Publications

February 2010 (Revised March 2012)
Case

U.S. Healthcare Reform: International Perspectives

By: Arthur A. Daemmrich and Elia Cameron

The national economic implications of rising healthcare costs were poorly understood, even as the United States, Germany, and the United Kingdom instituted reforms in early 2010. Presenting opportunities for cross-national policy learning, this case describes the... View Details

Keywords: Macroeconomics; Insurance; Governing Rules, Regulations, and Reforms; Health Care and Treatment; Laws and Statutes; Business and Government Relations; Health Industry; Public Administration Industry; Germany; United Kingdom; United States

March 2009 (Revised June 2012)
Case

Denmark: Globalization and the Welfare State

By: Arthur A. Daemmrich and Benjamin Kramarz

This case describes how Denmark has balanced the impacts of globalization, including outsourcing and movement of labor, with its social welfare offerings. Reforms implemented during the past two decades drove down unemployment, promoted new company formation, and put... View Details

Keywords: Macroeconomics; Trade; Globalized Economies and Regions; Governing Rules, Regulations, and Reforms; Job Cuts and Outsourcing; Employment; Welfare or Wellbeing; Denmark

22 Jun 2010
First Look

First Look: June 22

they evolved in response to macroeconomic shocks that affected the Brazilian economy during this period. Download the paper: http://www.hbs.edu/research/pdf/10-109.pdf The Mirroring Hypothesis: Theory, Evidence and Exceptions (revised)... View Details

Keywords: Martha Lagace

29 Jun 2007
First Look

First Look: June 29, 2007

leverages his many years of teaching experience at Harvard Business School to lay out important macroeconomic concepts in engaging, clear, and concise terms. In a simple and intuitive way, he breaks down the ideas into "output,"... View Details

Keywords: Martha Lagace

14 Mar 2017
First Look

First Look at New Research, March 14

https://www.hbs.edu/faculty/Pages/item.aspx?num=52379 March 2017 Politics & Society Land Institutions and Chinese Political Economy: Institutional Complementarities and Macroeconomic Management By: Rithmire, Meg Abstract—This article... View Details

Keywords: Sean Silverthorne

February 2002 (Revised February 2003)
Case

Argentina's Financial System: The Case of Banco de Galicia

By: Rafael M. Di Tella, Tarun Khanna, Huw Pill, Alexandra de Royere and Ingrid Vogel

Describes the development of Argentina's financial system after the "Tequila Crisis" that came about as a result of the speculative attack on the Mexican peso's peg to the U.S. dollar in December 1994. Although Argentina's banking system was strengthened overall due to... View Details

Keywords: Finance; Emerging Markets; Macroeconomics; Business Strategy; Banks and Banking; Financial Crisis; Family Business; Acquisition; Banking Industry; Argentina

09 Apr 2014
Research & Ideas

A Playbook for Small-Business Job Creation

government can work together to create jobs.” "We've made a lot of progress on the macroeconomic front: deficit reduction, balancing the budget, what the Fed is doing, and tax policy reform," says Mills. "But that doesn't... View Details

Keywords: by Carmen Nobel; Banking; Financial Services

01 Feb 2012
What Do You Think?

Is Support for Small Business Misplaced?

center of economic development can be held up as a possible antidote to macroeconomic stagnation. That's why a recent article by Charles Kenny caught my eye. Kenny, a fellow at the Center for Global Development and the New America... View Details

Keywords: by James Heskett

19 Mar 2007
Research & Ideas

Handicapping the Best Countries for Business

economy. Bad government can only lead to less competitive businesses. Q: What are you working on now? A: I am doing case development and heading our biggest required course, BGIE or Business, Government, and the International Economy. My next research project, however,... View Details

Keywords: by Sean Silverthorne

December 2001 (Revised February 2004)
Case

Argentina's Convertibility Plan

By: Rafael M. Di Tella and Ingrid Vogel

Describes the political and economic development in Argentina from 1989 to 1995, with a focus on the role of the currency board. Culminates in Argentine policy makers (Menem in particular) contemplating how to respond to the tequila crisis in the middle of 1995.... View Details

Keywords: Currency Exchange Rate; Government and Politics; Interest Rates; Balance and Stability; Developing Countries and Economies; Financial Crisis; Crisis Management; Policy; Currency; Macroeconomics; Argentina

02 Sep 2013
Research & Ideas

The Curse of Double-Digit Growth

Harvard's Center for International Development, has confidence that Liberia has the ability to strike a balance between growth and stability. Among the strengths working in its favor, he says, are transparency and macroeconomic stability.... View Details

Keywords: by Kim Girard

July 2020
Teaching Note

COVID-19: The Global Shutdown

By: Laura Alfaro and Sarah Jeong

In the first months of 2020, a pandemic overwhelmed the world. COVID-19, commonly known as the coronavirus, spread from China and created a severe public health emergency across countries. While an immediate fear of the disease’s impact on human life permeaacted... View Details

Keywords: COVID-19; Health Pandemics; Trade; Microeconomics; Macroeconomics; Financial Crisis; Economy; Policy; Governance; Economic Systems; Economic Slowdown and Stagnation; Economic Sectors

November 2002 (Revised June 2003)
Case

China's Rural Leap Forward

By: Bruce R. Scott and Jamie Matthews

Collectively owned township and village enterprises (TVEs) played a pivotal role in China's rapid growth during the 1980s and 1990s. Although they originated in the policies and institutions of the Maoist era, TVEs thrived only after Deng Xiaoping's economic reforms... View Details

Keywords: Business and Government Relations; Public Sector; Public Ownership; Development Economics; Governing Rules, Regulations, and Reforms; Macroeconomics; Emerging Markets; China

22 Jan 2007
Research & Ideas

The Immigrant Technologist: Studying Technology Transfer with China

sample to quantify correctly the overall importance of these networks. The Silicon Valley Chinese are a very special case, and my work seeks to understand the larger benefit these networks provide throughout the global economy. These View Details

Keywords: Re: William R. Kerr; Technology; Computer

25 Mar 2014
First Look

First Look: March 25

bonds to the stock market has moved considerably over time. While it was slightly positive on average in the period 1960-2011, it was unusually high in the 1980s and negative in the 2000s, a period during which Treasury bonds enabled investors to hedge View Details

Keywords: Sean Silverthorne

16 Aug 2016
First Look

August 16, 2016

firm’s net protection sellers. Capital fluctuations of sellers account for 10% of the time-series variation in spread changes, a significant amount given that observable firm and macroeconomic factors account for less than 16% of... View Details

Keywords: Sean Silverthorne

27 Jun 2007
Lessons from the Classroom

Learning to Make the Move to CEO

macroeconomic view of world regions so that participants have a clear sense of how various economic and sociopolitical factors will affect their businesses. The heart of the program, however, centers on strategy formation and... View Details

Keywords: by Julia Hanna; Education

November 2020 (Revised March 2023)
Teaching Note

Unrest in Chile

By: Vincent Pons, John Masko, Rafael Di Tella and William Mullins

In 2020, Chileans would head to the ballot box to decide their country’s future. Many international observers credited Chile’s decades of neoliberal governance with turning the country into Latin America’s “Tiger,” a prosperous, diversified economy on its way to... View Details

Keywords: Developing Countries and Economies; Macroeconomics; Economy; Political Elections; Public Opinion; Social Issues; Equality and Inequality; System Shocks; Chile; Latin America

2003
Other Unpublished Work

The Cluster Initiative Greenbook

By: Örjan Sölvell, Göran Lindqvist and Christian H.M. Ketels

After Michael Porter's seminal work on clusters and competitiveness published around 1990, cluster initiatives (CIs) have become a central feature of microeconomic policy around the world. CIs add a new dimension to traditional policy areas such as industrial... View Details

Keywords: Macroeconomics; Policy; Investment; Industry Clusters; Innovation and Invention; Developing Countries and Economies; Transition; Partners and Partnerships; Science