Governments have not done enough to address crisis
Governments around the world have not done enough to address the damaging effects of the global financial crisis triggered by the one-year old subprime credit crisis in the United States, economist Manu Bhaskaran says.
Global crisis forces corporations to look beyond quarterly earnings
With the US economy in turmoil, Wal-Mart, the nation's leading retailer boasting more than 144 million customers per week, is taking on a new leadership role. In a country where about one person in three is considered obese and 47 million people are without healthcare, the company is taking a unique stand in educating both its consumers and suppliers.
Think of Africa and you’re likely to conjure up images of warfare, drought and corruption. But Ruurd Brouwer, Africa Director of entrepreneurial development bank FMO in the Netherlands says that, in order to attract investment to the continent, we need to get rid of the sorts of images as depicted by aid agencies and instead replace them with pictures of successful African bankers driving Mercedes cars.
World Bank to double lending to emerging economies in wake of crisis
The World Bank is aiming to double its lending to emerging economies that are most vulnerable from the fallout of the global financial crisis, World Bank president Robert Zoellick said at a recent forum in Singapore organised by the Lee Kuan Yew School of Public Policy.
Rethinking global financial systems
The consensus is loud and clear: in the wake of the worst global financial crisis since the Great Depression, a fundamental rethink of the structure of the global financial markets and greater cooperation of the major regulatory bodies are paramount, said the heads of major financial institutions at the World Knowledge Forum in Seoul.
Steering a new course in unchartered waters
With credit getting tighter, companies are going to have to change the way they do business and manage their cash. Laurence Danon, executive board member of Edmond de Rothschild Corporate Finance in France, says we are likely to see companies implementing huge cost-savings plans, probably with significant layoffs and dramatic changes to capital expenditure and development programmes.
The China Syndrome: understanding the Chinese economy
China’s economy is booming and many multinational companies are looking to tap the Asian giant’s potential. However, according to Peter Bowie, CEO of Deloitte China, foreigners wanting to do business with the Chinese appear to be ill prepared because their pre-conceived notions about China are simply outdated.
Asia feels the pain caused by the crisis but could be poised for rapid recovery
Asia can’t escape the financial and economic crisis that is battering the rest of the world, but the region may be poised for a more rapid recovery if leaders in business and government work together and show leadership.
Europe as a power: Financial and economic challenges ahead
There has been so much 'hype' about the rise of the BRIC countries - Brazil, Russia, India and China - that one begins to wonder about Europe's relevance as an economic power. 'Is the European economy as relevant as it once was?' asks Alice Rivlin of The Brookings Institution.
Energy security: a picture of uncertainty
Uncertainty surrounds the security and sustainability of energy supplies in the UK
from 2015 onwards, with energy prices rising – in some cases – to uncomfortably high levels. “Gas would be a very important bridge to take us to the Elysian fields of a much cleaner energy scene of onshore and offshore wind, renewables, and an expectation of a very large chunk of nuclear,” says Alistair Buchanan, Chief Executive of Ofgem (the Office of the Gas and Electricity Markets), speaking at The
The emerging markets: exploring the consequences
The rapid development of countries like China and India is a remarkable phenomenon, says Vince Cable, the UK’s Secretary of State for Business, Innovation and Skills. “In a matter of one generation, China has broken through to a degree that took over a century in Britain. Solidly established precedents like South Korea show that this breakthrough can be sustained. It is clear that major so-called emerging markets have already emerged.”
Who supervises the board? In Indonesia, that’s the job of another board
Indonesia’s two-tier board system works well and could be a model for other countries. That’s according to the president of the supervisory board of commissioners at major telco PT Telekomunikasi, Tanri Abeng, who says he’s “a little bit critical” of the single-board system used elsewhere.
Personal view: some advice to climate scientists on ethics from a finance professor
Climate scientists from the Climate Research Unit (CRU) at the University of East Anglia have come under fire for alleged data manipulation following the release of thousands of emails and documents. As a result of ‘ClimateGate,’ some of the climatologists involved have stepped aside or are under investigation by their university.
Barroso makes the case for conclusion of Doha Round
The world should embrace free trade and repudiate protectionism, urges José Manuel Barroso, European Commission president, adding that completing the Doha Round on global trade would send a “very important signal” that free trade is vital in lifting the international economy from the current deep recession.
Inventing new futures through business education
This year, Students In Free Enterprise (SIFE) in France will offer some 200 university students the opportunity to develop and implement sustainable projects which create economic opportunities for people in need.
The winds of change: how Denmark is leading the green movement
With the climate change issue becoming ever more a major cause for concern, a new green movement is fast taking shape in the European Union, with Denmark leading the way. And rightly so, because of all the countries in the EU, Denmark is ahead in its use of renewable energy.
Why women mean business
Business leaders ignore gender issues at their peril. That's the view of CEO of gender consultancy 20-First and INSEAD alumna Avivah Wittenberg-Cox. In a new book, 'Why Women Mean Business', Wittenberg-Cox and her co-author Alison Maitland say organisations that become savvy about 'womenomics' will win in the war for the best talent and leadership and the war for customers.
Is China friend or foe? 'Neither,' says Singapore's Lee Kuan Yew
In a keynote session at the INSEAD Leadership Summit in Asia, the founder of modern Singapore, Lee Kuan Yew, revealed that during a meeting with Washington aides to presidential candidates, he was asked whether the US should regard China as a friend or foe.
His reply: "Neither at the moment." He then added that in 20 years' time, the US will be dealing with a different set of leaders.
Gucci: In the business of selling 'dreams'
As many look to cut costs to cope with the worsening economic downturn, you would expect consumer spending patterns to be adversely affected, with the luxury goods segment being one of the hardest hit.
Not so according to Robert Polet, chairman of the Gucci Group. While he agrees that consumer psyche vis-à-vis buying behaviour has taken a hit, he believes that his company is in the business of selling dreams – and you can’t put a price tag on a dream.
On the Branding Edge
Branding expert Ken Cato is the man that some major companies turn to for help with overhauling their branding. His clients include Taiwans BenQ, Germanys Siemens, Australias Commonwealth Bank and most recently, Dubai World Central, the worlds largest planned airport. He believes that building iconic brands require companies to dare to be different and have a clear idea of their corporate identity.