In recent years, numerous phenomena in Chinese society have worried the informed elites and have angered the common citizens. On the one hand, government power has been expanding, the monopolies of state-owned enterprises, especially central enterprises, have grown, and consumption of public funds and official corruption have become rampant.
The retail side of banks’ business culture is of particular political significance; public disapproval of wholesale and shadow banking behaviour flow less readily into voter intentions. It is through the prism of experience of retail banking that politicians and the public believe themselves to be afforded insight into banks’ failure in these more remote areas
When you book an airline ticket, you trust that the pilot assigned to this flight is sufficiently knowledgeable and competent to fly the aircraft. In fact, you expect the pilot to be a professional that has gone through many hours of flight training and theoretical study.
It is hard to imagine two politicians that are further apart ideologically than Bernie Sanders and Donald Trump. Nonetheless, these two presidential candidates have a lot in common: their outsider status, their unrealistic fiscal plans, and a desire to punish foreigners for America’s economic problems.
After the fall of the Berlin wall and before the collapse of Lehman, the political mood was such that banks were able to persuade the world that high levels of profit and remuneration were justified: the banks told the world that their industry had a key role in wealth-creation.
For some decades before the turn of the Millennium, the growth prospects for most of the developing world looked extremely bleak. Income growth was negligible and poverty rates were high and seemed stubbornly persistent. Some even suggested that the barriers against development were almost insurmountable as progress in the already rich world was argued to come about at the expense of the poor.
Stephen Smith, author of Environmental Economics: A Very Short Introduction, gives us an insight into what environmental economists do, what environmental economics is about, and how it measures and influences our impact on the environment. He also explores the steps we need to take to protect it at an international level.
News of amazing breakthroughs that can – maybe – help solve pressing societal problems in healthcare, energy, economic development, and other areas arrives daily. Yet problems persist, because breakthroughs become useful only if they are integrated with other aspects of the situation.
The discussions about Brexit have centered around the question of whether it is in the national interest of the United Kingdom to remain in the EU or to leave it. It appears today that the British public is split about this question, so that the outcome of the referendum remains highly uncertain. The question of whether it is in the interest of the EU that the UK remains a member of the union has been discussed much less intensely.
Almost everyone faces some risk of ending up old, sick, alone, and poor. The lengths of our lives are uncertain. Aging comes with increased chances of needing costly medical care. The loss of a spouse, often preceded by large medical bills, may leave one alone late in life. Absent a spouse or other family member to provide informal care, an expensive protracted stay in a nursing home may be needed due to dementia or disability
When the heads of European governments signed the Treaty of Maastricht in 1992, they laid the ground for Europe’s economic and monetary union (EMU) and, eventually, the introduction of the euro. Far from being merely an economic project, the common currency, so they hoped, would help pave the way towards a shared European identity. Today—almost a quarter century after Maastricht—that goal remains a distant prospect. On the contrary, during the economic crisis, European citizens in many respects seemed to have drifted apart.
In February, when the local ewes were heavy with their lambs, the newspapers carried an article about a Japanese company called Spread, based in Kyoto. In a fully-automated operation covering just over an acre the company plans to be producing 30,000 heads of lettuce per day by 2017, and more than ten times that number within five years. The company’s website calls it a ‘vegetable factory’.
On 23 June, British voters will go to the polls to decide whether the UK should remain in the European Union (EU) or leave it in a maneuver the press has termed “Brexit.” As of late April, public opinion polls showed the “remain” and “exit” sides running neck– and — neck, with a large share of the electorate still undecided. The economic arguments for remaining in the EU are overwhelming. The fact that the polls are so close suggests that a substantial portion of the British electorate is being guided not by economic arguments, but by blind commitment to ideology.
Annual US expenditures on business entertainment likely exceed $40 billion. Such “wining and dining” is often viewed with suspicion, as a way for one entity to influence another’s decision makers improperly. Indeed, such concerns often lead governments and other organizations to limit what kinds of meals and other gifts employees can receive.
With surprising speed, state-sponsored private sector retirement programs have assumed an important place in the nation’s public policy agenda. California, a pioneer in many trends, was a pioneer in this area also. The California Secure Choice Retirement Savings Trust Act, adopted in 2012, was the first law authorizing a state-sponsored retirement program for private sector […]
The sheer size and increasing wealth of the Chinese population makes China an attractive target market. There is no doubt that Chinese culture and history differs from the western world, but how do these differences translate into differences in Chinese buyer behaviour? And are there differences that should affect a brand’s growth strategy?