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Family Business

When Two Leaders Collide, the Result Can Be Less Fraud

Y. Guo, X. R. Luo, D. Li

When the head of a family firm ranks lower in the family hierarchy than another leader at that firm, the misalignment can help prevent fraud in the emerging market context.

Strategy

Russia’s War on Ukraine: First Lessons and Outlook

Michael A. Witt

Russia loses big, China gains, and win-lose becomes a new normal.
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Economics & Finance

China’s Urban Rich and the Quest For Common Prosperity

L. Yang, S. H. Lee

The key to closing China’s income gap lies in education and bolstering the ranks of its professionals, the meteoric rise of its urban elites in recent decades suggests.

Economics & Finance

How Trade Made the Richest 0.1% Even Richer

Better access to foreign markets benefited exporting firms’ top executives disproportionately more than rank-and-file workers.