How Government Policies and Processes Are Hurting Innovation in China

How Government Policies and Processes Are Hurting Innovation in China

Dec 20, 2013 Strategic Management Asia-Pacific China

While China’s development over the last 30 years has been widely characterized as catching up to other, more advanced economies, some observers suggest that continued growth going forward will depend on the country’s capacity to innovate. According to Ernst & Young’s 2012 report, China’s Productivity Imperative, China’s total factory productivity fell from 4.7% during 2001-2007 to 2.8% during 2008-2010. As the opportunities for increased employment of capital and labor decrease — according to China’s National Bureau of Statistics, the size of the country’s labor force shrank for the first time in 2012 — economic theory suggests that sustained growth rates can be achieved only through increased productivity or a higher value produced per unit of input. Read more of this post

The journey of an Indian onion: Walmart, Carrefour and Tesco have been knocking on India’s door, without much luck. The route of an onion from field to shopping bag shows why they are needed

The journey of an Indian onion: Walmart, Carrefour and Tesco have been knocking on India’s door, without much luck. The route of an onion from field to shopping bag shows why they are needed

Dec 14th 2013 | LASALGAON, MAHARASHTRA | From the print edition

NITIN JAIN is the big man in Lasalgaon, a dusty town a day’s drive from Mumbai that boasts it has Asia’s biggest onion market. With a trim moustache and a smartphone stuck to his ear he struts past a thousand-odd tractors and trucks laden with red onions. Farmers hurl armfuls at his feet to prove their quality. A gaggle of auctioneers, rival traders and scribes follow him, squabbling and yanking each other’s hair. Asked why onion prices have risen so much, Mr Jain relays the question to the market. “Why?” he bellows. His entourage laughs. He says that the price of India’s favourite vegetable is a mystery that no calculation can explain. Read more of this post

From Jugaad to Justice: Endemic Corruption and the Possibility of an Indian Spring

From Jugaad to Justice: Endemic Corruption and the Possibility of an Indian Spring

Dec 20, 2013 Law and Public Policy Latin America

Jugaad is a term that needs no introduction in common Indian parlance. It literally means an improvised arrangement or work-around used to overcome a lack of resources. “For decades India has survived, and sometimes thrived, by turning muddle and adversity into success,” observed the columnist John Elliott in The Independent’s blogs section. Indian ingenuity has certainly led to economic dynamism, but there also is a less appealing side to jugaad which has to do with the innovations devised by the common citizen to work around the everyday obstacles the government puts in place. Read more of this post

Not Exactly Silicon Valley: China’s Distinct Brand of Entrepreneurship

Not Exactly Silicon Valley: China’s Distinct Brand of Entrepreneurship

Dec 20, 2013 Asia-Pacific China

Most observers believe that China’s remarkable economic performance over the past three decades is due primarily to large, state-owned companies. While those organizations are, indeed, key players, the country’s entrepreneurs have long been overlooked. According to the Global Entrepreneurship Monitor, nearly 25% of the adult population are entrepreneurs, twice as many as in the U.S. Working with limited resources and against intense competition, these individuals have played a major role in the country’s unprecedented growth. Read more of this post

Asia or Bust: Why Japanese Firms Must Succeed in Asia to Survive

Asia or Bust: Why Japanese Firms Must Succeed in Asia to Survive

Dec 20, 2013 Strategic Management Asia-Pacific

As Japan’s economy grew significantly from the 1960s through the 1980s, Japanese firms across all industries relied heavily on increasing domestic consumer spending and exports to the U.S. and Europe. Following the collapse of the economic bubble in the early 1990s and the lost decade (some would argue two decades) that ensued, it has become clear that these firms must increase sales in Asia’s developing markets if they are to survive, let alone thrive. Read more of this post

Help Wanted: New Strategies Are Necessary to Increase Entrepreneurship in France

Help Wanted: New Strategies Are Necessary to Increase Entrepreneurship in France

Dec 20, 2013 Europe

The past few years have been challenging for the global economy. Instability has been high, economic growth has stagnated, and employment opportunities for youth in particular have suffered. Global economic players such as the U.S., the U.K., China, and Germany have been mastering the challenges of the economic downturn resiliently. With an ongoing fragility in the economic markets and stagnating growth rates, however, even historically strong global players such as France are facing increasingly serious structural problems, raising questions about whether one of the continent’s largest and most sophisticated economies may become the next sick man of Europe. Read more of this post

Private Sector Innovation? Think South Carolina, Not Silicon Valley

Private Sector Innovation? Think South Carolina, Not Silicon Valley

Dec 20, 2013 Strategic Management North America

In the U.S. innovation is synonymous with Silicon Valley, not South   Carolina, and is driven by the private sector, not the government. The South Carolina Research Authority (SCRA) confounds both perceptions. It is an independent, not-for-profit public entity that is run as a private organization. It focuses on providing R&D services to public and private clients in sectors ranging from national security and automotive to biotechnology and healthcare. It also provides venture funding for startups in these areas. In just 30 years, an initial infusion of US$0.5 million and 1,400 acres of land has yielded US$15.3 billion of impact on South Carolina’s economy, attracting investment from all over the world. Read more of this post

Berlin: A Window into Germany’s Future?

Berlin: A Window into Germany’s Future?

Dec 20, 2013 Law and Public Policy Real Estate Europe

Sixty years ago, the great philosopher Martin Heidegger published his landmark “Bauen, Wohnen, Denken” (“Building, Inhabiting, Thinking”). In this pivotal essay he stressed the central role of housing for speakers of German, a language in which even the words for “being” and “freedom” are intrinsically intertwined with “dwelling” and “building.” For Germanophones, even the terms for the “poor” and “vagrants” are closely related to the lack of a roof under which to take shelter. Housing’s central role is even present in the original German constitutional rights and is, to this day, explicit in the city of Berlin’s constitution, which goes so far as to put the burden on the state to provide “living space.” Read more of this post

An Interview with Pete Miller, CEO of National Oilwell Varco

An Interview with Pete Miller, CEO of National Oilwell Varco

By Taylor Muckerman | More Articles | Save For Later
December 13, 2013 | Comments (9)

With operations in over 1,160 locations worldwide, National Oilwell Varco (NYSE: NOV  )  is a leading provider of equipment and services to the oil and gas industry through its three segments; Rig Technology, Petroleum Services & Supplies, and Distribution & Transmission. CEO Merrill “Pete” Miller has held a number of senior executive positions with NOV, beginning in 1996. Miller also serves on the boards of Chesapeake Energy Corporation (NYSE: CHK  ) , Offshore Energy Center, Petroleum Equipment Suppliers Association, and Spindletop International. Read more of this post

Status Quo Revisited: The Evolving Ties Between China and Myanmar

Status Quo Revisited: The Evolving Ties Between China and Myanmar

Dec 20, 2013 Law and Public Policy Asia-Pacific China

In Burmese, pauk phaw means “fraternal” or “kinsfolk.” Historically, this is how China and Myanmar have referred to their relationship. However, they remain an unequal pair, with China’s overall GDP nearly 160 times that of Myanmar’s, a per capita GDP roughly five times as large, and a population nearly 26 times greater than that of its neighbor. On top of these imbalances, the recent political and economic reforms following Myanmar’s general elections in 2010 have further challenged bilateral relations, forcing the countries to re-evaluate the status quo of their relationship. Read more of this post

E-cigarettes: Lighting Up in France and Beyond

E-cigarettes: Lighting Up in France and Beyond

Dec 20, 2013 Health Economics Europe

The popularity of electronic cigarettes (e-cigarettes) has exploded internationally, particularly in France, where smoking has long been part of the social fabric and culture. Both longtime and new smokers have gravitated toward this innovative device-drug combination, which costs significantly less than traditional cigarettes and benefits from a smokeless and odorless technology. Many claim that e-cigarettes’ noncarcinogenic liquid-vapor-based formula demonstrates a health profile superior to that of conventional cigarettes. Read more of this post

Big Bottleneck: A Weak Transportation Network Is Hurting Brazil’s Once-hot Economy

Big Bottleneck: A Weak Transportation Network Is Hurting Brazil’s Once-hot Economy

Dec 20, 2013 Law and Public Policy Latin America

On the highway that leads to Brazil’s Port of Santos,Latin America’s largest port, a line of trucks sits on the shoulder. The motorists set up lawn chairs at the side of the road, re-entering their trucks every few hours to inch forward in the line. They may spend a week or more waiting to unload their cargo in the port. In April 2013, Bloomberg reported that this line of trucks, most of which were carrying Brazil’s record soybean crop, quadrupled from its normal length of around five miles to more than 20 miles. Read more of this post

Starting a Company in Brazil: Not for the Faint of Heart

Starting a Company in Brazil: Not for the Faint of Heart

Dec 20, 2013 Latin America

In the winter of 2011, Davis Smith was cruising at 35,000 feet. His spirits should have been even higher. He had just obtained US$23 million in funding to secure the first stage of growth for his promising new start-up in Brazil, baby.com.br. As with any start-up, there would be a multitude of challenges to overcome before his fledgling company could fulfill its sky-high potential. However, instead of celebrating his recent victories and focusing on building his company, Smith was on a flight back to the U.S. to resolve Brazilian work-visa issues that had arisen during the final stages of putting everything in order. Read more of this post

Jim Chanos, bad news bear, urges market prudence

Jim Chanos, bad news bear, urges market prudence

December 9, 2013 @ 12:58 pm

By Jennifer Ablan

 ^[1]Prominent short-seller Jim Chanos is probably one of the last true “bad news bears” you will find on Wall Street these days, save for Jim Grant and Nouriel Roubini. Almost everywhere you turn, money managers still are bullish on U.S. equities going into 2014 even after the Standard & Poor’s 500’s 27 percent returns year-to-date and the Nasdaq is back to levels not seen since the height of the dot-com bubble in 1999. Read more of this post

The Illustrated Guide To 4 Years Of Currency Wars

The Illustrated Guide To 4 Years Of Currency Wars

Tyler Durden on 12/20/2013 17:03 -0500

While central bank intervention in the foreign exchange markets is nothing new, the last 4 years have seen unprecedented use of direct and indirect (jawboning) manipulation of exchange rates. As Goldman Sachs notes non-cooperative exchange-rate mechanics (i.e. currency wars) remains the new normal dynamic in world markets; and while some of the moves are generally consistent with cyclical (or structural conditions), efforts by central banks to ‘manage’ developed market rates in a low volatility range may come under further pressure with the Fed “tapering” as emerging market nations face money flow crises.

The “Big Four” accountants in Britain: When bean counting pays off

The “Big Four” accountants in Britain

When bean counting pays off

Dec 18th 2013, 12:25 by C.R.

LAST December, the outlook seemed grim for the “Big Four” accountancy firms in Britain. Three out of the four, Ernst & Young, PwC and KPMG, announced they had cut pay for their British equity partners. KPMG was particularly badly hit—announcing job cuts at all pay levels. Neither had Deloitte, the fourth, completely escaped the slowdown in the audit and advisory business. The previous year it was forced to cut partner pay as well.   Read more of this post

Ties that bind: The market for smart people is clogged up by all manner of dubious legal restrictions

Ties that bind: The market for smart people is clogged up by all manner of dubious legal restrictions

Dec 14th 2013 | From the print edition

THE business press is full of heartwarming stories about the “talent wars”. It reports that eBay pays its lead technologist twice as much as its chief executive. Apple recently slipped a high-flyer $8m to prevent him from jumping ship. Tech firms regularly spend lavishly on startups in order to “acqui-hire” their employees. They also compete furiously to provide workers with the best food and the most fashionable yoga instructors. Read more of this post

China Also Tapers, Forced To Promptly Bail Out Money Markets

China Also Tapers, Forced To Promptly Bail Out Money Markets

Tyler Durden on 12/19/2013 10:56 -0500

Overnight we warned that short-to-medium-term money market rates had spiked to record highs (1-Year rate-swaps over 5.06%) and that the PBOC was bravely standing firm on its (lack of) liquidity injections… that didn’t last long. Despite the PBOC’s veiled ongoing attempts to ‘taper’ its own liquidity provisions, as MNI noted, echoes of the June liquidity crunch were heard again in the Chinese money market Thursday and authorities moved to extend trading amid a surge in rates which quiet injections of funding by the People’s Bank of China failed to stem. Jitters in the Chinese interbank market since the PBOC tried to force deleveraging in June highlights the nervousness of an overstretched banking system that is reliant on the central bank’s largesse to ensure stable operations.  Read more of this post