Strategy and the economy

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With worries about world economies falling back again, we could reflect on how we got in this mess, and some questions for Strategy.

Recessions usually start, I hear, in the corporate sector – falls in consumer or public spending then follow those business reversals, rather than the opposite. It can also be shown that an industry can fall into big cycles with no variability at all in underlying demand growth. If this happens in one sector, then both the boom and ...

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