Cross-country investment flows are a peculiar trait of the modern economy and have been progressively increasing in the last two decades. Even with a substantial decline after the Great Recession, there were 2.86 trillion of dollars net flows in 2016, according to data published by the World Bank. There has been an intense debate on the effects of this investment on […]
Ethiopia’s liberalisation offensive, opening up the state controlled Ethio telecom and Ethiopian Airlines to private investors, has taken many by surprise. Caught between a watershed political transition and a foreign currency crunch, opinion remains divided as to whether the move primarily signals a policy shift to relatively fast-pedalled liberalisation under the new administration, or is intended to serve as […]
Work-life balance has been a hot topic for organisations and HR practitioners for many years – linked to range of individual and organisational benefits. The shift from the terms ‘family-friendly’ and ‘work-family balance’ to the more inclusive ‘work-life balance’ around 2000 indicated a shift in rhetoric that all employees, regardless of domestic situation, deserved a suitable balance between the […]
Sovereign Wealth Funds (SWFs) are investment funds set up by national governments as a means of saving – potentially across generations – a proportion of foreign exchange inflows, typically as a result of windfalls from natural resources, but also, in some circumstances, from manufactured goods export booms and/or even agricultural surpluses. They may also serve as a stabilisation device […]
The automation debate – whether robots will take your job – has led to a dangerous theory: we face mass unemployment, so we need a basic income. A host of billionaires support this theory: Mark Zuckerberg of Facebook, Elon Musk of Tesla, Pierre Omidyar of eBay, and maybe Jeff Bezos of Amazon. There is academic support. Two researchers did […]
Against Meritocracy: Culture, Power and Myths of Mobility. Jo Littler. Routledge. 2017.
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Modern life is shaped by a persistent and sinister narrative: that if you just work hard enough, you can improve yourself and so improve your situation in life. If you’re poor, miserable, unglamorous or unfulfilled, then you’ve simply not really applied yourself – you lack […]
One of the most economically significant and complex aspects of the post-Brexit EU-UK free trade agreement (FTA) negotiations is that of services. While negotiations over trade in goods can vary in complexity from simple tariff rates to full regulatory convergence, services negotiations are invariably complicated, requiring sector-by-sector negotiations over the specific “behind the border” regulations and requirements that affect the provision […]
New fintech firms are bringing a stream of technology innovations to the financial services industry, and banks and other incumbent firms are experiencing extraordinary competitive pressures and process-disrupting new rivalries in many of their primary business areas. Industry and academic observers think this is a revolution, with financial services as a whole due for major improvements in the efficiency […]
Increasingly, organizations are turning to referral-based methods to hire new employees (i.e. “recommend a friend/acquaintance”). In fact, these practices are estimated to account for up to 50 per cent of new hires and some organizations pay up to $20,000 to people referring someone they know for a job. The practice itself is relatively simple – it consists of a hiring manager […]
In many OECD countries, economic growth has yet to recover the lost ground suffered in the aftermath of the financial crisis. In some of them, unemployment has been persistently high, investment rates disappoint, and productivity is extremely sluggish – a “low growth trap”.
Put differently, all three sources of sustainable long-run growth under-perform. This jeopardises societies’ ability “to make good […]
The Politics of Financial Risk, Audit and Regulation: A Case Study of HBOS. Atul K. Shah. Routledge. 2017.
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In The Politics of Financial Risk, Audit and Regulation: A Case Study of HBOS, Atul K. Shah examines the HBOS collapse of 2008, and uses it as a platform to more broadly critique the ways in which finance is regulated by […]
‘Competition is for losers. If you want to create and capture lasting value, look to build a monopoly’– Peter Thiel, cofounder of PayPal and Palantir
In the 1960s, IBM dominated the mainframe market. It still does. In the 1980s, Microsoft and Intel dominated the PC software and processor markets. They still do. From the 1990s, with the World Wide Web, […]
When an organisation makes loud claims about equality at work, they’re not contributing to the agenda. They’re taking from it. They’re withdrawing reputation and brand equity and depositing little back in return.
To return that equity, they need to take meaningful action. You can often spot ‘meaning’ because it brings risk and scrutiny. It’s likely to lead to a structural […]
The Rowntree management conferences are a unique repository of thinking about management in general and British management in particular. Held over a span of nearly twenty years, they encapsulate a certain strand in management thought that, unlike many other contemporary management theories, was liberal, human-centred and forward-looking. They are an experiment – tried once and never really repeated – […]
Alexa may be up to more tricks than just unnerving us with her creepy laugh.
The artificial intelligence technology that drives Amazon’s digital assistant and others like it is being used in an ever-growing list of applications. Some, like a Netflix recommendation on what to binge-watch next, are relatively benign. Others, however, hold high stakes: sizing up job applicants, reviewing […]
College graduates receive a wage premium over non-college workers. However, both types of workers are subject to similar wage shocks over the business cycle. As the share of workers with postgraduate degrees has doubled since 1980, I compare postgraduates to those who only have bachelor degrees. I document a new fact: in the US, postgraduates experience smaller shocks to […]