Thank you to the Australian Industry Group for an invitation to return to your annual conference. It is a pleasure to be here. Since this is my third appearance here, I thought it might be useful to give a brief history of the past couple of years as a prelude to making some observations about the current state of things, and about some of the issues for the year ahead. As we all know, the year...

In the past few years, a fairly substantial literature has emerged addressing the phenomenon of global value chains (GVCs). While one can find various definitions of GVCs, the simple concept proposed by Lunati (2007) seems to capture the spirit of most definitions. Namely, GVCs are international supply chains characterized by fragmentation of production activities across sites and borders. In e...

Reviews linear break-even analysis as typically outlined in textbooks on managerial economics. It is claimed that a major shortcoming of these expositions is their failure to demonstrate in what circumstances linear break-even analysis is relevant for a business and in what circumstances it is inapplicable. This article helps rectify this situation. It points out that such analysis can not be a...