Think You Live in a Globalized World? Think Again

The globalization of trade is so established that it has lost the power to astound us. Yet the global economy is not as integrated or efficient as is widely believed, according to A. Kerem Cosar, assistant professor of economics at Chicago Booth, because getting goods from their point of origin to international shipping centers within the same country can be expensive—sometimes more expensive than shipping … [ Read more ]

When Social Networks Go Astray

Most of the time, developing and mining a network is a smart move. A person develops social networks hoping and expecting to gain something—whether that be a job, contact, investor, or simply a friend. He may turn to those networks when in need or feeling vulnerable, perhaps when trying to make a risky business decision.

But avid networker, beware: these social networks have a dark side. … [ Read more ]