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Schumpeter: Pointers to the future


PROGNOSTICATORS have a bad record when it comes to new technologies. Safety razors were supposed to produce a clean-shaven future.

Power distribution: Grid unlocked

AMERICA’S electricity grid is a mind-boggling mess. For one thing, it is two large and three small grids, rolled into one.

Grocery retailing in India: A long way from the supermarket


ON THE morning of Dussehra, a Hindu festival, Amar Singh is explaining why he stocks “exotic” produce, such as broccoli and iceberg lettuce, at his vegetable stall in Thane, a commuter city north of Mumbai.

German business and government: Still cosy?


Who will trumpet German business? A REPORT bemoaning the lack of transparency surrounding the influence of business on German politics, published on October 13th by Transparency International, a corruption watchdog, must have struck lobbyists as dark humour.

Foreign entrepreneurs in China: Small is not beautiful


ENTREPRENEURS do more with less, proclaimed Fiona Woolf this week on a visit to Shanghai. Lady Woolf, the current Lord Mayor of the City of London, was speaking at an academic conference devoted to helping small and medium enterprises (SMEs) flourish in China.

European chipmakers: Fighting back


NESTLED in the foothills of the French Alps, Grenoble feels more like a skiing base camp than the centre of one of Europe’s hottest technology clusters.

Business in Myanmar: Let a million factories rise


Clearing a pathway to growth PREPARATIONS for the first section of the Thilawa Special Economic Zone (SEZ) included clearing nearly 400 hectares of land and building roads to a nearby port.

The world’s best business programmes: Which MBA?, 2014


For the fourth time in five years, the University of Chicago’s Booth School of Business tops The Economist’s ranking of full-time MBA programmes.

Technology firms: Split today, merge tomorrow

WHEN Hewlett-Packard said this week that it would split into two firms, one selling personal computers and printers and another selling servers and other business equipment and services, there was a touch of déjà vu.

Schumpeter: Beware the angry birds


THE New Yorker magazine ran a cartoon last year of three monkeys in a row: one with a microphone (labelled “hear all evil”), one with a television camera (“see all evil”) and one with a laptop (“post all evil”).

Oil firms in Kazakhstan: Cash all gone


WHEN it was discovered in 2000, the Kashagan oilfield in Kazakhstan’s waters in the northern Caspian Sea was the world’s biggest oil find in three decades.

Oil companies: Unsustainable energy


THIS has been a nerve-racking summer for oil companies. Since June the price of a barrel of Brent crude oil—the global benchmark—has slumped from $115 to $92, a decline of 20% and the lowest for more than two years.

Europe’s carmakers: Polishing up


It’s shiny, but who will buy it? AN ARMY of buffers attends to the cars at motor shows, continually polishing them to a level of otherworldly gleam.

Crony capitalism: Friends in high places

THE Arab Spring has not delivered all that was hoped for it, but it did call time on two egregious examples of crony capitalism.

Business education: Banks? No, thanks!


“AN INVESTMENT banker was a breed apart, a member of a master race of dealmakers. He possessed vast, almost unimaginable talent and ambition.” So wrote Michael Lewis in his 1989 book, “Liar’s Poker”.

Yahoo’s true value: What is it really worth?


Why keep holding the Ersatz if you can get the real thing? Before Alibaba went public in September, one way to get exposure to the Chinese internet giant was to hold shares in Yahoo, a struggling web portal, which has a large stake in Alibaba.

The cable industry: Tying up the cable business


EMPLOYEES joining Comcast, America’s largest pay-television and internet provider, are given a copy of “An Incredible Dream”, a history of the company commissioned by the firm.

Schumpeter: Philosopher kings


IT IS hard to rise to the top in business without doing an outward-bound course. You spend a precious weekend in sweaty activity—kayaking, climbing, abseiling and the like.

Rocket Internet’s IPO: Launching into the unknown


The incomparable Oliver Samwer “PAST performance is no guarantee of future results,” warns the boilerplate language on a share offer.

Electricity companies: Adapting to plug-ins


AFTER “rate hikes”, the most common phrase in America’s electricity industry these days is “death spiral”.


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