Financialization is an economic paradigm where the conversion of real economic value into financial instruments and their exchange within the financial system comes to dominate economic institutions, activity and value creation.
Globalization refers to a process of increased interconnectivity between people around the world. This interconnectivity creates greater interdependence, with this global interdependence then forming the foundations to some form of global organization. As such globalization should be understood not simply as increased connectivity but ultimately refer instead to t
There is a seed change in global innovation, from every corner a mandate for increasing creativity and innovation and we are hearing this in business we are hearing this in education we are hearing this in commerce
With the rise of the services economy and information technology fundamentally new forces are at play in the global economy and this is giving birth to a new form of business organization called the platform business that is adapted to this age of connectivity.
A central question facing any economic system is how to harness all of the resources available within the society towards productive ends and then distribute the returns in an equitable fashion. Within just the past couple of years, the topic of
In this paper, we look at the nature of this new form of services economy, how vertically integrated, service providers now tend to engage in networked value creation in ecosystem-like environments - what can be called service value networks (SVNs) and how this development requires new cooperation forms in loosely-coupled structures of autonomous organizations.
Short image and text presentation highlighting the scale and impact of digital platforms on the physical economy. This video tries to highlight how online platforms like Alibaba, Uber or AirBnB are playing an increasingly important role in organizing physical assets, from the flow of products exchanged in commerce to accommodation and transportation.
What is an economy? It is a surprisingly simple question that would leave many - even economists - a bit caught for words. Today we talk about economies in quite technical terms, with reference to supply and demand curves
At the turn of the 21st century our global economy is in both a rapid and fundamental process of change. This change is most often understood as a transformation from an industrial form of economic organization to a post-industrial form as the global economy shifts from being dominated
Short video explaining the idea of financialization. Financialization refers to the increasing importance of financial markets, financial motives, financial institutions, and financial elites in the operation of the global economy and its governing institutions. In this short video we give an outline to some of the key issues surrounding this controversial and often debated subject.
