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  • 22 Aug 2005
  • Research & Ideas

Restoring a Global Economy, 1950–1980

property rights of international investors. Even in the developed countries, receptivity towards multinationals fell. In Europe and the United States, whole sectors were closed to foreign companies. The Japanese View Details
Keywords: by Geoffrey Jones
  • January 2021 (Revised August 2021)
  • Case

ByteDance: TikTok and the Trials of Going Viral

By: William C. Kirby and John P. McHugh
In 2020, TikTok became the most valuable start-up ever. The short-form, video-sharing social media platform emerged as the crown jewel of the Chinese technology firm ByteDance, realizing 850 million monthly users and an estimated worth of $180 billion. However, a... View Details
Keywords: China; Technology; Startup; Start-up; International Strategy; Global Strategy And Leadership; Innovation; Political Risk; Regulations; Trump; Foreign Policy; Foreign Investment; Chinese Internet Market; Global Strategy; Crisis Management; Risk and Uncertainty; Entrepreneurship; Globalized Economies and Regions; Government Legislation; Innovation and Management; Governing Rules, Regulations, and Reforms; Internet and the Web; Social Media; Technology Industry; China; United States
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Kirby, William C., and John P. McHugh. "ByteDance: TikTok and the Trials of Going Viral." Harvard Business School Case 321-110, January 2021. (Revised August 2021.)
  • Research Summary

Capital Controls, Risk and Liberalization Cycles (joint with Fabio Kanczuk)

By: Laura Alfaro
We construct an Overlapping-Generations model where agents vote on whether to open or close the economy to international capital flows. Political decisions are shaped by the risk over capital and labor returns. In an open economy, the capitalists (old) completely hedge... View Details
  • February 1997 (Revised October 2002)
  • Case

Mexico (C): Reform and Crisis, 1987-1995

By: Huw Pill
Describes the evolution of the Mexican economy and its relation with the international capital markets in the period leading up to the Peso crisis of December 1994. Emphasizes the role of "Washington consensus" policies in stimulating the inflows, and the inability of... View Details
Keywords: Globalized Economies and Regions; Capital Markets; Financial Crisis; Macroeconomics; Mexico
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Pill, Huw. "Mexico (C): Reform and Crisis, 1987-1995." Harvard Business School Case 797-050, February 1997. (Revised October 2002.)
  • June 2002 (Revised October 2002)
  • Case

Mexico: The Tequila Crisis 1994-1995

By: Huw Pill
Describes the evolution of the Mexican economy and its relation to the international capital markets in the period leading up to the Peso crisis of December 1994. Emphasizes the role of "Washington consensus" policies in stimulating the inflows and the inability of the... View Details
Keywords: Capital Markets; Macroeconomics; Mexico
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Pill, Huw. "Mexico: The Tequila Crisis 1994-1995." Harvard Business School Case 702-093, June 2002. (Revised October 2002.)
  • January 2022
  • Technical Note

BGIE Macro Data Repository

By: Alberto Cavallo
This technical note describes an up-to-date data repository containing balance of payment, exchange rate, and aggregate macroeconomic data in a standard format used by case studies written by members of the Business, Government & the International Economy (BGIE) group... View Details
Keywords: Macroeconomics
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Cavallo, Alberto. "BGIE Macro Data Repository." Harvard Business School Technical Note 722-037, January 2022. (Access the Data Repository here: https://sites.harvard.edu/bgie-data/.)
  • October 29, 2011
  • Other Article

Upstream Sovereigns

By: Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych
With all the focus on Europe, it is easy to ignore the argument that global imbalances remain a drag on economic recovery. This column decomposes international capital flows into public and private components and claims that upstream flows from emerging to advanced... View Details
Keywords: Globalized Economies and Regions; Business Cycles; Balance and Stability; Capital; Developing Countries and Economies
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Alfaro, Laura, Sebnem Kalemli-Ozcan, and Vadym Volosovych. "Upstream Sovereigns." Vox, CEPR Policy Portal (October 29, 2011).
  • 31 May 2022
  • Cold Call Podcast

Corruption: New Insights for Fighting an Age-Old Business Problem

Keywords: Re: Tarun Khanna & Geoffrey G. Jones
  • December 1982 (Revised June 1993)
  • Background Note

Economics: An Introduction and Vocabulary

Introduces students to some general tools of economics that will be useful in analyzing macroeconomic performance in a course on business, government, and the international economy. The four sections are: 1) the economy as a circular flow, 2) supply and demand, 3)... View Details
Keywords: Macroeconomics
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Rukstad, Michael G. "Economics: An Introduction and Vocabulary." Harvard Business School Background Note 383-079, December 1982. (Revised June 1993.)
  • January 2007
  • Background Note

Choosing Corporate and Global Scope

By: Mikolaj Jan Piskorski
Introduces students to the study of corporate strategy, while providing an overview framework for understanding international strategy. Focuses on questions of scope and ownership. Examines both horizontal and vertical integration. Underscores the point that economies... View Details
Keywords: Economics; Investment; Framework; Global Strategy; Ownership; Corporate Strategy; Horizontal Integration; Vertical Integration
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Piskorski, Mikolaj Jan. "Choosing Corporate and Global Scope." Harvard Business School Background Note 707-496, January 2007.
  • 18 Jun 2024
  • Research & Ideas

Central Banks Missed Inflation Red Flags. This Pricing Model Could Help.

shock to supplier prices—caused by international crises—impacts consumers using data from PriceStats, which scrapes retailer websites in real time. The authors tracked food and beverages, one of the biggest categories in the US Consumer... View Details
Keywords: by Rachel Layne; Financial Services; Banking
  • October 2020 (Revised March 2022)
  • Case

Automercados Plaza's: Surviving Venezuela's Hyperinflation

By: Alberto Cavallo, Mariana Cal and Carla Larangeira
Under the rule of presidents Hugo Chávez and Nicolas Maduro, Venezuela experienced one of the worst economic and political meltdowns in modern history, culminating with a massive hyperinflation. Remarkably, during this dramatic times Automercados Plaza's had grown to... View Details
Keywords: Hyperinflation; Populism; Inflation and Deflation; Macroeconomics; Management; Strategy; Organizational Change and Adaptation; Business and Government Relations; Retail Industry; South America; Venezuela
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Cavallo, Alberto, Mariana Cal, and Carla Larangeira. "Automercados Plaza's: Surviving Venezuela's Hyperinflation." Harvard Business School Case 721-014, October 2020. (Revised March 2022.)
  • 07 Oct 2010
  • Working Paper Summaries

The Profits of Power: Commercial Realpolitik in Eurasia

Keywords: by Rawi E. Abdelal; Energy; Utilities
  • 08 Feb 2000
  • Research & Ideas

Building Effective R&D Capabilities Abroad

World View: Global Strategies for the New Economy is a collection of Harvard Business Review articles edited by Jeffery E. Garten, Dean of the Yale School of Management. At the dawn of the new century, says Garten, "globalization has... View Details
Keywords: by Walter Kuemmerle
  • June 1994 (Revised March 1995)
  • Case

Swissair's Alliances (A)

By: David B. Yoffie
Swissair established two alliance networks in 1989 in order to improve its competitiveness. In order to evaluate the benefits of the alliances, Swissair's history, products, and cost structure are described, as is the international airline industry and the major... View Details
Keywords: Alliances; Competitive Strategy; Globalization; Air Transportation Industry
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Yoffie, David B. "Swissair's Alliances (A)." Harvard Business School Case 794-152, June 1994. (Revised March 1995.)
  • June 1991 (Revised June 1993)
  • Background Note

The Decline of the British Cotton Industry (Abridged)

Supplements the general argument concerning the decline of the British economy by showing how vertical specialization, horizontal competition, and entrenched job control combined to create incentives for management to adapt to changing international conditions by... View Details
Keywords: Technology; Business Cycles; Organizational Structure; Consumer Products Industry; Great Britain
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McCraw, Thomas K. "The Decline of the British Cotton Industry (Abridged)." Harvard Business School Background Note 391-253, June 1991. (Revised June 1993.)
  • January 2018 (Revised September 2021)
  • Case

Saudi Arabia: Vision 2030

By: Richard H.K. Vietor and Haviland Sheldahl-Thomason
Saudi Arabia’s King Salman faces several challenges, both domestic and foreign. Domestically, he needs to build the country’s economy to accommodate a "youth bulge" while balancing between liberals and conservatives. And he needs to diversify the economy away from its... View Details
Keywords: Strategic Planning; Economy; Demographics; Diversification; Government and Politics; International Relations; Saudi Arabia
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Vietor, Richard H.K., and Haviland Sheldahl-Thomason. "Saudi Arabia: Vision 2030." Harvard Business School Case 718-034, January 2018. (Revised September 2021.)
  • February 2003 (Revised May 2008)
  • Case

AFP Provida

By: Michael E. Porter, Arturo L. Condo and Andrea Prado
Describes the evolution of AFP Provida, one of the early entrants into the Chilean pension fund system established in 1981. By 1999, AFP Provida was not only the largest pension fund administrator in Chile, but also the largest in Latin America in terms of number of... View Details
Keywords: Developing Countries and Economies; Globalized Firms and Management; Industry Clusters; Competitive Advantage; Expansion; Financial Services Industry; Chile
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Porter, Michael E., Arturo L. Condo, and Andrea Prado. "AFP Provida." Harvard Business School Case 703-424, February 2003. (Revised May 2008.)
  • February 2011
  • Module Note

Business Cycles and the New Challenges of Globalization

By: Diego A. Comin
Business Cycles and the New Challenges of Globalization is one of the core modules in Business Government and the International Economy (BGIE), a course for the required curriculum of the Harvard Business School. BGIE teaches the economic, political and historical... View Details
Keywords: Fluctuation; Business Cycles; Trade; Business Education; Curriculum and Courses; Capital; Cash Flow; Globalization; Problems and Challenges; China
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Comin, Diego A. "Business Cycles and the New Challenges of Globalization." Harvard Business School Module Note 711-064, February 2011.
  • 2006
  • Article

The End of Nationality? Global Firms and 'Borderless Worlds'

By: G. Jones
This article provides a historical perspective to current debates whether large global firms are becoming "stateless" and whether this is a historically new phenomenon. It shows that a great deal of international business in the nineteenth century was not easily fitted... View Details
Keywords: Business Subsidiaries; Multinational Firms and Management; Trade; Ownership; International Finance; Economic Systems; International Accounting; Globalized Economies and Regions; Geographic Location; Nationality; Boundaries; Global Strategy
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Jones, G. "The End of Nationality? Global Firms and 'Borderless Worlds'." Zeitschrift für Unternehmensgeschichte 51, no. 2 (2006): 149–166.
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