Economics

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  New York, London and Paris Firmly Established as the Smartest Cities

Berrone, Pascual; Ricart, Joan Enric; Carrasco, Carlos; Duch, Ana Although New York leads the IESE Cities in Motion Index, Europe is the geographical area with the highest concentration of smart cities, with 12 representatives among the top 25. Where does your city stand in the ranking this year? Read article

  Why Wages Stagnate in Areas With Few Employers

Azar, José; Marinescu, Ioana; Steinbaum, Marshall We know monopolies negatively affect consumers. But what about workers? What happens when just a few employers hold most of the hiring power? New research shows that areas with high labor market concentration have lower wages. Here's where to look and why it's important. Read article

  Venture Capital and Ethnic Integration: Better Together

Samila, Sampsa; Sorenson, Olav Diversity is one thing, integration another, according to an empirical study of the impact of venture capital in the U.S. IESE's Sampsa Samila finds a one standard deviation increase in racial integration increased the positive outcomes associated with VC by at least 30 percent. Read article

  A Global Survival Guide

Rosenberg, Mike Brexit, Donald Trump, and the rise of protectionist -- even xenophobic -- political movements in other industrialized democracies raise questions about the state of globalization today. So how should we deal with the complexity of global strategy going forward? Read article

  Globalization Under Fire: How Should Leaders Respond? Premium

Ghemawat, Pankaj Most business leaders have exaggerated perceptions of globalization, which can lead to costly strategy errors. This article debunks the myths and articulates recommendations grounded in two laws of globalization that will endure through the present turbulence. Read article

  Mixed Signals for Spanish Reforms

Vives, Xavier; Xifré, Ramon Political uncertainty is taking a toll on Spain's post-crisis reform agenda, which has been helping to modernize its economy. Experts consulted for the sixth edition of the Spanish Reforms Monitor shine a light on key economic policies, improvements and nagging doubts. Read article

  4 Years of Growth for Foreign Companies in Spain

Berrone, Pascual; Blázquez, María Luisa Spain remains a highly attractive destination for foreign investment. The annual Barometer of the Business Climate in Spain breaks down the latest statistics and shows that economic recovery is coupled with increased investment levels in the country. Read article

  4 Energy Challenges in Kenya -- and How to Face Them

Rahnema Alavi, Ahmad; Sanchez, Felix; Kerubo, Loice; Giordano, Paola; Otieno, Irene; Njenga, George; Ronoh, Geoffrey Energy poverty is a problem in Kenya. IESE's Ahmad Rahnema examines current challenges in the country's power generation, quest for alternative fuels, cooking needs and fertilizer production -- and offers possible solutions, as well as prime investment opportunities. Read article

  How Judicial Independence Encourages Entrepreneurship

Valentini, Giovanni; Conti, Raffaele Thinking of setting up a new business? Look beyond the usual concerns -- potential talent, tax benefits -- says IESE's Giovanni Valentini, there's another factor that could make or break your start-up: judicial independence in your chosen region. Read article

  A Winning Partnership

Ricart, Joan Enric The public and private sectors need each other now more than ever. What are the keys to forge win-win collaborations? Read article
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