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How Korea Can Avoid Japan’s Economic Mistakes

Harvard Business Review

This instability meant that Japan was unable to iron out a national consensus on its reform plan, or implement reforms in the long run. The government’s welfare spending was too small to dole out benefits to those who lost jobs during business restructurings. Society hasn’t reached consensus on reform.

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The New New International Economic Order

Harvard Business Review

Earlier this week, on April 16, the US nominee Jim Yong Kim was selected over Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo. More radically, they could agree to restructure global economic institutions or change the agenda of existing institutions.

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How to Know If a Spin-Off Will Succeed

Harvard Business Review

There is little consensus as to whether firms that find themselves spun off from other companies – either as new, standalone companies, or under the stewardship of new parent companies – perform better or worse than they did before. The outsiders provide new blood in support functions such as finance, legal, or administration.