A Country Is Not a Company (Harvard Business Review by Paul Krugman

By Paul Krugman

Nobel-Prize-winning economist Paul Krugman argues that enterprise leaders have to comprehend the variations among monetary coverage at the nationwide and overseas scale and enterprise technique at the organizational scale. Economists care for the closed approach of a countrywide financial system, while executives dwell within the open-system international of industrial. additionally, economists comprehend that an financial system needs to be run at the foundation of basic rules, yet businesspeople are ceaselessly looking for the actual very good procedure. Krugman's article serves to clarify the area of economics for businesspeople who're so as regards to it and but are constantly pissed off via what they see. considering the fact that 1922, Harvard company Review has been a number one resource of leap forward administration ideas-many of which nonetheless converse to and effect us this day. The Harvard enterprise evaluation Classics sequence now bargains readers the chance to make those seminal items part of your everlasting administration library. each one hugely readable quantity features a groundbreaking concept that keeps to form top practices and encourage numerous managers round the world-and could have a right away impression on you at the present time and for years to come.

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Sample text

Then, after the annexation in 1861, new series of government documents commence, including original correspondence with the Colonial Office (CO 147), Blue Books of Annual Statistics, Annual Reports on the Blue Books, Departmental Reports, and Colonial Secretariat Office files (CSO). The arrival beginning in the 1850s of new inhabitants, including European merchants, Christian missionaries, and Brazilian and Sierra Leonean repatriated slaves (many of Yoruba descent and some literate) introduced a multiplicity of new perspectives into the written record.

These tribunals consequently left few records. 49 Records of civil cases heard by this court are among the few places where references to slaves and owners exist across the final decades of the nineteenth century. The Supreme Court could not recognize and directly enforce obligations of slavery. However, former owners and former slaves, as well as their descendants, sometimes went to the court to pursue other sorts of conflicts with one another or third parties. Such cases often revolved around rights in landed property or obligations of credit, matters that the 20 / Slavery and the Birth of an African City colonial courts defined as central to their jurisdiction.

The major 36 / Slavery and the Birth of an African City supplies of slaves from inland reached the coast to the west and east, at places where Lagos traders had to compete for them with Europeans and richer Africans. Throughout these years, Lagosians sold limited numbers of slaves acquired in local wars, purchased in northern and eastern lagoon-side markets, or brought to the town by Ijebu, Edo, and other eastern traders. The lagoon trade in slaves continued, moreover, to form part of the diverse local and regional networks of exchange linking the peoples of the hinterland and the coast from the Volta to the Niger and beyond.

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