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May – June 2013

World
Confronting the New Reality: Globalisation, the Global Financial Crisis and the State
John Farrar & David Mayes

A ‘Sigh of Relief’ at Davos: Confidence and Caution Shared Center Stage
Michael Useem

Fair Lending Compliance for Mortgage Lenders – An International Concern
Anna DeSimone

The Impact of Hedge Fund Regulation: An International Perspective
Douglas Cumming, Na Dai & Sofia Johan

Implementing Smarter Cities Through Better Governance
Joan Enric Ricart, Pascual Berrone, Juan Manuel Barrionuevo &Asun Cano Escoriaza

 

Europe
Regional Innovation: How To Be Smart, Sustainable and Robust
Michele Mastroeni, Joyce Tait & Alessandro Rosiello

Smaller Cities Embrace Smart Specialisation – The Exeter Success Story

Asia
Karma Matters: Business Sustainability is Beyond Just Lasting!
Jayantee Mukherjee Saha & Chris Rowley

 

Canada
Canadian Foreign Aid Enters the Twenty-First Century
Stephen Brown

 

Africa
Putting Research into Use (RIU); Technology Development for the Poor Farmer in Low Income Countries
Norman Clark

 

Business & Sustainability
The Eco-Business Market Advantage
Peter Dauvergne & Jane Lister

Luxury and Sustainability: Trade-offs and Synergies in the Hotel Industry
Annie R. Pearce, Yong Han Ahn, & Young Oh Choi

A World on Purpose
Joey Reiman

Karma Matters: Business Sustainability is Beyond Just Lasting!

By Jayantee Mukherjee Saha & Chris Rowley

How can businesses remain sustainable? What is business sustainability all about? What are some of the impacts of globalisation on the sustainability of businesses? Can businesses draw lessons from epics of ancient civilizations? This article explores the idea of sustainability from an ancient Asian, karmic point of view and offers some insights into the long-lasting success of certain Eastern businesses.

The Eco-Business Market Advantage

By Peter Dauvergne & Jane Lister

“When sustainability burst onto the scene it was in the responsibility category, something that a company should do because it was the right thing to do. But now it is equally about saving money.”1

Putting Research into Use (RIU): Technology Development for the Poor Farmer in Low Income Countries

By Norman Clark

The Research Into Use programme aims to help agricultural research projects put its existing stock of knowledge into practical use rather than investing in new scientific research. In doing this, it hopes to increase the reach of the scientific projects in low-income countries and set up productive, sustainable and high impact technologic development projects.

Canadian Foreign Aid Enters the Twenty-First Century

By Stephen Brown

For over 60 years, Western countries have continuously adjusted their foreign aid programs, often responding to changes in the international context (such as the end of the Cold War) or to new understandings of how best to achieve lasting results. At other times, though, donor countries’ new aid policies follow changes in domestic politics and the ideology of ruling parties, sometimes reverting to practices that closely resemble ones that had been rejected in the past The following article traces the evolution in Canadian foreign aid since 2000 and unpacks two key concepts in development assistance more generally: aid effectiveness and policy coherence. Though it focuses on Canada, the discussion is relevant for other aid donors as well.

Smaller Cities Embrace Smart Specialisation – The Exeter Success Story

By Richard Ball

Governments have recognised that cities are engines of growth critical to economic performance and national recovery in the current climate. The large conurbations naturally make the headlines as the “core” cities receiving support towards economic development, but there are smaller cities, which are comparatively and proportionately for their size, punching “well above their weight” where people work, trade and innovate in exciting organisations directly driving significant economic growth. Some have seen very impressive employment growth over the last decade and have bucked the trend in terms of recession forecasts with a credible track record of job creation, business formation and survival.

Regional Innovation: How To Be Smart, Sustainable and Robust

By Michele Mastroeni, Joyce Tait& Alessandro Rosiello

The encouragement of innovation has been pursued by many different governments and levels of government, as innovation is seen as a source of economic growth. While there have been some successes, many policy initiatives have been disappointing. The latest approach to innovation policy being developed in Europe is that of Smart Specialisation. This article puts forward a framework to help policymakers develop an innovation strategy that can help address some of the current limitations in the Smart Specialisation concept and which can improve the long-term efficiency and success of regional innovation policies.

Implementing Smarter Cities Through Better Governance

By Joan Enric Ricart, Pascual Berrone, Juan Manuel Barrionuevo & Asun Cano Escoriaza

Urban areas are facing great challenges as their socio-economic environments constantly change, their population increases and the competition with other urban areas strengthens. In order to respond to these challenges, cities need better governance and thus better implementation strategies if they want to prosper.. The authors argue that urban strategies can be made more efficient if the six levers of change are taken into account. Adopting this “smart governance” approach can help cities in the implementation of their path towards success.

The Impact of Hedge Fund Regulation: An International Perspective

By Douglas Cumming, Na Dai & Sofia Johan

The success of a hedge fund relies on more than just internal structure and governance. The jurisdiction in which a hedge fund operates will also have a considerable influence on its performance. This article, based on the book Hedge Fund Governance, Regulation and Performance around the World, considers the international differences in the interplay between hedge funds and hedge fund regulations.

Fair Lending Compliance for Mortgage Lenders – An International Concern

By Anna DeSimone

Both the U.S. and the European Union are addressing the problems believed to have created the financial crisis by heightening consumer protection in the mortgage lending sector. Regulations such as the Dodd-Frank Act (U.S.) and the European Standardised Information Sheet focus on the consumer’s ability to repay and hope to strengthen the cross-border market for mortgages.

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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