Research analysis by faculty in Indiana University's Kelley School of Business and two other schools found that a moderate level of piracy can have a positive impact on the bottom line for both the manufacturer and the retailer -- and not at the expense of consumers. Such a win-win-win situation is not only good for the supply chain but is also beneficial for the overall economy. They suggest that businesses, government and consumers rethink the value of anti-piracy enforcement, which can be quite costly, and consider taking a moderate approach.
Public health protection and cost savings are often used as reasons to restrict migrants' access to health care, or to deny them entry. Yet, as the new UCL-Lancet Commission on Migration and Health lays out with new international data and analysis, the most common myths about migration and health are not supported by the available evidence and ignore the important contribution of migration to global economies.
Digital technology is separating the citizens in all societies into two groups: the watchers (invisible, unknown and unaccountable) and the watched. Nearly every product or service that begins with the word “smart” or “personalised”, every internet-enabled device, every “digital assistant”, is simply a supply-chain interface for the unobstructed flow of behavioural data on its way to predicting our futures in a surveillance economy.
Education can be leveraged to help enhance an individual's economic decision-making quality or economic rationality.
In the Chinese city of Hengyang, we find a fatigued, disposable workforce assembling gadgets for Amazon, owned by the world’s richest man.
Far from being a drain on an economy, immigrants are actually an engine that helps drive innovation and growth—and could even become more vital to global competitiveness in the future.
Many people in the U.S. still struggle to pay bills — even for something as basic as food.
One in five American teachers now works a second job on top of full-time teaching.
The surging price of vanilla on global markets is connected to village crime and forest destruction. A more-than-tenfold surge in the value of the spice over the past five years has aroused dangerous passions.
Any country not under economic attack from the US will soon be the exception.
Some startups have worked out it’s cheaper and easier to get humans to behave like robots than it is to get machines to behave like humans.
Robots are handling more and more aspects of everyday life in Chinese cities.
The west’s leading economic thinktank has warned its members that they are failing to prepare workers for an automation revolution that will leave 66 million people at risk of being replaced by machines in the coming years.
Changes are coming, and we need to tell the truth and the whole truth. We need to find the jobs that AI can’t do and train people to do them. We need to reinvent education.
There is an optimal point to how much money it takes to make an individual happy, and that amount varies worldwide. After the optimal point of needs is met, people may be driven by desires such as pursuing more material gains and engaging in social comparisons, which could, ironically, lower well-being.
Willis Hawley and Reed Smoot have haunted Congress since the 1930s when they were the architects of the Smoot-Hawley tariff bill, among the most decried pieces of legislation in US history and a bill blamed by some for not only for triggering the Great Depression but also contributing to the start of the second world war.
Economic insecurity is ‘new normal’, with only 30% saying they live comfortably.
Report finds evidence of a “parenthood penalty”, which prevents parents from fulfilling their economic potential.
The way to scam Indians at such a scale, apparently, is to promise them jobs – the fulfilment of their most cherished dream. At least some of those responding to ads promising mass openings and unlimited incentives will end up landing a job – even if that job is just to scam other jobseekers.
As well as environmental degradation, soaring sand prices encourage corruption and spark conflicts within villages.