Category Archives: Management

National Fiscal Flexibility: EU Parliament Plans A Big Step Backwards

By John Weeks. He is an economist and Professor Emeritus at SOAS, University of London. John received his PhD in economics from the University of Michigan, Ann Arbor, in 1969. He is author of a new book entitled ‘Economics of the 1%: How mainstream economics serves the rich, obscures reality and distorts policy’ (Anthem).

I and many others have argued that the basic EU treaties have flexibility to accommodate most social democratic policies such as those in the 2017 Manifesto of the UK Labour Party. Our argument may soon suffer a decisive blow from the EU parliament.

In March 2012 twenty-five EU national governments signed the Treaty on Stability, Coordination and Governance (TSCG), the “fiscal pact”. By signing national governments “contracted” (the treaty term) to obey its detailed fiscal rules. The TSCG did not achieve unanimous approval, thus could not become part of the de facto EU constitution; i.e., contrary to the intention of the fiscally reactionary governments, it was not incorporated into the Treaty on the Functioning of the European Union (TFEU).

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Assetization of Human Capital

By Martin Ejenobor. Partner at Revele. He  is a Business Adviser, Innovation Strategist, Speaker, Trainer, Thinker and Entrepreneur with over 15- years multifaceted experience proffering solutions “to” various industries including FMCG, Luxury Goods, Human Resource Development and Sports.

“This article addresses the concept of people as capital that companies can buy and sell. Is this just a dream or it’s a trend?
How soon will it happen if at all”

Here are some excerpts from this article posted in LinkedIn recently. Click on the link at the end of this sharing.

“Let’s start by defining the word ‘asset’ then we will describe it in context for clarity”.

“The definition of the word asset usually comes close to the ability of a (tangible or intangible) things to be monetized. If it cannot be sold, it is has no value for the which it may be traded then it is not an asset”.

“Human Capital is a Knowledge Based Asset (KBA) and therefore yields as such. So back to our talk of assetization, it is clear that an asset is anything an entity can trade for money (Knowledge, property -tangible or intangible, stocks, bonds, etc) but has any organization traded its humans (staff) as assets? Your guess is as good as mine- none!”

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Robots v experts: are any human professions safe from automation?

Editor’s note: Given the intense discussion on the employment issues generated by the Robotics technology, I found this book presentation published by British www.theguardian.com very relevant and I am refering to it here.

By

Richard Susskind OBE is an author, speaker, and independent adviser to international professional firms and national governments. He is president of the Society for Computers and law IT adviser to the lord chief justice. Tomorrow’s Lawyers is his eighth book,

and

Daniel Susskind is an economist, lecturer at Balliol College, Oxford, and co-author with Richard Susskind of The Future of the Professions

The main themes of our book, The Future of the Professions, can be put simply: machines are becoming increasingly capable and so are taking on more and more tasks.

Many of these tasks were once the exclusive preserve of human professionals such as doctors, lawyers and accountants. While new tasks will certainly emerge in years to come, it is probable that machines will, over time, take on many of these as well. In the 2020s, we say, this will not mean unemployment, but rather a need for widespread retraining and redeployment. In the long run though, we find it hard to avoid the conclusion that there will be a steady decline in the need for traditional professional workers.

During the year after the book’s hardback publication in October 2015, we tested this line of argument on audiences of professionals in more than 20 countries, speaking to around 15,000 people at over 100 events. The response, frankly, was mixed. Our work seems to polarise people into those who agree zealously with our thesis, and those who reject it unreservedly. Both sides argue their views passionately.

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