Globalisation and the Global Financial Crisis (GFC) have presented major challenges to orthodoxy. John Farrar and David Mayes discuss the implications of these challenges for the role of the state across the globe and argue that it is high time to confront our theory with reality.
March – April 2013
Finance
Can Financial Innovations Mitigate Civil and Ethnic Conflict?
Saumitra Jha
Can Financial Innovations Mitigate Civil and Ethnic Conflict?
Saumitra Jha
Mortgage Lending Solutions for Troubled Markets
Anna DeSimone
Global Economy
How the Great Moderation Became a (Contained) Depression and What to Do About It
Barry Z. Cynamon, Steven M. Fazzari & Mark Setterfield
Governance of International Banking: The Financial Trilemma
Dirk Schoenmaker
Trade Imbalances and the Global Financial Crisis
Michael Pettis
Business
What Is Global Leadership?
Sebastian Reiche, Mark E. Mendenhall, Allan Bird, & Joyce S. Osland
Sustainability
The Role of Urban Spaces in the Creation of Value
Martha Schwartz
Corporate Social Responsibility Does Not Avert the Tragedy of the Commons – Case Study: Coca-Cola India
Aneel Karnani
China
A Tale of Two Games: Global Strategies of Multinational Companies in China’s E-commerce Market
Xin Wang & Justin Ren
A Tale of Two Games: Global Strategies of Multinational Companies in China’s E-commerce Market
Xin Wang & Justin Ren
Technology
Law and the Technologies of the Twenty-First Century
Roger Brownsword & Morag Goodwin
Reimagining Enterprise IT for an Uncertain Future
Jeanne G. Harris, Allan E. Alter, Stéphane J.G. Girod & Iris A. Junglas
Lifestyle
Which Global Luxury Trends for the Coming Years?
Jeanne G. Harris, Allan E. Alter, Stéphane J.G. Girod & Iris A. Junglas
Social Media Change the Name of the Game in the Tourismand Hospitality Industries
Ulrike Gretzel, Marianna Sigala & Evangelos Christou
Trade Imbalances and the Global Financial Crisis
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.
Governance of International Banking: The Financial Trilemma
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 author Dirk Schoenmaker explores the trade-offs between internationally active banks and national supervision.
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 from made in emerging economies luxury.
The Role of Urban Spaces in the Creation of Value
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.
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 to these unfavorable outcomes. The authors discuss how the debt-fueled consumer boom leading up to the Great Recession was unsustainable and how rising inequality has compromised demand generation during the feeble recovery. The article concludes by considering how public policy must respond in coming years.
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 in global marketing strategies, the authors offer some practical advice that western companies can follow in order to meet the fast-changing needs of China’s online customers.
What is Global Leadership?
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. This article elaborates a framework for understanding the globality in leadership, focusing on three distinct yet interrelated conditions of global leadership: contextual, relational and spatial-temporal. We also highlight the critical elements of leadership in a global environment and discuss implications for the design of global leadership development activities.1
Mortgage Lending Solutions for Troubled Markets
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 the creation of wealth simply by purchasing a home.
EDITOR'S PICK OF THE WEEK
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...
