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  • All HBS Web  (1,633)
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    • Research  (1,059)
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  • All HBS Web  (1,633)
    • News  (323)
    • Research  (1,059)
    • Events  (10)
    • Multimedia  (27)
  • Faculty Publications  (642)
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  • May 2020 (Revised March 2022)
  • Case

The Coronavirus (COVID-19) Pandemic and the Global Economy (A)

By: Alberto Cavallo and Christian Godwin
In April 2020, the world struggled to contain the exponential escalation of the coronavirus (COVID-19) pandemic. Dozens of countries had imposed restrictions on travel, work, and social gatherings. A large share of the global population was under lockdowns and... View Details
Keywords: COVID-19 Pandemic; Demand and Consumers; Supply and Industry; Finance; Central Banking; Financial Markets; International Finance; Globalization; Government and Politics; Health Pandemics; Decision Making; Macroeconomics; Employment; Crisis Management; Supply Chain; Risk and Uncertainty; Air Transportation Industry; Banking Industry; Consumer Products Industry; Employment Industry; Financial Services Industry; Food and Beverage Industry; Health Industry; Medical Devices and Supplies Industry; Pharmaceutical Industry; Public Administration Industry; Retail Industry; Service Industry; Shipping Industry; Tourism Industry; Travel Industry; Asia; China; Europe; Latin America; Africa; United States
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Cavallo, Alberto, and Christian Godwin. "The Coronavirus (COVID-19) Pandemic and the Global Economy (A)." Harvard Business School Case 720-031, May 2020. (Revised March 2022.)
  • 2023
  • Book

Suharto's Cold War: Indonesia, Southeast Asia, and the World

By: Mattias Fibiger
After the murder of senior generals in the Indonesian army by elements of the country's communist party in 1965, General Suharto orchestrated the mass killing of some half a million leftists and fellow travelers. But his ambitions spanned far beyond perpetrating a... View Details
Keywords: Indonesia; Cold War; Political Economy; Foreign Aid; International Investment; International Relations; International Finance; History; War; Economic Systems; Government and Politics; Indonesia; Southeast Asia
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Fibiger, Mattias. Suharto's Cold War: Indonesia, Southeast Asia, and the World. New York: Oxford University Press, 2023.
  • January 1984 (Revised April 1993)
  • Background Note

Introduction to U.S. Political Economy: Antecedents to the New Deal

Provides background information on developments in the U.S. economy and policy over several decades preceding the Hoover Administration. View Details
Keywords: Policy; Macroeconomics; United States
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Encarnation, Dennis J., III. "Introduction to U.S. Political Economy: Antecedents to the New Deal." Harvard Business School Background Note 384-160, January 1984. (Revised April 1993.)
  • 08 Jun 2019
  • Working Paper Summaries

The Gift of Global Talent: Innovation Policy and the Economy

Keywords: by William R. Kerr
  • 1994
  • Chapter

Traditions of Centrality, Authority and Management in Modern China's Foreign Relations

By: William C. Kirby
Keywords: History; Governance Controls; International Relations; Policy; China
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Kirby, William C. "Traditions of Centrality, Authority and Management in Modern China's Foreign Relations." In Ideas and Interpretations in Chinese Foreign Policy, edited by David Shambaugh and Thomas Robinson, 13–30. New York and London: Oxford University Press, 1994.
  • 2024
  • Article

Technological Adoption and Taxation: The Case of China's Golden Tax Reform

By: Haichao Fan, Yu Liu, Nancy Qian and Jaya Y. Wen
This paper investigates the effect of Phase 2 of the Golden Tax Project on VAT in China. The reform introduced computer-generated invoices and electronic transaction linking. Using a difference-in-differences strategy, we show that the reform increased VAT by reducing... View Details
Keywords: Taxation; Governing Rules, Regulations, and Reforms; Technological Innovation; Economic Growth; China
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Fan, Haichao, Yu Liu, Nancy Qian, and Jaya Y. Wen. "Technological Adoption and Taxation: The Case of China's Golden Tax Reform." Tax Policy and the Economy 38 (2024): 101–122.
  • 11 Mar 2009
  • HBS Case

The Energy Politics of Russia vs. Ukraine

state to ownership (with 50.002 percent), and Gazprom's strategy for becoming a global energy company, mainly through acquisition and partnerships. “Russia needs the money. It can't scare away its customers.” The learning objectives of the case focus on how View Details
Keywords: by Garry Emmons; Energy; Utilities
  • February 2019 (Revised March 2022)
  • Case

Mexico: Shifting Left with AMLO

By: Richard H.K. Vietor
Andrés Manuel López Obrador became president of Mexico on December 1, 2018. His election, and the victory of his new Party, MORENA, represent a sharp shift to the left by Mexico’s political system. Previously, President Peña Nieto and his party, the PRI, had initiated... View Details
Keywords: Political Economy; Pacto; Institutional Reform; Nationalism; Energy Reform; Government and Politics; Governing Rules, Regulations, and Reforms; Economic Growth; International Relations; Mexico
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Vietor, Richard H.K. "Mexico: Shifting Left with AMLO." Harvard Business School Case 719-051, February 2019. (Revised March 2022.)
  • December 14, 2017
  • Editorial

Resolving DACA Will Modernize the American Economy

By: Gerald Chertavian
Keywords: Economy; Immigration; Government Legislation
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Chertavian, Gerald. "Resolving DACA Will Modernize the American Economy." Morning Consult (December 14, 2017).
  • June 2013 (Revised August 2014)
  • Case

Ayala Corporation & the Philippines: Asset Allocation in a Growing Economy (A)

By: Eric Werker, Yasmin Mandviwala, Henry Motte-Munoz and Arthur Wit
While the Philippines are located in the vicinity of many of the "Asian Tigers," its development has followed a unique path. The country suffered for years under a dictatorial political regime and protectionist economic policies. Remittances were the largest source of... View Details
Keywords: Asset Allocation; Assets; Business Conglomerates; Philippines
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Werker, Eric, Yasmin Mandviwala, Henry Motte-Munoz, and Arthur Wit. "Ayala Corporation & the Philippines: Asset Allocation in a Growing Economy (A)." Harvard Business School Case 713-093, June 2013. (Revised August 2014.)
  • 25 Mar 2013
  • Research & Ideas

How Chapter 11 Saved the US Economy

changes that have revolutionized their use in practice. He contends that both serve the US economy by helping troubled companies stay viable by giving them time to find new financing, renegotiate unfavorable leases and supply contracts,... View Details
Keywords: by Kim Girard; Financial Services
  • Research Summary

Overview

My research aims to understand how prosperity is created in poor countries. My first “chapter” in this larger quest has focused on how rich-country actors have managed to be a force for change in poor-country economies. I have investigated the various attempts of... View Details
Keywords: Foreign Aid; Africa; Private Sector Development; Economic Development; Political Economy; Fragile States; Governance; Private Sector; Emerging Markets; Development Economics; Non-Governmental Organizations; Natural Disasters; Africa; Liberia
  • May 2010
  • Article

Elections and Discretionary Accruals: Evidence from 2004

By: Karthik Ramanna and Sugata Roychowdhury
We examine the accrual choices of outsourcing firms with links to U.S. congressional candidates during the 2004 elections, when corporate outsourcing was a major campaign issue. We find that politically connected firms with more extensive outsourcing activities have... View Details
Keywords: Political Economy; Accounting Information; Accruals Management; Campaign Contributions; Discretionary Accruals; Election Outcomes; Political Currency; Political Process; Social Issues; Political Elections; Job Cuts and Outsourcing; Motivation and Incentives; Earnings Management; Welfare; United States
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Ramanna, Karthik, and Sugata Roychowdhury. "Elections and Discretionary Accruals: Evidence from 2004." Journal of Accounting Research 48, no. 2 (May 2010): 445–475. (Solicited for presentation at the 2009 Journal of Accounting Research Conference.)
  • 2025
  • Working Paper

Global Harms, Local Profits: How the Uneven Costs of Natural Disasters Affect Support for Green Political Platforms

By: Silvia Pianta and Paula Rettl
Large-scale fires are becoming increasingly common due to climate change. While conventional wisdom suggests that firsthand experiences with natural disasters foster green coalitions by raising awareness of environmental degradation, we propose an alternative... View Details
Keywords: Climate Impact; Politics; Environmental Issues; Environmental Protection; Economic Analysis; Economic Behavior; Economic Geography; Economy; Economics; Climate Change; Environmental Management; Political Elections; Natural Disasters; Green Technology; Environmental Sustainability; Latin America; Brazil
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Pianta, Silvia, and Paula Rettl. "Global Harms, Local Profits: How the Uneven Costs of Natural Disasters Affect Support for Green Political Platforms." Harvard Business School Working Paper, No. 24-023, September 2023. (Revised June 2025.)
  • 2025
  • Working Paper

How Do Voters Respond to Cues by Charismatic Leaders? Evidence from Brazil

By: Paula Rettl
While elite-cue effects on public opinion are well-documented, questions remain as to when and why voters use elite cues to inform their opinions and behaviors. This study contributes to answer these questions by testing whether voters react to cues by charismatic... View Details
Keywords: Elites; Public Engagement; Politics; Political Affiliation; Political Campaigns; Political Influence; Political Leadership; Political Economy; Survey Research; COVID-19; COVID-19 Pandemic; COVID; Cognitive Psychology; Cognitive Biases; Political Elections; Voting; Power and Influence; Identity; Behavior; Latin America; Brazil
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Rettl, Paula. "How Do Voters Respond to Cues by Charismatic Leaders? Evidence from Brazil." Harvard Business School Working Paper, No. 24-022, October 2023. (Revised June 2025.)
  • December 2017 (Revised January 2025)
  • Course Overview Note

Business, Government, and the International Economy (BGIE)

By: Matthew Weinzierl, Sophus A. Reinert and Alberto Cavallo
Keywords: Business and Government Relations; International Relations; Trade
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Weinzierl, Matthew, Sophus A. Reinert, and Alberto Cavallo. "Business, Government, and the International Economy (BGIE)." Harvard Business School Course Overview Note 718-033, December 2017. (Revised January 2025.)
  • February 2015
  • Article

On the Ethnic Origins of African Development: Traditional Chiefs and Pre-Colonial Political Centralization

By: Stelios Michalopoulos and Elias Papaioannou
We report on recent findings of a fruitful research agenda that explores the importance of ethnic-specific traits in shaping African development. First, using recent surveys from Sub-Saharan African countries, we document that individuals identify with their ethnic... View Details
Keywords: Ethnicity; Development Economics; Government and Politics; Africa
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Michalopoulos, Stelios, and Elias Papaioannou. "On the Ethnic Origins of African Development: Traditional Chiefs and Pre-Colonial Political Centralization." Academy of Management Perspectives 29, no. 1 (February 2015): 32–71.
  • 25 Sep 2017
  • Research & Ideas

Why Politics is Failing America, and What Business Can Do To Help

Source: Delpixart There’s a general consensus that Washington is “broken.” But the reason politics doesn’t seem to deliver for citizens anymore may not involve who’s in the White House, which party controls Congress, or even any inherent... View Details
Keywords: by Christina Pazzanese, Harvard Gazette
  • 2017
  • Working Paper

Elite Ideas and Incremental Policy Change: The Expansion of Primary Education in India

By: Akshay Mangla
This paper analyzes India’s recent enactment of universal primary education. Given the clientelistic features of Indian democracy, this programmatic policy change presents a puzzle. Drawing on interviews and official documents, I find that committed state elites... View Details
Keywords: India; Political Economy; Ideas; Institutional Change; Education; Change Management; India
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Mangla, Akshay. "Elite Ideas and Incremental Policy Change: The Expansion of Primary Education in India." Harvard Business School Working Paper, No. 17-077, February 2017.
  • September 2022
  • Article

Energy Innovation Funding and Institutions in Major Economies

By: Jonas Meckling, Clara Galeazzi, Esther Shears, Tong Xu and Laura Diaz Anadon
Accelerating energy innovation for decarbonization hinges on public investment in research, development and demonstration (RD&D). Here we examine the evolution and variation of public energy RD&D funding and institutions and associated drivers across eight major... View Details
Keywords: Research and Development; Innovation and Invention; Energy Policy; Government Legislation; Energy Sources
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Meckling, Jonas, Clara Galeazzi, Esther Shears, Tong Xu, and Laura Diaz Anadon. "Energy Innovation Funding and Institutions in Major Economies." Nature Energy 7, no. 9 (September 2022): 876–885.
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