In 2010, the UK’s Prime Minister, David Cameron, founded The Behavioral Insight Team (BIT) – popularly known as the Nudge Unit – with a simple but impossible mission: Transform the approach of major government departments and deliver a tenfold return on its cost.
The recent disappearance of Jamal Khashoggi has raised interesting questions about the current state of press freedom.
Jair Bolsonaro’s campaign tactics sounded familiar to anyone who has been exposed to Donald Trump’s own election trail: he promised to return to “traditional values”, to rid the country’s political system of corruption and uplift the economy out of a long and suffered economic slump. He held rallies and televised ads, and his presence on the major social media platforms was evident. What is less known to the international crowd is how the messaging platform ‘WhatsApp’ might have helped the far right candidate spread falsehoods and embolden his political momentum.
“A hell of a lot. Whether policymakers take our advice is the real question.”
This year’s WES Presents was kicked off by Professor Jagjit Chadha, director of the National Institute of Economic and Social Research (NIESR). In a time where the role of experts seems to be increasingly distrusted in public discourse, he highlighted the value of rigorous economic analysis rather than reductive political sensationalism in the search for the right answers in policy, forecasting and analysis of the past.
Nearly every major film production company is vying for Netflix’s top spot in the streaming industry. This competition, surprisingly, is expensive for consumers.
This is the third part of our analysis of Amazon’s rise to 1 trillion. Today, we look at Amazon’s economic power and impact on jobs and wages.
When we talk about Amazon we do not just talk about the world’s largest online retailer or the rising star in Washington’s lobbying circles. Arguably, Amazon’s impact on job creation, investment and industry competition levels is even more important. The company’s size is large enough to change the personal lives of millions of people and the economic life of entire regions, if not entire countries. Continue reading “Race to One Trillion: It’s an Amazonian Economy”
This is the second part of our analysis of Amazon’s rise to 1 trillion. Today, we look at the changing relations between Amazon and the US political circles.
When a company registers £178 billion revenue and employs 560,000 people, it does not go unseen in Washington’s, London’s or Brussels’ corridors of power. Amazon is no exception. The online retailer’s relation with politics is complex, being alternatively cooperative or detached, but is always functional to profit maximisation. Continue reading “Race to One Trillion: Amazon’s Affairs in Washington”
As the first part of an analytical series on Amazon and its rise to 1 trillion, this article considers the company’s success and uncontainable growth.
In September 2008 you could buy an Amazon share for $72. Now, you need $1’970. At a whopping 39%, the average annual price increase has led Jeff Bezos’ creature to enter the exclusive 1-trillion market cap club. But Amazon’s exceptionalism is not limited to Wall Street. Of every dollar spent online, around 44 cents go through Amazon. With 100 million household members, “Amazon Prime” would be the 4th most populous country in the world. Continue reading “Race to One Trillion: Amazon’s invulnerable dominance”
Consumer trends are slowly shifting from ownership to experience. The rise of this ‘sharing economy’ has transformed market landscapes with the massive growth of companies like Uber and Airbnb. Now, it’s possible to rent out your ride, your apartment, your workspace, and even your luxury clothing. In this rapidly-changing setting, the focus has shifted to assessing its newly-born risks.