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The energy sector exemplifies the inadequacy of our multilateral institutions. Energy policy is national, but the sector’s externalities are global. A radioactive leak, the rupture of an undersea oil well and, above all, CO2 emissions do not threaten just one country. On the other hand, energy’s benefits adhere to specific agents, be they consumers, producers, or sellers. This imbalance creates a clear incentive for free riders: they benefit, while the rest of us pay.

Energy markets or energy governance?

By: EBR | Thursday, December 22, 2011

This month, the International Energy Agency will publish its annual report, the internationally definitive World Energy Outlook, which will confirm that we are not on the right track to reduce global warming.

The expected geopolitical developments pose some additional challenges to the energy sector. China and India, for example, are growing at a swift pace and are looking for energy resources to support the explosive development of their economies, converting them into some of the main energy consumers in the world.

Young Energy Leaders

By: EBR | Friday, October 21, 2011

Where have you seen young people take the lead in the organization of major conferences with over 900 attendees from all over the world? How often do you see young people sharing their ideas and debating with their peers on stage at international events?

Armed with « Blackberry », laptops, cellphones and other gadgets, generation Y is connected 24 hours a day, 7 days a week. Flexibility and personal priorities seem very important for this generation. However, they lack confidence and need supervision structures in order to achieve their work, especially because they are still very young and inexperienced.

How to Manage a Multi-Generational Workforce?

By: EBR | Thursday, October 13, 2011

Today’s one of the biggest managerial dare is to get three generations work together. Everywhere through Europe managers are struggling with the challenges of managing a workforce increasingly diverse.

Europe needs more and "smarter" investment in both public and private research and development while it is observed that countries that have increased their investments in research and innovation have better prospects of exiting the crisis.

Innovation high up in the European agenda - Steve Jobs: lesson for Europe

By: EBR | Wednesday, October 12, 2011

How to facilitate researchers to implement their ideas? Could there be a Steve Jobs in Europe? These questions arise immediately when one realises that Europe has a high level of human potential in research and science.

Simply put, if we are not able to make it work in Europe, how can we possibly make it work for the rest of the world? Europe certainly has sufficient cohesion, political will, experience and historical drivers working in its favor. That, in principle, augurs well for success. But, as we now realize, it is a project of stunning complexity.

Complexity Mathematics, the EU and Global Governance

By: The Globalist | Thursday, October 6, 2011

Linear thinking is no longer sufficient when it comes to global governance. As Andrea Illy, the chairman and CEO of illycaffe S.p.A., explains, supranational governance — such as that practiced in the EU — is a real-world exercise in non-linear complexity management.

The greatest shock that might face European and US manufacturers is the full-scale export of Chinese manufacturing capability similar to that of the Japanese entering the US and Europe.

Beijing wary of bankrolling a lost cause, as it should be

By: EBR | Friday, September 23, 2011

The mix of cultures within the 27-member European Union and the enforcing of monetary union with all its ramifications have caused the present-day crisis. Clear leadership is lacking, as is any determination to stand up to protesters be they workers unions or the general population.

“Put young entrepreneurs in a room together and they will find opportunities and turn them into businesses. I believe European and Chinese entrepreneurs have really complementary skill sets. We are very different but it’s in these differences that we find areas we can collaborate and both grow.”

Inspiring a New Generation of Sino-European Entrepreneurs

By: EBR | Monday, September 19, 2011

The Power of Youth (POY) will host a conference in Tianjin, China later this year in which top young entrepreneurs from all 27 EU member states will meet their Chinese counterparts to discuss everything from collaborative projects to economic policy.

In Europe, sharp cutbacks in public spending in the UK and Southern Europe have depressed growth, and a long-lasting series of increases in tax rates caused a decade and a half of depressed growth in Germany without solving the underlying fiscal problems. In Japan, the exceptionally high debt ratio reflects the economy’s inability to escape from its low-growth trap.

Public debt in the Eurozone - Japan and the US

By: VoxEU.org | Monday, September 19, 2011

Europe’s debt crisis is unfolding while Japanese and US debt problems are on hold. The problem of public debt in advanced economies will be with us for decades. This column introduces a new Geneva Report on the World Economy that addresses the nuts, bolts, and worries surrounding the issue.

The steps needed to avoid the abyss are clear. Greece needs working capital, backed by the ECB and the European Investment Bank, to prevent a panic-induced implosion. Not only must the ECB do its part but Greece and its partners must implement the deal agreed in July, under which the European financial stability facility will finance part of Greece’s needs, while private-sector holders of Greek bonds will exchange them for 30-year notes.

German hotheads are close to destroying the euro

By: The Financial Times | Thursday, September 15, 2011

German tabloids and much of European public opinion seem fixated on Greece as an object of scorn. The fact that the Greek government is pushing through the toughest of austerity measures in the face of mass demonstrations seems to be of no import.

It is also important to note that enticing as it may be for the talented to leave Greece, the refusal of these young entrepreneurs to transfer their skills and determination to benefit other countries demonstrates a profound commitment to Greece and in the process, builds capacity that is real not rhetoric.

Growth Reigniting in Greece: Enterprising Youth Refuse to Accept Defeat

By: EBR | Wednesday, September 7, 2011

In an inspiring defiance of defeat, young Greeks are taking their economy into their own hands and rebuilding its backbone in record numbers. Regional Development Ministry data released recently showed that during the first half of this year, 28,603 new businesses opened in Greece.

“Business models come inherent with some risks in them,” says Girotra. “What we are advocating is changing how your business models deals with those risks.” Additionally, it can also reveal unsuspected opportunities for creating value by adding risk, he adds.

Can you innovate your business model?

By: EBR | Thursday, July 28, 2011

Business models help support strategic goals, but too often executives don't inject them with the necessary dose of creativity to bring about real success, according to new research by two INSEAD professors

The only positive observation that can be made about the current budget debate is that it certainly has crystallized the key issue around the need for the U.S. to focus on cutting spending in order to address the long term fiscal health of the US economy (which enjoys the highest possible AAA ratings - for now) – although growth drivers are still missing.

The U.S. Debt Crisis: An American Perspective

By: Dom J. Rodriguez | Wednesday, July 27, 2011

Why can’t the Democrats and Republicans come to an agreement on the US debt crisis even with the generous intervention of President Obama and Treasury Secretary Geithner along with the rating agency choir, in a supporting role, singing the refrain of “enough already”?

We need new, smarter energy infrastructures. They will be vital for our energy system, for our economies, for our well-being as citizens. For electricity alone, we are talking about something like 45,000 km of new or upgraded lines for the next ten years.

Preparing today for the energy networks of tomorrow

By: EBR | Wednesday, July 20, 2011

It is unclear what the energy mix of the future will be; one thing is clear, however: energy infrastructure will be key to optimise any energy mix. Without secure, intelligent and sustainable energy networks we cannot meet our energy and climate targets in Europe.

By swapping out the speculators from the secondary market to issuing the new debt Greece needs, the EU can empower Greece and others to plan for its own future based on new market-priced notes, not short-term bailout packages.

Will Europe′s Solution to the Debt Crisis Lead to the Break-Up of the European Union? An American Perspective

By: EBR | Friday, July 15, 2011

If Greece and the other “crisis countries” continue to pull financial and political capital from the EU, what is the likelihood that the Euro-zone would remain intact? Does the thesis for the continued existence of the EU crumble?

Expat managers are notoriously bad at adapting to local culture. What’s more, the presence of these foreigners often fuels a belief among local employees that there is a ceiling on their own potential in the company.

Beyond expats: Better managers for emerging markets

By: EBR | Wednesday, July 13, 2011

The CEO of Manpower argues that the era of the Western expatriate manager is ending. It’s time for a local approach.

It is less than ironic that Western civilization’s birthplace of theatre should be the source material for the drama being played out by European politicians and bankers.

The Solution to the Greek Crisis - Buy Greece!

By: EBR | Monday, July 4, 2011

Since the advent of the Euro-zone and the Euro, there has been a noticeable absence of solidarity among Europeans around the future of Europe. If this is heresy, so be it. Will Greece’s politicians survive the confidence vote to continue the good fight?

The recovery is becoming self-sustained, with trade and investment gradually replacing fiscal and monetary stimulus as the prinicipal drivers of economic growth. Confidence is increasing, which could add further buoyancy to private sector activity, the OECD said.

Global recovery firmly underway but surrounded by risks, says OECD Economic Outlook

By: EBR | Wednesday, May 25, 2011

The global recovery is firmly under way, but is taking place at different speeds across countries and regions, according to the OECD’s latest Economic Outlook. World gross domestic product (GDP) is projected to increase by 4.2% this year and by 4.6% in 2012.

One key way in which they have done so is diversification. Recent IMF research documents that businesses have increased the number of sources from which they import oil, making them less vulnerable to disruptions from any one source.

The Elusive Quest for Energy Security

By: The Globalist | Tuesday, May 24, 2011

The price and security of foreign oil has Western policymakers talking more urgently about energy independence again. But according to Prakash Loungani, an economist and advisor to the IMF, to insulate themselves from the effects of oil spikes, countries are going to have to learn to work together.

Under the theme ‘Europe in the world, leading or lagging?’, the summit united over 1,500 prominent participants from the EU and its main global trading partners.

European Business Summit paves way for European Growth in the Global Economy

By: EBR | Monday, May 23, 2011

The 9th European Business Summit, a key meeting place and networking platform for the EU’s business and political elite, concluded on a note of optimism. The summit, discussed the internal and external challenges that lie ahead for Europe in maintaining its position in the global economy.

"I am confident the country is on a path of sustainable growth and development. We have to give this program a chance. Any discussion now about restructuring Greece′s debt before 2013 is premature and unfair. Instead of talking about default way before the end, let′s put some faith in the EU/IMF program."

Now Is Not the Time To Bet Against Greece

By: The Globalist | Monday, May 16, 2011

The Greek government is seeking additional concessions from the EU to prevent a fiscal collapse. If its efforts fail, many analysts reason, the risk of Greece defaulting on its sovereign debt is high. But betting against Greece right now is not a smart bet, writes Greek MP Elena Panaritis.

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EU Actually

A mission impossible for Sébastien Lecornu, Macron’s 5th Prime Minister?

By: N. Peter Kramer

President Emmanuel Macron has again named a close ally, Sébastien Lecornu, as the new French prime minister, 24 hours after a vote of confidence ousted François Bayrou.

Europe

France in fresh political crisis after MPs oust prime minister

France has been plunged into a new political crisis with the defeat of Prime Minister François Bayrou at a confidence vote in the National Assembly

Business