Scholars and practitioners alike have extensively discussed what makes different firms choose to invest in different places, and have looked at what this can mean for both the host countries and sending countries. But what can policymakers do in practice to make a real difference to their country or region? Do the classic “tried and tested” methods really do […]
How many social media profiles do you have? Do you feel that you express yourself accurately through these profiles? Do they reflect who you are? And who are you in the first place? Are you always the same? Do you present yourself the same way at different times and on different social media?
Profile making has become ubiquitous in digital […]
Sustainable finance ended 2018 on a high. Never before has so much capital been committed to integrating environmental, social and governance (ESG) factors. But financial markets also entered an unnerving cycle. If we are not careful, growing financial turbulence could divert attention away from the urgent need to scale up investment in climate action and sustainable development. Instead of […]
Corporate strategy is rife with imitation, a keeping-up-with-the-Joneses mentality, writ large. Our research suggests that high-level organisational imitation can have more to do with personality than it does with rationality. Specifically, firms are more likely to emulate competitors led by charismatic CEOs and less likely to emulate competitors led by narcissists. This bias toward or against a chief executive’s […]
New technologies don’t just change the world, they change our language too. The automobile era gave us over a thousand new words and phrases such as limousine, drive through, hot rod, tailgate, and muscle car. Computers gave us chips, CPUs, beta testers, operating systems, programs and bugs. The Internet has already contributed hundreds of new words and new meanings […]
The Political Economy of Italy’s Decline. Andrea Lorenzo Capussela. Oxford University Press. 2018.
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The decline of democratic capitalism in Italy is perhaps the most consequential development in Europe today. While the symptoms of this decline – political dysfunction, low growth, high unemployment, wage stagnation, inequality, declining productivity – are becoming distressingly commonplace, Italy’s malaise is at once more […]
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 […]
Business opportunities have become increasingly abundant, as prices continue to plummet for advanced technologies – from 3D printers, to electrical vehicle battery packs, and commercial drones – and essential digital services, such as the cloud and global bandwidth. While many companies are seeing these opportunities, most are unable to capture them fast enough.
There are two main reasons for this. […]
As the idea of a ‘job for life’ fades into the past, individuals are left with the prospect of having to transition between roles and employers more frequently. Unfortunately, these transitions can be complex, stressful and traumatic. Whether these work transitions are upward, sideward, within the same organisation or not, they typically entail not only practical change (building new […]
In the social sciences, since the 1980’s we have been using the word “gender” instead of sex. The use of the term “gender” is not only politically correct – it is more precise, acute and scientifically accurate. The use of the term first and foremost conveys the idea that differences are not natural, nor biological or physically located in […]
Machine learning is poised to pave the way for many exciting opportunities for businesses, but there are many hurdles to be crossed before getting to the finishing line. Many organisations are still struggling with legacy systems and are slow to invest in more advanced technologies. But the more pressing issue at hand, one that has been an ongoing problem […]
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 […]
The Color of Money: Black Banks and the Racial Wealth Gap. Mehrsa Baradaran. Harvard University Press. 2017.
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Mehrsa Baradaran’s The Color of Money studies the role of financial structures in the American racial wealth gap. Noting that 60% of black Americans — relative to 20% of white Americans — are either unbanked or underbanked, Baradaran describes how depictions that attribute […]
The departure of the European Medicines Agency from its home in Canary Wharf to Amsterdam may sound like an odd place to start a post about the impact of Brexit on London’s transport system. But it’s not as strange as you might think.
At the end of January, this EU agency – which has been based in London for over […]
In a previous article, I defined change as “the disturbance of repeating patterns”. And it is nigh on impossible to do this skilfully unless you can see, acknowledge and deeply respect the purpose that our cultural patterns and taken-for-granted routines serve. This requires going to source. The problem is, not many of us are able to cleanly see the causal […]
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 […]
On February 1st, the EU-Japan Economic Partnership Agreement (EPA) entered into force. Rightly described as a ‘mega-deal’, since it covers 27.8 per cent of the world economy and more than a third of global world trade, the event still received relatively little attention. Yet the deal truly matters both economically and politically, especially at a time when most headlines […]
Advancements in civil rights for lesbian, gay, and bisexual individuals in Europe (as well as the Americas and Australia) have been among the most striking social changes in recent decades. As recently as 2000, same-sex marriage was illegal throughout Europe. At present, same-sex couples can legally marry in 17 European countries while same-sex registered domestic partnerships or civil unions […]
The Data Gaze: Capitalism, Power and Perception. David Beer. SAGE. 2018.
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It can by now be taken as a given that ‘data’ or, more precisely, ‘big data’ (often even capitalised to reflect its importance), has come to define today’s society. In fact, as David Beer suggests in this book, we are permanently put under ‘the data gaze’ […]
It is now over ten years since the collapse of Lehman Brothers paved the way for the biggest, most global, and most significant financial crisis in living memory. It brought the global capitalist economy to its knees, it shook belief and faith in the capitalist system itself, and raised serious doubts about neoliberalism.
The hope that the crisis would give […]
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