In 1960, Cuba and Hong Kong had a similar level of GDP per capita at around $4,500 in today’s money. By 2018 Cuba’s GDP per capita had risen to around $9,000. By contrast, Hong Kong had reached $64,000 per capita, a similar level to the US and Switzerland. Over 60 years, Cuba had doubled its economic prosperity where Hong […]
How to improve social mobility. Merely tweaking existing policies won’t do, but four major changes have the potential to transform society.
To meet its ambitious ‘net zero’ target, the UK will need to ramp up climate change policies. Slower growth resulting from Brexit may reduce emissions in the short run, but less R&D investment will likely result in higher emissions […]
Unbound: How Inequality Constricts Our Economy and What We Can Do About It. Heather Boushey. Harvard University Press. 2019.
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The 2020 US Presidential election is less than a year away and competing claims about the state of the US economy will inevitably dominate the selection process. Heather Boushey, the former Chief Economist on Hillary Clinton’s transition team, […]
Ever since the United Kingdom decided to leave the European Union in June 2016, one question has been on the minds of many Europeans: which other member states could leave the EU in the years ahead? In fact, one argument among Brexiteers in the run-up to the referendum was that the UK needs to break free from the EU […]
The value of informational privacy has long ceased to be seen merely in the protection or exercise of individual autonomy. Already in the early 1980s, the German Federal Court pointed out that the political autonomy of citizens in exercising their democratic rights and duties would be incompatible with a “social and legal order […], in which citizens could no […]
In his recent Wilson Center speech, Vice-President Pence argued that US trade policy towards China must now be built upon the premise that China is a “strategic and economic rival”. This change in perspective has naturally led the US to rethink its current trade policy with China, and this rethinking has in turn put the US and China on […]
The reduction of greenhouse gas (GHG) emissions is an increasingly important policy objective for many governments, both in developed and developing economies. This is reflected, among other things, in the emergence of energy efficiency as a high-priority topic on the policy agenda.
In manufacturing – one of the key sectors from the point of view of GHG emissions and energy […]
To say that the world is changing rapidly is an understatement. Climate catastrophe and that little thing called Brexit have been dominating the 2019 election.
These issues are important, but it might be a useful time to draw attention to another issue on the horizon that will play a fundamental role in our collective future – a fourth industrial revolution. This […]
Taking the Floor: Models, Morals and Management in a Wall Street Trading Room. Daniel Beunza. Princeton University Press. 2019.
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In Taking the Floor: Models, Morals and Management in a Wall Street Trading Room, Daniel Beunza analyses how the use of economic models and the moral disengagement this has created have significantly transformed the global financial industry. The […]
Half of the electorate are women. Research has consistently shown that women are more likely to be floating voters and to make their minds up on how to vote later than men. Securing women’s votes is increasingly recognised as essential for parties as they seek to consolidate their voting base and capture undecided voters. This is something we have […]
When entrepreneurs start a new venture, they enter a demanding, changing and emotional process. To navigate through this process, they need to have their batteries fully charged, with positive feelings and emotions, as this will help ensure good health. Conversely, it seems plausible to think that, as chronic insomnia increases stress levels and negative emotions, this will have an adverse […]
Climate change poses existential threats to global prosperity, but political and economic systems are unprepared for responding to that risk. Governance, incentives and thinking are still misaligned. The financial and corporate sectors could play an important role in turning the tide by truly managing for long-term value creation, i.e. by managing for positive financial, social and environmental returns in […]
1931: Debt, Crisis, and the Rise of Hitler. Tobias Straumann. Oxford: Oxford University Press, 2019.
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1931 was an inflection point in history, a year in which so much of such consequence happened that, nearly a century later, one still strains to make sense of it all. On 19 September 1931, Japan invaded Manchuria, an act of aggression that […]
Social media provides today’s CEOs a quicker and more direct way to communicate with investors. The Securities and Exchange Commission cleared public companies to use social media to disclose information as long as investors know which social media sites will be used.
Despite the growth in CEOs’ social media use, we know little about how such use affects investors, and […]