In the second quarter of 2018 global debt reached a new peak, climbing to 260 trillion dollars ($260,000 billion). At the same time, the global debt to GDP ratio crossed the 320 per cent threshold for the first time. Of that total, 61 per cent (160 trillion) is private debt of the non-financial sector, while only 23 per cent […]
A key issue in the fight against climate change and for environmental protection is how to facilitate market access to environmental products (agricultural and non-agricultural ones). The world trading system has an alternative mechanism that can be very useful in that respect: the Harmonysed System (HS), which establishes common classification for goods, facilitating the negotiation process. The creation of new tariff codes for environmental products under HS […]
In recent years, the use of diversity networks in organisations has increased tremendously. Diversity networks, also referred to as ‘employee resource groups’ or ‘affinity networks’, are initiated to inform, support and advance employees with similar social identities. In many organisations, diversity networks are part of a larger diversity management agenda and an increasingly popular practice to promote equality, diversity […]
Europe and Northern Ireland’s Future: Negotiating Brexit’s Unique Case. Mary C. Murphy. Agenda Publishing. 2018.
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During the summer, I attended the Féile an Phobail (Festival of the People) in West Belfast, where Michelle O’Neill (Vice President of Sinn Féin and leader in the North of Ireland/Northern Ireland) was on a panel talking about ‘Women in the Good […]
Half a millennium ago, the myth of a lost city of gold drove scores of Europeans to the Americas in search of wealth. Today, images of a new ‘El Dorado’ with fathomless (energy) resources are attracting players from all over the world to a very different place: the Arctic. Driven by the prospect of economic, primarily energy-related opportunities, a […]
The majority of businesses in the UK report that Brexit is a source of uncertainty. This column uses survey responses from around 3,000 businesses to evaluate the level and impact of this uncertainty. It finds that Brexit uncertainty has already reduced growth in investment by 6 percentage points and employment by 1.5 percentage points, and is likely to reduce future UK […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]