My colleague Prof. Marta Elvira asked me if I could write about family business and globalization. I do so with pleasure but with the fear that some readers might find my conclusions disappointing. In this post, I won’t refer to large corporations but to medium-sized companies, defined by the European Union as firms with revenues…

You have probably heard an old aphorism - Time is Money. Today, in the knowledge economy, it is more suitable to equate money with knowledge though. I believe that any contemporary economist would argue that knowledge (and technology) are the required components for enhanced productivity and economic growth. This premise holds particularly true for multinational…

A clear purpose drives results. These are the words of Claudine Gartenberg, a Wharton School professor and co-author of one of the largest studies ever conducted on corporate purpose. According to Prof. Gartenberg, purpose is “a set of beliefs about the meaning of a company's work beyond quantitative measures of financial performance.” In a recent…

As 2021 is drawing to a close, we probably agree that we have been better adjusted and equipped for this second year of the pandemic. For one thing, there has been a global Covid vaccine rollout, which likely helped many countries across the world to manage the situation better and keep their economies relatively open.…