By Professor Dr. Annavajhula J.C. Bose at the Department of Economics, SRCC How do firms create value? We need to know the strategies and operating practices of firms in this regard. This is the concern, inter alia, of the Microeconomics of Competitiveness course at Harvard, developed by the celebrity professor Michael Porter and the staff [...]
By Haritha K, Deputy Editor Chile is one of the wealthiest, most stable economies in South America. But to understand how Chile got here, how it became the envy of neighbouring countries - you have to know the story of a group of Chilean students who came to study economics at the University of Chicago. [...]
By Mita Chaturvedi, Deputy Editor The Cobra Effect, in economics, refers to a situation when an intended solution to a problem only worsens the problem. How the term came to be? Time for a backstory: The Cobra Effect finds its roots in Delhi, India- during the epoch of British rule in the Indian subcontinent. Delhi [...]
By Adhish Majumdar (IIT-D) & Naina Khurana (Miranda House) This article is also available here. Often hailed as a solution to rising pollution in the urban areas, the adoption and use of Electric Vehicles is rising steadily across the world. Backed by technological advancements and government subsidies, an increasing number of vehicle manufacturers are entering [...]
via The Economist. McDonald’s is everywhere. Around the world, there are more than 36000 locations in 119 different countries. One of the defining characteristics of McDonald’s is its commitment to consistency across the brand. While there are regional differences to their menus such as kiwi burger in New Zealand or Chicken Kanji in Indonesia, the [...]
By Bharati J Krishnan, Junior Editor A local Municipal officer proudly pointing to the Itaipu Hydroelectric Power plant which endangers the livelihood of the indigenous people of the Amazon The Bolsonaro wave excites the farmers of Itiatuba, one of the most important socioeconomic centers in Brazil. They don't have the luxury to care about the [...]
The “men’s underwear index (MUI)” is an established index to study the state of an economy. Originally conceived by the Fed Chairman Alan Greenspan in the late 1970s, the index suggests that a decline in men’s underwear sales hints at a poorer state of an economy. Understanding the MUI Understanding this fairly unconventional economic indicator [...]
We are indeed living in transformative times. British society is changing, and Birmingham alone is an apt microcosm of that society. By Matthew Bruce, University of Birmingham Here, in 2019, the city is a rich tapestry of people from different backgrounds speaking different languages. Such is the cultural representation that it is perhaps no surprise [...]
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