The illegal and unethical behaviour of some business executives over the past few decades suggests something is seriously out of whack in the corporate world.
December – January 2011
World
Tax Havens, the Crisis of 2007 and Financial Regulations
Ronen Palan
Tax Havens, the Crisis of 2007 and Financial Regulations
Ronen Palan
Beyond Rising Sea Levels: Using the Insurance Asset to Manage Risk and Maximize Opportunity in the “Green” Economic Paradigm Shift
Lindene Patton
Africa
China in Africa: Think again
Deborah Bräutigam
Asia/China
Entrepreneurship in China
Yasheng Huang
Selling to the Poor
Aneel Karnani
Luxury Consumer Behaviour in Mainland China: What exists behind the facade of new wealth?
Pierre Xiao LU
Middle East
Islamic Finance: Is the Time Ripe for a Private Sector Trade Association?
Robert B Gray
Islamic Finance: Is the Time Ripe for a Private Sector Trade Association?
Robert B Gray
Europe
The UK Bribery Act and Beyond – Preparing for Change
Michael W. Johnson
US/Americas
Too systemic to fail: Consequences, causes, and potential remedies
Raghuram Rajan
The United States of America or the Soviet Socialist States of America?
Richard Morrish
Leaving the Euro: Lessons from Argentina
Mario I. Blejer and Eduardo Levy-Yeyati
The Class Action Debate in Europe: Lessons from the U.S. experience
Lisa Rickard
September – October 2011
Insights
Manage the Culture Cycle
James L. Heskett
Manage the Culture Cycle
James L. Heskett
Companies around the globe are seeing results from professional coaching
International Coach Federation
Finance
Reinventing Finance: Top challenges facing today’s CFOs
Interview with Mike Donnellan of ACS
The Return Experience of Hedge Fund Investors
Ilia D. Dichev and Gwen Yu
Regulation
FATCA- Foreign Account Tax Compliance Act
Dana Ward and Anne Stopford
The Privatization of Regulation in Global Markets: Winners and Losers in the Private Governance of Financial and Product Markets
Tim Büthe and Walter Mattli
International variation of drug prices can increase social welfare in the long run
Frank R. Lichtenberg
Africa
De-coding China-Africa Relations: Partnership for development or ‘(neo) colonialism by invitation’?
Fantu Cheru and Cyril Obi
World
Recasting Globalization’s Narrative
Dani Rodrik
Recasting Globalization’s Narrative
Dani Rodrik
The Future of Managing Facilities – Energy is King
Ken Baker
Opportunities for businesses caused by the challenge of climate change
Matthew E. Kahn
Financing the Developing World
Glenn Yago and Franklin Allen
Global Economic Development, Natural Resources and History
Edward B. Barbier
Americas
The End of Energy
Michael J. Graetz
Are Natural Resources a Curse for Growth? Lessons from history
Karen Clay
Free Trade Doesn’t Work: Why the Theory of Comparative Advantage is Wrong
Ian Fletcher
China
Innovation in Emerging Economies: China’s Run of the Red Queen
Dan Breznitz and Michael Murphree
Europe
The Irish Crisis
Phillip R. Lane
May – June 2011
World/Americas
Social Banks and the Future of Sustainable Finance
Olaf Weber and Sven Remer
Social Banks and the Future of Sustainable Finance
Olaf Weber and Sven Remer
Exorbitant Privilege: The Rise and Fall of the Dollar
Barry Eichengreen
Grant Thornton – Transfer Pricing Specialists
Winning in Emerging Markets : Spotting and Responding to Institutional Voids
Tarun Khanna and Krishna G. Palepu
Megatrends of the Global Economy of Tomorrow
Wilhelm Hankel and Robert Isaak
Asia/China
Chocolate Fortunes: The battle for the hearts, minds and wallets of China’s consumers
Lawrence Allen
Europe
Science Parks –the next generation
Richard Ball
The Retirement of Sterling as a Reserve Currency after 1945: Lessons for the US Dollar?
Catherine Schenk
Africa
The Political Transformation of the Middle East and North Africa
Kristian Coates Ulrichsen
The Political Transformation of the Middle East and North Africa
Kristian Coates Ulrichsen
Middle East
The Islamic Financial System Alternative
Hossein Askari, Zamir Iqbal, Noureddine Krichene and Abbas Mirakhor
Islamic finance as a model of the sustainable financial system: Lessons from financial activities in the pre-modern Islamic world
Shinsuke Nagaoka
America
A Comment on “The American Mortgage System: Crisis and Reform, eds”
By Marvin M. Smith, Anthony Orlando, and Susan Wachter
An Inquiry into Why America Spends While the World Saves
By Sheldon Garon
The United States of America or the Soviet Socialist States of America?
By Richard Morrish
“Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credits, until debt becomes unbearable. The unpaid debt will lead to the bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to Communism. “
Karl Marx, 1867
Too systemic to fail: Consequences, causes, and potential remedies
Perhaps the single biggest distortion to the free enterprise system is when a number of private institutions are deemed by political and regulatory authorities as too systemic to fail. Resources are trapped in corporate structures that have repeatedly proven their incompetence, and further resources are sucked in from the taxpayer as these institutions destroy value. Indeed, these institutions can play a game of chicken with the authorities by refusing to take adequate precautions against failure, such as raising equity; confident in the knowledge the authorities will come to the rescue when needed.
European Jobs in 2040: Thinking ahead in the Netherlands
By George M M Gelauff, Bas ter Weel and Albert van der Horst
How will we earn our money in 2040? This article develops four scenarios for how the Dutch economy may evolve. It argues that the future depends on the development of technology – the fundamental driver of future economic development. Many of the lessons and analysis apply equally to the rest of Europe.
The UK Bribery Act and Beyond – Preparing for Change
By Michael W. Johnson
This article will detail the most important elements of the law, highlighting the restrictions that are broader than previous anti-corruption laws, such as the US Foreign Corrupt Practices Act (“FCPA”). It will then discuss the steps companies should take to ensure that they have “adequate procedures” in place to prevent prosecution under the law.
Islamic Finance: Is the Time Ripe for a Private Sector Trade Association?
The growing significance of Islamic finance has brought into sharp focus the similarities and the potential for convergence with respect to market practices between conventional modes of financing and the market for Shariah-compliant instruments. Can the market for Islamic Finance and instruments maintain its momentum without emulating the more standardised approach associated with the conventional market? But might that convergence do violence to some of the fundamental principles of Islamic finance?
Luxury consumer behaviour in Mainland China: What exists behind the facade of new wealth?
China recently became the world’s second largest market for luxury goods with an annual increase of more than 30% in 2010, even surpassing Japan. Further estimates predict that China will become the largest upscale product and consumer goods market in the world. How does a country with an average GDP per capita of $3,800 USD, and classified behind 105 in the world ranking possess such a strong propensity for consuming luxury goods and products? Specifically, how does one make sense of Mainland Chinese luxury buyers and their respective consumer behaviour? This article answers these strategic questions for foreign companies and marketers who are interested in the luxury industry in China, and for those who want to develop a greater understanding of one of the world’s largest market and its 1.3 billion consumers.
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...
