China is one of the biggest player in the world economy: with its 1,3 billion citizens and the astonishing rate of growth (although it's peace is slowing) represent an enormous market. Also, Chinese are willing to pay up to 30% more on foreign products because of their quality (comparative advantage). So, what do we need … Continue reading Doing business in China
All these models give us a comprehensive and useful set of tools to evaluate and understand not only other cultures, but also our own. As Pellegrino Ricardi said in this TED talk, across borders culture is not about pointing differences but extending your own borders: that's a global mindset.
A simple and clear comparison between the German and USA economy, by The Infographics Show: https://www.youtube.com/watch?v=nCHwcKib5J8 Plus, we can look at the differences between the two international trade systems: German is a neomercantilist country, which means it overstretches the importance of domestic income and employment at the expenses of free exchanges, emphasizing trade restrictions and … Continue reading Germany and US economy face to face
The last year the Nobel Prize has been assigned to: Richard H. Thaler University of Chicago, IL, USA "for his contributions to behavioural economics" Thaler is one of the funders of behavioural economics, and futhermore behavioral finance, fields in a great expansions in the last decade. He is a professor at the University of Chicago, and … Continue reading Richard H. Thaler, the 2017 Nobel Prize
Living in a democracy, we are used to think that our votes can really make a difference. But votes can mean nothing without the proper electoral system: often the way we add votes together can really change the final result, it's enough to think at the controversial result of the recent USA elections. Since political … Continue reading The paradox of democracy
In the last twelve months Bitcoin has surged as one of the most known instruments on financial markets worldwide, raising in value from $700 on the dollar in November 2016 to more than $10,000 exactly one year later. Bitcoin is a cryptocurrency, that is, a digital or virtual currency, wholly without a physical presence. A … Continue reading The bubble of the decade? Cryptocurrencies
It has been called Adpocalipse 2.0, referring to the previous case: big companies are leaving YouTube , not paying anymore for sponsoring their products on the website. The last time this was due to some doubts (then revealed ill funded) that the advertising was giving profits to Isis supporters. Now , it has been discovered that … Continue reading How ads can change the online market