Kong enjoyed a remarkable period of growth after the Second World War. Its GDP per capita surged from less than a third of its mother country, Britain, to 40 per cent higher today. Many, including Nobel prize winning economist Milton Friedman, put this achievement down to the policy framework devised by Sir John Cowperthwaite which encouraged the entrepreneurship of […]
As the U.S. federal government pulls back from policies and agreements that reduce greenhouse gas (GHG) emissions, local governments are poised to pick up the slack. More than 270 U.S. mayors have affirmed their continued commitment to reducing GHG emissions following the Trump administration’s recent withdrawal of the U.S. from the Paris Climate Accord.
How can local governments work to further […]
Lately, there has been a good dose of discussion around the impact of employee work groups. While many companies are interested in launching these networks, there is often an unconscious assumption questioning their business impact. Are work groups and networks really just social clubs or are they a valuable business resource for companies?
Catalyst uses the term ‘employee resource group’ […]
A good sense of humour is often regarded as an important factor for successful leadership. It is an important way successful leaders motivate their followers and gain their support. For example, former California governor Arnold Schwarzenegger was hit by an egg thrown by an angry protester in a rally. He responded humorously and said “this guy owes me bacon […]
On 6 May 2010, US financial markets experienced a systemic intraday event that has come to be known as the “Flash Crash.”[i] The large and temporary decline in prices and the corresponding increase in trading volume in the S&P 500 E-mini Futures on 6 May is depicted in the figure below. During this extreme volatility event, which took about […]
The Fix: How Bankers Lied, Cheated and Colluded to Rig the World’s Most Important Number – Book Review
The Fix: How Bankers Lied, Cheated and Colluded to Rig the World’s Most Important Number. Liam Vaughan and Gavin Finch. Wiley. 2017.
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The Fix: How Bankers Lied, Cheated and Colluded to Rig the World’s Most Important Number, written like an engagingly unravelling detective story, is definitely worth the read. It offers a multidimensional journalistic account of the Libor […]
The European Commission’s recent reflection paper on deepening economic and monetary union raises several key questions about the past and future of the Eurozone. The paper certainly represents a positive contribution to the ongoing process of European integration, after the impasse caused by the deep and prolonged economic crisis, the political developments in some European countries (including the Brexit referendum) and […]
On 1 May this year, while observing Labour Day celebrations, Kenya’s President, Uhuru Kenyatta, announced an 18 per cent hike in the minimum wage, the country’s most ambitious raise in just about a decade and one that scaled up the minimum wage to Kes 20,296 – about US$ 196.8. (Computation based on the gazetted minimum wage for Nairobi, Mombasa […]
Many technologies typically referred to as supply chain technologies (SCT) are increasingly being adopted by firms to manage their supply chains. The underlying premise is that they can help improve communication among supply chain partners, which will enhance supply chain efficiency, thus creating value for shareholders. However, in spite of the potential benefits of SCT, these technologies are not […]
Between May and December 2008, Western Digital, one of the largest computer hard disk manufacturers in the world, experienced a severe shock*. Its stock price fell from $37.53 to $11.45. In 2009, the company reported in its proxy statement that it used discretion, as opposed to objective performance metrics, for evaluating its CEO. In 2008, it had not used […]
The impact of technological innovation is a hot topic in the 21st century. Debates around Big Data (BD) and the technology revolution keep trending. Ignoring the scale of the social changes and organisational disruption created by the apparently exponential growth of technology and the information that has become available to individuals and organisations is impossible. Of particular interest to business […]
Changing gender relations has meant that young people increasingly expect to share paid work and care in their relationships. Yet there is continued evidence of ‘gender fates’. This can be seen in fewer girls than boys choosing STEM subjects at school, the dominance of men in trades occupations and women in early childhood roles, the predominance of women choosing […]
The Equality Effect: Improving Life for Everyone. Danny Dorling. New Internationalist. 2017.
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In The Equality Effect: Improving Life for Everyone, Danny Dorling takes a renewed look at the growing evidence that has amassed on the stark and clear differences between equal and unequal societies in the ten years since Kate Pickett and Richard Wilkinson published the groundbreaking book, […]
LSE London have just completed a study of the role of overseas investors in the London residential market for the Greater London Authority, looking at the proportion of new homes sold to buyers who live abroad and at the proportion of those homes left empty; and the contribution of overseas sales and finance to new development. They found that:
Significant proportions of […]
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 […]
Google the phrase “lean in,” and almost the first thing that pops up is Sheryl Sandberg’s name. No surprise there, since the Facebook COO wrote a 2013 best-seller with that title urging women to accept no limits on their talents or ambitions.
In February, Sandberg offered up another two-word exhortation: “step up.” This one was aimed at companies like the […]
One word was conspicuous by its absence in the communiques on trade that came out of three meetings this year of the world’s finance chiefs. The G20 finance ministers, the International Monetary and Financial Committee and the G7 finance ministers all used the same sentence when it came to trade: “We are working to strengthen the contribution of trade […]
In some ways, the ambition to have a successful industrial strategy is like the ambition to have a perfect body. Most people are shy about admitting it. In the UK’s case, there is an additional problem; we are addicted to good news, whether it is real or fake. For example, despite having no supporting evidence, Brexit has been widely […]