Monthly Archives: June 2019

Corporate Governance In Contention – Book Review

Corporate Governance In Contention. Ciaran Driver and Grahame Thompson (eds). Oxford University Press. 2019.

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Corporate Governance in Contention, edited by Ciaran Driver and Grahame Thompson, is highly recommended reading for anyone, whether a novice student or seasoned academic, who is interested in this important topic. The book’s central preoccupation, as signalled by the word ‘contention’ in its […]

June 30th, 2019|Book Review|0 Comments|
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    How development banks can adapt to climate risk: the case of Mexico’s NAFIN

How development banks can adapt to climate risk: the case of Mexico’s NAFIN

Policymakers the world over are exploring a range of strategies to mitigate and adapt to greenhouse-gas emissions and manage the unavoidable effects of climate change.

At the 21st Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 21), representatives agreed to keep any increase in global average temperature within 2°C of pre-industrial levels and also […]

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    Intelligence is a primary characteristic of people who cooperate

Intelligence is a primary characteristic of people who cooperate

What drives cooperative behaviour among people when dealing with others? What is the determining characteristic that leads us to adopt those actions that will be beneficial not only to us but for others around us?

Economists and other social scientists provide different answers to this question. Cooperation may originate from warm feelings: consideration of others can motivate us towards generous […]

June 28th, 2019|Economics|0 Comments|
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    Medical marijuana laws’ economic impact on organised crime

Medical marijuana laws’ economic impact on organised crime

Most large criminal organisations engage in international drug trafficking. Organisations such as the mafia and Mexican drug cartels have a comparative advantage in the drug market because they are willing and able to engage in violent activity. Contracts concerning the trade of illegal drugs cannot be enforced in a court of law. Therefore, violence is the only means to […]

June 27th, 2019|Economics|0 Comments|
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    Fake news: source ratings and better user interface design help us see deception

Fake news: source ratings and better user interface design help us see deception

Deception has been a long-running problem on the Internet, and it rose to global attention in 2016 with the Brexit referendum and the U.S. presidential election, when “fake news” was deliberately created and spread through social media as part of a disinformation campaign to influence voting. More than 50 per cent of adults get news from social media (primarily […]

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    How the corporate culture of banks affects their risk-taking behaviour

How the corporate culture of banks affects their risk-taking behaviour

Does the corporate culture of banks matter? Many people think so. Several commentators attribute Well Fargo’s recent scandal to ‘toxic’ culture. Various regulators, including the UK’s Financial Conduct Authority,  De Nederlandsche Bank, and the Federal Reserve Bank of New York have increasingly emphasised that improving the culture of banks is the key to regaining public trust in the financial […]

June 26th, 2019|Management|0 Comments|
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    What happens to people’s careers when demand for their occupations declines?

What happens to people’s careers when demand for their occupations declines?

Technological change facilitates long run growth, but labour-replacing technologies are often perceived as a threat to the livelihood of workers. The recent wave of technologies is no longer confined to replacing routine workers such as machine operative and clerical workers: it could well reduce the employment of, among others, drivers, lawyers, and even fashion designers. Since more occupations are […]

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    When firms have asymmetric market power, stronger multilateral cooperation is needed

When firms have asymmetric market power, stronger multilateral cooperation is needed

The opinion on the benefits of free trade, and of multilateral agreements, which are free trade’s preferred policy companion, has changed through history. After having enjoyed some decades of favour, the support to multilateralism (and free trade) seems to be declining. The theoretical premise that the free market equilibrium is efficient is the basis for multilateralism. Economists learn in […]

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    How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development – Book Review

How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development – Book Review

How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development. Murat A. Yülek. Palgrave. 2018.

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There is an intensifying discussion questioning the viability of the doctrine of globalisation and free trade. Considering the rise of ‘populism’ and ‘nationalism’ in different parts of the world, the foundations of these concepts are debated. The main idea is that the […]

June 23rd, 2019|Book Review|0 Comments|
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    Technologies of control: we have to defend our right of refusal

Technologies of control: we have to defend our right of refusal

It’s about time that we renewed a conversation about what it means an active digital citizen in the 21st century. The current conditions of our data-driven economy demand that we explore ways to deny technologies the possibility to control us.

Unfortunately, Broadband Technology Opportunities Program, which was the Obama Administration’s signature digital inclusion policy effort, marks the last time the US […]

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    The DNA of disruption: a nuanced view of disruptive innovation

The DNA of disruption: a nuanced view of disruptive innovation

“The reason why it is so difficult for existing firms to capitalise on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.” – Clayton M. Christensen

Disruptive innovation, as introduced by Clayton M. Christensen, has become a powerful way of thinking about […]

June 21st, 2019|LSE alumni, Management|Comments Off on The DNA of disruption: a nuanced view of disruptive innovation|
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    The challenge of regulating biotech in personalised healthcare

The challenge of regulating biotech in personalised healthcare

In the last decades the hottest areas of medical innovation have been the fields of targeted therapies and personalised medicine – medical treatments tailored to the specific molecular features of patients or diseases. Monoclonal antibodies are the prime example of successful targeted therapies, while genuinely personalised treatments have not been as forthcoming as expected. The greatest promise in this […]

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    Unpicking the components of blockchain and their possible applications

Unpicking the components of blockchain and their possible applications

Blockchain is often discussed as if it is one single technology. But it is really a combination of several distinct features – decentralisation, distribution, cryptography, and automation – which are combined in different ways by different platforms. Some of these features may have benefits, while others may be unnecessary or even unhelpful – depending on the specific application. In […]

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    Industrial robots are bringing jobs back home, but not for low-skilled workers

Industrial robots are bringing jobs back home, but not for low-skilled workers

An immense rise in automation by means of industrial robots has taken place. Figures from the International Federation of Robotics reveal that while automation was almost an unkown phenomenon in the 1970s, with fewer than 3000 industrial robots installed worldwide, the operational stock of robots is nowadays already approaching 2.5 million.

At the same time, nations tend to apply more […]

‘Climate Spring’ reaches the financial sector

Spring is traditionally the season of regrowth and new hope. And this is certainly the case with the resurgence in efforts this year in Europe to confront the climate crisis. Over a few short weeks in April and May – what I like to call the ‘Climate Spring’ of 2019 – an extraordinary pattern of events converged to swing […]

Global Burnout – Book Review

Global Burnout. Pascal Chabot (trans. by Aliza Krefetz). Bloomsbury. 2018.

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When he tried to get up, his body refused to obey him […] This man, who used to check his email every ten minutes, begins to tremble uncontrollably when his company’s name is mentioned (2)

Though it would be hyperbolic to suggest that the disturbing scenario described above […]

June 16th, 2019|Book Review|0 Comments|

The resegregation of the American workplace

The United States struggles with a long history of racial employment segregation. Exclusionary hiring based on race was only banned in 1964; enforcement gained teeth after the Equal Employment Opportunity Commission (EEOC) set to work in the late 1960s and early 1970s. We know that segregation in employment declined significantly through the early 1980s. Since then, though, progress seems […]

June 15th, 2019|Labour|0 Comments|
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    A dose of democracy in corporate governance may help save social media

A dose of democracy in corporate governance may help save social media

Hardly a day goes by without the national or international press publishing negative stories about social networks. Facebook has once more got problems in keeping the data of its more than two billion users under lock and key, or Mark Zuckerberg stands up another parliament in favour of a personal statement. YouTube, acting to protect children, disables the comment […]

Don’t fall into the AI doomsday trap

If you’re one of the many who see a dark future where the honest working man is replaced by mindless structures of automated metal, where technology has become so advanced that it is no longer under our control, and where the human race is overpowered by evil robots programmed to take over the world, 1) I envy your imagination, […]

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    UK business plays a crucial role in meeting the 2050 net-zero target

UK business plays a crucial role in meeting the 2050 net-zero target

The UK set its first climate change target back in 1997 under the Kyoto Protocol. With a commitment to reduce emissions by 12.5 per cent below 1990 levels between 2008 and 2012, the target allowed for incremental decarbonisation efforts as opposed to an economy-wide transition. Nonetheless, the UK managed to reduce its carbon intensity (tonnes of carbon emitted per […]