The Wheeler Institute at the London Business School was proud to host Daron Acemoglu for a presentation on his and Simon Johnson’s latest book, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, followed by a discussion with London Business School professor Andrew J Scott. The event, attended by more than 600 people in…
The Wheeler Institute is inspired by the purpose and passion of our students, who are focused on applying innovative thinking in the area of business for development. We seek collaborations with student clubs that aim to reshape the way we think about business. The initiatives that we support allow students to apply their business skills…
Worldwide sales of luxury goods in 2019 stood at US$ 305 billion. Following a temporary fall in sales due to the COVID-19 pandemic, sales in 2021 were US$ 294 billion. In the period of 2023 to 2028, the luxury goods market is forecast to grow at a CAGR of 4%. Earlier this year, the Retail,…
In our first two articles about the entrepreneurial ecosystem in Alexandra, we explored the typical challenges faced by microentrepreneurs and informal entrepreneurs operating in South African townships, before looking at the institutional ecosystem in which these entrepreneurs operate. Our third and final post in this 3-part series will explore the way forward: Can the disconnect…
Our previous post on informal entrepreneurship in Alexandra focused on the typical challenges encountered by mainly informal entrepreneurs and microbusiness owners. This second post will focus on the supporting entrepreneurial ecosystem: Who are the key role players, and what kind of support is available to a typical entrepreneur in Alex? Does this ecosystem provide what…
This is the first article of a 3-part series on informal entrepreneurship in emerging markets, based on empirical research conducted in the township of Alexandra in Johannesburg, South Africa. Elizabeth Mogale* (not her real name), a 48-year old mother of four, grills chickens on the pavement of 12th avenue in Alexandra, one of Johannesburg’s most…
Oded Galor, Herbert Goldberger Professor of Economics at Brown University, joined Elias Papaioannou, Co-Academic Director of the Wheeler Institute and Professor of Economics at London Business School for the fifth event in the Wheeler Institute’s Rethinking Capitalism series. Professor Galor’s latest book ‘The Journey of Humanity’ explores the evolution of human societies since the emergence…
The success of urban policies depends on municipal and state capacity. Government in Africa, especially at the local level, suffers from low fiscal capacity, but there are signs of improvement. We have seen through this series that government policy has a role to play in ensuring that cities develop productively. However, without public funds and…
As part of the Wheeler Institute Climate Initiative, Lucrezia Reichlin, London Business School Professor of Economics and trustee of the International Financial Reporting Standards (IFRS) Foundation, recently hosted a webinar on “The need for and impact of high quality globally comparable reporting” on 10th March 2022. Lucrezia was joined by Richard Cantor, Chief Risk Officer of Moody’s…
Attention on climate change and efforts to mitigate its impact has increased exponentially from investors and financial markets in the last decade. From a financial perspective, this focus has led to considerable investment towards climate change mitigation initiatives, such that the pressure is now on businesses that are not doing enough. As part of the…
