The Motor Tycoon of The world

NewDeparturesTosecureapositionamongthetopglobalcompetitors,acompanyneedstobeabletoadaptswiftlytochangingcondi-nons.Thereisnoalternative.Businesses,processandstructuresmustberegularlyscreenedtoensuretheircontinuingfitnesstomeetever-changingchallenges.TheDaimler-BenzGrouprecentlyconductedacomprehensivereviewofitsbusinessportfolio,whichresultedinthePrevious35businessesbeingreducedto23.FOllowingthisstrategicrepositioning,Daimler-Benzisnowactiveinthefol-lowingfields:Passengercars,commercialvehi…     

The Budget-Making Process

Ｔｈｅｆｅｄｅｒａｌｂｕｄｇｅｔｐｒｏｖｉｄｅｓａｎａｎａｌｙ ｓｉｓｏｆｉｎｃｏｍｅｔｈａｔｉｓｅｘｐｅｃｔｅｄａｎｄａｄｅｔａｉｌｅｄｐｌａｎｏｆｓｐｅｎｄｉｎｇｆｏｒｔｈｅｆｏｒｔｈｃｏｍｉｎｇｙｅａｒ．ＩｔｉｓｐｒｅｐａｒｅｄｕｎｄｅｒｔｈｅｓｕｐｅｒｖｉｓｉｏｎｏｆｔｈｅＰｒｅｓｉｄｅｎｔ，ｔｈｅｎｓｕｂｍｉｔｔｅｄｔｏＣｏｎｇｒｅｓｓｆｏｒｍｏｄｉｆｉｃａｔｉｏｎａｎｄａｐｐｒｏｖａｌ．Ｔｈｅｂｕｄｇｅｔｉｓｅｎａｃｔｅｄｉｎｔｏｌａｗｔｏｌｅｇａｌｉｚｅｔｈｅｃｏｌｌｅｃｔｉｏｎｏ…     

The Bernanke Agenda

Cool,calm,and collected,Federal Reserve Chairman Ben Bernanke is driving Wall Street batty.When traders scream about a recessionary "credit crunch," the former professor acknowledges their concerns but predicts contin-     

The Technical City-Quebec

CapitaloftheProvinceofQuebec，whichrepresentsanareaof1522563km2withapopulationofonly7millionpeople,thecityofquebecisastrongtechnologicalcenter,withauniqueandextremelyrichhistoricalandculturalheritage,locatedinamodernenyironmentwithanexceptionalqualityoflife.DesignatedWorldHeritageSitebyUnesco,theCapitalofQuebecanditsirnmediatesurroundingsisoftenreferredtoasthemostEuropeanofNorthAmericancities,andreprescntsaprivilegedlocationfromwhiclionecaneasilyaccessthenortheasternpartoftheNorthAmericanc…     

The Quiets Americans

Since my daughter is graduatingfrom college today, I am thinking a lotabout the class of 2007 and the worldthey are about to enter. I'm not sure whatthey call this generation. Is it generation     

Market Structure And The Adoption Of Innovations: The Case Of The Spanish Banking Sector ‡

This paper is an empirical study of the determinants of adoption time for the teleprocess terminal by Spanish commercial and savings banks. The explanatory variables include the characteristics of the adopting firms, size, and in the case of the savings banks, the structure of the market and concentration. The results indicate that the speed of adoption is maximized at intermediate levels of size and market concentration, confirming one theoretical prediction of models of diffusion: namely, that adoption time is minimized at intermediate levels of market concentration.     

The simultaneity in human capital estimations： The case of China

Existing papers on human capital and growth in China has been using single equation estimations. This might cause a simultaneity bias if a two-way causality between the two variables exists. In this paper, the author performs vector autoregressive estimations using panel data on the number of graduates at each level of education as a proxy for human capital in China during 1991-2005. The results show that investment in human capital increases output per worker at all three levels of education. Regarding the effects of output per worker on the accumulation of human capital, the author finds mixed results with the primary-school graduates＇ benefits the most from increases in per capita output.     

The Next Big One

Where America is most vulnerable and how the nation canbetter manage the risks ahead Dr.Irwin E.Redlener is in Ba-ton Rouge La.,setting up mobilemedical units.He has been inLouisiana and Mississippi for manylong days helping people deal withthe horror of Hurricane Katrina,andhis voice is full of anger and despair.“The country is really just not pre-pared for a major catastrophicevent,”says Redlener.“Whatever itis—the Big One in San Francisco,aterrorist attack—it doesn’t matter.The…     

The Titan From Tucheng

Move over,Flextronics. For years,the Singapore giant claimed the top spotamong the contract man-ufacturers that churn out laptops,printers,cameras,and allmanner of electronic gadgets for the likes of Hewlett-Packard,Apple,and Dell.But a new champion is sweeping past Flextronics International Ltd.to claim the world title of No.1:Hon Hai Precision Industry Co.,alow-profile Taiwanese company based in the gritty Taipei suburb of Tucheng.In the cutthroat world of Tai-wan’s electronicsmaker…     

The Cost of Survival

Most corporations aren’t managed for change In the years of the late 1990s, no economic theorist looked better than Joseph Schumpeter, the Austrian champion of capitalism who died in 1950． His distinction﹖ A theory he called“creative destruction．” The idea was straightforward: in with the new, out with the old． Companies had life cycles, just as people do． They were born, they grew up． And when a better competitor came along, they died due to capital starvation． It was the way thi…     

The Danish Welfare State

TheDanishWelfareStatehasbeenanexampleofhowitispossibletocopewithmarketeconomies,technologicalandsocietaldevelopment,and,atthesametimeensureahighdegreeofequalityandpublicdeliveryofcentralwelfareissuesascareforchildren,elderlyandhealthcare.ThishasbeenpossibletoachievealsoatthesametimeensureahighlivingstandardandacontinuousgrowthintheDanishEconomy.HistoryoftheDanishWelfareState(Greve,2002)showsthatacorereasonforthishasbeenthehighdegreeofconsensusachievedamongcentralactorsinthewelfarestatesdeve…     

The Great Oil Hunt

For a sense of just how vast China’s energy needs are, take in the night views from the observation deck of Shanghai’s Oriental Pearl Tower. From that perch 263 meters above the city’s streets, you’ll see a spaghetti jumble of bright neon illu-minatin…     

The Analysis of Merging Strategies

The paper first analyzes the achievement of BOE＇s merging case and substantiates its success, then focuses on the strategy analysis of merger of the BOE, including the guidelines, merging way, strategic overall arrangement, culture conformity, financial guarantee etc., in a bid to offer valuable experience and reference function for the Chinese enterprises.     

The Merger Is the Message

Lastyearendedwithabangintelecom.Duringthefinalthreemonths,Cingularclosedits$41bil-lionacquisitionofAT&TWireless,andSprintannounceda$35billionmega-mergerwithNextelCommu-nications.Atatimewheninterestintraditionaltelecomcompaniesisasrareasrotaryphones,mergersareasignoftheprofoundchangesafoot.“Thesekindsofdealscreateenor-mousopportunitiestorethinkthewholetelecomsector,”saysacon-sultant.Bybulkingupandbearingdown,companiesaresparkinginno-vationsthatwilltransformcommu-nication.Wirelessvoicecall…     

The iPhone on Training Wheels

Nearly five months have passed since Steve Jobs unleashed his flashy iPhone upon the world, and the sleek,do-everything gadget has met his ambitious initial sales targets and then some-so far, more than 1.5 million have been sold.     

The Fords Shop For Advice

What would you do if $581 million of your family's fortune had been vaporized in just 5 years? That's a question that Bill Ford and the other 46     

The Henderson Question? The Melbourne Institute and 50 Years of Welfare Policy

I discuss selected research contributions of the Melbourne Institute of Applied Economic and Social Research to 50 years of welfare policy for those of workforce age and focus particularly on the policy focus of R. F. Henderson, the inaugural director. Following the spirit of his 1960s poverty research, in the mid‐1970s, government doubled unemployment allowances in real terms and increased pensions by approximately 40 per cent. Both income support payments were to be indexed by average wage increases. At the time, unemployment was typically around 1 per cent and the pension take‐up for those of workforce age was also limited. Today, income support take‐up rates have probably increased fivefold. In response, government has adopted a ‘make work pay’ policy over the last two decades and indexed allowances for Consumer Price Index increases and allowances have fallen by 25–35 per cent, relative to community living standards. Pensions continue to be indexed by average wage changes. I address a range of questions arising from this experience, including: Why has government abandoned the Henderson recommendations?; Is there any evidence that a ‘make work pay’ policy is working?