Economics Blog | January 20, 2014 | Antonio Argandoña
This colloquial phrase is used when something is considered impossible. That seems to be the case with the Swiss franc, which saw a major appreciation when the Swiss National Bank (SNB) announced it was floating its currency. It is an excellent example for one type of exchange rate.
Doing Business on the Earth Blog | January 19, 2015 | Mike Rosenberg
In the run up to the 45th meeting of the World Economic Forum in Davos last week, Klaus Schwab, the founder of the Forum and its Executive Chairman called 2015 a critical year and said that the world was at a cross roads and that the choice was between disintegration, hate and fundamentalism or one of solidarity and cooperation. Professor Schwab also made explicit reference to Paris and the brutal attacks on Charlie Hebdo and said that Paris illustrated both possible choices by the attack itself and the pluralist demonstration that followed it.
Expatriatus Blog | January 14, 2015 | Sebastian Reiche
Work is one of the central tenets in human life. We ask our kids what do they want to do when they grow up; we start conversations by inquiring about each other’s jobs; we study extensively in order to secure future employment; we belong, as adults, to a well-defined working age population; we differentiate between working week and weekend; and generally, we work to make our living. As such, having a job or working is an integral part of adult life – in essence, it is what you do when you grow up. Yet, for many work takes up the biggest share of one’s life, matching reality with the infamous expression that ‘we live to work’. Hence the quite common experience of work-life conflict and the popular striving for work-life balance.
Africa from Africa Blog | January 14, 2015 | Africa Ariño
I came across a short article by Ronald Coase (1991 Nobel laureate in economics) published at the Harvard Business Review a few months before he died, aged 103, in 2013. The article is a delicious call for economists to re-engage with the (real life) economy. I want to focus on just one sentence in the last paragraph of the article: “Market economies springing up in China, India, Africa and elsewhere herald a new era of entrepreneurship.” What makes it a new era? I don’t know what Coase had in mind specifically, but as I thought about it the idea of indigenous entrepreneurship came to mind.
Economics Blog | Januray 7, 2015 | Pedro Videla
The sharing economy is a topic of hot debate. It means different things to different people. For investors, firms like Uber and Airbnb offer tantalizing market capitalizations. For visionaries, the peer-to-peer transaction model represents a new, post-capitalist economic reality. Meanwhile, critics see the rise of these services as just another brick in the winner-takes-all wall.
Whatever your view, the collaborative economy chronicle is certainly becoming harder to ignore. Take Uber, the San Francisco Internet firm offering ride sharing. Perhaps unexpectedly, Uber is battling against vested interests. Taxi-drivers everywhere are uniting against it, taking them to court, securing bans and organizing protest marches. By the law of unintended consequences, the protests generated more publicity for Uber – bringing them to the attention of new clients!
Face IT | December 22, 2014 | Javier Zamora
The boundaries between the physical and digital are disappearing and as this expansion continues China will be in the vanguard. By 2015 some 680 million Chinese will be connected to the Internet and that same year three times as many smartphones will be sold in China than in the U.S. and most of them will be manufactured locally.
Economics Blog | December 11, 2014 | Eduardo Martínez Abascal
The US Bureau of Economic Analysis provides interesting data on the contribution of 93 different industries (and groups of industries) to the GDP. In a previous post I analyzed the contribution of the oil industry to US GDP growth. Now I present the big picture: the contribution of every industry to the GDP and GDP growth. In other words, who is responsible for the sound growth of the US economy since the crisis of 2009?
Business Ethics Blog | December 10, 2014 | Antonio Argandoña
I don’t want to discuss socially responsible investment, just investment plain and simple. Deciding how to invest my money: what type of assets, where to invest, which industry, which company or government, etc. When I was young(er), ethics manuals talked about the responsibility of cooperating with the actions of others (whether good or bad).
IESE Blog | December 9, 2014 | Iñigo Gallo
In the world of marketing, experiential is officially a buzzword. All brands are now expected to go experiential: develop non-TV, non-print campaigns around live events in which consumers interact with the brand. Such activities, the argument goes, provide personal and memorable experiences for consumers and therefore bring them closer to the brand, trigger motivation, and ignite word-of-mouth.