Logistics, Business & Public Policy

India Goes Big to Lure Foreign Investment

Foreign firms doing business in India are “entering essentially 29 different countries,” Smith School professor Kislaya Prasad says. That’s because tax systems differ state to state in a market otherwise inherently attractive to foreign investment. But a revamping looms. India’s parliament advanced a goods and services tax on Monday that would reduce the complexity of doing business in India. Read more...

Five Reasons Stocks Will Push Higher

Stock prices are setting new records but could easily charge much higher, says Smith School economist Peter Morici. “The U.S. economy is growing again — about 2.5 percent in the second quarter and going forward — and corporate profits are rising again.” Post-Brexit, the dollar strengthened against foreign currencies, “but overall it remains well below levels recorded earlier this year and last,” Morici says. Read more...

Brexit Countdown: Faculty Perspectives

“Divorces are tough,” says Smith School economist Peter Morici. But Britain nonetheless should break from the “shackles” of its union to a Europe economy locked in ruinous cycles of debt crises and high unemployment. "The EU suffers from chronic slow growth thanks to a smothering bureaucracy and single currency," Morici says. Other Smith School professors foresee challenges if United Kingdom voters opt to separate from the European Union in a referendum on June 23, 2016. Read more...

Blame Baggage Fees for Long Airport Lines?

Lines at some airports have gotten nightmarish as travelers head into the summer's first holiday weekend. As a result, two U.S. senators have called on airlines to stop charging fees for checked bags as a way to reduce the burden on TSA screeners. Research from Smith School professor Martin Dresner at three Washington-Baltimore airports show how baggage fees do indeed significantly change consumer behavior. Read more...

Walmart Counters Amazon With Its Own 'Prime' Service

Amazon may be synonymous with online shopping and fast shipping, but Walmart isn't ceding the e-commerce field to its hipper rival. Walmart announced last week that it was ramping up its efforts to counter Amazon's very successful Amazon Prime program — for $99 a year, Amazon offers free two-day shipping and a host of other benefits, including free online movies. Walmart is spending some $2 billion to improve its own ShippingPass free-shipping program. Read more...

Saudi Arabia to Partly Privatize World's Biggest Oil Company

Saudi Arabia has announced a plan to spin off about 5 percent of its state-owned oil company, Saudi Aramco. Proceeds from the sale would be poured into a fund that would be used to help diversify the nation's heavily oil-dependent economy, which currently gets 90 percent of its revenue from oil. Simultaneously, the gulf nation also says it's going to ramp up oil production. The Smith School's Charles E. Olson isn't sure the plan adds up. Read more ...

The Opportunities and Challenges of Doing Business with India

Participants at the Robert H. Smith School of Business's 2016 Emerging Markets Forum agreed that India's rapid growth offered opportunities for both local and American businesses, but they disagreed about whether the Indian government of Prime Minister Narendra Modi was moving quickly enough to cut red tape. This was the sixth annual Emerging Markets Forum, organized by the Smith School's Center for International Business Education and Research (CIBER). Read more ...

In Trucking Industry, Fights Over Efficiency Versus Safety

Crashes of large trucks are on the rise in the United States. From 2009 to 2015, deaths resulting from collisions involving trucks weighting more than 10,000 pounds rose from 3,380 to 3,903, an increase of 15 percent. Some safety activists believe that Congress bears some blame, and Smith School professor Thomas M. Corsi says they have a point. Read more ...

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