Missing Markets: Strategies for Exploring the World’s Biggest Neglected Business Opportunites (.pdf)

An interesting summary and framework for the issues that arose from a group gathering at Cap Gemini Ernst & Young’s Center for Business Innovation to discuss “missing markets.” The paper offers a systematic method for identifying missing markets, analyzing what would be required to provide those markets, and evaluating the consequences.

Is the Information Revolution Dead?

An insightful comparison and contrast of the recent high-tech boom and bust to previous technological revolutions, with some speculative thoughts about what the future might hold. A good read.

The Future of the Euro-Dollar Relationship Depends a Lot on the U.S.

The euro, according to international finance experts at Wharton, is doing well. Completing the final stage of its three-year launch on January 1, the euro could, in fact, become an alternative to the dollar as a global reserve currency, or even provide a place of refuge if mounting U.S. debt leads to a weaker dollar. A lot depends on the U.S. economy.

Argentina: Can It Go From Bad to Worse?

If ever the Broadway show tune “Don’t Cry For Me, Argentina” had poignancy, now is the time. The fact is, a lot of people are crying over Argentina, including the country’s bankers, government leaders and middle class, not to mention outside investors. Knowledge@Wharton looks at what went wrong with the Argentine economy and whether a recovery is on the horizon.

No Risk, No Reward

This article claims to offer “Nine amazing and instructive lessons on the power of breaking the mold, the genius of the unexpected move, the thrill of standing out from the crowd, and the virtues — yes, virtues — of conservatism.” Personally, I found it of little value but the following excerpt makes it worthwhile…

*Economics primer: Frank H. Knight was cochair of the department of … [ Read more ]

Global Securities Markets Present Tough Challenges for Investors and Regulators

Securities markets worldwide have been on a roller-coaster ride after the bursting of the dot-com bubble and Enron’s meltdown. Moreover, technology and globalization are breaking down old market structures and creating new virtual ones. How will investors and regulators deal with these challenges? Wharton’s Financial Institutions Center and the Brookings Institution organized a conference last week in Washington D.C. on “The Future of Securities Markets” … [ Read more ]

The Skills Imperative: Talent and U.S. Competitiveness

“Like other industrial economies, the United States is on the threshold of enormous demographic changes. With the aging of the baby boomers, nearly 30 percent of the workforce will be at or over the retirement age by 2030. Given that the rate of growth in the size of the workforce affects economic output (more work hours yield more output), a slow-growth workforce could profoundly affect … [ Read more ]

Disruptive Technologies, Competitive Dynamics: A Demand-Based Approach

Your firm has long dominated in your particular industry, but suddenly sales are slipping and you’re losing market shares. Your rival must be offering better, new technology, right? Not necessarily, says Professor Ron Adner. In fact, sometimes the inferior products edge out the incumbent ones. Find out why in this recent working paper on disruptive technologies and competition dynamics.

The Panic Spreads

You can no longer safely shrug off Japan’s economic crisis. It just might drag the world into a depression.

The Keiretsu System: Cracking or Crumbling? (.pdf)

This excellent piece looks at Japan’s Keiretsu system – definitions, history, purposes, structure and future. If you don’t know much about the Keiretsu system, this is the article to read.

No right answer?

The turmoil in Argentina and the collapse of the ten-year link between the peso and the dollar has revived the debate about currency regimes for emerging-market economies. Was Argentina wrong to adopt the link in the first place, or wrong to try so hard and so fruitlessly to maintain it?

Global Leaders for Tomorrow Europe 2050 Task Force

Home of the Report on Readiness for the Future Index, designed to to provide a comprehensive framework for evaluating how well European societies are placed to meet the challenges brought about by the new millennium.

Editor’s Note: The GLTs are young but proven leaders from business, politics, the arts and civil society committed to improving the state of the world. 100 new GLTs are selected every … [ Read more ]

Thailand Builds a Bond Market

Developing a local-currency bond market tops the agenda of many emerging economies intent on financial reform. The reasons are clear: a deep and liquid bond market provides an alternative to bank credit and thus helps to create a more competitive financial sector and to lower the cost of borrowing. And bonds tend to have longer maturities than bank loans in these economies, thereby reducing the … [ Read more ]

India – From Emerging to Surging

India’s gross domestic product is growing by an impressive 6 percent a year. But research by the McKinsey Global Institute has uncovered three barriers preventing the country’s GDP from growing even faster: myriad regulations governing products and markets, distortions in the market for land, and widespread government ownership of business. Thirteen policy measures could remove these barriers, allowing the economy to grow by 10 percent … [ Read more ]