wrong”. This notion is reinforced by stories of catastrophes (like the merger of AOL […]
An Economist In The Real World: The Art of Policymaking in India. Kaushik Basu. MIT Press. 2015.
Documenting India’s growth story is always an uphill task, primarily because it is not an easy one to unpick. An attempt to calculate its future is complicated by the huge and growing population, and the vast, unruly administrative system mired in corruption. Professor […]
Until recently the City has sought to maintain a low profile on Brexit. For an industry still very much in the public gaze, there is little incentive to stick their head above the parapet as long as the outcome of the referendum result remains shrouded in uncertainty.
Finance, above all else, is deeply uncomfortable about making public interventions into politics […]
There have been a variety of systemically important banking issues making the headlines since the global recession of 2008, but the challenge to mitigating credit risk during settlement seems to be a constant frontrunner. This article discusses the importance of effective liquidity management, particularly from the sphere of timely payment settlement via financial market utilities (FMUs), defined as “multilateral systems that […]