China’s New Development Bank Is a Wake-Up Call for Washington

Harvard Business Review

“Asia pivot” policy: Americans think of international relations like a movie, imagining that we can hit the pause button when we need to and then push play when we want to return. led World Bank ($2223.2 billion of subscribed capital) or the Asian Development Bank ($162.8

4 Steps for Implementing Your Remote Work Policy

Chart Your Course

But successfully implementing a remote worker policy takes some adjusting to maintain clear workplace policies and procedures while still allowing employees the autonomy and flexibility they desire. Here are four steps for implementing an effective remote work policy.

Trending Sources

Social Mood and Presidential Leadership

Coaching Tip

Elected in 1836, by the time Van Buren assumed office in March 1837 a speculative bubble had burst and a banking crisis was at hand (sound familiar?) -- the national mood had turned south and the "Panic of 1837" followed.

The End of Banks as We Know Them?

Harvard Business Review

Last week my father received a phone call from the branch director of his long-standing bank to offer him a new product. Millions of people have lost confidence in banks. But the dissatisfaction and disappointment with our banks runs deeper. The last bank in my hometown closed a year ago. Another casualty of cost cutting, it simply closed its doors — even though local people and businesses that had used that bank all their lives still relied upon it.

Research: Hiring Chief Risk Officers Led Banks to Take on Even More Risk

Harvard Business Review

banks exploded in the years leading up to the 2008 financial crisis, with disastrous consequences for American firms, markets, and households. But why did banks get in so deep with derivatives, particularly after Washington tried to crack down on risk with new laws and regulations in the early 2000s? In a recent study, published in the American Sociological Review , we trace the growth in bank risk taking to a surprising culprit: the rise of the chief risk officer (CRO).

Are You Paying Attention to Social Cycles?

Coaching Tip

Newly conservative regulatory policies have been clamping down on bank credit,” he adds. As the Tunisian dictator Zine el Abidine Ben Ali discovered in January, there is no surer route to political oblivion than to deny people access to affordable food. On Dec.

JS Kim - The Role of Central Banks

Orrin Woodward

Kim - The Role of Central Banks by Orrin Woodward on Thu 01 Oct 2009 08:15 AM EDT | Permanent Link | Cosmos Here is an informative article from J. Kim , one of the best minds on economics and government policy in the marketplace.

The Most Desirable Employee Benefits

Harvard Business Review

You don’t need to break the bank to offer attractive extras. Offering an unlimited time-off policy can be a win-win for employer and employee. For example, HR consulting firm Mammoth considers its unlimited time-off policy a success not just for what it does but also for the message it sends about company culture: Employees are treated as individuals who can be trusted to responsibly manage their workload regardless of how many days they take off.

One Year After India Killed Off Cash, Here’s What Other Countries Should Learn from It

Harvard Business Review

Almost a year ago, the Indian government rolled out an unprecedented policy move. As the implications unfolded, I wrote two pieces ( “India’s Botched War on Cash” and “Early Lessons from India’s Demonetization Experiment” ) evaluating the policy and its impact. My assessment of the action was that the policy was poorly thought out and executed and that its net impact would be negative and particularly bad for the poor. Mint/Getty Images.

Don’t Be a Leader of Stupid Rules

Lead Change Blog

So, for many years to follow, soldier after soldier engaged in a round the clock meaningless act in strict obedience to what quickly became a completely absurd policy. No one challenged the policy; they just did what they were told.

Leading with Trust

Great Leadership By Dan

One of the eight foundations of trust is a set of policies I call "Invest." The co-head of investment banking at Goldman Sachs said, “The goal is for our analysts to want to be here for a career. Guest post by Paul J.

The 4 Types of Small Businesses, and Why Each One Matters

Harvard Business Review

A blanket policy that just tries to create another Silicon Valley can turn out to be a disaster. But these Main Street businesses employ a lot of Americans –as many as 57 million– and the policies they need are not the same as the ones required by startups.

A Playbook for Making America More Entrepreneurial

Harvard Business Review

An effective policy strategy for small businesses needs to focus on the unique needs these companies have. The Playbook is a policy menu, based around three core needs of small businesses: access to capital; people and skills; and innovation ecosystems.

Europe’s Other Crisis: A Digital Recession

Harvard Business Review

At the regulatory and policy levels, authorities have doggedly pursued U.S. Reforming immigration policies. The recent rise of the anti-immigrant hard-right parties in countries such as Denmark and Finland makes it harder for a pro-growth immigration policy to take root region-wide.

Leading Job Growth in the Digital Economy

Harvard Business Review

As a result, according to HBS’s Michael Porter, Singapore developed a highly efficient civil service elite that has been able to dynamically shift policies and priorities over time. Labor National competitiveness Policy Leadership ArticleCourtesy of Manuel Ferrol.

GDP 11

4 Big Economic Questions Now Facing the EU

Harvard Business Review

If recession is now in the cards, how can policy makers react? Central bankers around the world are monitoring events closely, and their policy tool s — swaps, liquidity, further quantitative easing — are ready to be implemented. HBR STAFF.

We Need to Move Beyond the Employee vs. Contractor Debate

Harvard Business Review

” No doubt, shifting the debate toward “good work” not just “good jobs” means shifting the public policy debate and even employment law , and perhaps we are seeing a start. ” Human resource management Policy Technology ArticleMatthew Wiebe.

What British, European, and American Policymakers Need to Do Now

Harvard Business Review

This changes the balance of politics in Europe, the balance of politics towards the US, the balance of policies about regulation in a whole variety of industries and trade. So the Bank of England did a good job of preparing, but it’s also important to note what they did not say.

What If Socially Useful Jobs Were Taxed Less Than Other Jobs?

Harvard Business Review

Although economists have long focused on policies that promote the acquisition of human capital through education, the efficient allocation of the resulting talent is just as important. What policies can encourage talented workers to choose socially beneficial careers? We consider two different types of tax policies. To evaluate these policies, we use data on the occupational choices and incomes of U.S. Policy Economics & Society Career planning Digital Article

The Right Way to Plan an Innovation Tour

Harvard Business Review

You will lose the bankers if your guidepoint is startups rather than growth; it is not banks’ business to invest in startups with few assets to secure as guarantees. Innovation Entrepreneurship Policy ArticleKenneth Andersson. Innovation tourism: it’s a thing.

India’s Botched War on Cash

Harvard Business Review

Prime Minister Narendra Modi launched a surprise in early November, demonetizing 500 and 1,000 rupee bank notes. Modi’s war on cash is not without international precedent: Singapore, for example, withdrew its largest currency recently ; the European Central Bank eliminated the 500-euro bank note ; South Korea plans to eliminate at least all coins by 2020. People up and down the income spectrum are dealing with changing cash withdrawal policies and empty ATMs.

In the Fight Against Poverty, Work Is Our Most Powerful Weapon

Harvard Business Review

” I spent the next four years studying development economics at Harvard, designing a special major to focus on African development, and later working at the World Bank to further understand the problem of poverty and how to fix it. Social enterprise Economics & Society Labor Social responsibility Policy Digital ArticleLaura Schneider for HBR. Fourteen years ago, I left suburban Los Angeles to teach English in rural Ghana.

The Political Issues Board Directors Care Most About

Harvard Business Review

Education and immigration policy are also notably absent from directors’ main concerns. With such widespread pessimism, we hope that central banks will be ready to coordinate their policies to stabilize and support the world economy. With the 2016 U.S.

What You Should Know About Dodd-Frank and What Happens If It’s Rolled Back

Harvard Business Review

The rethink took place in the context of a lot of skepticism (at best) about the banking system, the banking business model, and its contribution to American well-being. ” The tension that underlies all financial regulation: “One of the main themes of the legislation was to make sure that banks were constrained in their ability to take risks using public money. And, additionally, the hope is this makes the banks more cognizant of the risks they face.

Is Overregulation Really Holding Back the U.S. Economy?

Harvard Business Review

Today there is significant Democratic support for reform of financial regulation, especially for smaller community banks. Third, repeal regulations that are motivated primarily by the manipulation of public policy for private gain — that is, by what economists call rent seeking. ” Regulation Policy Economy North America Digital ArticleMina De La O/Getty Images.

Don’t Cry for the TPP

Harvard Business Review

By dint of those reserves, China was able to establish an infrastructure bank and to promote its much ballyhooed One Belt One Road project. For the future, what America needs is not so much more so-called free trade agreements as more balanced trade and more effective responses to mercantilist policies and practices. A third step would be to adopt a policy of having the U.S. Policy Economy Globalization Digital Article

Why the U.S. Is Still Richer Than Every Other Large Country

Harvard Business Review

We also have a decentralized banking system, including more than 7,000 small banks , that provides loans to entrepreneurs. Economy Policy North America Digital ArticleEach year, the United States produces more per person than most other advanced economies. In 2015 real GDP per capita was $56,000 in the United States.

Global Demand for Food Is Rising. Can We Meet It?

Harvard Business Review

And because banking sectors in developing countries give fewer loans to farmers (compared to the share of agriculture in GDP), investments by both farmers and large corporations are still limited. Government Policy Public-Private partnerships International business Digital Article

8 Ways Governments Can Improve Their Cybersecurity

Harvard Business Review

In response to the increased frequency of such authentication-based cyberattacks, governments around the world are pursuing policies focused on driving the adoption of multi-factor authentication (MFA) solutions that can prevent password-based attacks and better protect critical data and systems. As mobile transaction usage grows, any policy that is not geared toward optimizing use of MFA in the mobile environment will fail to adequately protect transactions conducted in that environment.

Entrepreneurship Needs to Be a Bigger Part of U.S. Foreign Aid

Harvard Business Review

Because entrepreneurship reliably generates jobs, and joblessness — especially among young people or failing states – is probably one of the most significant root causes of the unrest and extremism vexing American foreign policy and threatening American security today.

A CEO’s Guide to Navigating Brexit

Harvard Business Review

The Bank of England will likely lower policy rates, or even adopt negative interest rates. Economy Policy Strategy Digital ArticleThe Leave campaign’s victory, with a margin of 3.8

Orrin Woodward Leadership Team :: Andrew Jackson's Character & The.

Orrin Woodward

Much could be learned by studying the courageous stand made by Andrew Jackson against the ‘moneyed interest’ during the re-charter debates for the Second National Bank. Biddle, not to be denied, declared war on Jackson in response to Jackson war on the Bank.

Early Lessons from India’s Demonetization Experiment

Harvard Business Review

As I said at the time, it was a case study in poor policy and even poorer execution. When the policy change was announced, people were given until December 30, 2016, to return 500- and 1,000-rupee notes to banks, or else risk losing the value of them. According to a Bloomberg report , banks were estimated to have received 14.97 It would have been better to demonetize less-commonly-used large-denomination bank notes (Larry Summers wrote about the idea here ).

The Health Effects of Youth Unemployment

Harvard Business Review

Our Gallup-Healthways Global Well-Being Index found that among 47 high-income countries ( as defined by the World Bank ), the physical well-being of unemployed young adults between the ages of 15 to 29 is statistically tied with employed people aged 50 and older — 26% vs. 24% thriving, respectively. Demographics Education Policy Digital ArticleWe know a lot about the devastating health effects of unemployment.

Why the Future of E-Commerce Depends on Better Roads

Harvard Business Review

But are there ways to make it better that actually work — and without breaking the bank? Transportation Policy Operations management Digital Article

Grexit Would Be Even More Dangerous than Economists Realize

Harvard Business Review

The ECB, while keeping Greek banks afloat, has not provides them with fresh cash through the ELA mechanism. As a result, the Greek government has declared a week-long banking holiday and has announced capital controls to be implemented thereafter. The banking system collapses.

Why the WTO Should Constrain the Power of China’s State-Owned Enterprises

Harvard Business Review

loans from government banks at below market rates, preferential regulatory policies, low-priced commodities, or other inputs from other SOEs, and reduced rental rates for land). Policy National competitiveness Digital Articlechuttersnap/unsplash. The Trump Administration has a chance to start working with 164 other countries to create “rules of the road” to stop China building national champions with government funding.

As Hopelessness Sets In, Grexit May Be Inevitable

Harvard Business Review

When the European Union has finally approved Greece’s €86 billion bailout package, and Greece has used some of the money to repay the European Central Bank, why does uncertainty still dog the country’s future? Currency National competitiveness Policy Europe Article

U.S. Digital Infrastructure Needs More Private Investment

Harvard Business Review

According to a recent article in the New York Times, Hillary Clinton plans to spend $250 billion to create a national infrastructure bank funded by increased corporate taxes. Providing policy incentives that encourage private investment has proven to be the far superior approach. A bipartisan policy to leave the internet “unfettered by Federal or State regulation” must be reestablished after years of withering decline. Policy Regulation Internet Digital Article

What Greece Has to Do Now: Fix Its Economy

Harvard Business Review

Greece appears also to lose control of the €11 billion reserves of the Greek banking stability fund. But the new Greek team consisted of an inexperienced and ambitious set of politicians and academics with little, if any, policy experience. Economy Government Policy Europe