Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start.
A l’occasion des 26ème Universités de la profession comptable, l’économiste Nicolas Bouzou nous explique comment grâce à l’innovation, la France a les moyens de redevenir le pays de la prospérité et du plaisir de vivre… si tant est que nous acceptions de soigner notre « grand refoulement » et de penser enfin intelligemment notre avenir.
Nicolas Bouzou est économiste. Il est directeur-fondateur d'Asterès, une société d'analyse économique et financière et l'auteur de plusieurs notes pour la Fondation pour l'innovation politique. Il nous explique que le problème de la santé va devenir de moins en moins un problème technique et médical et de plus en plus un problème économique. Techniquement, nous savons soigner de mieux en mieux, économiquement ces soins sont de plus en plus coûteux. Il souligne que nous n'avons pas suffisamment réfléchi à la manière de prendre en charge le coût de la santé.
Retrouvez les notes de Nicolas Bouzou pour la Fondation pour l'innovation politique : Réformer la santé - trois propositions ; Stratégie pour une réduction de la dette publique française ; Renforcer le rôle économique des régions ; Europe : quatre propositions contre le protectionnisme et L'économie allemande à la veille des élections législatives.
The Berlin Wall fell on us. The belief in 1989 that “Capitalism triumphed” was dead wrong. Balance triumphed in the West over the imbalance of communist states dominated by their public sectors. But thanks to this misunderstanding, capitalism has been triumphing ever since, throwing much of the world out of balance in favor of private sector interests, with a host of dangerous consequences, global warming being just one. Businesses will not get us out of this—corporate social responsibility will not compensate for the current levels of corporate social irresponsibility—nor will governments, with so many now coopted by private interests. Change will have to come as widespread efforts from the ground up. This happened in 1776 and 1789, and began on a bus in Alabama in 1955. It will have to happen again now—communally and globally. There is nothing utopian about saving our planet and our progeny.
Currently, Henry Mintzberg, masters and doctorate from the MIT Sloan School, holds the Cleghorn Professorship of Management Studies.
Professor Mintzberg has worked in collaboration with colleagues from Canada, England, France, India, Japan, and now China and Brazil, on developing new approaches to management education and development. The International Masters in Practicing Management has been running since 1996 and the International Masters for Health Leadership since 2006. Both are rather novel ways to help managers learn from their own experience. He teaches in these programs and otherwise supervise doctoral students.
In 2007, with three of his colleagues developed CoachingOurselves.com, which brings all these efforts to natural fruition, by enabling small groups of practicing managers to develop themselves and their organizations in their own workplace. A GROOC (MOOC for groups) called Social Learning for Social Impact will appear on edX since September 2015.
Milan, 8 July 2014. "The unknowns of the Russian market of high-end", a conference organized by Altagamma Foundation, photographed the macro-economic scenario where Russian weigh the effects of the crisis in the Crimea, not brilliant economic indicators and prices Details for retail among the highest in Europe. In 2017 we expect the first positive effects of the entrance of Russia into the WTO. Regina von Flemming, CEO of Axel Springer Russia and Publisher Forbes and Forbes online Russia
Victoria Collins explains how each and everyone of us can use economic policy, directly or indirectly, to change our future.
Economic policy is very powerful and it’s all around us. It touches everything. The economic actions and decisions of governments, change our education, our welfare, our health and even our happiness. Victoria Collins believes that this economic policy may be a powerful tool in the hands of young people to shape a better future.Unfortunately, the term has recently been associated with a negative image given the economic breakdown that has touched everyone of us. This crisis, however, should be seen not only as a failure but also as an opportunity that has pushed economists and decision makers to come with different solutions that improve the economy as a whole. With that in mind, the role of young people in this change is essential. Involve yourself in debates, get your own viewpoint and cast your vote to support the policy you believe in, participate in your local politics - those are the first steps which could bring us closer to changes.
“You get a young person involved in economic policy today, you’ll have a citizen who can change the world for life”
“If you want to make a change, you got to start with your ideas”
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Dr. Terence TSE speaks for the flip side of this debate. He is Professor of Finance at ESCP Europe.
"Like fire, finance can be a good servant or a very bad master."
"Between land, labour and capital, one thing that is not shrinking or flattening is capital. Its role and significance is tremendously bigger than before."
"Even though overall level of GDP is rising and economic pie is getting bigger and bigger, the middle income class is actually earning less and less. Why is this the case? Because of automation: machines started to take over those jobs that were traditionally held by the middle income class."
"Think about Uber - who actually finances the taxi cars? The car drivers, because they now have to take a loan to buy a car, the financial risk is on them. Where is the financial gain going? - to Uber. "
WikiStage ESCP Europe, Paris campus
“Can you actually say that the financial industry is broken, evil or destructive? Can you say that debt is necessarily a bad thing?”
“Financing is a very important factor for a strategy of growth.”
“I had the opportunity to manage a family business in Mexico. Mexico has a huge problem, because the economy is lacking access to finance sources, so small and medium sized companies do not have access to financing sources. (…) If these companies do not have sufficient financing, most of them will stay small, regional without possibilities to expand.”
“Lack of financing hurts the economy.”
“However, too much debt is also bad for the economy. There are some signs right now that there is a real estate bubble forming up in China which might explode and there is a huge amount of student loans outstanding in the United States.”
“Even today in 2016 banks are still struggling with capital requirements, reduced balance sheets and increased regulatory burden, so they are not lending.”
“Quantitative easing (printing money to buy back debt) has not reached the small and medium sized companies”
“Institutional investors have to put their money somewhere because one day they need to pay for your retirement. Scarcity of bank lending, changing regulation and investors’ need for yield has led to the disintermediation of the finance sector and alternative lenders have been growing and trying to fill this lending gap.”
“True, there have been excesses in finance. There have been false incentives in some cases, there have been bad people. But bad people exist everywhere, in every industry – look at Enron, FIFA or Volkswagen.”
“If all firms have access to financing in different stages of their lifecycle, in different forms and in a measured way – this will lead to more professionalized firms, better reporting structures, more transparency and that will lead to growth and economic prosperity.”