St. Gallen Symposium’s Post

The principles of Macroeconomics reveal that diversity is the key to a balanced wealth accumulation. Leading a diverse team is a step towards yielding a successful turnover for your business. Learn the basics: https://lnkd.in/eaGiREJe #Macroeconomics #DiversityMatters #WealthAccumulation #Leadership #BusinessSuccess #DiverseTeams #BalancedGrowth #InclusiveLeadership #TeamManagement #jorgesonville

How often do dictators have positive economic effects? Global evidence, 1858–2010 Stephanie Rizioa Ahmed Skalic The Leadership Quarterly 2020 Supposedly well-intentioned dictators are often cited as drivers of economic growth. We examine this claim in a panel of 133 countries from 1858 to 2010. Using annual data on economic growth, political regimes, and political leaders, we document a robust asymmetric pattern: growth-positive autocrats (autocrats whose countries experience larger-than-average growth) are found only as frequently as would be predicted by chance. In contrast, growth-negative autocrats are found significantly more frequently. Implementing regression discontinuity designs (RDD), we also examine local trends in the neighbourhood of the entry into power of growth-positive autocrats. We find that growth under supposedly growth-positive autocrats does not significantly differ from previous realizations of growth, suggesting that even the infrequent growth-positive autocrats largely “ride the wave” of previous success. On the other hand, our estimates reject the null hypothesis that growth-negative rulers have no effects. Taken together, our results cast serious doubt on the benevolent autocrat hypothesis. https://lnkd.in/eahKgqGr

CORTMA Insights on the Global Economic Outlook from McKinsey & Company's GEI Report for January 2024: The global economic outlook seems uncertain this year as data points towards a messy picture. https://lnkd.in/d9C32f7p However, there are some positives, such as strong growth in services and GDP growth in several surveyed economies. Stability can also be seen across multiple indicators, including unemployment. https://lnkd.in/dswHuMnh Unfortunately, this is offset by a subdued manufacturing environment, a decline in global trade flows, renewed uncertainties about supply chains (especially concerns over shipping via both the Red Sea and the Panama Canal), and lingering inflation. https://lnkd.in/dc83UYZx Stay informed and keep an eye on these trends as they continue to develop. ______ Follow our thinking At a glance: At Mactur, we provide advisory on Corporate Turnarounds: Operationalizing Restructurings and enterprise-wide Transformations. At CORTMA, we apply an entrepreneurial ecosystem-based approach to facilitate the lower mid-market (MSME) business transfer. Enjoy my insightful content curation, and thank you for letting me be a part of your reading world. ______ #Growth #Marketing #Technology #Ecosystems #Turnarounds #Management #Entrepreneurship #Economy #CortmaTranferOfSMEs #Sustainability #Resilience #Leadership

Ready to rethink markets? We're excited to announce that Topic 3: Markets has now been published online! Markets can be very effective at producing products, but they are not the only way, nor always the best way, to meet human needs and wants. It is important to remember that markets, and the businesses within them, are embedded in social and ecological systems and must support those systems for healthy economies that meet human needs within planetary boundaries. Yes - the new topic covers market basics, but it also provides a critical look at capitalism, market power and inequalities, and explores regenerative businesses. And - If you’ve ever wondered what it would look like to teach markets without the limiting, linear demand/supply and market structure models, now is your chance! As it turns out, using causal loops and feedback saves a lot of time and provides a more complex understanding of market dynamics. That freed-up time can be spent learning more about how markets are embedded in social and ecological systems, and considering how we might redesign businesses to meet human needs within planetary boundaries. We can’t wait to see what you’ll do with this! Read Topic 3: Markets: https://lnkd.in/eSs8riFD Erinch Sahan Kate Raworth Katy Shields Laura Haverkamp Our New Economy Partners for a New Economy Feline Tecklenburg Rethinking Economics Marco Dondi Stephan Panther d'Arcy Lunn Dr Kevin House, FCCT, FRSA NELA. Next Economy Lab Economists for Future Doughnut Economics Action Lab (DEAL) Louie Barnett Paul Vare Elsa Lee Alex Catallo Andrew Watson Julie Meltzer John Cannings Ralph Hall Carolina Escobar-Tello (she / her) Cameron Paterson Sigrid Stagl Claudia Hitaj Florian Bally-Rommel Laurence Myers Mason Pashia Sarah Kupke Suji DeHart David Bollier Alexandra Dache Jamie Agombar Economists for Future Wieneke Maris

BUSINESS FOR HUMANITY We are thrilled to announce our latest webcast: "Re-Inventing Capitalism!" In today's system, good businesses find themselves at a standstill—where neither CSR nor business ethics suffice. As Henry Mintzberg showed a long time ago green- und purpose-washers are well positioned to outcompete those companies which really seek to become better. And as Paul Adler explained: it's the (economic) system, stupid and not only the lack of morality. This begs the question: What might a better system resemble? Regrettably, as a business school professor, I must confess that our classes offer few answers; macroeconomics remains firmly entrenched in the neoclassical paradigm. Thus, there's an urgent need to broaden our perspective and amplify the voices of heterodox economists and beyond. 🎯 Our main goal is to introduce alternative economic systems and compare these ideas systematically. 🎯 Our target audience includes business school students, leaders, and the public with an openness and curiosity for the topic—anyone who desires to effect positive change within the system. 🎯 We've devised a format that fosters quick insights, abundant interaction, and the option for a deeper exploration. As always, for those eager learners, we will curate readings and additional materials on our website. So please spread the word! And for student organisations out there oikos St.Gallen Rethinking Economics St. Gallen Wellbeing Economy Alliance - WEAll AIESEC in St. Gallen we would love to partner 😊 . We are all in this together! Kees Klomp Otti Vogt Zora Zubler💡🌍 Coming 12th of March 16:00 CET. ChangeMakers Only! #ReinventCapitalism #businessforhumanity

Nobel Prize-winning economist Michael Spence's recent participation in The Times Group presents ET Now Global Business Summit 2024, held in Delhi from February 9th to 10th, 2024, brought forth illuminating perspectives on the contemporary economic landscape. In a session titled "Plan to Fix a Fractured World," moderated by abheek barua, Chief Economist of HDFC Bank, Spence delved into the prevailing complexities of our times. Contrary to reverting to past norms amidst global crises, Spence suggested that we are heading towards an unprecedented era. Highlighting India's potential for growth amidst global economic challenges, Spence emphasized its remarkable expansion at an extraordinary pace. However, he also expressed concerns about the impact of AI on jobs, suggesting a need for increased human involvement in its utilization rather than outright replacement. ET Edge  | The Economic Times | Subhajit Roy | Yash P. #gbs2024 #gbs #gbs24 #disruption  #development  #diversification 

What can we expect from the global economy this year? This INSEAD webinar identifies the short and long-term economic trends leaders must work with over the coming months. #webinar #2024 #economiclandscape #business https://lnkd.in/eSVnv2sj

#TopRanking: In a rapidly evolving global landscape, the economic powerhouses of the future are poised to reshape the world order. As we look ahead to 2050, several countries are emerging as the frontrunners in economic leadership. This article delves into the top 10 economic leaders of the future, highlighting their projected growth, key drivers, and the potential impact on the global economy. #Economics #LeadersofFuture #EconomicGrowth Read more: https://lnkd.in/gK3tis3R

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐢𝐬 𝐚𝐭 𝐚 𝐜𝐫𝐨𝐬𝐬𝐫𝐨𝐚𝐝𝐬. 𝐖𝐢𝐥𝐥 𝐲𝐨𝐮𝐫 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐛𝐞 𝐫𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐰𝐡𝐚𝐭’𝐬 𝐜𝐨𝐦𝐢𝐧𝐠? On the horizon are questions that could reshape your strategy in 2025. Gain exclusive insights with Antonio Fatas, Portuguese Council Chaired Professor of Economics at INSEAD, as he delves into critical topics: 🔍 Global Economy in 2025: Growth or Recession? What factors might tip the scale? ⚖️ China-West Tensions: Could these shape your market positioning? 📊 The Future of Growth: How will technology and demographics impact your industry? Don’t miss this opportunity to understand the forces that could transform your strategic path. ** November 7 @ 9.00 pm SGT Indicate your interest below (in the Comments section) to receive a registration link. #Economics #GlobalTrends #2025Outlook #Leadership #INSEAD #ERAGroup #𝕖𝕣𝕒𝔾𝕣𝕠𝕦𝕡𝕊𝕚𝕟𝕘𝕒𝕡𝕠𝕣𝕖 #𝔼𝕩𝕡𝕖𝕟𝕤𝕖ℝ𝕖𝕕𝕦𝕔𝕥𝕚𝕠𝕟𝔸𝕟𝕒𝕝𝕪𝕤𝕥𝕤𝕊𝕚𝕟𝕘𝕒𝕡𝕠𝕣𝕖 #expensereduction #costreduction #costoptimization #ProcessImprovement #profitoptimisation #profitablegrowth #illuminateopportunities #financialresilience #financialfreedom #BusinessResilience #BusinessSuccess #EntrepreneurialInsights #Entrepreneurship #FutureProofYourBusiness #StriveorThrive #painpoints #sustainability #sustainablebusiness #sustainablebusinessstrategies #TransformativeChange #CostOptimization #BusinessEfficiency

This week on TrendsTalk, ITR Economist Taylor St. Germain discusses how the global economy is performing compared to the US economy, and provides our global economic outlook for 2025. How should you be preparing your business for what is to come next year, and what are the potential challenges that lie ahead? Tune in to this episode to find out! https://hubs.la/Q02WNYrS0