Logistics, Business & Public Policy

Why US-China Trade War Is Scary, And Why It Probably Won’t Happen

Professor Gary Cohen travels to China three times a year to speak to multinational companies. His latest trip, he says in an interview from Shanghai, has been a bit different. That’s because across China, in his meetings with leaders of global companies, all anyone wants to talk about is President-elect Donald Trump. "I'm hearing it every day from executives in China: 'What’s going to happen?' " says Cohen. Read more ...

What Trump's Tweets Mean For World Trade

President-elect Donald Trump’s tough talk on trade and outsourcing might never fully translate to policy, but it can help accelerate a shift that's already begun in global manufacturing, says Smith School professor Sandor Boyson. Already, he says, enterprise globalization is beginning to be redefined by localized, end-to-end production and distribution in a single region where a product is in high demand. The emerging trend is beginning to replace an era of ferrying goods around the world from a single far-flung place. Read more...

How India's Currency Crisis Could Shape its Economy

A 500-rupee banknote. What's it like when 86 percent of the banknotes in circulation in a country are rendered worthless overnight? That's what India has been finding out. On the evening of Nov. 9, Indian Prime Minister Narendra Modi announced that, by morning, all 500 and 1,000 rupee notes would no longer be legal tender. The controversial move has sparked protests and criticism of a change too sudden and too poorly planned by the government. Up for debate now is what impact it will have on the Indian economy and on the prime minister's popularity. Read more...

No-Frills, Not Even a Carry-On: Would You Fly Basic Class?

United Airlines is the latest major U.S. airline to unveil a new price point for budget travelers – basic economy – a flight with so few perks its critics have dubbed it the "misery class." You’ll pay a reduced fare – basic economy is aimed at helping United steal back share from low-cost competitors – but, in exchange, you’ll be the last passengers to board, you’ll agree to whatever automated seat assignment you’re given at check-in (even if it means not sitting with your travel companions), and you won’t dare use the overhead storage compartments. It might be just the ticket for airlines, and for flexible travelers whose chief concern is price, says Smith School Professor Roland Rust. But what will it mean for United's brand? Read more...

Trump’s Infrastructure Pledge Doable, Morici Tells BBC

To what extent will president-elect Donald Trump and Congress deliver on a campaign pledge to rebuild U.S. infrastructure? Smith School professor Peter Morici told BBC News on Wednesday that tightening certain entitlement programs could offset long-term projects like improving the passenger railway system. Trump in his presidential election acceptance speech pledged to fix U.S. inner cities and rebuild highways, bridges, tunnels, airports, schools and hospitals. Read more...

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