Category Archives: Economics

Peter Drucker Forum 2013: “Policy Improvements” panel contribution by Ben Ramalingam

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On the second day of the 5th Global Peter Drucker Forum, Ben Ramalingam stated that policy and practice have come to be like bikes, in the sense that they have been created through incremental changes and improvements.

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Filed under Behavior, Business, Business Schools, Communication, Economics, Education, Higher Education, Innovation, Leadership, Management, Peter Drucker Forum, Strategy, Technology

Peter Drucker Forum 2013: “Cyber Security” panel contribution by Mikko Kosonen

miko kosonen

Mikko Kosonen, the President for the Finnish Innovation Fund (Sitra) since 2008, with experience in companies such as Nokia, TeliaSonera Finland Oyj, The Foundation for Economic Education, Kuntien Tiera Oy, Technology Academy Finland, Fifth Element Oy, Kesko, Itella Corporation and Hewlett-Packard Corp, concentrated in a short talk, on one main problem, that of cyber security.

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Filed under Behavior, Business, Business Schools, Communication, Conference, Culture, Economics, Information Technology, Innovation, Leadership, Management, Strategy, Technology

Peter Drucker Forum 2013: “Scotland since 2007 – one approach to the challenge of public sector agility” by John Elvidge

john elvige

John Elvidge shared some of his experiences of change based on the example of the governmental changes  in Scotland in 2007. He began with the warning that this was an outlier and might not always be applicable. Reassuring the audience, he said that he would not pronounce the word airport.

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Filed under Behavior, Business, Business Schools, Conference, Economics, Government, Great Britain, Innovation, Leadership, Management, Peter Drucker Forum, Strategy

Peter Drucker Forum 2013: “Addressing complexity: the next challenge for governments” by Yves Doz

yves doz

On the second day of the 2013 Peter Drucker Forum, Yves Doz, Solvay Chaired Professor of Technological Innovation at INSEAD, looked at the existing challenges that governments face in an increasingly complex world.

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Filed under Business, Conference, Countries, Culture, Economics, Education, Entrepreneurship, Innovation, Leadership, Management, Peter Drucker Forum, Politics

BOOK REVIEW: “When China Rules the World, the end of the western world and the birth of a new global order (second edition)” by Martin Jacques (2012)

When China Rules the World, the end of the western world and the birth of a new global orderReview by Philip Warwick

Martin Jacques, who holds academic posts at the London School of Economics and Tsinghua Universtiy in Beijing, as well as being a former journalist and founder of the left leaning Demos think-tank has produced a fascinating book about how the world’s political and economic power has been shifting in the early twenty-first century and what is likely to happen next.

Jacques finishes his book with an unexpected flourish (which I am just about to ruin for you) in which he makes a good case for China’s predicted world dominance to become a reality sooner rather than later.  Through much of the book he refers to a Goldman Sachs prediction that China’s economy will overtake the United States (US) in 2025.  The reader is left to assume that this is the date on which the new world order will be finalised.  However, in this final section he points to the rapid implosion of all things American, suggesting that the impact of the 2007/2008 financial crisis on the US (and the Europe Union), together with US foreign policy which has had a myopic focus on the middle-east for the last decade, has left the field wide open for China.  He names 2008 as the year that marked the end, or at least the beginning of the end, of a period of US world dominance that has lasted since 1945 and has been unchallenged since the collapse of the Soviet Block in 1989-1991.

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Filed under Asia, Book Review, China, Economics, Guest Authors, Leadership, Politics, Strategy, USA

Danger on the Horse Highway: a slightly skeptical tourist remembers why the car replaced our equestrian friends.

Horse highway Kızıl Adalar, Turkey

It is a long forgotten fact that when cars were first introduced into cities in the late 19th Century they were welcomed as an environmentally friendly alternative to horses. With the help of two economists, a short trip around a ‘secluded’ island is a fun day out and a sanguine reminder of just why that might be. Continue reading

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Filed under Countries, Culture, Economics, Technology, Travel, Turkey, Vacation / Holidays

BOOK REVIEW: “How Countries Compete: Strategy, Structure, and Government in the Global Economy” by Richard Vietor (2007)

How Countries Compete: Strategy, Structure, and Government in the Global EconomyHow Countries Compete is a political and economic strategic analysis of 11 different countries around the world.  The book is divided into 12 new chapters, which deal with one country per chapter.  Japan is dealt with twice, looking at it from a historical perspective at the beginning of the book, and then looking more towards the future and there after the pre 1990 crisis.  Richard Vietor uses the word “compete” in the sense that countries try to compete for market share in the world economy and gain foreign investment and export their sales in business.  Governments can help in this policy, either by macroeconomic policies that encourage investment and greater economic activity, or by things like increasing human resource competencies through education.  Some countries have very active and direct policies.  In China, for example, technology transfer and know-how has been encouraged through the use of FDI.  In Singapore, workers are required to save as much as 50% of their gross income for their retirement plan.

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Filed under Asia, China, Economics, Finance, India, Japan, Politics, Strategy, USA