The UK’s vote to leave the EU has generated fears that UK firms are moving investment abroad because of Brexit. For example, media reports have documented that both large UK companies such as Barclays, HSBC and EasyJet, and smaller companies such as Crust & Crumb, a Northern Irish pizza maker, have invested in the EU27 in response to Brexit.
Has […]
Stagnating real wages and falling labour shares across developed economies have stimulated a renewed interest in the question of how, and to what extent, rents are shared with labour. Nicholas Kaldor’s (1957) long-held stylised fact that the fraction of national income going to labour is fixed has been questioned, for instance, by Karabarbounis and Neiman (2014), who show that the global labour […]
Our work at the Institute for the Future of Work (IFOW) has been focusing on two major forces of disruption that the UK economy is experiencing. The first, Brexit, will involve a sharp change in the structure of economic activity. Membership of the European Union has shaped the British model of capitalism and the structure, and operation, of core industrial […]
The impact of the digital revolution is being felt across all industries. The advent of computerisation, online communications, algorithms and workflow software has certainly made its mark.
Leadership education tends to assume that all leaders are at the top of some pyramid structure with organisations that require vision, direction setting and motivation to achieve targets and goals. Digital technologies are fundamentally […]
Disasters often catalyse new regulatory initiatives by exposing the human costs of inadequate worker or public protection. The Rana Plaza building collapse in Bangladesh in 2013, which killed 1134 garment workers, was no exception. Horrific scenes of carnage brought the “race to the bottom” into the living rooms of Western consumers and prompted a rapid reaction by the global […]
Members of Parliament’s vote on British Prime Minister’s Theresa May’s Brexit deal is due in the week starting January 14th. Without hesitation, they should vote it down.
More and more people have realised that Brexit was built on a fantasy that we could keep all the benefits of being in the European club without paying any of the membership fees […]
What drives foreign investment to some cities and regions of the world, but leaves others almost completely untouched? And what can cities and regions do in order to attract those investments?
Traditionally, scholars have tried to understand this by looking at things like market access, skills, the price of land, tax regimes, corruption levels and so on – on that […]
An overarching strategy for sustainable growth is required to address the dual challenges of restoring productivity growth and managing a transition to a low-carbon economy – priorities in both the UK and other G20 countries. Against the backdrop of an uncertain economic climate as the UK recasts its relationship with Europe and the rest of the world, and as […]
When we began the consultation process for the LSE Truth, Trust and Technology Commission, it was curious to observe how the widespread perception of “a problem” quickly dispersed, on closer examination, into many problems. Each of these problems was of a very different kind – and not all of them turned out to be so very new, despite the sense […]
The UK and EU have reached a Brexit deal. But what will the withdrawal agreement mean for the UK economy? To address this question we have analysed how the withdrawal deal and a no-deal scenario would affect income per capita in the UK, relative to the baseline of staying in the EU, through changes in trade costs.
Scenario 1: The […]
One David was born in a terraced house in East London, his father a kitchen fitter, his mother a hairdresser. The other David grew up in an idyllic village in the English countryside, his father a stockbroker, his mother the daughter of a baronet. The first David left school at 16 without any qualifications; the second studied at Eton […]
So far the debate about China’s current environmental issues has given little consideration to already existing popular alternatives to the top-down, growth-compatible governance of the country’s endangered natural resources. Forty years of Party-sanctified insistence on pursuing relentless economic development has seemingly muffled the few dissenting voices and suppressed alternative discourses in natural resource management — such as those concerned with stewardship, care, maintenance, […]
The UK has a world-leading university sector and this has a key role to play in moving the country onto an inclusive and sustainable growth path. Universities can make important contributions across the five foundations that underpin the government’s industrial strategy:
Universities support the productivity and prospects for ‘people’ through the education of students and the nurturing of researchers.
[…]
States are currently struggling to reach global agreement on the taxation of digital firms such as Apple and Google, suggesting that an international regime characterised by impressive coherence over a century may be beginning to fragment. While work on the politics of the international tax regime is still largely preoccupied with the US, a ‘great power’, this fragmentation largely […]
The UK’s poor productivity performance has been the source of much debate and policy focus over the last few years. Without an increase in productivity, we won’t see rising wages or higher standards of living. Against a backdrop of continued wage stagnation and huge variations in productivity across the country, the government has invited local leaders up and down […]
A hallmark of our era of disruption, populism and apparent de-globalisation is the erosion of trust in organisations and institutional systems. Trust is gained through better governance, which in turn is built on transparency, accountability and openness to diversity.
It is no coincidence that both Singapore and the UK issued new codes of corporate governance this year. Reinforcing systems of […]
Last time I wrote about media literacy, I was glad to observe that, as the media increasingly mediate everything in society, there is growing emphasis on the importance of ensuring that people have the media literacy not only to engage with the media but to engage with society through the media. But I was also frustrated at some of the superficial hand-waving from policy makers […]
A complex flow of investment is spreading across the globe, connecting more and more places. These flows bundle together streams of capital, skills and knowledge, the key factors in determining the development and wealth of places. As a result, it is now impossible to understand economic opportunities, innovation and development without one central concept: CONNECTIVITY.
However, investment flows are highly […]
The rapid rise of digital communications ushers new opportunities for corporate environmental responsibility. For instance, online conferencing provides alternatives to air travel for meetings of international colleagues, and online form submission and bill payment schemes reduce requisite paper communications between companies and their patrons. Yet mandating that employees or customers use these options can cause resentment by appearing as […]
It was just a year ago that Argentina issued a 100-year bond offering a dollar coupon of less than eight per cent, for which there was three times as much demand as supply. Shortly afterwards, major investment banks issued their outlook for 2018. One of them was titled “Synchronised Skating”. Another one said, “As Good As It Gets”. In January […]
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery