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• Case | HBS Case Collection | 2013

  Europe: An Ever Closer Union?

  Gunnar Trumbull, Jonathan Schlefer and Diane Choi

  In 2010, the European Union faces the challenges of the global financial crisis. With 27 member states, each facing different challenges, can new EU institutions respond effectively? Will its new currency, the euro, survive?

  Keywords: Financial Crisis; Money; Trade; Currency; Policy; Government and Politics; European Union;

  Citation:

  Trumbull, Gunnar, Jonathan Schlefer, and Diane Choi. "Europe: An Ever Closer Union?" Harvard Business School Case 713-085, April 2013.

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• Case | HBS Case Collection | 2013 (Revised from original 2011 version)

  Debt and Development in Jamaica

  Rafael Di Tella, Gunnar Trumbull and Natalie Kindred

  This case describes the economic development problems faced by the small Caribbean-island country of Jamaica over most of the past half-century. The Jamaican economy showed relatively strong growth in the 1960s but stagnated in the 1970s. By the end of that decade, Jamaica was forced to turn to the International Monetary Fund (IMF) for balance-of-payments support. Over the 1980s and early 1990s, the unpopular policy conditions associated with IMF loan programs made the Fund a lightning rod for criticism over Jamaica's lack of economic progress. Jamaicans celebrated the end of IMF borrowing in the mid-1990s, but a severe financial crisis later that decade created a new layer of economic problems. In 2010, in the context of the global economic downturn, Jamaica once again returned to the IMF for financing support. This case allows students to explore the complicated economic difficulties faced by Jamaica, which remains burdened by a self-reinforcing set of interrelated factors, including high public debt, a sluggish private sector, an inefficient public sector, poverty, and crime, among others.

  Keywords: History; Government Administration; Economic Slowdown and Stagnation; International Finance; Crime and Corruption; Poverty; Private Sector; Insolvency and Bankruptcy; Borrowing and Debt; Developing Countries and Economies; Jamaica;

  Citation:

  Di Tella, Rafael, Gunnar Trumbull, and Natalie Kindred. "Debt and Development in Jamaica." Harvard Business School Case 711-031, April 2013. (Revised from original April 2011 version.)

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• Case | HBS Case Collection | 2012 (Revised from original 2010 version)

  ABB: 'In China, for China'

  J. Gunnar Trumbull, Elena Corsi and Elisa Farri

  ABB, a power and automation Swiss engineering company had to decide if they wanted to be even more integrated into the Chinese economy, ABB's biggest market, or if they should instead increase their presence in other emerging markets such as India and Brazil.

  Keywords: History; Multinational Firms and Management; Engineering; Problems and Challenges; Competitive Strategy; Emerging Markets; Global Strategy; Growth and Development Strategy; Industrial Products Industry; China; India; Brazil;

  Citation:

  Trumbull, J. Gunnar, Elena Corsi, and Elisa Farri. "ABB: 'In China, for China'." Harvard Business School Case 711-044, December 2012. (Revised from original November 2010 version.)

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