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    The Covid-19 pandemic shines a spotlight on the systemic risk to global business

The Covid-19 pandemic shines a spotlight on the systemic risk to global business

Commentators have suggested that the global economy and just about everything else will be irreversibly changed as a result of the coronavirus pandemic. There will be a before-coronavirus and an after-coronavirus world. Ironically, with a few exceptions (for example, Goldin and Muggah, 2020), virtually no person or agency making such claims predicted the coronavirus pandemic itself. Nor is it […]

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    Psychology will play a greater economic role in the aftermath of Covid-19 than in 2008

Psychology will play a greater economic role in the aftermath of Covid-19 than in 2008

Efforts to tame the COVID19-pandemic continue across the world but slowly and surely some countries have started to plan for a gradual end to the lockdowns imposed to stop the spread of the pandemic. And even though there is great relief at the glimpse of a path to normality, it is tempered by anxiety about what the economic landscape […]

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    Labour market regulation and tax reform complement each other

Labour market regulation and tax reform complement each other

In the last decade, several EU countries have suffered from low economic growth, weak productivity, and declining competitiveness. Structural reforms that deregulate the labour market are thought to promote economic and employment growth. Cross-country analyses indicate that a lower labour tax wedge reduces unemployment in the long-run (see Lehmann et al 2015; OECD Taxation and Employment 2011). A close […]

Instagram: Visual Social Media Cultures – Book Review

Instagram: Visual Social Media Cultures. Tama Leaver, Tim Highfield and Crystal Abidin. Polity. 2020.

In Instagram: Visual Social Media Cultures, Tama Leaver, Tim Highfield and Crystal Abidin elaborate on why Instagram is more than just a social media platform: instead, it has become an icon that has altered understandings of visual social media cultures. By doing so, they focus […]

April 26th, 2020|Book Review|0 Comments|
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    Covid-19: the controversial role of big tech in digital surveillance

Covid-19: the controversial role of big tech in digital surveillance

The Covid-19 pandemic has brought new big data-driven practices of infectious disease surveillance to the forefront of efforts to track cases in real-time. As infections have continued to spread across the globe, governments have increasingly sought to capitalise on the volume, variety and velocity of the big data era, and to partner with big tech corporations in order to […]

How long can firms survive in the Covid-19 crisis?

In the Covid-19 crisis, many businesses are rapidly running out of cash. In our earlier blog we reported that in the United States half of small firms – those with less than 500 employees – have cash reserves for less than a month. Restaurants, for example, have only 16 days of cash on hand.

Firms in rich countries are not […]

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    Remote working is good for mental health… but for whom and at what cost?

Remote working is good for mental health… but for whom and at what cost?

The world of work as we know it is changing. We are seeing a dramatic rise in remote working, with more and more people working away from the physical office location — sometimes by choice, sometimes not. The Covid-19 pandemic has further accelerated these changes, indicating that remote working is here to stay for the foreseeable future.

From studying the […]

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    Coronavirus and the stock market: science cannot predict the outcome, but does it matter?

Coronavirus and the stock market: science cannot predict the outcome, but does it matter?

As always in times of market turmoil, investors turn to financial experts to understand what is going on with their savings. More specifically, they want to figure out what to do with their financial investments: Is it the right time to sell or is it better to purchase what seems like cheaper stocks?

It results in a steep increase in […]

April 23rd, 2020|COVID-19, Finance|0 Comments|
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    Covid-19 and the legitimacy of drastic action: lessons from megaproject management

Covid-19 and the legitimacy of drastic action: lessons from megaproject management

Soon, we will all have convinced ourselves that we knew all along what was going to happen. Hindsight bias is how our brain manages its scarce resources and protects us from losing faith.

The reality is that for the time being, both policy makers and business leaders have to keep making some of the biggest decisions of their lives under […]

April 23rd, 2020|Management|0 Comments|
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    Long read: Cultural evolution, Covid-19, and preparing for what’s next

Long read: Cultural evolution, Covid-19, and preparing for what’s next

In 2015, in the wake of the West African Ebola epidemic, Bill Gates issued a warning (summarised in a TED Talk): Of the killers that could claim 10 million or more lives, the most likely was an epidemic. After any event, it is easy to point to those who predicted it, ignoring all those who predicted other possible futures or […]

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    Covid-19 is increasing the divide in life chances between rich and poor

Covid-19 is increasing the divide in life chances between rich and poor

Social distancing measures during the coronavirus pandemic has given a new meaning to the problem of low social mobility. But make no mistake: the long term reverberations of the crisis will likely exacerbate the divide in life chances between the poor and privileged. Covid-19 has the scope to increase the toxic mix of rising economic and education inequality that […]

Make disturbance your friend 

The crisis of the Covid-19 pandemic, unprecedented in modern times, is having a devastating impact on lives and livelihoods. At the time of writing, 4.5bn people around the world are in “lockdown” – an emergency protocol of forced self-isolation and social distancing to avoid the high rate of transmission. This while our medical and scientific community scrambles to provide […]

April 21st, 2020|Leadership|0 Comments|
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    Covid-19 is bad news for foreign direct investment, but there may be a silver lining

Covid-19 is bad news for foreign direct investment, but there may be a silver lining

Just over a year ago, InvestChile – the South American country’s foreign direct investment (FDI) promotion agency – welcomed 300 foreign investors of 21 nationalities in Santiago. In a two-day event, they attended plenaries, workshops and over 200 meetings including with President Piñera, advancing over 7 billion dollars in potential projects. Fast-forward to today, and the view from Chile […]

Managing effective remote teams inclusively

“We are not working from home – we are at our homes during a crisis trying to work.” — Dame Helena Morrissey, Chair of the Diversity Project and founder of the 30% Club

The COVID-19 pandemic has made working remotely the daily reality for millions of people. Many people are feeling anxious. They are worried about loved ones, worried about losing their livelihoods and, in many cases, […]

Seven recommended reads for contextualising Covid-19

In the present crisis of the Covid-19 pandemic, there are a number of accessible historical works and websites that can provide background and information on the disease as it unfolds. Since the disease is so recently emergent, there are as yet no reliable books dedicated directly to the topic. There are, however, works that provide the necessary context for […]

The Covid-19 recession is creating a crisis of inequality

The Covid-19 pandemic is turning into a global recession – probably the biggest drop in economic activity since the Great Depression of the 1930s. The latest forecasts put UK and US GDP both down by about 10% in the second quarter of 2020 (40% on an annualised basis). GDP is an important measure of economic wellbeing, but the key […]

It’s time for a recovery plan

Firms in every country are reeling from the inability to do business as usual. To make things worse, many sectors see collapsed demand and economic uncertainty stretching months, if not years. Governments rightly focus on dealing with the health crisis first, and only then on the recovery of the economy once the immediate danger of the pandemic is over.

In […]

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    The tangled relationship between performance and suppliers: lessons from Formula 1

The tangled relationship between performance and suppliers: lessons from Formula 1

Underperformance in business is like a potentially serious illness. It’s imperative to identify it early, before it becomes insurmountable. Fortunately, our data-driven age provides an unprecedented richness of material for proactive leaders to sift in search of warning signs.

Once they recognise a red flag, however, what can managers do? After all, detection is one thing, and diagnosis another. Organisations’ […]

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    How to ‘go virtual’ as efficiently and painlessly as possible

How to ‘go virtual’ as efficiently and painlessly as possible

Digital technologies have given rise to “new ways of working” (e.g. remote working, virtual teams) which come with their unique benefits and challenges. These new ways of working are known for the increased flexibility they offer to both the employer and the employee, the reduction of transportation costs and commuting times, as well as for providing the conditions for creativity […]

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    Eurobonds (or coronabonds) would not be costly for Northern euro area countries

Eurobonds (or coronabonds) would not be costly for Northern euro area countries

There are currently heated debates on eurobonds, partly with the name coronabonds. This topic is also on the agenda again for the next EU and euro area meetings. Some countries, which have to pay relatively high interest rates on their government debt, demand the issuance of such bonds, most notably Italy, understandably assuming that such bonds would reduce their […]

April 16th, 2020|COVID-19, Finance|1 Comment|