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| | Jan 9 - Jan 22 What's HotWhat's Ahead for the Global Economy in 2008? Reports from Around the Network Though the subprime mess and rising oil prices slammed the U.S. economy during much of 2007, other emerging markets -- especially China and India -- seem to be on a roll. China's growth rate of more than 11% is likely to continue, and India, too, should be able to sustain a high rate of GDP growth, even if it slows from last year's 9%. Latin America, meanwhile, is cautiously optimistic but could see a moderate decline in 2008. The Knowledge@Wharton Network sites -- including Universia Knowledge@Wharton, China Knowledge@Wharton and India Knowledge@Wharton -- spoke with Wharton faculty and other experts about what to expect during the coming year. http://knowledge.wharton.upenn.edu/article/1871.cfm Law and Public Policy (Podcast with Transcript) How Arab Countries Are Coping with Globalization At the beginning of 2008, crude prices are at record highs, creating immense wealth for oil-exporting nations in the Middle East. Yet the Arab economies also face what economists call "a demographic bulge of a fast-growing labor force" -- and the challenge of creating enough jobs for the population. This is happening at a time when the arrival of China and India is raising the competitive stakes for other emerging economies that want to make their mark on the global economic stage. How are the Arab economies dealing with these challenges? Howard Pack, a professor of business and public policy at Wharton, and Marcus Noland, a senior fellow at the Peterson Institute for International Economics, address these issues in a book titled, The Arab Economies in a Changing World. Knowledge@Wharton recently spoke with Pack about his book. http://knowledge.wharton.upenn.edu/article/1878.cfm Human Resources From Incentives to Penalties: How Far Should Employers Go to Reduce Workplace Obesity? This month, more than half of Americans probably made health-related New Year's resolutions, but few are likely to fulfill them. Employees at CFI Westgate Resorts in Orlando, Fla., might consider themselves lucky: They have an incentive to get healthy. If they join in the company-wide weight-loss contest and reach their goals, they could win cash prizes or a luxury vacation. Westgate isn't the only employer trying to push employees, especially obese ones, into healthy lifestyles. But using incentives, and in some cases penalties, to change employee behavior raises a host of legal, moral and practical questions, according to Wharton experts and others. http://knowledge.wharton.upenn.edu/article/1876.cfm Managing Technology Marketing Presidential Candidates on the Web Goes Mainstream: But Does It Get Votes? The January 3 Iowa caucuses and the January 8 New Hampshire primary showcased the 2008 presidential campaign's ongoing political dogfight as candidates battled for their parties' nominations. Under the surface, however, the scrum represents a tipping point in the use of the Internet as a campaign tool, say experts at Wharton. In many respects, the 2008 race resembles any sophisticated Internet marketing campaign that lets consumers swap information, connect with friends and perhaps make a purchase -- or, in this case, a donation. Indeed, selling a candidate may not be much different than selling any other high-end item, although possibly less effective. http://knowledge.wharton.upenn.edu/article/1874.cfm Leadership and Change The World Wildlife Fund's Carter Roberts on the Bushwhacking Theory of Life The ability to "connect the dots" -- work the connections between local conditions and global forces, and between the non-profit, private and government sectors -- is necessary whether you work in the private sector or for a conservation group, according to Carter S. Roberts, president and CEO of the United States' World Wildlife Fund (WWF). During a recent Wharton Leadership Lecture, Roberts spoke about corporations' responsibility to promote environmental initiatives, the need for communication skills, the WWF's latest successes and the importance of thinking about, in advance, "what you want your legacy to be." http://knowledge.wharton.upenn.edu/article/1875.cfm Marketing 'What Are You Giving Away?' The Challenges of Marketing in Asia Western companies looking to do business in Asia, especially in China, don't always confront a homogenous market, and the ways that consumers make decisions about what to buy aren't always predictable, according to a group of marketing experts who spoke at the 2007 Wharton Asia Business Forum. Like developed-world consumers, many urban Chinese people are technologically savvy and comfortable seeking product information on the web. But unlike them, they don't typically show brand loyalty and are often more motivated by price than perceptions of product quality or prestige. Panelists included executives from Estee Lauder, Bain & Co., Colgate Palmolive and Swain Tours. http://knowledge.wharton.upenn.edu/article/1872.cfm Finance and Investment How Investing in Intangibles -- Like Employee Satisfaction -- Translates into Financial Returns Contrary to management theories developed in the Industrial Age, employee satisfaction is an important ingredient for financial success, according to a new research paper by Wharton finance professor Alex Edmans. His findings also challenge the importance of short-term financial results and may have implications for investors interested in targeting socially responsible companies. The paper is titled, "Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices." http://knowledge.wharton.upenn.edu/article/1873.cfm Leadership and Change Is One Global Model of Corporate Governance Likely, or Even Desirable? In Germany, labor unions traditionally have had seats on corporate boards. At Japanese firms, dozens of loyal managers cap off careers with a stint in the boardroom. Founding families hold sway on Indian corporate boards. And in China, Communist Party officials are corporate board fixtures. But as companies continue to globalize, should they consider adopting one uniform model of corporate governance? Or do global investors benefit from diverse governance structures? Wharton faculty and others offer their opinions. http://knowledge.wharton.upenn.edu/article/1877.cfm _________________________________________________________________ Articles from Around the Network China Knowledge@Wharton Building Workplace Trust in Some Cultures Blurs the Line Between Professional and Personal Life http://www.knowledgeatwharton.com.cn/index.cfm?fa=viewfeature&articleid=1767&languageid=1 Universia Knowledge@Wharton David Bach: 'Managing Nonmarket Relations Proactively' Is a Key to Business Success http://www.wharton.universia.net/index.cfm?fa=viewfeature&id=1455&language=english India Knowledge@Wharton Does Microfinance Need Regulators? Nobel Laureate Yunus Thinks So... http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4246 Knowledge@SMU Games People Play: Can Singapore Power-Up Fast Enough to Claim a Share of the Bounty? http://knowledge.smu.edu.sg/index.cfm?fa=viewfeature&id=1073 Knowledge@W. P. Carey New Attitudes, Technology Paint a Brighter Future for Videoconferencing http://knowledge.wpcarey.asu.edu/index.cfm?fa=viewfeature&id=1524 Knowledge@Emory Is the Private Equity Buyout Boom on the Decline? http://knowledge.emory.edu/index.cfm?fa=viewfeature&id=1105 _________________________________________________________________
_________________________________________________________________ Help Spread Knowledge Do you know people who might be interested in these research studies and more? If you do, please forward this e-mail message to them. The Knowledge@Wharton Newsletter is a free service of the Wharton School (http://www.wharton.upenn.edu/) of the University of Pennsylvania. Its companion web site, Knowledge@Wharton, includes full details of the stories listed here. To read these stories, go to http://knowledge.wharton.upenn.edu/ To read Universia-Knowledge@Wharton, our Spanish/Portuguese Partnership http://www.wharton.universia.net To read the Chinese Version of Knowledge@Wharton http://www.knowledgeatwharton.com.cn To comment on these stories, go to: http://knowledge.wharton.upenn.edu/feedback.cfm To unsubscribe from this newsletter, visit: http://knowledge.wharton.upenn.edu/unsubscribe.cfm Sponsorship Inquiries Write | |||||
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