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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

For an example, reconsider the financial crisis. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

For an example, reconsider the financial crisis. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S.

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Who Fixes the Euro?

Harvard Business Review

Talking to an Irish friend recently, I got a splendid take on the euro-crisis. As he pointed out, there are two sides to the growing European sovereign debt crisis. Even if Europe gets through the current crisis, politicians need to face up to what it tells us about the euro-venture. Think about the pensions crisis.

Banking 13
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The Real Challenge to Turkey’s Economy Isn’t Terrorism

Harvard Business Review

A deep economic crisis like those seen in Greece and Spain has not happened. In some ways, the Turkish economy relies on regional and global uncertainties, by offering a comparatively better place to do business. Turkey’s general credit rating is still higher than that of Brazil, Croatia, Portugal, Cyprus, and Serbia.