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A Tale of Two Games: Global Strategies of Multinational Companies in China’s E-commerce Market
By Xin Wang & Justin Ren Why has there been hardly any successful entry into China’s e-commerce market by western firms? From consumer-to-consumer markets to online retailing, the authors point out the common pitfalls of those firms entering China, and the unique challenges faced by multinational companies. Through re-thinking how to balance standardization and customization [...]
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Law and the Technologies of the Twenty-First Century
By Roger Brownsword & Morag Goodwin The authors of Law and the Technologies of the Twenty-First Century (Cambridge University Press, 2012) examine both the challenges and opportunities that are arising regarding regulatory frameworks and emerging technologies, looking specifically at: prudence, legitimacy, effectiveness and connection. The twenty-first century, we can be sure, will be a time [...]
Can Financial Innovations Mitigate Civil and Ethnic Conflict?
By Saumitra Jha The failure to align the incentives of self-interested groups in favor of beneficial reform is often considered a major cause of civil conflict and persistent underdevelopment around the world. However, much less is known about strategies that have been successful at overcoming such challenges. This article discusses the role of financial instruments [...]
Mortgage Lending Solutions for Troubled Markets
Feature By Anna DeSimone Creation of wealth began with farmers who planted something into the land and earned income from harvesting food. Others created wealth from something taken from the ground, such as oil, coal and other minerals. In many countries around the world, an employed individual or family with modest income could embark on [...]
By B. Sebastian Reiche, Mark E. Mendenhall, Allan Bird, & Joyce S. Osland While it has become common to call for global leaders to address the many challenges that internationally operating organizations face, it is much less clear what we actually mean when referring to global leaders or what the scope of global leadership entails. [...]
A Tale of Two Games: Global Strategies of Multinational Companies in China’s E-commerce Market
By Xin Wang & Justin Ren Why has there been hardly any successful entry into China’s e-commerce market by western firms? From consumer-to-consumer markets to online retailing, the authors point out the common pitfalls of those firms entering China, and the unique challenges faced by multinational companies. Through re-thinking how to balance standardization and customization [...]
How the Great Moderation Became a (Contained) Depression and What to Do About It
By Barry Z. Cynamon, Steven M. Fazzari & Mark Setterfield The Great Recession was deep and the subsequent recovery has been slower than most economists predicted. This article summarizes the message of a recent book that presents perspectives from a group of Keynesian economists, who warned prior to 2007 of dangerous trends that could lead [...]
The Role of Urban Spaces in the Creation of Value
By Martha Schwartz Martha Schwartz, a professor at Harvard’s Graduate School of Design, discusses how urban landscape design plays an important role in the creation of value and therefore in the creation of sustainability. Efficiencies Through Collectivization Our practice is devoted to cities. We believe that the most sustainable form of human habitation is the [...]
Which Global Luxury Trends for the Coming Years?
By Jonas Hoffmann & Ivan Coste-Manière The luxury industry is currently on a remarkable journey defying the gloomy economic outlook quarter after quarter. Seven trends are currently shaping this industry: emergence of Chinese clients, localizing marketing strategies, digital everywhere, dealing with the happy few, sustainability goes mainstream, consolidation versus niche opportunities, and luxury coming [...]
Governance of International Banking: The Financial Trilemma
By Dirk Schoenmaker International banking is at the cross-roads. Are we heading for the decentralised banking model, by which banks are split in national subsidiaries supervised by national supervisors? Or can we maintain the integrated business model for international banks? In a new book on Governance of International Banking, published by Oxford University Press, the [...]
Trade Imbalances and the Global Financial Crisis
By Michael Pettis The source of the global crisis through which we are living can be found in the great trade and capital flow imbalances of the past decade or two. Unfortunately because balance of payments mechanisms are so poorly understood, much of the debate about the crisis is caught up in muddled analysis. Ever [...]
How Rapidly Should Africa Go Green? The Tension Between Natural Abundance And Economic Scarcity.
By Paul Collier & Anthony J. Venables Africa is the green continent: its CO2 emissions per person are less than one tonne pa, one-fifteenth of Europeans and one-thirtieth those of a North American.1 With 12 percent of world population, Africa accounts for just 2.4 percent of world emissions. However, this is a consequence of Africa’s [...]
Calgary, Canada: A Global Energy and Financial Centre
Feature By Paul Paynter & Rachel Yin, Calgary Economic Development Alberta’s energy sector is a key economic driver and has been for decades. The rich resources available in Alberta, Canada account for the third largest reserves of crude oil in the world and the largest deposits of oil sands in the world. Additionally, for the [...]
The Limits to Outsourcing: Beware of the Consequences for Market Success!
By Masaaki Kotabe, Michael J. Mol, Janet Y. Murray & Ronaldo Parente Over the past few decades, outsourcing, in particular offshore outsourcing, has become a widely used means for firms to improve their performance. Outsourcing helps lower the firm’s breakeven point and improve its return on investment. As a result, many firms have increased their [...]
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