France’s vaccine programme faces difficult challenges

Significance The country has the one of the world's most vaccine-sceptical populations, with polls showing that only four in ten people are willing to accept a vaccine jab. This difficult environment, combined with logistical challenges, threatens the success of the vaccination campaign and by extension President Emmanuel Macron's re-election chances. Impacts Muddled communication by the French government could exacerbate distrust towards political and medical elites. It is probable that the majority of French people will eventually accept the vaccine, but hesitancy threatens to delay recovery. A slow economic recovery could result in sustained anti-government protests in the lead up next year’s presidential elections.

Significance His government is in an impasse with the conservative parliament over the draft budget for the new fiscal year beginning on March 21. Rouhani needs the US sanctions to be lifted fast and a COVID-19 vaccination campaign to allow for an exit from the pandemic in order to meet his economic promises. Impacts The supreme leader will become even more closely involved in shaping economic policy, with the autarkic ‘resistance’ narrative dominant. Khamenei may seek a new ‘jihadi manager’ president, linked to the Islamic Revolution Guard Corps (IRGC), who follows his economic vision. Progress with vaccinations, which began on February 8, will likely be slow, as supplies have become highly politicised.


Subject Nigerian economic platforms. Significance The two main political parties in the 2019 presidential elections have released their campaign manifestos, both focused on similar themes of economic development and jobs creation. The governing All Progressives Congress (APC) envisages an expanded role for government in driving the economy while the opposition People’s Democratic Party (PDP) has outlined a private sector-led framework. Neither approach is likely to achieve their vast promises. Impacts The exchange rate is unlikely to be fully liberalised regardless of who triumphs. International investors have largely written off the chances of a full economic recovery if Buhari wins a second term. Abubakar's previous political flip-flops could sow doubts over his commitment to market-based reforms. A strong performance by technocratic candidates could signal growing voter appetite for change beyond the established parties.


Subject Possible successors to President Rafael Correa. Significance The surprising news that President Rafael Correa will not stand in the 2017 presidential elections has triggered a debate over who the ruling party, Alianza Pais, will select as its candidate. The task confronting the party is to choose a candidate who has the potential to secure low and middle-income votes on the one hand and appeal to national and international investors on the other. Striking this balance will be particularly important as the collapse of world oil prices and slowdown of economic growth has damaged the government and fuelled social and political tensions. Impacts Whoever Alianza Pais selects is likely to be the strong favourite, despite the government's difficulties in recent months. The key election battle is likely to be over control of the legislature rather than the presidency. The primary challenge for the opposition to the right will be to find a candidate capable of uniting various leaders and factions.


Significance A recent IMF mission reported considerable progress towards agreement on a proposed 1.2-billion-dollar rescue package. However, the increasingly authoritarian bent of the Patriotic Front (PF) government is complicating prospects for wider financial assistance. International donors are wary of supporting President Edgar Lungu who stands accused of rigging the 2016 presidential elections, undermining civil society, and interfering with the judiciary to secure a controversial third, five-year term in office. Impacts Without a comprehensive economic recovery plan in place shortly, ratings agency downgrades could take place later this year. The removal of popular subsidies on food and electricity is likely to trigger popular protest and result in opposition gains. Rising demand for copper in the United States and China may result in a spike in prices, alleviating economic decline.


Subject Prospects for Colombia in 2022. Significance With vaccine and economic growth figures suggesting Colombia may be emerging from the worst of the COVID-19 pandemic, legislative and presidential elections in March and May offer the prospect of a symbolic fresh start. Recent social unrest appears to have subsided and economic recovery has unemployment on the wane. Persistent challenges such as poverty and insecurity nevertheless look sure to test the new government from early in its term.


Significance All presidential candidates are emphasising their credentials to lead economic recovery, though only a handful have a realistic chance of winning. Right-winger Guillermo Lasso of Creando Oportunidades (Creating Opportunities) and leftist 'Correista' Andres Arauz of the Centro Democratico (Democratic Centre) are the leading contenders. Impacts New virus strains could see infections soar, exacerbating pressures on the economy and already strained hospitals. A Lasso-Arauz runoff would increase short-term political and economic uncertainty as the two candidates offer differing recovery plans. Ecuador’s medium-term economic outlook will be weak regardless of who wins the presidency.


2020 ◽  
Vol 36 (8) ◽  
pp. 29-31

Purpose Reviews the latest management developments across the globe and pinpoints practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The problem with developing a reputation of being something of an oracle in the business world is that all of a sudden, everyone expects you to pull off the trick of interpreting the future on a daily basis. Like a freak show circus act or one-hit wonder pop singer, people expect you to perform when they see you, and they expect you to perform the thing that made you famous, even if it is the one thing in the world you don’t want to do. And when you fail to deliver on these heightened expectations, you are dismissed as a one trick pony, however good that trick is in the first place. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.


Kybernetes ◽  
2019 ◽  
Vol 49 (4) ◽  
pp. 1083-1102
Author(s):  
Georgios N. Aretoulis ◽  
Jason Papathanasiou ◽  
Fani Antoniou

Purpose This paper aims to rank and identify the most efficient project managers (PMs) based on personality traits, using Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) methodology. Design/methodology/approach The proposed methodology relies on the five personality traits. These were used as the selection criteria. A questionnaire survey among 82 experienced engineers was used to estimate the required weights per personality trait. A second two-part questionnaire survey aimed at recording the PMs profile and assess the performance of personality traits per PM. PMs with the most years of experience are selected to be ranked through Visual PROMETHEE. Findings The findings suggest that a competent PM is the one that scores low on the “Neuroticism” trait and high especially on the “Conscientiousness” trait. Research limitations/implications The research applied a psychometric test specifically designed for Greek people. Furthermore, the proposed methodology is based on the personality characteristics to rank the PMs and does not consider the technical skills. Furthermore, the type of project is not considered in the process of ranking PMs. Practical implications The findings could contribute in the selection of the best PM that maximizes the project team’s performance. Social implications Improved project team communication and collaboration leading to improved project performance through better communication and collaboration. This is an additional benefit for the society, especially in the delivery of public infrastructure projects. A lot of public infrastructure projects deviate largely as far as cost and schedule is concerned and this is an additional burden for public and society. Proper project management through efficient PMs would save people’s money and time. Originality/value Identification of the best PMbased on a combination of multicriteria decision-making and psychometric tests, which focus on personality traits.


Author(s):  
Wenyi Yang ◽  
Xueli Wang ◽  
Keke Zhang ◽  
Zikan Ke

In the context of the rapid development of urbanization and increasing population mobility in China, the outbreak of COVID-19 has had a significant impact on China’s economy and society. This article uses China UnionPay transaction data and takes Hubei, the worst-hit region by COVID-19 in China, as an example, to conduct empirical analysis using the generalized method of moments (GMM) of the impact of current urbanization patterns on the spread of the epidemic and economic recovery from the perspectives of time, industry, and regional differences. The study found that during the different stages of COVID-19, including discovery, outbreak, and subsidence, the overall impact of urbanization on the economy in Hubei Province was first positive, then became negative, and finally gradually increased. This process had significant industrial and urban heterogeneity, which was mainly manifested in losses in tourism and catering industries that were significantly greater than those in the audio-visual entertainment and digital office industries. Similarly, the recovery speed of large cities was lower than that of small and medium-sized cities. The main reason for these differences is that the one-sided problem of urbanization is more obvious in areas with higher urbanization rates. COVID-19 has drawn attention to the development of urbanization in the future, that is, the development path of one-sided economic resource agglomeration and scale expansion should be abandoned, with greater attention paid to the improvement of service functions and the development of amenities. This transformation is necessary to enhance urban economic resilience and reduce public health risks.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ann Sophie K. Löhde ◽  
Giovanna Campopiano ◽  
Andrea Calabrò

PurposeChallenging the static view of family business governance, we propose a model of owner–manager relationships derived from the configurational analysis of managerial behavior and change in governance structure.Design/methodology/approachStemming from social exchange theory and building on the 4C model proposed by Miller and Le Breton-Miller (2005), we consider the evolving owner–manager relationship in four main configurations. On the one hand, we account for family businesses shifting from a generalized to a restricted exchange system, and vice versa, according to whether a family manager misbehaves in a stewardship-oriented governance structure or a nonfamily manager succeeds in building a trusting relationship in an agency-oriented governance structure. On the other hand, we consider that family firms will strengthen a generalized exchange system, rather than a restricted one, according to whether a family manager contributes to the stewardship-oriented culture in the business or a nonfamily manager proves to be driven by extrinsic rewards. Four scenarios are analyzed in terms of the managerial behavior and governance structure that characterize the phases of the relationship between owners and managers.FindingsVarious factors trigger managerial behavior, making the firm deviate from or further build on what is assumed by stewardship and agency theories (i.e. proorganizational versus opportunistic behavior, respectively), which determine the governance structure over time. Workplace deviance, asymmetric altruism and patriarchy on the one hand, and proorganizational behavior, relationship building and long-term commitment on the other, are found to determine how the manager behaves and thus characterize the owner's reactions in terms of governance mechanisms. This enables us to present a dynamic view of governance structures, which adapt to the actual attitudes and behaviors of employed managers.Research limitations/implicationsAs time is a relevant dimension affecting individual behavior and triggering change in an organization, one must consider family business governance as being dynamic in nature. Moreover, it is not family membership that determines the most appropriate governance structure but the owner–manager relationship that evolves over time, thus contributing to the 4C model.Originality/valueThe proposed model integrates social exchange theory and the 4C model to predict changes in governance structure, as summarized in the final framework we propose.


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