The Key to China’s Future: Kelly at Juicy J’s
May 4, 2015
This past week, one of us was in and around Shanghai directing a Tuck Executive Education program called Global Leadership 2030. We spent the week learning about China today from...
Gluttony Goes Global
April 27, 2015
Step back from the daily deluge of economic data, most of which is about high-frequency business-cycle considerations, and you see something quite positive. Throughout most of the world, living...
Here We Go Again
April 20, 2015
As countries continue struggling to accelerate economic growth, few could dispute the gains of greater skills. Yet some countries continue to forgo these gains. Sadly for America, but gladly...
Want More Foreign Direct Investment? Liberalize Trade
April 13, 2015
Recently the U.S. government convened its second SelectUSA Investment Summit. Welcoming over 2,000 business and government leaders, President Obama proclaimed that, “America is proudly open for business,...
The U.S. Flunks Playground Politics
April 6, 2015
While your two columnists grew up about 2,000 miles apart, in our (long ago) childhoods we both experienced a common playground dilemma. When a peer didn’t like his...
Henry Ford, Meet Brad Smith
March 30, 2015
On Jan. 5, 1914, Henry Ford announced something for which he is still widely known: a revolution in the pay practices of his Ford Motor Company. He unveiled an incentive system...
The Russian Bear: Big, Brutal, and in Distress
March 23, 2015
Saturday marked the first anniversary of Russia’s parliament ratifying a treaty that designated Crimea part of the Russian Federation. While seizing Crimea has deepened Russia’s...
Defying the Laws of Financial Physics
March 16, 2015
Most of us can vaguely recall from our high school or undergraduate days something about the laws of physics. Sir Isaac Newton, for example, gave the world three laws...
Higher Education, Meet Creative Destruction
March 9, 2015
Creative destruction is one of those eloquent phrases that concisely conveys so much information. In coining the term in 1942, Austrian economist Joseph Schumpeter described it as “the process...
Cry for Argentina. And for Venezuela, Too.
March 2, 2015
Over the past few centuries, a wide range of innovations have driven a dramatic rise in living standards throughout much of the world. The sizzle and speed of today...
Why Wages Aren’t Rising
February 23, 2015
In many countries around the world, stagnant or falling wages remains a paramount policy concern. In Japan, for example, boosting earnings is a central goal of “Abenomics.”...
Going for the Gold
February 16, 2015
With the fabled Iowa caucuses and New Hampshire primary a little less than a year away, America’s presidential campaign has begun. Numerous candidates are already jockeying for...
Do You Want Your Child to Be an Uber Driver-Partner?
February 9, 2015
The innovative company Uber, about which we have written here, continues to make headlines. Its global expansion continues to meets regulatory resistance in many markets. Its valuation continues to...
The Most Important Question Facing Greece
February 2, 2015
The victory of the left-wing, anti-austerity Syriza party in the recent Greek election has sparked widespread speculation about one question: Will the new government persuade its primary creditors ...
The Devil Is in the Details
January 26, 2015
Last week in the United States, President Obama delivered his penultimate State of the Union address before a joint session of Congress. Amidst the traditional pomp and circumstance of...
A Handout for a Hand Up
January 19, 2015
To the pleasant surprise of nearly all business and policy leaders, the U.S. labor market continues to strengthen. Ten days ago the latest Employment Situation report revealed that...
Europe the Grandmother
January 12, 2015
In a widely publicized speech in late 2014, an astute Argentinian characterized Europe as resembling a “grandmother” who is “no longer fertile or vibrant.” The &ldquo...
Dear Santa
December 22, 2014
In much of the world, the end of the year brings joyous holidays such as Christmas and Hanukkah. Here at Tuck, a few days ago kith and kin alike...