Government agencies that procure goods from abroad typically face various risks, particularly uncertainty over future real prices. Interestingly, the agencies can use a counter-trade transaction to solve the real price problem. Because both sides of a counter-trade deal are real goods, not...

Main description: In 2004, Spain's Banco Santander purchased Britain's Abbey National Bank in a deal valued at fifteen billion dollars--an acquisition that made Santander one of the ten largest financial institutions in the world. Here, Mauro Guillén and Adrian Tschoegl tackle the question of...

Critics have excoriated the US fast-food industry in general, and McDonald's most particularly, both per se and as a symbol of the United States. However, examining McDonald's internationalization and development abroad suggests that McDonald's and the others of its ilk are sources of...

Adrian Tschoegl suggests that proper science is often neither deduction nor induction, but abduction.

Family-led banks in the global economy -- A family bank's origins -- The industrial group -- Survival of the biggest? -- The new world -- Alliances, and their limits -- Back to Europe -- Managerial style, governance, succession -- The future of a global group