Report
The Chinese Model of Internationalization. The case of ChemChina-Pirelli
Despite a slowdown in direct investment in the past two years, China's international expansion activities will continue at a strong pace[1] due to both the activism of large Chinese groups (that are often state-controlled), and due to the effect of the super-ambitious plan renamed the BRI-Belt and Road Initiative (or the "New Silk Road"). This advance is often perceived by foreign companies and their managers as a true attack on their economic system. In that regard, it is proper to ask whether this represents only a threat, or whether opportunities exist as well. The Chinese economic system is ...
The Economic Consequences of the Coronavirus
"When China sneezes, the global economy catches a cold," it was said in Napoleon's time. And now, faced with a epidemic that the People's Republic of China is attempting fight by limiting the movements of 1.4 billion people as much as possible, the entire world is waiting with bated breath. The numbers of people infected and deaths have exceeded those of the nine months that between 2002 and 2003 shook East Asia with the SARS epidemic (1). People try to make comparisons today, but at the time China had just joined the WTO, while today it is the second largest economy in the world, representing ...
The Economic Consequences of the Coronavirus
"When China sneezes, the global economy catches a cold," it was said in Napoleon's time. And now, faced with a epidemic that the People's Republic of China is attempting fight by limiting the movements of 1.4 billion people as much as possible, the entire world is waiting with bated breath. The numbers of people infected and deaths have exceeded those of the nine months that between 2002 and 2003 shook East Asia with the SARS epidemic (1). People try to make comparisons today, but at the time China had just joined the WTO, while today it is the second largest economy in the world, representing ...
The Challenge of Complexity
CEOs are increasingly important figures of reference in our society. In today’s increasingly complex political and economic context, their role is not so much to reduce that complexity, but to manage it and explore the possibilities of what does not yet exist. In this scenario, CEOs are thus asked to express a new way of thinking, a new mindset. CEOs are increasingly important figures of reference in our society. As illustrated annually by the Edelman report, trust in their regard is not only very high (76 percent of the population), but is constantly increasing (+11 points compared to 2018) ...
Coronavirus: What Beijing Isn't Saying
Almost three thousand cases in 16 countries and over 80 deaths. (1) 16 cities under quarantine, for a total of approximately 56 million people cordoned off (slightly less than the total of the Italian population, to get an idea). In Wuhan there are complaints of empty supermarkets (2) retail prices that have tripled, face masks and disinfectants now impossible to find, overflowing hospitals (3), and insufficient beds and medical personnel. And while state TV celebrates the figure of Liang Wudong, the retired doctor called back to face the emergency, who was infected and died "on the field," social ...
Coronavirus: What Beijing Isn't Saying
Almost three thousand cases in 16 countries and over 80 deaths. (1) 16 cities under quarantine, for a total of approximately 56 million people cordoned off (slightly less than the total of the Italian population, to get an idea). In Wuhan there are complaints of empty supermarkets (2) retail prices that have tripled, face masks and disinfectants now impossible to find, overflowing hospitals (3), and insufficient beds and medical personnel. And while state TV celebrates the figure of Liang Wudong, the retired doctor called back to face the emergency, who was infected and died "on the field," social ...
Capitalism and entrepreneurship
The Focus of this issue of E&M collects a series of speeches started from the article of Prof. Franco Amatori, Full Professor of Economic History at Bocconi University, on the birth and characteristics of European capitalism. Discussing this issue are important names in Italian economics such as Prof. Francesco Giavazzi (Full Professor of Political Economics at Bocconi University), Luca Paolazzi (Partner at REF Ricerche) and Edoardo Reviglio (Chief Economist and Head of Economic and Statistical Research at the Cassa Depositi e Prestiti-CDP). Here is a brief extract from the contribution of Prof. ...
Culture as a Business Tool
What is the relationship between businesses and cultural value? How can the latter increase the competitiveness of the former? And what tools can be used to invest in and develop the cultural sector? Economics and culture are only apparently different worlds. If on the one hand there is the business sector, with the aim of achieving financial results, on the other there is culture, with its multiple declinations in terms of identity, history, artistic expression, creative atmosphere, and social sustainability, that can act as an irreplaceable factor of growth and sustainable development for businesses ...
How Business Culture Changes with Technology
We are living in times of great, rapid transformation. In every area we see that people live, work, seek entertainment and consume goods and services with methods and tools that are increasingly different from those of the past. We see the world changing at an unprecedented speed. The digitization of many sectors, the use of artificial intelligence, robotization, and the frequent birth of startups are phenomena that have now become normal, and naturally lead to accelerations and changes in all fields, even in the most consolidated and traditional sectors. This is a process that we cannot stop ...
Brexit 2.0: The Chickens Come Home to Roost
Has something really changed for Brexit after Boris Johnson’s triumph in the recent British parliamentary elections? It certainly seems that way, but not for the reasons many people believe, that is, that clarity has finally been reached on the will of the people, who’s in charge in a democracy, and what type of Brexit we can expect. Boris Johnson’s Conservatives won the elections, with an 80-seat majority (their largest majority since 1987) thanks to 43.6 percent of the vote (the highest percentage of any party since 1979). With that majority Johnson will no longer have to duel with a largely ...