Business & Entrepreneurship

A new paper by an East Asia and international business expert in the Olin Business School at Washington University in St. Louis finds that Hong Kong’s status as a leading global financial center is secure for multiple reasons, despite prolonged protesting. China’s government will continue to support it; Hong Kong’s financial networks possess extraordinary scale and sophistication; and no viable alternative center has emerged to challenge Hong Kong as the Asia-Pacific leader. Meyer, a senior lecturer in management, puts forth his arguments in “The Hong Kong protests will not undermine it as a leading global financial centre,” published online in April in Area Development and Policy.

The $2 trillion plan to prop up a pandemic-reeling United States, amid the news that there were 3.3 million unemployment claims lodged in the previous week, is expected to pass the House on March 27. An array of Washington University in St. Louis experts offer perspectives on the plan.

The U.S. Senate, with significant prodding from the Trump administration, is working on a plan to directly provide cash assistance to millions of Americans amid the economic fallout from the COVID-19 pandemic. Experts in economics and finance from Washington University in St. Louis’ Olin Business School weigh in on how it could help housing and households and maybe pay some bills — but still not answer the problems at hand.

Olin Business School faculty at Washington University in St. Louis offer perspectives on the economic, financial and everyday business reactions to the novel coronavirus outbreak.

The Mastercard Impact Fund recently awarded the  Social Policy Institute (SPI) at Washington University in St. Louis a three-year, $1.5 million grant. Mastercard’s founding partnership of the SPI will further strengthen the institute’s ability to use research and data science to impact social policy and to promote inclusive growth in the St. Louis community and beyond.

Some economic observers continue to warn about signs of a potential U.S. recession. Glenn MacDonald, the John M. Olin Distinguished Professor of Economics and Strategy at Olin Business School at Washington University in St. Louis, says many signs aren’t particularly reliable — but keep an eye on housing starts.

The newly formed Social Policy Institute at Washington University in St. Louis will bring together the best research evidence from across disciplines to solve real-world challenges. The institute launches Sept. 24.

Lawmakers in California have approved a bill that could pave the way for gig economy workers, such as Uber and Lyft drivers, to be reclassified as employees and not contract workers. If the bill becomes law, it will have broad implications for labor in America, says Pauline Kim, an employment law expert in the School of Law.

In a new study involving a researcher from Washington University in St. Louis’ Olin Business School, the co-authors discovered something they say surprised them: Medicare Part D’s setup actually inhibits insurers from seeking higher subsidies from the government. It keeps subsidies in check by virtue of the way it’s designed.

If the proposed Trump Administration tariffs are imposed and continue into 2020, China’s likely strategy will be to use fireworks as a “political toy” heading into the election season, says a Washington University in St. Louis expert on international trade.