It is easy to talk about caring about diversity and inclusion. In fact, it would be hard to find a professional worker these days who would declare that they did not in public. It is also far too easy to write policies that are not enforced and make promises for change that go unfulfilled. This makes it all the […]
An important message throughout the COVID-19 crisis has been to “stay home”. Our analysis based on debit card purchase data until 15 June shows that this has a profound impact on where consumers spend their money. Cities have been hit hard, while in peripheral commuting zones, consumption expenditures have been even higher than in 2019. An interesting side-effect of staying […]
Many businesses across the world have already laid off their workers, furloughed them, or shortened their work hours. Governments have used a variety of job retention programs, most fashioned after the German Kurzarbeit program of the previous Eurozone crisis. These require massive budget allocations and are hardly sustainable over a longer period of time. Differentiated policies to deal with […]
The UK is largely seen as a ‘service-based’ economy, which means that services – such as financial, legal, research & development (R&D), real estate and so on – account for the bulk of economic output and employment. Manufacturing, on the other hand, only formally accounts for around 10% of the economy and 9% of employment.
However, manufacturing’s importance for the […]
“Never let a crisis go to waste!”, People may say this when facing some sort of significant challenge, and trying to turn it to their advantage. As COVID-19 has become a global crisis, it presents enormous opportunities to some people. In fact, this crisis is no idle time for many entrepreneurs. They are among the first to offer and […]
The Covid-19 lockdowns brought a huge drop in demand for goods and services and unprecedented levels of excess productive capacity – idle factories, machines, and workers. Excess capacity is normally harmful, but there can be a silver lining. When machines and workers are idle, their time can be put to alternative uses. In a healthy economy, time spent on […]
Fiscal crises such as the one spurred by the COVID-19 pandemic motivate regulatory reform, which in turn can speed up the economic recovery. Past evidence suggests that this acceleration takes place through two main channels: new local entrepreneurship and increased foreign direct investment (FDI).
Entrepreneurship is critical for the continued dynamism of the modern economy, as forcefully argued by Austrian […]
While remote working has been available to many employees for many years, the COVID-19 pandemic has clearly accelerated its scalability beyond what could have been imagined. From our research in Australia, most organisations had only a specialised few or no employees working from home before the pandemic. Over the last two months, however, these organisations have had to make […]
In the last few weeks, CEOs of large American companies have publicly condemned the death of George Floyd while in the custody of the Minneapolis police. In the last few years, CEOs have been increasingly speaking on social issues, which are not directly related to their core business interests. Why are CEOs speaking on social issues, and what are […]
Young people exposed to an epidemic have less trust in political institutions for the rest of their lives
It is widely argued (by, inter alia, Fukyuama 2020) that the keys to success in dealing with COVID-19 are “whether citizens trust their leaders, and whether those leaders preside over a competent and effective state.” By way of example, Rothstein (2020) ascribes the greater success at containing the COVID-19 in the Nordic countries than in Italy in part to […]
In 2018, only 28% of adults were eating the recommended five portions of fruit and vegetables per day in the UK – and the average was 3.7 portions per day. Fewer men than women meet the five-a-day guideline, and young people aged 16 to 24 are also less likely than other adults to get their five-a-day. In 2018, 18% […]
The current pandemic has caused value chains to shatter. Particularly small and medium size customers are fighting for survival and their business continuity.
Yet, many sales and field tech support people are still entrenched in the traditional way of dealing with customers. Pushing contracts (to achieve the quarterly sales quota) or explaining fantastic technical performances of a product is now […]
Micro, small and medium enterprises (SMEs) in developing countries often face major barriers within their business environment to adapting to the impacts of climate change. These barriers include a lack of access to finance, markets, insurance, climate-smart inputs and services, and knowledge about adaptation options.
Many of these barriers can be overcome through the activities, products and services of other […]
The sudden onset of the pandemic has been forcing leaders and their organisations to experiment with unprecedented intensity, whether by reconfiguring existing work environments, applying existing skills to new markets, developing new skills for existing markets, or redirecting existing capacity to satisfy new needs.
Nowhere is this clearer than in entrepreneurial small businesses. Michelle Panik, CEO and founder of Marine Services […]
What will the life of a post-COVID-19 remote worker look like? Imagine yourself as one of the army of white-collar workers now working from home. You wake up, help with family chores, then sit at your desk ready to work. As you open your laptop, an app connected to your company’s server asks you to log in and to […]
Major organisational changes like mergers and acquisitions (M&A), restructures, and spin-offs often leave a bad taste in the mouth of employees. The reason for this is frequently because those responsible for planning and implementing these changes are unable to balance the tension between task and relationship. Or put differently, organisations in change often spiral into a very transactional way […]
A progressive tax system takes a larger amount from those most able to pay: someone who receives £100,000 should pay a larger share of that in tax than someone earning £10,000. A horizontally-neutral tax system takes the same amount from people with the same level of resources: two people receiving £100,000 should pay the same tax. The UK income […]
In response to the economic fallout from the coronavirus lockdown, public debt has soared in many advanced economies. Against this backdrop, many argued that we should not fear rising debt because inflation is an unlikely scenario and because of current low interest rates. Yet, less attention has been given to the potential implications of higher levels of debt and […]