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BRICS nations set up bank to rival IMF and World Bank

Perceptionomics – How to Solve the Eurozone Crisis

By Terence Tse and Mark Esposito

The “north vs. south” mentality of the Eurozone is not helping anyone, least of all the European Union as a whole. Berating the southern European countries for not having ‘stronger’ economies is harmful to everyone. Instead, it’s time for a new way of thinking – we need to change our perceptions.

 

Development Strategies, Identities and Conflict in Asia

By Natalia Mirovitskaya and William Ascher

Development strategies in Asian countries that are meant to increase peace and economic stability are often linked to inter-group conflict. Professors Natalia Mirovitskaya of Duke University and William Ascher of Claremont McKenna advise that policymakers need greater awareness of how development initiatives affect group identities. They discuss the categories of development strategies that are especially relevant for conflict-sensitive development.

Do Natural Resource Exports Curse Governments? Some Insights from Latin America

By Ryan Saylor

When a country strikes oil or discovers mineral deposits, politicians and citizens are often euphoric. But many economists and political scientists despair. They believe that some types of natural resources promote a “resource curse,” characterized by weak governments, dictatorships, and civil war. Even so, there are lots of exceptions to the resource curse. This article contends that the political effects of resource wealth depend on if exporters are part of a country’s ruling coalition, or if they are excluded from political power.

Bridging Cultural Divides: Doing Business in China

Q&A with Steven P. Feldman

In today’s global economy, multinational companies must do business in China. In his recent interview with The World Financial Review, Steven P. Feldman, author of Trouble in the Middle: American-Chinese Business Relations, Culture, Conflict, and Ethics, discusses the challenges of corruption, the role of the middleman, the importance of ethical norms and the realities of business in China.

 

China and Latin America: Connected and Competing

By Kayla Chen & Xiangming Chen

 

The Global Rise of China

The rise of China has stolen more headlines than any other global issue these days, stirring up questions about what China’s growing prominence really means, and how – more than why – it affects the world. While the rise of previous global powers took decades, if not centuries, China’s rise has been spectacularly fast and furious, considering the tremendous economic prowess it has gained over a relatively short period of time. Accounting for approximately 2 percent of the world’s total GDP around 1980, China holds almost 15 percent of world GDP in purchasing power parity today. From a longer historical perspective, however, China has yet to regain its dominant status in the world economy back in 1840 when it accounted for about a third of world GDP – the largest among all countries at the time – before its protracted economic decline in the aftermath of the two Opium Wars.

Is the Reversal of the Moratorium on GM Crops Good for India?

By A. Narayanamoorthy and P. Alli

The Indian government and policymakers are debating whether or not to reverse its current moratorium on GM crops. Here, the authors argue that to solve the agrarian crisis in India and alleviate some of Indian farmers’ crushing poverty, the use of GM crops is the only way forward.

Open Heartbleed Surgery – Securing Against Further Vulnerabilities

David Sandin, product manager at Clavister looks at the implications of the Heartbleed bug and the use of open-source code libraries in vendors’ security solutions.

Vignettes from the Modern Workplace

By David Weil

Working conditions are transforming as a result of a fundamental restructuring of employment in many parts of the economy. Below, David Weil considers the impacts of the fissured workplace.

The Case for Africa – The Real Estate Angle – Knowledge is King

By Nick Lambert

Many companies are being attracted to Africa by relatively low labour costs, burgeoning economies, growing populations and untapped markets. Below, Nick Lambert, Senior Director in CBRE’s Global Corporate Services Division suggests that with the barriers to entry continuing to erode and a positive economic outlook, the growth of corporate occupiers expanding into Africa is likely to continue.

EDITOR'S PICK OF THE WEEK

CFO's new mandate. CFO explaining the presentation

The Performance and Transformation Orchestrator: The CFO’s New Mandate in the Age of AI

By Terence Tse CFOs are evolving into AI-driven transformation orchestrators, balancing finance, technology, and strategy while upskilling teams, managing risks, and driving measurable business value. A key insight from this year’s AI for CFOs event, organized...

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