Just two weeks ago, the likelihood of a major US recession as a consequence of the public health challenge was still in doubt. In the past few days, the number of claims filed for unemployment insurance hit record levels; the total number of Covid-19 cases in the United States went past 100,000, already substantially higher than the totals in […]
“I wonder if I will be able to string a coherent sentence together in a month’s time”
Kathy Samuel – head of business partnerships in the division of philanthropy and global engagement
What is different from working in the office?
The physicality of getting into the office provides a structure to the day. A few days in, I am feeling the […]
How to Run a City like Amazon and Other Fables. Mark Graham, Rob Kitchin, Shannon Mattern and Joe Shaw (eds). Meatspace Press. 2019.
In the science-fiction romantic film Her, the director Spike Jonze displays a near future where humanity is permeated by artificially intelligent virtual assistants, so much so that Theodore, the protagonist, develops a relationship with Samantha, his self-named […]
Companies are in a constant battle with one another to innovate and capture market share. As they do so, it is important for them to engage in two competing behaviours: exploration and exploitation.
Exploration is about discovering new opportunities and enhancing learning. This kind of activity is characterised by knowledge creation, risk taking, experimentation, and innovation. In contrast, exploitation leverages […]
The Covid-19 outbreak encompasses health risks and difficulties to our food chains. Above-normal demand and hoarding of some basic products have affected the normal operation of the food supply chain, resulting in empty supermarket shelves and forcing some retailers to impose constraints on the quantities sold. These impacts have increased food insecurity for the most vulnerable groups in the […]
On December 20, 2019, the French courts found the former CEO of France Télécom and two executives guilty of ‘moral harassment’ of their employees. During what has been called ‘a social crisis’, more than 40 employees in two years committed suicide, directly blaming the company in their notes, taking their lives on the workplace; a technician stabbed himself in […]
This review was originally published on the blog From Poverty to Power.
Plagues and the Paradox of Progress. Thomas J. Bollyky. MIT Press. 2019.
If you want to step back and think more broadly about Coronavirus, the Universe and Everything, you could do worse than start with Plagues and the Paradox of Progress, by Thomas J. Bollyky, which combines a […]
The Covid-19 crisis has brought the European economy to a standstill. More and more states are taking drastic measures to contain the spread of the virus, while nobody can predict how long these exceptional circumstances will persist. As with any other crisis, we are once again learning that the future is fundamentally uncertain, and that people do not behave […]
The COVID:19 (aka coronavirus) is hitting all aspects of human civilisation, including the global economy and international financial system. The outbreak of the pandemic has led to a sharp reduction in economic activity and turmoil in the financial markets. Its adverse economic impact is being felt at present and will continue in the days, months and years ahead. To […]
One well-documented predictor of financial crises are credit booms and capital flow bonanzas. Indeed, many banking and current account crises (sudden stops) have been preceded by unusual expansion of domestic and/or external credit (see for example Reinhart and Reinhart 2008, Forbes and Warncock 2012, Schularick and Taylor 2012, Mendoza and Terrones 2012). To the best of our knowledge, however, […]
When I started running the numbers at the end of January, I reluctantly began to draw my own conclusions regarding plausible future scenarios. I had a hard time convincing myself. I subsequently (re) learned that good old fashioned ‘denial’ is the first step of dealing with any crisis. As any good academic, I had written about it, but was […]
How does leadership development need to change in the light of the turbulent and fast-changing economic, political and social environment organisations find themselves having to operate in? This was the questions global management network EFMD explored in a research project involving a special interest group of 12 member companies, including Bayer, L’Oreal, Nokia, Engie, Swiss Re and Siemens.
The group […]
If you are interested in this book review, you may like to listen to this ‘Extra Innings’ episode of The Ballpark podcast in which Joseph Sternberg talks to Ballpark host Chris Gilson about his book.
The Theft of A Decade: How the Baby Boomers Stole the Millennials’ Economic Future. Joseph C. Sternberg. PublicAffairs. 2019.
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‘How is it that […]
The World Health Organization has declared a global pandemic as the coronavirus spreads rapidly across the world. As tumbling stock markets reveal growing fears about the potential economic impact, we invited US and European economists to express their views on the likelihood of a major recession. We also asked them about the relative importance of the supply and demand […]