The world’s two biggest economies – the United States and China – have been engulfed in a trade war for the last couple of years. Like most Western countries, the United States denounces China for stealing US intellectual property, criticises it for engaging in unfair competition on world markets through subsidies and state-owned enterprises (SOEs) and finally laments insufficient […]
Highly charged political issues appear daily in the news in Europe and the US. In Europe, the English Brexit vote, French energy taxes/policy, and immigration issues in many countries have aroused intense emotions. These feelings manifested in England with extreme behaviours such as throwing milkshakes at politicians and in France with months of rioting. In the US, political discussions […]
Agile methodology is increasingly embraced by a wide variety of organisations in different contexts and competitive situations. Its roots, as a movement, go back to the creation of the Agile Manifesto in 2001 by 17 thought leaders from software development. Agility is characterised by speed, adaptation to external changes, multiple iterations and fast and direct communication with the user.
Why Not Default? The Political Economy of Sovereign Debt. Jerome Roos. Princeton University Press. 2019.
In Why Not Default? The Political Economy of Sovereign Debt—a book based on his doctoral dissertation—Jerome Roos systematically unpacks the structural characteristics of the contemporary debt market. Leveraging analysis of historical evidence, the author proposes a theory of creditor structural power and high spillover costs […]
Boris Johnson recently tweeted a video of a baby making his first steps. He captioned it ‘Let’s get Brexit done’. Yet these baby steps post-Brexit may not be so pleasant. In fact, the UK government admits that they will not take place at all – at least not in October, as Johnson’s tweets promise. In the latest round of […]
Whether you take the bus, the train or a car, commuting equals boredom, occasional strain and mostly a lot of lost time. On average, commuting takes up 38 minutes a day summing up to several 24-hour days a year. Such a massive time investment should have a serious return, right? Obviously, it does. Commuting enables many of us to […]
Artificial Intelligence (AI) is poised to transform the business world. It is not the first time that technologies have done so. Decision support systems, expert systems (already integrating AI) and knowledge management systems, which were promoted by the largest consulting firms and IT manufacturers, monopolised the interest of companies in the late 1990s. Yet, despite the undeniable benefits they […]
Each year I give an undergraduate lecture on student loans. It is a thoroughly depressing two-hour slot. But each year it also reminds me how the student experience has changed since I began my undergraduate degree in 1997. One memory stands out in particular. It is the memory of visiting four large UK retail banks in my local village […]
Many observers believe that implicit bank bailout guarantees were an important driver of the global financial crisis. They also blame national supervisory authorities as another key factor. As a consequence, the formation of the European Banking Union (EBU) was presumably the single-most important institutional response of the European Union (EU) to ensure that taxpayers’ money is not used again for […]
In recent years, repeated boom-bust cycles in cryptocurrencies valuations have generated waves of media and public attention, helping to attract a growing number of retail and professional investors to this new asset class. Regulatory environment and markets research, however, lag these developments.
In general, there is no consensus in the markets and amongst regulatory authorities as to the preferred classification […]
Capital City: Gentrification and the Real Estate State. Samuel Stein. Verso. 2019.
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The real estate industry is now worth $217 trillion, which is 36 times the value of all the gold in the world. What is more, it forms 60 per cent of global assets, and it is how one of the most powerful people on earth […]
There are competing visions for British trade policy: ‘Global Britain’, which sees a sovereign Britain trading free from the shackles of the EU on the basis of WTO rules, with an ability to shape its own rules; and what might be called the “European continuity vision” that sees UK interests closely linked to the EU. Looking beyond the immediate […]
Imagine a prevalent phenomenon in the workplace: A leader has several direct reports, but only one or some of them are included in his or her inner circle to enjoy more opportunities for learning and growth. You may wonder: What chemistry has this group of followers generated in the daily interaction with the leader so that they are “chosen” […]
In principle, as is said for services more generally, the link between managing the work force and operative service performance is particularly strong in aviation, especially in airports serving as the logistical hubs for passengers as well as freight. On top, sound employment relations and working conditions are connected to service processes that require a high level in terms […]
The founder of Rakuten, Inc., the largest e-commerce site in Japan, now among the world’s largest by sales, decided to introduce an English-only policy in his company in 2012. As global business accelerated and it shifted from a Japan-based venture to a global internet services company, ‘Englishnisation’ initiatives were launched to accelerate the smooth integration of 17,000 employees worldwide. […]
Even the most open of market economies accepts professional monopolies. Clients hand over decision-making to doctors and lawyers based on reputations for expert knowledge and reliable practice. And governments protect professionals against competition from frauds as well as unlicensed practitioners. All of this stands in contrast to, say, the market for widgets, where the customer is always right and […]