The Luksic Group: A Chilean Conglomerate in a Global Economy

Buy low, sell high – the Luksic Group began small using this business tactic, and soon, the formula was highly successful. Over the years, it grew into one of Chile’s largest conglomerates. But a tougher challenge followed when the group attempted to convert its local successes into global ones. In this recent case study, Paulina Cuadra and Professors Lourdes Casanova and Gonzalo Jimenez explain how … [ Read more ]

The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else

Why does capitalism thrive only in the West? Peruvian economist Hernando de Soto has an original answer: property rights. The third world is full of capital ($9.3 trillion is his estimate), but it’s what he calls dead capital-“houses but not titles, crops but not deeds, businesses but not statutes of incorporation.” Indeed, in many developing countries the idea of legally documenting personal possessions and property … [ Read more ]

Shanghai: Business lessons from China’s smartest city

“…Of all China’s cities, Shanghai has gone furthest toward the success factors for a global “smart city.” Its ambition to become a major financial center and player on the international stage by 2015 has fueled this drive. History has also given Shanghai many advantages. It is probably the most outward-looking of any Chinese city and has a strong political voice in Beijing. The latter has … [ Read more ]

Competitiveness and globalisation: the role of institutions

“In the first issue of EBF (Spring 2000) we examined the meaning and relevance of a distinctively European management model. The issue of convergence around a single Anglo-Saxon approach remains contentious – and far from proven.”

How to Look at Globalization Now

How should smart companies position themselves in the global economy? By training a historical lens on the process of globalization and thinking about strategies that can take advantage of its current, intermediate state-what HBS professor Pankaj Ghemawat calls “quasiglobalization.”

Chile: In Search of a Second Wind

What brings foreign investment to a developing country? Although political stability and a skilled workforce are always appreciated, what often clinches the deal is an incentive package that includes waivers on regulations and taxes. In this recent case study, Research Assistant Isabelle Dauner and Professors Olivier Cadot, Lourdes Casanova and Daniel Traca examine the slowdown in Chile’s rate of FDI and ask what might speed … [ Read more ]