Innovating for Added Value in the Global Economy: Snapshots from Four Moroccan Industries
The world we live in is profoundly different to the one we knew four years ago. Disruption to long-established patterns reveal opportunities for developing countries to secure a bigger share of the global economy. A policy paper by Abdelmonim Amachraa, Portfolio Lead at OCP Fondation, and Bertrand Quélin, Strategy and Business Policy at HEC Paris, for the Policy Center for the New South looks at how Morocco can best integrate with global markets, analyzing the challenges and next steps.
How Coaching Children in Social Skills Yields Tremendous Individual and Social Benefits
In 1984, a group of young boys living in poor neighborhoods in Montreal took part in a unique experiment. For two years, they received coaching in social skills like self-confidence and perseverance. A new assessment by HEC Professor of Economics Yann Algan, with Elizabeth Beasley, Sylvana Cote, Jungwee Park, Richard E. Tremblay and Frank Vitaro, now reveals the lifelong benefits of this work, not only in terms of life outcomes for the subjects themselves, but also for society at large.
How Can Communication Boost the Adoption of Renewable Energy?
Wide-scale adoption of renewable energy is essential to ensure Europe decarbonizes its energy systems and meets its ambitious net-zero targets. But what motivates interested individuals to make the decision to invest? A recent study by Operations Management Professors Andrea Masini and Sam Aflaki (HEC Paris), Shadi Goodarzi (California State University and the University of Texas), and Behnam Fahimnia (University of Sydney Business School), sheds light on the influence of different communication sources on this process, with implications for policymakers, technology providers, and other sustainability stakeholders.
Is globalization’s time up? There are two major, and conflicting, views about this tricky topic. For many economists, free trade is a natural state of the global economic system. Any upheavals – Covid-19, the war between Ukraine and Russia, the resurgence of protectionism - can only result in temporary disruptions which, sooner or later, will be corrected. They are just bursts of irrationality, arising momentarily from political forces upsetting otherwise harmonious economic balance, etc.
Black Swans and Other Challenges to Rational Decision Making
When trying to figure out the outcome of a given situation, or the fallout of a sudden event, is it better to reason by analogies and resort to past experience or to think ahead and apply probabilistic reasoning? Researchers present a new mathematical model on making decisions in uncertain circumstances, which takes into account both modes of reasoning.