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Climate math: What a 1.5-degree pathway would take

Kimberly Henderson, Dickon Pinner, Matt Rogers, Bram Smeets, Christer Tryggestad and Daniela Vargas – McKinsey & Company Decarbonizing global business at scale is achievable, but the math is daunting. Amid the coronavirus pandemic, everyone is rightly focused on protecting lives and livelihoods. Can we simultaneously strive to avoid the next crisis? The answer is yes—if…

Lessons from the gig economy for transforming public services

Ursula Huws, University of Hertfordshire Even before the arrival of the coronavirus pandemic, major upheavals were taking place in the UK labour market. Between 2016 and 2019, the number of people working for online platforms such as Deliveroo and TaskRabbit doubled from 4.7% of the adult population to 9.6% – the equivalent of 5.5 million…

An experiment to inform universal basic income

Tera Allas, Jukka Maksimainen, James Manyika and Navjot Singh – McKinsey & Company As income inequality and economic upheaval features more in society, is a guaranteed minimum income worth considering? Results from a two-year experiment in Finland offer clues about the concept of a universal basic income. Globalisation, automation, and the rise in the cost of necessities were increasing pressure on social contracts pre COVID,…

COVID-19: Implications for business

No nation has escaped widespread disruption from the COVID-19 pandemic, but some have fared better than others. This McKinsey & Company report examines the state of the recovery in some of the emerging Association of Southeast Asian Nations (ASEAN) countries—Indonesia, Malaysia, Philippines, Thailand, and Vietnam—that began the crisis at a disadvantage and have suffered disproportionate effects.…

Turkey’s Black Sea Natural Gas Find is No Economic Miracle

Stephen Blank – CG Policy Turkey’s announcement of a large natural gas find in the Black Sea, demonstrates it aspiration to become a major player in the energy sphere. But the discovery is insufficient for the country to become energy independent, and other constraints mean it is unlikely to stop its aggressive foreign policy moves.…

Blossom Festival

The Japan Shinzo Abe Has Left Behind

By BILL EMMOTT originally published in Project Syndicate This article by Bill Emmott considers Japan with the departure of Prime Minister Shinzo Abe. By leaving office now, as modern Japan’s longest-serving prime minister, Shinzo Abe will set the terms of his departure instead of allowing dagger-wielding rivals to do it for him. He will leave…

How six companies are using technology and data to transform themselves

A study referenced in the popular magazine Psychology Today concluded that it takes an average of 66 days for a behavior to become automatic. If that’s true, that’s good news for business leaders who have spent the past five months running their companies in ways they never could have imagined. The COVID-19 pandemic is a full-stop on business…

Nepal is walking a tightrope between India and China

India-China tensions are complicating a simmering political crisis inKathmandu. Amid a raging pandemic, a looming global economic crisis and devastating floods and landslides, Nepal has been in political and diplomatic turmoil over its disputed border with its much larger neighbour, India. This article first published in Al Jazeera explains how the dispute has deepened strains…

How prioritizing health could help rebuild economies

Before the COVID-19 pandemic, health typically wasn’t part of economic-growth discussions: the policy debate often focused on controlling healthcare costs. Informed forecasts suggest that the pandemic and its effects will cost the global economy up to 8 percent of real GDP in 2020.1 Yet each year, poor health costs twice as much—around 15 percent of global real GDP…