Richard H.K. Vietor

Paul Whiton Cherington Professor of Business Administration
Senior Associate Dean

Professor Vietor is the Paul Whiton Cherington Professor of Business Administration at the Harvard Business School and Senior Associate Dean for the Asian Initiative.  He teaches courses on the international political economy.  Before coming to the Business School in 1978, Professor Vietor held faculty appointments at Virginia Polytechnic Institute and the University of Missouri at Columbia.  He received a B.A. in economics from Union College (1967), an M.A. in history from Hofstra University (1971), and a Ph.D. in history from the University of Pittsburgh (1975).  He has been the recipient of a National Endowment for the Humanities Research Fellowship, the Harvard-Newcomen Postdoctoral Fellowship in Business History, and the Newcomen Award in Business History.

Professor Vietor's research on business and government policy has been published in numerous journals and books.   His books include Energy Policy in America Since 1945 (1984), Strategic Management in the Regulated Environment (1989), Contrived Competition: Regulation and Deregulation in America (1994), Business Management and the Natural Environment (1996), Globalization and Growth: Case Studies in National Economic Strategies (2004), Environmental Protection and the Social Responsibility of Firms (ed. with Bruce Hay and Robert Stavins; 2007), How Countries Compete: Strategy, Sturcture, and Government in the Global Economy (2007), and The Class Moves the World: How Business Elites Decipher the World Economy (available in Japanese only, 2010).

For his courses in business-government relations and environmental management, Professor Vietor has published more than eighty case studies on energy policy, the regulation of natural gas, nuclear power and hazardous wastes; on strategy and deregulation in airlines, railroads, telecommunications, and financial services; and on the national development strategies of a dozen countries.  He has been a consultant to the Hudson Institute and the Energy Research and Development Administration, serves on the Advisory Boards of IPADE (in Mexico), IESE (in Spain), and INALDE (in Colombia), on the board of the Luigi Gerardo Napolitano Society, and several firms.  He is a consultant to several corporations and to the Prime Minister of Malaysia.

Professor Vietor and his wife Cindy have three adult children -- Nicholas, Christopher, and Meredith.

 

Books

  1. The Class Moves the World: How Business Elites Decipher the World Economy

    This book is an update of How Countries Compete.

    Keywords: Globalized Economies and Regions; Management Teams;

    Citation:

    Vietor, Richard, and Akiko Nakajo. The Class Moves the World: How Business Elites Decipher the World Economy. Tokyo, Japan: Tokuma Shoten, 2010, Japanese ed.
  2. How Countries Compete: Strategy, Structure, and Government in the Global Economy

    Keywords: Competition; Strategy; Organizational Structure; Government and Politics; Economy;

    Citation:

    Vietor, Richard H. K. How Countries Compete: Strategy, Structure, and Government in the Global Economy. Boston: Harvard Business School Press, 2007.
  3. Environmental Protection and the Social Responsibility of Firms: Perspectives from Law, Economics, and Business

    Keywords: Environmental Sustainability; Corporate Social Responsibility and Impact; Business Ventures;

    Citation:

    Hay, Bruce L., Robert Stavins, and Richard Vietor, eds. Environmental Protection and the Social Responsibility of Firms: Perspectives from Law, Economics, and Business. Washington, D.C.: Resources for the Future, 2005.
  4. Globalization and Growth: Cases in National Economic Strategies

    Keywords: Globalization; Growth and Development Strategy;

    Citation:

    Vietor, R. H.K., and R. E. Kennedy. Globalization and Growth: Cases in National Economic Strategies. Fort Worth: Dryden Press, 2000.
  5. Globalization and Growth: Cases in National Economic Strategies - Teaching Manual

    Keywords: Globalization; Business Growth and Maturation;

    Citation:

    Kennedy, Robert E., and Richard H. K. Vietor. Globalization and Growth: Cases in National Economic Strategies - Teaching Manual. Fort Worth: Dryden Press, 2000.
  6. Business Management and the Natural Environment: Cases and Text

    Keywords: Business or Company Management; Natural Environment; Cases;

    Citation:

    Reinhardt, F. L., and R. H.K. Vietor. Business Management and the Natural Environment: Cases and Text. Cincinnati: South-Western College Publishing, 1996.
  7. Instructor's Manual for Business Management and the Natural Environment: Cases and Text

    Keywords: Business or Company Management; Natural Environment; Cases;

    Citation:

    Reinhardt, F. L., and R. H.K. Vietor. Instructor's Manual for Business Management and the Natural Environment: Cases and Text. Cincinnati: South-Western College Publishing, 1996.
  8. Contrived Competition: Regulation and Deregulation in America

    This book explains how four major firms--American Airlines, El Paso Natural Gas, AT&T, and Bank America--and their respective managements were challenged by the deregulation of markets starting in the late 1970s. The four stories illustrate the dynamic process of market restructuring and organizational adjustment, as well as the ways in which managers and regulators painfully learned to operate effectively as their economic and political environments shifted around them.

    Keywords: Governing Rules, Regulations, and Reforms; United States;

    Citation:

    Vietor, Richard H. K. Contrived Competition: Regulation and Deregulation in America. Cambridge, MA: Belknap Press of Harvard University Press, 1994.
  9. Energy Policy in America Since 1945: A Study of Business-Government Relations

    Follows the history of government intervention in U.S. energy markets from 1945 to the present and shows how shifting market conditions of surplus and shortage and above all, price have played a determining role in the political process and U.S. fuel policy administration.

    Keywords: energy; political economy; United States; postwar policy; Energy; Energy Sources; Policy; United States;

    Citation:

    Vietor, Richard. Energy Policy in America Since 1945: A Study of Business-Government Relations. Studies in Economic History and Policy: USA in the Twentieth Century. Cambridge University Press, 1984.
  10. Environmental Politics and the Coal Coalition

    Keywords: environmental regulation; coal mining; industrial policy; United States; United States;

    Citation:

    Vietor, Richard. Environmental Politics and the Coal Coalition. Vol. 2, Environmental History Series. Texas A&M University Press, 1980.

Journal Articles

  1. Macroeconomic Policy and U.S. Competitiveness

    The United States is on a glide path to fiscal disaster, with experts projecting that the federal government will take in far less money than it spends-indefinitely. Our current fiscal policy is eroding competitiveness in several ways, and business conditions in the U.S. will deteriorate if there's no change in direction. The authors examine how fiscal policy relates to the three drivers of productivity: improving human capital, increasing physical capital (equipment or software, for example), and using these forms of capital more efficiently. Government spending for many public goods, such as education and infrastructure, contributes directly to one or more of them, whereas spending on health care and entitlements does little to enhance competitiveness directly. Taxes are needed to fund public goods, but they sometimes distort the allocation of human and physical capital. And large government deficits put upward pressure on the cost of borrowing for companies. The authors propose a plan-they call it "20/21 by 2021"-to reduce the deficit from 3.8% of GDP (the Congressional Budget Office's most likely scenario) to just over 1%.

    Keywords: Macroeconomics; Government and Politics; Financial Crisis; Policy; Competition; Public Administration Industry; United States;

    Citation:

    Vietor, Richard H.K., and Matthew Weinzierl. "Macroeconomic Policy and U.S. Competitiveness." Harvard Business Review 90, no. 3 (March 2012).
  2. Corporate Social Responsibility Through an Economic Lens

    Business leaders, government officials, and academics are focusing considerable attention on the concept of "corporate social responsibility" (CSR), particularly in the realm of environmental protection. Beyond complete compliance with environmental regulations, do firms have additional moral or social responsibilities to commit resources to environmental protection? How should we think about the notion of firms sacrificing profits in the social interest? May they do so within the scope of their fiduciary responsibilities to their shareholders? Can they do so on a sustainable basis, or will the forces of a competitive marketplace render such efforts and their impacts transient at best? Do firms, in fact, frequently or at least sometimes behave this way, reducing their earnings by voluntarily engaging in environmental stewardship? And finally, should firms carry out such profit-sacrificing activities (i.e., is this an efficient use of social resources)? We address these questions through the lens of economics, including insights from legal analysis and business scholarship.

    Keywords: Profit; Governance Compliance; Governing Rules, Regulations, and Reforms; Corporate Social Responsibility and Impact; Business and Shareholder Relations; Environmental Sustainability;

    Citation:

    Reinhardt, Forest L., Robert N. Stavins, and Richard H.K. Vietor. "Corporate Social Responsibility Through an Economic Lens." Review of Environmental Economics and Policy 2, no. 2 (summer 2008).
  3. Italy's Economic Half-Miracle

    Keywords: Economics; Italy;

    Citation:

    Vietor, Richard H. K. "Italy's Economic Half-Miracle." Strategy + Business (Second Quarter 2001), 69–79.
  4. Contrived Competition: Economic Regulation and Deregulation, 1920s-80s

    Keywords: Competition; Governing Rules, Regulations, and Reforms;

    Citation:

    Vietor, R. H.K. "Contrived Competition: Economic Regulation and Deregulation, 1920s-80s." Business History 36, no. 4 (October 1994): 1–32.
  5. Government Policy and Energy Markets: A Review Essay

    Keywords: Government and Politics; Policy; Markets;

    Citation:

    Vietor, R. H.K. "Government Policy and Energy Markets: A Review Essay." Journal of Policy History 5, no. 2 (1993): 273–84.
  6. Contrived Competition: Airline Regulation and Deregulation, 1925-88

    Keywords: Competition; Governing Rules, Regulations, and Reforms; Business History; Air Transportation Industry;

    Citation:

    Vietor, R. H.K. "Contrived Competition: Airline Regulation and Deregulation, 1925-88." Business History Review 64, no. 1 (spring 1990): 61–108.

Book Chapters

  1. Government Regulation of Business

    Keywords: Governing Rules, Regulations, and Reforms; Business and Government Relations;

    Citation:

    Vietor, R. H.K. "Government Regulation of Business." In Cambridge Economic History of the United States. 3 vols. Edited by S. L. Engerman, and R. E. Gallman. New York: Cambridge University Press, 2000.
  2. Foreign Firms in the Chinese Power Sector: Economic and Environmental Impacts

    Keywords: Multinational Firms and Management; Energy; Environmental Sustainability; Developing Countries and Economies; Energy Industry; China;

    Citation:

    Reinhardt, F. L., Fiona Murray, and Richard Vietor. "Foreign Firms in the Chinese Power Sector: Economic and Environmental Impacts." In Energizing China: Reconciling Environmental Protection and Economic Growth, edited by M. McElroy, C. Nielsen, and P. Lydon. Cambridge: Harvard University, Committee on Environment, 1998.
  3. Economic Performance

    Keywords: Performance;

    Citation:

    Vietor, R. H.K. "Economic Performance." In Encyclopedia of the United States in the Twentieth Century. Edited by S. I. Kutler. New York: Charles Scribner's Sons, 1996.
  4. Bank of America and Deregulation: The Great Turnaround

    Keywords: Banks and Banking; Governing Rules, Regulations, and Reforms; Business and Government Relations; Banking Industry; United States;

    Citation:

    Vietor, R. H.K. "Bank of America and Deregulation: The Great Turnaround." In Financial Services: Perspectives and Challenges, edited by Samuel L. Hayes III. Boston, MA: Harvard Business School Press, 1993.
  5. Telecommunications: Deregulation and Globalization

    Keywords: Globalized Markets and Industries; Governing Rules, Regulations, and Reforms; Government and Politics; Policy; Telecommunications Industry;

    Citation:

    Vietor, R. H.K., and D. B. Yoffie. "Telecommunications: Deregulation and Globalization." In Beyond Free Trade: Firms, Governments, and Global Competition, edited by D. B. Yoffie. Boston, MA: Harvard Business School Press, 1993.
  6. The Hubris of Regulated Competition in Airlines

    Keywords: Air Transportation; Governing Rules, Regulations, and Reforms; Air Transportation Industry;

    Citation:

    Vietor, R. H.K. "The Hubris of Regulated Competition in Airlines." In Economic Regulation: Theory and History, edited by J. High. Ann Arbor, MI: University of Michigan Press, 1992.
  7. Regulation and Competition in America, 1920s-80s

    Keywords: History; Government and Politics; Business and Government Relations; United States;

    Citation:

    Vietor, R. H.K. "Regulation and Competition in America, 1920s-80s." In Governments, Industries and Markets: Aspects of Government-Industry Relations in Great Britain, Japan, West Germany and the United States of America since 1945, edited by M. Chick. Aldershot: Edward Elgar Publishing, 1990.

Cases and Teaching Materials

  1. America's Budget Impasse

    In the spring of 2013, Barak Obama faced a difficult budgetary challenge—reducing fiscal deficits over ten years without dampening the weak economic recovery but soon enough to avoid another breach of the debt ceiling, with potential default. Finally, in April, he released his budget—calling for spending cuts and tax hikes adding to 1.8 trillion (over ten years). However, in the preceding two weeks, both the House Republicans and the Senate Democrats had approved budget resolutions that were exceedingly different. Now, amidst flurries over gun control and immigration reform came the time to bargain on the macroeconomy of the United States.

    Keywords: United States; competitiveness; stimulus; Budgeting;

    Citation:

    Vietor, Richard H.K. "America's Budget Impasse." Harvard Business School Case 713-078, April 2013.
  2. Turkey—A Work in Progress? (TN)

    Keywords: Turkey; Turkey;

    Citation:

    Vietor, Richard H.K. "Turkey—A Work in Progress? (TN)." Harvard Business School Teaching Note 713-068, February 2013.
  3. Keystone XL Pipeline

    On January 18, 2012, President Obama rejected TransCanada's application for a "national interest" determination to approve construction of the Keystone XL Pipeline. Keystone XL was a 1,700 mile long, 36-inch diameter pipeline to transport 1.1 million barrels a day of Canadian heavy oil from Alberta (and shale oil from Montana) to the American Gulf Coast. But the American environmental community had focused all its resources on stopping Keystone XL – to them, a symbol of the nation's refusal to deal with climate change. Now the head of Keystone had to figure out what had gone wrong, and decide what to do next in order to get the project approved.

    Keywords: energy; petroleum; environmentalism; United States; oil prices; national security; United States;

    Citation:

    Vietor, Richard H. K. "Keystone XL Pipeline." Harvard Business School Case 713-039, December 2012. (Revised from original October 2012 version.)
  4. Australia: Commodities and Competitiveness

    For the past few decades, Australia has dealt with the benefits and costs of repeated mining booms—inflation, a housing bubble, a current account deficit and growing dependence on China. Between 1996 and 2007, however, Australia had most of these issues under control and grew at impressive rates, becoming one of the richest of developed countries. Yet competitiveness in its non-mining sectors declined. Since the financial crisis, additional challenges associated with climate change, minerals taxes, migration and an overvalued currency have complicated the issues facing Julia Gillard and her Labor Party, with a very thin majority.

    Keywords: commodities; competitiveness; carbon tax; environment; capital flows; current account; mining; Goods and Commodities; Australia;

    Citation:

    Alfaro, Laura, Richard H.K. Vietor, Bill Russell, and Hilary White. "Australia: Commodities and Competitiveness." Harvard Business School Case 713-015, October 2012. (Revised from original August 2012 version.)
  5. Turkey—A Work in Progress?

    For the past 10 years, Turkey has grown its real GDP at about 6% annually. This came after a huge debt crisis in 2001-02, wherein Turkey had to borrow $16 billion more from the IMF and comport with its difficult conditionality. Today, Turkey is a middle-income country, in search of an effective development strategy. It tends to run high inflation with a devalued currency, despite massive capital inflows and a huge current account deficit. At home, the government has carefully managed between Islamicization, democracy and secularism. And abroad, it deals with a difficult neighborhood – Syria, Iran, Iraq, Israel (not to mention Russia, Europe and the USA). Prime Minister Erdogan is trying to rewrite the Constitution before 2014 when the next election occurs.

    Keywords: Turkey; Economy; Macroeconomics; International Relations; Growth and Development Strategy; Turkey;

    Citation:

    Vietor, Richard H.K. "Turkey—A Work in Progress?" Harvard Business School Case 713-018, February 2013. (Revised from original August 2012 version.)
  6. Low-carbon, Indigenous Innovation in China

    For the past seven years or so, the Chinese government has been powering ahead with industrial policies to promote low-carbon energy technologies--wind, solar, electric batteries and vehicles, nuclear power, and even carbon capture and sequestration. In 2009, the government focused broadly on "indigenous innovation," a policy to adopt and then develop technology in dozens of high-tech sectors. As with the earlier focus on renewables, explicit governmental policies and subsidies discriminate against foreign products and foreign companies invested in China. The net effects of these initiatives leave low-carbon energy industries in the United States in the dust.

    Keywords: energy; renewables; carbon; environment; industrial policy; competitiveness; Environmental Sustainability; Policy; Renewable Energy; Competition; Globalized Markets and Industries; Energy Industry; China;

    Citation:

    Vietor, Richard H.K. "Low-carbon, Indigenous Innovation in China." Harvard Business School Case 712-061, August 2012. (Revised from original June 2012 version.)
  7. South Africa (A): Stuck in the Middle?

    Fifteen years after ending apartheid, formal unemployment in South Africa was still at 24%. While the country had grown at 4 to 5% annually during the 2000s, the financial crisis set it back by 1 million more unemployed. Moreover, it seemed as if the nation were stuck between low wage and fully developed competitors. The government of Jacob Zuma has just adopted a "New Growth Path," hoping to create several million jobs over the next few years. Both the Finance Minister and the head of the Central Bank support the initiative, but worry how they can sustain fiscal discipline and control inflation, in light of these stimulative policies. Organized labor, meanwhile, has little sympathy for any sort of sacrifice.

    Keywords: Financial Crisis; Inflation and Deflation; Policy; Employment; Wages; Competition; South Africa;

    Citation:

    Vietor, Richard H. K., and Diego Comin. "South Africa (A): Stuck in the Middle?" Harvard Business School Case 711-084, May 2013. (Revised from original April 2011 version.)
  8. India 2012: The Challenges of Governance

    In January 2012, the government of India faced significant challenges to achieving three key objectives of high growth, inclusive development, and improved governance. The economy was experiencing a growth slowdown, persistently high inflation, and infrastructure and energy deficits. Policy reforms were hampered by several recent corruption scandals, widespread citizen protests against corruption, and disagreements with coalition partners. Could India make the right decisions needed to lift hundreds of millions of citizens out of poverty?

    Keywords: Governance; Government and Politics; Problems and Challenges; Economic Growth; India;

    Citation:

    Iyer, Lakshmi, and Richard H. K. Vietor. "India 2012: The Challenges of Governance." Harvard Business School Case 712-038, September 2012. (Revised from original January 2012 version.)
  9. China "Unbalanced"

    In 2010, Wen Jiabao looked back at the financial crisis with some satisfaction. Using aggressive fiscal and monetary policy, China had weathered the crisis successfully, growing 8.7% annually in 2010. Most of the unemployed workers had returned to work, often demonstrating for higher wages or better working conditions. Wen, however, was really focused on his new development strategy - shifting away from export-led growth to ease domestic and international pressures. But many institutional challenges seemed to hamper domestic demand, and Wen was particularly concerned with pressures from America, on China's policies for trade, exchange rates, energy and investment.

    Keywords: Economic Growth; Financial Crisis; Trade; Currency Exchange Rate; Investment; Local Range; Growth and Development Strategy; Demand and Consumers; China;

    Citation:

    Comin, Diego A., and Richard H.K. Vietor. China "Unbalanced". Harvard Business School Case 711-010, March 2012. (Revised from original July 2010 version.)
  10. China "Unbalanced" (TN)

    Teaching Note for 711010.

    Keywords: Financial Crisis; Growth and Development Strategy; Demand and Consumers; Policy; Trade; Currency Exchange Rate; Energy; Investment; China; United States;

    Citation:

    Comin, Diego A., and Richard H.K. Vietor. China "Unbalanced" (TN). Harvard Business School Teaching Note 711-028, March 2012. (Revised from original September 2010 version.)
  11. Suntech Power

    Suntech, a Chinese manufacturer of photovoltaic cells and solar panels, is the third largest solar company in the world. About 90 percent of its sales have been in Europe - especially Germany and Spain. But with its new "pluto" technology, and with new governmental subsidies in China, Japan and the USA, Suntech is shifting its focus - first to the USA, and then to China and Japan. And it has recently moved down-stream in the USA, into systems integration and independent power. The case reviews the structure of competition in solar power, and evaluates Suntech's new strategy.

    Keywords: Renewable Energy; Globalized Markets and Industries; Market Entry and Exit; Industry Structures; Business and Government Relations; Competition; Expansion; Energy Industry; China;

    Citation:

    Vietor, Richard H.K. "Suntech Power." Harvard Business School Case 710-013, January 2012. (Revised from original September 2009 version.)
  12. Duke Energy and the Nuclear Renaissance

    Duke Energy, an American investor-owned electric utility, confronts multibillion dollar decisions about its future fuel mix. In particular, its leaders are considering building new nuclear capacity. Whether this is sensible depends, among other things, on demand growth, capital costs, fossil fuel prices, possible regulatory or other delays in constructing the reactors, and possible future restrictions on carbon dioxide. CEO Jim Rogers believes that nuclear power makes sense form a social standpoint but also must consider the perspectives of his ratepayers and his shareholders.

    Keywords: Energy Industry;

    Citation:

    Vietor, Richard H.K., and Forest L. Reinhardt. "Duke Energy and the Nuclear Renaissance." Harvard Business School Case 712-002, December 2011. (Revised from original September 2011 version.)
  13. Cape Wind: Offshore Wind Energy in the USA (TN)

    Keywords: Energy Sources; Green Technology Industry; Energy Industry; United States;

    Citation:

    Vietor, Richard H.K. "Cape Wind: Offshore Wind Energy in the USA (TN)." Harvard Business School Teaching Note 712-016, November 2011.
  14. AEP: Carbon Capture and Storage (TN)

    Keywords: Energy; Energy Industry; Green Technology Industry;

    Citation:

    Vietor, Richard H.K. "AEP: Carbon Capture and Storage (TN)." Harvard Business School Teaching Note 712-035, November 2011.
  15. A123 Systems: Power. Safety. Life (TN)

    Keywords: Energy;

    Citation:

    Vietor, Richard H.K. "A123 Systems: Power. Safety. Life (TN)." Harvard Business School Teaching Note 712-031, November 2011.
  16. Duke Energy and the Nuclear Renaissance (TN)

    Keywords: Energy Generation;

    Citation:

    Vietor, Richard H.K. "Duke Energy and the Nuclear Renaissance (TN)." Harvard Business School Teaching Note 712-032, November 2011.
  17. Supergrid (TN)

    Keywords: Energy Generation; Utilities Industry;

    Citation:

    Vietor, Richard H.K. "Supergrid (TN)." Harvard Business School Teaching Note 712-033, November 2011.
  18. A123 Systems: Power. Safety. Life.

    A123 Systems, the largest manufacturer of lithium ion batteries in North America, is producing and selling batteries for electric vehicles in China and electric buses in Europe and America. It just opened two plants in Michigan, partially funded by a grant from America's stimulus fund. At the same time, the company is expanding its business in large, grid stabilization systems, in California, Chile and New York. The simultaneous pressures of these two businesses, plus dozens of potential deals pending, are testing the company's management skills, cash reserves and abilities to execute.

    Keywords: Business or Company Management; Diversification; Machinery and Machining; Renewable Energy; Transportation; Management Skills; Corporate Finance; Auto Industry; Battery Industry;

    Citation:

    Vietor, Richard H.K. "A123 Systems: Power. Safety. Life." Harvard Business School Case 711-066, October 2011. (Revised from original February 2011 version.)
  19. Mexico: Crisis and Competitiveness

    In 2010, the bicentennial anniversary of Mexico's revolution against Spain, President Felipe Calderon hoped he could orchestrate several crucial reforms that Mexico needed. Mexico had not grown much over the course of the last decade, losing competitiveness to China and other Asian countries. Several of its institutions, including labor, education, healthcare, energy, and antitrust seemed uncompetitive. But with a weaker peso and greater governmental attention to infrastructure, Calderon hoped that Mexico's higher-tech exports could recapture U.S. market share and make headway in Europe and Latin America.

    Keywords: Economic Growth; Trade; Governing Rules, Regulations, and Reforms; Competitive Strategy; Competitive Advantage; Mexico;

    Citation:

    Musacchio, Aldo, Richard H.K. Vietor, and Regina Garcia-Cuellar. "Mexico: Crisis and Competitiveness." Harvard Business School Case 710-058, August 2011. (Revised from original April 2010 version.)
  20. Suntech Power (TN)

    Teaching Note for 712001.

    Keywords: Multinational Firms and Management; Sales; Technology; Business Subsidiaries; System; Competition; Renewable Energy; Semiconductor Industry; Germany; Spain; United States; China; Japan;

    Citation:

    Vietor, Richard H.K. "Suntech Power (TN)." Harvard Business School Teaching Note 712-001, July 2011.
  21. The Suzlon Edge (TN)

    Teaching Note for 708051.

    Keywords: Price; Non-Renewable Energy; Investment; Problems and Challenges; Weather and Climate Change; Globalization; Renewable Energy; Inflation and Deflation; Production; Machinery and Machining; Family Ownership; Policy; Energy Industry;

    Citation:

    Vietor, Richard H.K. "The Suzlon Edge (TN)." Harvard Business School Teaching Note 711-100, June 2011.
  22. South Africa (B): Getting Unstuck?

    15 years after ending apartheid, formal unemployment in South Africa was still at 24%. While the country had grown at 4 to 5% annually during the 2000s, the financial crisis set it back by 1 million more unemployed. Moreover, it seemed as if the nation were stuck between low wage and fully developed competitors. The government of Jacob Zuma has just adopted a "New Growth Path," hoping to create several million jobs over the next few years. Both the Finance Minister and the head of the Central Bank support the initiative, but worry how they can sustain fiscal discipline and control inflation, in light of these stimulative policies. Organized labor, meanwhile, has little sympathy for any sort of sacrifice.

    Keywords: Financial Crisis; Inflation and Deflation; Policy; Employment; Wages; Competition; South Africa;

    Citation:

    Vietor, Richard H. K., and Diego Comin. "South Africa (B): Getting Unstuck?" Harvard Business School Supplement 711-085, December 2012. (Revised from original April 2011 version.)
  23. Enel: Power, Russia, and Global Markets

    Although the global trend toward liberalization of electric utilities forced Enel, the largest power company in Italy, to give up some of its assets in its home base, it also opened up many opportunities abroad, including in Russia, one of the largest electricity markets in the world. The case outlines Enel's internationalization strategy and then focuses on one piece of the company's strategic puzzle of global expansion: acquisition of major power-generation assets in the course of the break-up of RAO UES, the Russian electricity monopoly. The case highlights the decision-making process by the company executives in the context of possible political risks to foreign investment in Russian strategic industries and economic risks to investment in the yet-to-be-formed liberalized and deregulated electricity market in Russia.

    Keywords: Mergers and Acquisitions; Energy Generation; Foreign Direct Investment; Global Strategy; Globalized Firms and Management; Globalized Markets and Industries; Business and Government Relations; Utilities Industry; Russia; Italy;

    Citation:

    Abdelal, Rawi E., Richard H.K. Vietor, and Sogomon Tarontsi. "Enel: Power, Russia, and Global Markets." Harvard Business School Case 709-046, January 2011. (Revised from original May 2009 version.)
  24. Saudi Arabia: Modern Reform, Enduring Stability. Dubai: Global Economy (TN)

    Teaching Note for 709042 and 709043.

    Keywords: Economy; Governing Rules, Regulations, and Reforms; Globalization; Balance and Stability; Saudi Arabia; Dubai;

    Citation:

    Vietor, Richard H.K. "Saudi Arabia: Modern Reform, Enduring Stability. Dubai: Global Economy (TN)." Harvard Business School Teaching Note 711-039, November 2010.
  25. Mexico: Crisis and Competitiveness (TN)

    Teaching Note for 710058.

    Keywords: Governing Rules, Regulations, and Reforms; Currency; Government and Politics; Trade; Infrastructure; Mexico; China; Europe; Latin America;

    Citation:

    Vietor, Richard H.K., and Aldo Musacchio. "Mexico: Crisis and Competitiveness (TN)." Harvard Business School Teaching Note 711-011, November 2010.
  26. Colombia: Strong Fundamentals, Global Risk

    By mid-2009 Colombian President Alvaro Uribe had ended decades of virtual civil war and strengthened the business climate, but he faced tough economic challenges. Though he had instituted prominent market reforms and brought inflation down sharply, Colombia seemed stuck in a middle ground, industrially behind Brazil or Chile but ahead of poorer Latin American countries. Traditional exports—coal, coffee, oil—still comprised more than half the total, while manufactured exports comprised only a fifth. Public investment in transport and other infrastructure—a perpetual obstacle to growth in mountainous Colombia—remained too low. A major ambition of Uribe or his possible like-minded successor was to secure U.S. Congressional approval of a free trade agreement signed in 2006. But would it really help Colombia diversify its economy? Colombia already had access to the U.S. market but still had a relatively closed economy compared with neighbors such as Mexico or Chile.

    Keywords: Developing Countries and Economies; Economic Growth; Macroeconomics; Trade; Global Strategy; Infrastructure; Business and Government Relations; Colombia;

    Citation:

    Musacchio, Aldo, Richard H. K. Vietor, Jonathan Schlefer, and Carolina Camacho. "Colombia: Strong Fundamentals, Global Risk." Harvard Business School Case 710-012, October 2010. (Revised from original January 2010 version.)
  27. AEP: Carbon Capture and Storage

    By October 2010, American Electric Power, the largest coal-fired, electric utility in the United States, had been operating a carbon capture and sequestration pilot plant for one year. Using a proprietary, Alstom chilled ammonia technology, AEP was capturing and sequestering 90% of the carbon dioxide in a small waste stream at its Mountaineer plant in West Virginia. As part of its larger carbon reduction strategy, AEP was launching construction of a $680 million demonstration plan, partially funded with DOE money. Mike Morris, AEP's chairman, was frustrated though, that Congress had not passed a cap-and-trade bill, and was worried how he would recover AEP's share of this huge investment. Could he find partners in this cutting-edge demonstration, or at least, add it to his utility rate base?

    Keywords: Energy Generation; Government Legislation; Technological Innovation; Partners and Partnerships; Projects; Decision Choices and Conditions; Environmental Sustainability; Problems and Challenges; Utilities Industry; United States;

    Citation:

    Vietor, Richard H.K. "AEP: Carbon Capture and Storage." Harvard Business School Case 711-036, October 2010.
  28. Dubai: Global Economy

    This case, along with Saudi Arabia: “Modern Reform, Enduring Stability” (709-042), provides an opportunity to discuss Saudi Arabia's efforts to modernize, without really Westernizing, in sharp contrast to Dubai, a nearby Arab Emirate. As Saudi Arabia's development strategy unfolds in the past six years, it is contrasted to social and political pressures within the country, volatility in global oil markets, and severe political problems in the Middle East.

    Keywords: Development Economics; Non-Renewable Energy; Globalized Markets and Industries; Government and Politics; Growth and Development Strategy; Saudi Arabia; Dubai; Middle East;

    Citation:

    Vietor, Richard H. K., and Nicole Michele Forrest. "Dubai: Global Economy." Harvard Business School Case 709-043, August 2010. (Revised from original February 2009 version.)
  29. Saudi Arabia: Modern Reform, Enduring Stability

    This case, along with “Dubai: Global Economy” (709-043), provides an opportunity to discuss Saudi Arabia's efforts to modernize, without really Westernizing, in sharp contrast to Dubai, a nearby Arab Emirate. As Saudi Arabia's development strategy unfolds in the past six years, it is contrasted to social and political pressures within the country, volatility in global oil markets, and severe political problems in the Middle East.

    Keywords: Development Economics; Non-Renewable Energy; Globalized Markets and Industries; Government and Politics; Growth and Development Strategy; Saudi Arabia; Dubai; Middle East;

    Citation:

    Vietor, Richard H. K., and Nicole Michele Forrest. "Saudi Arabia: Modern Reform, Enduring Stability." Harvard Business School Case 709-042, August 2010. (Revised from original February 2009 version.)
  30. China: Getting Richer Still

    In the last quarter of 2009, China's GDP growth rate again approached 10%. While the global financial crisis had certainly hurt - causing layoffs of as many as 20 million factory workers - a huge stimulus package on top of continuing domestic demand had restored economic growth from its sharp, export-led stump. Now, Hu Jintao and Wen Jiabao could return their attention to job growth, income distribution, resource allocation, excessive reserve accumulation and the environment.

    Keywords: History; Resource Allocation; Corporate Social Responsibility and Impact; Social Issues; Policy; Business and Government Relations; Macroeconomics; Demand and Consumers; Leading Change; Economic Growth; China;

    Citation:

    Comin, Diego A., and Richard H. K. Vietor. "China: Getting Richer Still." Harvard Business School Case 710-050, April 2010. (Revised from original February 2010 version.)
  31. Malaysia: Halfway to 2020

    This country case on Malaysia extends forward by seven years the case “Malaysia: Capital and Control” (702-040). It is based on Malaysia's ninth plan, which took effect in 2006. The ninth plan proposed five thrusts—moving the economy to higher value-added goods and services, raising the capacity for knowledge, addressing socioeconomic inequalities, improving the quality of life, and strengthening institutions and the civil service—to achieve 6% growth annually. All of this is to achieve "Vision 2020," a long-range plan for becoming developed. Considers the difficulties Malaysia faces, stuck between China and India on the low (value-added) side, and Korea, Taiwan, and Singapore on the high (value-added) end.

    Keywords: Developing Countries and Economies; Growth and Development Strategy; Strategic Planning; Welfare or Wellbeing; Equality and Inequality; Malaysia;

    Citation:

    Vietor, Richard H.K. "Malaysia: Halfway to 2020." Harvard Business School Case 707-002, August 2009. (Revised from original November 2006 version.)
  32. Sinopec: Refining its Strategy

    China's oil industry, with majority ownership vested in the government, had engaged in an "equity oil" strategy for the past few years-acquiring equity interests in oil producing nations including Sudan, Angola, and Iran. Outside critics, however, suggested that the Chinese companies could buy oil in the highly fungible global marketplace. But Sinopec, the nation's largest refiner, was one of the three companies (together with PetroChina and CNOOC) engaged in the equity oil play. With China's energy demands swelling-especially petroleum of which it had limited reserves-Sinopec was struggling to increase output rapidly enough to keep pace with the rapid growth of their automobile sector. And it had to make money soon.

    Keywords: Non-Renewable Energy; Equity; Foreign Direct Investment; Growth and Development Strategy; Demand and Consumers; State Ownership; Energy Industry; China;

    Citation:

    Vietor, Richard H.K., and Julia Galef. "Sinopec: Refining its Strategy." Harvard Business School Case 708-018, November 2008. (Revised from original September 2007 version.)
  33. Supergrid

    Supergrid is a mammoth wind-power development scheme for Europe, recently proposed by Airtricity. This firm, founded in 1997, is a fast-growing power-development company focused on wind. Already having built about 600 megawatts of wind turbines in Scotland and Ireland, Airtricity has now expanded to the United States. But its "Supergrid" proposal, to build offshore wind turbines with capacity of 30,000 megawatts of power, would change the face of European energy networks, use new technology, and help several European countries meet their Kyoto targets for reducing CO2. The issues are whether a small company like Airtricity has the human and capital resources to pull this off, and whether the U.K., Germany, the Netherlands, and the EU can be made to cooperate on such a project.

    Keywords: Energy Generation; Renewable Energy; Entrepreneurship; Performance Capacity; Business and Government Relations; Environmental Sustainability; Energy Industry; Europe; United States;

    Citation:

    Vietor, Richard H.K. "Supergrid." Harvard Business School Case 707-016, November 2008. (Revised from original September 2006 version.)
  34. Note on the Global Wind Industry

    This note provides background information on the global wind industry and is meant to accompany HBS cases "The Suzlon Edge" (708-051); "Cape Wind: Offshore Wind Energy in the USA" (708-022); and "Supergrid" (707-016).

    Keywords: Renewable Energy; Globalized Markets and Industries; Energy Industry;

    Citation:

    Vietor, Richard H. K., and Juliana Seminerio. "Note on the Global Wind Industry." Harvard Business School Background Note 709-005, October 2008.
  35. The Suzlon Edge

    With prices of oil, coal and gas at historically high levels, the wind industry had installed more than 20,000 MW of wind energy, representing a $37 billion investment in 2007. Besides high prices, wind energy represented a solution for consumers seeking an energy source that would not add to the problems associated with global climate change. Suzlon Energy Limited (Suzlon), India's largest manufacturer of wind turbines, had evolved from a small family-run business into a global enterprise spanning four continents in just over a decade. But would the costs associated with the aggressive growth policy be too much for a young company to handle?

    Keywords: Family Business; Cost vs Benefits; Renewable Energy; Globalized Firms and Management; Growth and Development Strategy; Integration; Weather and Climate Change; Environmental Sustainability; Energy Industry; India;

    Citation:

    Vietor, Richard H.K., and Juliana Seminerio. "The Suzlon Edge." Harvard Business School Case 708-051, August 2008. (Revised from original June 2008 version.)
  36. Cape Wind: Offshore Wind Energy in the USA

    Cape Wind is an extreme example of NIMBY--not in my backyard syndrome. This is the first offshore wind project planned for the United States, in Nantucket Sound, just south of Cape Cod, Massachusetts. Initially proposed six years ago, in 2001, the wind farm would be visible from Hyannis port and Osterville, two affluent communities. The coastal residents of those towns have led a campaign in Massachusetts and in Congress to thwart the efforts of Cape Wind. This case introduces the global wind industry, the rationale for wind, and then carefully reviews the various issues associated with the project.

    Keywords: Renewable Energy; Corporate Entrepreneurship; Business Startups; Projects; Government and Politics; Environmental Sustainability; Business and Community Relations; Public Opinion; Power and Influence; Energy Industry; Massachusetts;

    Citation:

    Vietor, Richard. "Cape Wind: Offshore Wind Energy in the USA." Harvard Business School Case 708-022, May 2008. (Revised from original January 2008 version.)
  37. The Offshoring of America

    The movement from jobs in the United States to developing countries, in a process known as offshoring, has become quite a controversial topic. Managers not only need to decide which activities, if any, to move offshore, but where to move them. This case describes the nature of offshoring and its effect on developing countries.

    Keywords: Developing Countries and Economies; Job Cuts and Outsourcing; Operations; Business Processes; United States;

    Citation:

    Vietor, Richard H.K., Jan W. Rivkin, and Juliana Seminerio. "The Offshoring of America." Harvard Business School Case 708-030, April 2008. (Revised from original February 2008 version.)
  38. China and the WTO: What Price Membership?

    China has been a member of the WTO for more than five years. Its implementation of requirements has been a mixed bag. While China's growth is still spectacular, many institutional problems remain. And there is a new problem--a spectacular trade asymmetry with the United States.

    Keywords: Trade; Governance Compliance; International Relations; Problems and Challenges; China; United States;

    Citation:

    Vietor, Richard H.K., and Julia Galef. "China and the WTO: What Price Membership?" Harvard Business School Case 707-032, April 2008. (Revised from original December 2006 version.)
  39. Saudi Arabia: Getting the House in Order

    Provides a vehicle to explore Islamic development and political issues within BGIE (business, government, and international economy). Set in early 2002, the case focuses on Crown Prince Abdullah's efforts to liberalize a failing rentier state, that had been dependent on petroleum for too long. His efforts to liberalize, however, come at a politically and socially sensitive time--just after September 11, 2001, and in the midst of the Palestinian intifada. In a desperate effort to maintain oil prices, OPEC has recently reduced output by 1.5 million barrels daily, with Saudi Arabia bearing the largest cut.

    Keywords: Disruption; Development Economics; Non-Renewable Energy; Governing Rules, Regulations, and Reforms; International Relations; Leading Change; Saudi Arabia; Middle East;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Saudi Arabia: Getting the House in Order." Harvard Business School Case 702-031, March 2008. (Revised from original March 2002 version.)
  40. India on the Move

    By 2003, India had been growing at almost 6% annually since 1992, after it suffered a financial collapse, abandoned import substitution, and moved gradually to adopt the Washington Consensus. Now, financial controls and competition barriers are less burdensome, inflation is lower, and the current account is balanced. However, the finance minister faces difficulties with massive fiscal deficits and continuing disturbances with Pakistan that seem to deter foreign direct investment (FDI). The question facing him is whether India can reduce these deficits (in the face of a 2004 election) or whether to let them slide, hoping that India's entrepreneurs and high-tech southern states will carry the day.

    Keywords: Developing Countries and Economies; Economic Growth; Entrepreneurship; Foreign Direct Investment; Business and Government Relations; India;

    Citation:

    Vietor, Richard H.K., and Emily Thompson. "India on the Move." Harvard Business School Case 703-050, March 2008. (Revised from original June 2003 version.)
  41. Singapore Inc.

    In early 2003, Prime Minister Goh Chok Tong is assessing Singapore's development strategy--tax cutting combined with an industrial policy focused on six "clusters," including biomedical sciences. After 36 years of stupendous growth, Singapore has slowed down and faces intense competition in exports and foreign direct investment, especially from China. Is its new strategy the right choice? This case examines several key aspects of Singapore's growth, including organizational/cultural arrangements, the savings/investment balance, and total factor productivity growth.

    Keywords: Development Economics; Economic Growth; Growth and Development Strategy; Industry Clusters; Business and Government Relations; Competition; China; Singapore;

    Citation:

    Vietor, Richard H.K., and Emily Thompson. "Singapore Inc." Harvard Business School Case 703-040, February 2008. (Revised from original February 2003 version.)
  42. Italy: If not now, when?

    Describes Italy's main macroeconomic problems: low productivity growth, stagnant GDP growth, and high public debt. As of early 2007, the country's global competitiveness has plummeted and its debt remains well above the level allowed by the EU's Maastricht treaty. Historical and structural reasons for the current situation are explored, and Italy's possible strategies are discussed in the context of the country's challenging political climate. A replacement of an earlier case done in 2003.

    Keywords: Economic Slowdown and Stagnation; Macroeconomics; Borrowing and Debt; International Relations; Competition; Italy;

    Citation:

    Vietor, Richard H.K., and Julia Galef. "Italy: If not now, when?" Harvard Business School Case 707-051, November 2007. (Revised from original June 2007 version.)
  43. China and the WTO: What Price Membership? (TN)

    Teaching Note to 707032.

    Keywords: Trade; Growth and Development; Problems and Challenges; China; United States;

    Citation:

    Vietor, Richard H.K. "China and the WTO: What Price Membership? (TN)." Harvard Business School Teaching Note 708-009, September 2007.
  44. China: "To Get Rich is Glorious" (TN)

    Teaching Note to 707022.

    Keywords: China;

    Citation:

    Vietor, Richard H.K. China: "To Get Rich is Glorious" (TN). Harvard Business School Teaching Note 708-008, September 2007.
  45. China: 'To Get Rich is Glorious'

    In 1978, Deng Xiaoping assumed the leadership of an impoverished China, after Mao Zedong's disastrous Cultural Revolution. During the next 17 years, Deng applied pragmatic policies to liberalize the Chinese economy gradually while maintaining the power of the Communist state. In hindsight, this strategy was among the most successful development strategies ever. Reviews Chinese political history and explores in detail eight parts of Deng's development strategy. Concludes by looking at the problems facing Jiang Zemin in 1997 as he takes control of China for the next leg of economic development.

    Keywords: History; Leadership; Privatization; Policy; Macroeconomics; Economic Systems; Development Economics; Government and Politics; Business Strategy; Growth and Development Strategy; China;

    Citation:

    Vietor, Richard H.K., and Julia Galef. "China: 'To Get Rich is Glorious'." Harvard Business School Case 707-022, April 2013. (Revised from original November 2006 version.)
  46. American Outsourcing

    Covers the phenomenon of outsourcing jobs from the United States. Reviews the evolution of Mexico's Maquiladoras, manufacturing special economic areas in China, and information technology and service-sourcing in India. Also reviews exports/imports, exchange rates, wages, and jobs. Considers major outsourcer General Electric's moves to these countries and its plans. Compares Mexico and China, and India and China, asking what the United States and GE should be doing.

    Keywords: Job Cuts and Outsourcing; Employment; Emerging Markets; Wages; Trade; United States; Mexico; China; India;

    Citation:

    Vietor, Richard H.K., and Alexander Veytsman. "American Outsourcing." Harvard Business School Case 705-037, February 2007. (Revised from original April 2005 version.)
  47. How Countries Compete: National Strategies for Globalization (FSS)

    Keywords: International Relations; Strategy; Globalization;

    Citation:

    Vietor, Richard H.K. "How Countries Compete: National Strategies for Globalization (FSS)." Harvard Business School Class Lecture 707-039, January 2007.
  48. Japan: Deficits, Demography, and Deflation

    By 2005, Japan's debt had risen to 163% of GDP. For more than a decade, the government had run huge deficits, trying unsuccessfully to stimulate economic growth. Interest rates, meanwhile, had been zero for years. But with slow growth and banks in crisis, nothing had worked very well until some recovery in 2004. Now, the government is trying to repair its fiscal damage in the face of continuing slow growth and huge pension and health care obligations to a population that is aging fast. Hezio Takenaka, the minister for economy and postal privatization, faces a imposing agenda--to restart the economy while lowering the deficits and reforming social security.

    Keywords: Economy; Economic Growth; Demographics; Financial Condition; Inflation and Deflation; Banks and Banking; Borrowing and Debt; Macroeconomics; Policy; Government and Politics; Welfare or Wellbeing; Health Care and Treatment; Japan;

    Citation:

    Vietor, Richard H.K. "Japan: Deficits, Demography, and Deflation." Harvard Business School Case 706-004, December 2006. (Revised from original July 2005 version.)
  49. Yangcheng: AES in China

    AES, an American electric power company with 141 plants worldwide, is just completing construction of a 2,100-MW plant in China--the largest ever. The project, a joint venture with five local companies, has several environmental, ownership, and operational issues as construction is completed. The decision point is whether AES should explore issues of foreign direct investment as they pertain to the environment. Do U.S. MNCs run operations abroad at the same level of environmental efficacy as in their home country? If not, why not? And what are the local barriers and competitive reasons for not doing so?

    Keywords: Energy Generation; Joint Ventures; Foreign Direct Investment; Environmental Sustainability; Problems and Challenges; Energy Industry; China;

    Citation:

    Vietor, Richard H.K. "Yangcheng: AES in China." Harvard Business School Case 702-006, August 2006. (Revised from original May 2002 version.)
  50. Turkey: Securing Stability in a Rough Neighborhood

    After suffering years of volatility and crises, Turkey desperately sought macroeconomic and political stability in an ever-worsening region of the world. In the short term, Turkey had to repay its debt, which amounted to more than 80% of GDP. By January 2004, Turkey had entered the final stages of the IMF's latest $17 billion loan program. Each review required that Turkey meet specific goals of monetary control (e.g., reducing inflation), restructuring the banking sector, reforming the public sector, and increasing privatization. The country's long-term goal, joining the European Union, would be reached only if the EU's required criteria were met. Elected in November 2002 and the first absolute majority in Parliament in 15 years, the AKP party promised to meet both IMF and EU requirements. Although his AKP party had Islamic roots, Prime Minister Erdogan planned to prove that Turkey was a stable, secular democracy. After Turkey met the EU's requirements, the question remained: Would the EU's "Christian club" accept a Muslim Turkey?

    Keywords: Public Sector; Inflation and Deflation; Macroeconomics; Borrowing and Debt; Banks and Banking; International Finance; Privatization; Religion; Turkey; European Union;

    Citation:

    Vietor, Richard H.K., and Emily Thompson. "Turkey: Securing Stability in a Rough Neighborhood." Harvard Business School Case 704-045, November 2005. (Revised from original May 2004 version.)
  51. Japan: Deficits, Demography and Deflation (TN)

    Keywords: Sovereign Finance; Demographics; Inflation and Deflation; Japan;

    Citation:

    Vietor, Richard H.K. "Japan: Deficits, Demography and Deflation (TN)." Harvard Business School Teaching Note 706-020, November 2005.
  52. Turkey: Securing Stability in a Rough Neighborhood (TN)

    Teaching Note to (9-704-005). A rewritten version of an earlier note.

    Keywords: Turkey; European Union;

    Citation:

    Vietor, Richard H.K. "Turkey: Securing Stability in a Rough Neighborhood (TN)." Harvard Business School Teaching Note 705-038, June 2005.
  53. Japan: Beyond the Bubble

    By the summer of 2001, Japan's economy had been generally stagnant for nearly 10 years--since the collapse of the bubble economy in 1990-91. The development strategy that drove the nation during earlier decades was fulfilled, and by 1989 Japan's GDP per capita exceeded that of the United States. Facing another downturn, Prime Minister Koizumi seemed ready politically to undertake real change. A rewritten version of an earlier case.

    Keywords: History; Strategy; Development Economics; Economic Slowdown and Stagnation; Macroeconomics; Japan;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Japan: Beyond the Bubble." Harvard Business School Case 702-004, June 2005. (Revised from original July 2001 version.)
  54. Japan: Beyond the Bubble Supplement

    Supplements the case Japan: Beyond the Bubble.

    Keywords: Japan;

    Citation:

    Vietor, Richard H.K., and Emily Thompson. "Japan: Beyond the Bubble Supplement." Harvard Business School Case 704-044, May 2005. (Revised from original April 2004 version.)
  55. South Africa: Getting in GEAR

    In 1997, Thabo Mbeki is contemplating South Africa's performance since the end of Apartheid in 1994. The economy has done fairly well, but the government's macroeconomic strategy calls for higher growth and employment creation. The case describes the country's history, especially Apartheid, and various social problems that persist: unemployment, inadequate infrastructure, AIDS, crime, and education. Tries to understand the interaction between these problems and the macroeconomic strategy, and considers whether another approach is necessary.

    Keywords: History; Health Disorders; Social Issues; Infrastructure; Macroeconomics; Strategy; Crime and Corruption; Employment; Education; Economy; South Africa;

    Citation:

    Vietor, Richard H.K. "South Africa: Getting in GEAR." Harvard Business School Case 798-012, September 2004. (Revised from original August 1997 version.)
  56. South Africa Supplement

    Updates the case.

    Keywords: South Africa;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "South Africa Supplement." Harvard Business School Supplement 700-052, April 2004. (Revised from original October 1999 version.)
  57. China Supplement

    Updates the case.

    Keywords: China;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "China Supplement." Harvard Business School Supplement 701-033, April 2004. (Revised from original September 2000 version.)
  58. European Monetary Union

    On January 1, 1999, 11 European countries unified their currencies--48 years after their first integrative efforts. This marks a huge development in the structure of Europe and the world's economy. This case examines the integrative process, the Single Europe Act and its impact on market structure during the past 13 years, and monetary union. Provides data as of 1998 on European macroeconomics integration and data in the mid-1990s on integration of product markets, capital markets, and labor markets.

    Keywords: Money; Currency; Globalized Economies and Regions; Markets; International Relations; Alliances; System; Integration; Macroeconomics; Business and Government Relations; European Union;

    Citation:

    Vietor, Richard H.K., and Sabina M. Ciminero. "European Monetary Union." Harvard Business School Case 799-131, December 2003. (Revised from original May 1999 version.)
  59. Mexico: The Unfinished Agenda

    President Vincente Fox takes over in Mexico on December 1, 2000--a political revolution ending 71 years of PRI rule. In the past five years, Mexico has solved a number of macroeconomic problems and had a good run of economic growth. But a host of microeconomic problems have been largely ignored for years--poverty, income distribution, education, labor reform, energy and the environment, crime, and drugs. The Fox administration is trying to lay out plans for mitigating all of these problems at once--a very ambitious strategy. Do they have the problems right, and will it work?

    Keywords: Economic Growth; Macroeconomics; Microeconomics; Policy; Government and Politics; Strategic Planning; Problems and Challenges; Mexico;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Mexico: The Unfinished Agenda." Harvard Business School Case 701-116, December 2003. (Revised from original May 2001 version.)
  60. Italy: A New Commitment to Growth

    Examines Italy's efforts to comply with the Maastricht Treaty and become integrated with Europe in the European Union. By 2002, Italy has achieved macroeconomic stability, but slow growth threatens the country's future competitiveness. Prime Minister Silvio Berlusconi has proposed an aggressive reform package, including tax cuts, infrastructure projects, and labor and pension reform. If these economic reforms are passed, Italy may be in jeopardy of breaching the stability and growth pact. A rewritten version of an earlier case.

    Keywords: Macroeconomics; Economic Growth; Competitive Strategy; Integration; Governing Rules, Regulations, and Reforms; Policy; Government and Politics; Globalized Economies and Regions; International Relations; Alliances; Italy; European Union;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Italy: A New Commitment to Growth." Harvard Business School Case 703-007, December 2003. (Revised from original August 2002 version.)
  61. World Oil Markets

    Summarizes world markets for oil and natural gas from 1980-2001. Examines the rise of OPEC, two oil shocks, Gulf War efforts, and recent pricing issues facing Saudi Arabia.

    Keywords: Energy Sources; Asset Pricing; Markets; Organizations; Saudi Arabia;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "World Oil Markets." Harvard Business School Case 702-030, November 2003. (Revised from original April 2002 version.)
  62. South Africa: Getting in GEAR TN

    Teaching Note for (9-798-012).

    Keywords: South Africa;

    Citation:

    Vietor, Richard H.K. "South Africa: Getting in GEAR TN." Harvard Business School Teaching Note 799-010, July 2003. (Revised from original August 1998 version.)
  63. European Monetary Union TN

    Teaching Note for (9-799-131).

    Keywords: European Union;

    Citation:

    Vietor, Richard H.K. "European Monetary Union TN." Harvard Business School Teaching Note 799-155, July 2003. (Revised from original June 1999 version.)
  64. Italy: A New Commitment to Growth (TN)

    Teaching Note for (9-703-007).

    Keywords: Italy; European Union;

    Citation:

    Vietor, Richard H.K. "Italy: A New Commitment to Growth (TN)." Harvard Business School Teaching Note 704-005, July 2003.
  65. Singapore Inc. (TN)

    Teaching Note for (9-703-040).

    Keywords: Developing Countries and Economies; Growth and Development Strategy; Taxation; Industry Clusters; Competitive Strategy; Foreign Direct Investment; Policy; Organizational Culture; Saving; Performance Productivity; Balance and Stability; China; Singapore;

    Citation:

    Vietor, Richard H.K. "Singapore Inc. (TN)." Harvard Business School Teaching Note 703-049, July 2003. (Revised from original April 2003 version.)
  66. India on the Move (TN)

    Teaching Note for (9-703-050).

    Keywords: Financial Crisis; Adoption; Foreign Direct Investment; Macroeconomics; Trade; Governance Controls; Competition; Inflation and Deflation; Entrepreneurship; India; Pakistan;

    Citation:

    Vietor, Richard H.K. "India on the Move (TN)." Harvard Business School Teaching Note 703-054, July 2003. (Revised from original June 2003 version.)
  67. Japan: Beyond the Bubble TN

    Teaching Note for (9-702-004).

    Keywords: Japan;

    Citation:

    Vietor, Richard H.K. "Japan: Beyond the Bubble TN." Harvard Business School Teaching Note 702-003, June 2003. (Revised from original July 2001 version.)
  68. India (A)

    Outlines India's import substitution strategy and its planned development process. The effects of the difficult political and social context on economic development are analyzed. The failure of the system to achieve sustainable growth and improvement leads to attempts at reforms which, along with worsening political and ethnic conflicts, lead to a crisis in 1991.

    Keywords: Development Economics; Governing Rules, Regulations, and Reforms; Strategy; Trade; Government and Politics; Economic Growth; Policy; Ethnicity Characteristics; India;

    Citation:

    Vietor, Richard H.K., Waleed J. Iskandar, and Max L. Weston. "India (A)." Harvard Business School Case 793-112, March 2003. (Revised from original February 1993 version.)
  69. India Supplement

    Supplements the case.

    Keywords: India;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "India Supplement." Harvard Business School Supplement 700-060, September 2002. (Revised from original October 1999 version.)
  70. Singapore Supplement

    Updates the case. Designed as an in-class handout. A rewritten version of an earlier supplement.

    Keywords: Government and Politics; Singapore;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Singapore Supplement." Harvard Business School Supplement 700-050, September 2002. (Revised from original September 1999 version.)
  71. Saudi Arabia: Getting the House in Order/World Oil Markets, TN

    Teaching Note for (9-702-031) and (9-702-030).

    Keywords: Saudi Arabia;

    Citation:

    Vietor, Richard H.K. "Saudi Arabia: Getting the House in Order/World Oil Markets, TN." Harvard Business School Teaching Note 702-081, June 2002. (Revised from original March 2002 version.)
  72. Freeport Indonesia

    In 1996, PT Freeport Indonesia, the mining subsidiary of Freeport McMoRan, had just completed an expansion of its copper and gold mine in the western half of New Guinea. The mine, which had dealt with numerous environmental and sociocultural problems over the past couple of years, had recently proposed concrete plans for dealing with problems of acid drainage and spoils deposition. Now, although under widespread criticism and attack, the company is undergoing environmental and social audits and is again contemplating a major expansion.

    Keywords: Trade; Mining; Environmental Sustainability; Business Strategy; Expansion; Social Issues; Mining Industry; Indonesia;

    Citation:

    Vietor, Richard H.K. "Freeport Indonesia." Harvard Business School Case 796-124, January 2002. (Revised from original March 1996 version.)
  73. Noranda Inc.: Mining, Smelting, and Sustainability?

    Noranda is a $7 billion international mining and smelting company headquartered in Canada. It has been cited for its fine environmental record. This case explores the issue of sustainability--in this case, for a mining company. Over time, and under nongovernmental organization and governmental pressure, Norando moves gradually to goals approximating sustainability. At issue is the sustainability of Noranda's expenditures on environmental mitigation and the degree to which Noranda employs (or should employ) "best country" standards everywhere it operates.

    Keywords: Cost vs Benefits; Mining; Cost Management; Multinational Firms and Management; Governing Rules, Regulations, and Reforms; Policy; Environmental Sustainability; Mining Industry;

    Citation:

    Vietor, Richard H.K. "Noranda Inc.: Mining, Smelting, and Sustainability?" Harvard Business School Case 702-009, January 2002.
  74. Mexico: The Unfinished Agenda TN

    Teaching Note for (9-701-116).

    Keywords: Mexico;

    Citation:

    Vietor, Richard H.K. "Mexico: The Unfinished Agenda TN." Harvard Business School Teaching Note 702-007, August 2001.
  75. Japan Supplement

    Supplements Japan: "Free, Fair, and Global?"

    Keywords: Japan;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Japan Supplement." Harvard Business School Supplement 701-139, May 2001.
  76. China's Accession to the WTO

    Supplements The World Trade Organization: After the Seattle Protests.

    Keywords: Trade; Globalized Economies and Regions; Social Issues; China; Seattle;

    Citation:

    Vietor, Richard H.K. "China's Accession to the WTO." Harvard Business School Supplement 701-081, February 2001. (Revised from original January 2001 version.)
  77. Mexico in Debt

    Describes Mexico's political and economic system in the 1960s and 1970s. Focuses on: 1) the causes of the debt crisis in 1982; 2) elements of President de la Madrid's restructuring efforts between 1982-88; President Salinas's attempts to complete restructuring and bring the macroeconomy into a period of high growth with low inflation; NAFTA; and the events leading up to Mexico's 1995 currency crisis.

    Keywords: Restructuring; Economic Systems; Financial Crisis; Inflation and Deflation; Macroeconomics; Borrowing and Debt; Government and Politics; Mexico;

    Citation:

    Vietor, Richard H.K., and Eilene Zimmerman. "Mexico in Debt." Harvard Business School Case 797-110, February 2001. (Revised from original April 1997 version.)
  78. Mexico in Debt Supplement

    Supplements Mexico in Debt.

    Keywords: Mexico;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Mexico in Debt Supplement." Harvard Business School Supplement 700-051, October 2000. (Revised from original September 1999 version.)
  79. Shock Therapy in Eastern Europe: Supplement

    Supplements Shock Therapy in Eastern Europe: The Polish and Czechoslovakia Economic Reforms. Designed as an in-class handout.

    Keywords: Governing Rules, Regulations, and Reforms; Macroeconomics; Slovakia; Czech Republic; Poland;

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Shock Therapy in Eastern Europe: Supplement." Harvard Business School Supplement 700-054, June 2000. (Revised from original October 1999 version.)
  80. Japan: "Free, Fair, and Global?" TN

    Teaching Note for (9-798-083).

    Keywords: Japan;

    Citation:

    Vietor, Richard H.K. Japan: "Free, Fair, and Global?" TN. Harvard Business School Teaching Note 799-006, April 2000. (Revised from original July 1998 version.)
  81. Freeport Indonesia TN

    Teaching Note for (9-796-124).

    Keywords: Mining Industry; Indonesia;

    Citation:

    Vietor, Richard H.K. "Freeport Indonesia TN." Harvard Business School Teaching Note 799-007, April 2000. (Revised from original July 1998 version.)
  82. Japan Confronts an Interdependent World, Supplement 1997

    Provides an update. Designed as a class handout.

    Keywords: Japan; United States;

    Citation:

    Vietor, Richard H.K., and Eilene Zimmerman. "Japan Confronts an Interdependent World, Supplement 1997." Harvard Business School Supplement 797-144, January 2000. (Revised from original May 1997 version.)
  83. Mexico in Debt TN

    Teaching Note for (9-797-110) and (9-700-051).

    Keywords: Mexico;

    Citation:

    Vietor, Richard H.K. "Mexico in Debt TN." Harvard Business School Teaching Note 799-009, January 2000. (Revised from original August 1998 version.)
  84. Indonesia (A)

    Keywords: Indonesia;

    Citation:

    Vietor, Richard H.K., Louis T. Wells Jr., Neil Gelfand, and Mark Hildebrand. "Indonesia (A)." Harvard Business School Case 796-125, November 1999. (Revised from original February 1996 version.)
  85. Indonesia (A): Supplement

    Citation:

    Vietor, Richard H.K., and Rebecca Evans. "Indonesia (A): Supplement." Harvard Business School Supplement 700-053, September 1999.
  86. European Monetary Union: Honeywell Europe

    Supplements the case.

    Keywords: Industrial Products Industry; European Union;

    Citation:

    Vietor, Richard H.K., and Sabina M. Ciminero. "European Monetary Union: Honeywell Europe." Harvard Business School Supplement 799-151, May 1999.
  87. Japan: "Free, Fair, and Global?"

    In April 1998, Prime Minister Hashimoto faced serious problems, both with his program of six systemic reforms and with his fiscal policy. Japan had been in effective recession for six years, unable to retain the miracle-growth achieved in earlier decades. Hashimoto has proposed to reform social security, fiscal policy, administration, regulation, education, and especially the financial system. But institutional rigidities--the bureaucracy, labor policies, corporate governance, and the aging population among others--has made change exceedingly difficult.

    Keywords: History; Sovereign Finance; Development Economics; Social Issues; Education; Policy; Government Administration; Financial Crisis; Japan;

    Citation:

    Vietor, Richard H.K., and Stephen E. Lynagh. Japan: "Free, Fair, and Global?". Harvard Business School Case 798-083, January 1999. (Revised from original May 1998 version.)
  88. Asia's Financial Crisis (TN)

    Teaching Note for (1-798-081) (a reprint).

    Keywords: Financial Crisis; Asia;

    Citation:

    Vietor, Richard H.K. "Asia's Financial Crisis (TN)." Harvard Business School Teaching Note 799-008, August 1998.
  89. China (A): Supplement

    Updates China (A): The Great Awakening. To be handed out in class following discussion of the case.

    Keywords: Government and Politics; Developing Countries and Economies; China;

    Citation:

    Vietor, Richard H.K., and Eilene Zimmerman. "China (A): Supplement." Harvard Business School Supplement 796-167, September 1997. (Revised from original May 1996 version.)
  90. India (B)

    Outlines the changes implemented by the new government led by Prime Minister Rao.

    Keywords: Government and Politics; Change Management; India;

    Citation:

    Vietor, Richard H.K., Waleed J. Iskandar, and Max L. Weston. "India (B)." Harvard Business School Supplement 793-113, May 1997. (Revised from original February 1993 version.)
  91. Reconstruction of Zambia, Supplement--1997

    Updates the case. Designed as an in-class handout.

    Keywords: Zambia; Africa;

    Citation:

    Vietor, Richard H.K., and Eilene Zimmerman. "Reconstruction of Zambia, Supplement--1997." Harvard Business School Case 797-056, May 1997. (Revised from original October 1996 version.)
  92. Reconstruction of Zambia

    Examines the causes of decline--economic, social, and political--of the Zambian economy since 1974. It takes place at the time of the election of Frederick Chiluba, in October 1991. Examines the problems of economic development in Africa, and especially, of structural reform away from closed, statist systems of government. Also examines the problems of external debt and the reliance on commodity industries to produce foreign exchange.

    Keywords: Business Cycles; Development Economics; Developing Countries and Economies; Economic Slowdown and Stagnation; Borrowing and Debt; International Finance; Political Elections; Africa; Zambia;

    Citation:

    Vietor, Richard H.K. "Reconstruction of Zambia." Harvard Business School Case 792-089, April 1997. (Revised from original April 1992 version.)
  93. Reconstruction of Zambia, Supplement--1992

    Outlines new government economic plans and first actions after election. To be handed out in class after discussion of main case.

    Keywords: Developing Countries and Economies; Zambia;

    Citation:

    Vietor, Richard H.K. "Reconstruction of Zambia, Supplement--1992." Harvard Business School Supplement 792-092, October 1996. (Revised from original April 1992 version.)
  94. Poland--1989, Supplement

    Provides an update. Designed as an in-class handout.

    Keywords: Poland;

    Citation:

    Vietor, Richard H.K., and Eilene Zimmerman. "Poland--1989, Supplement." Harvard Business School Case 797-057, October 1996.
  95. Controlling International Oil (B): The Rise and Fall of OPEC (Abridged)

    Keywords: Business and Government Relations; Energy Industry;

    Citation:

    Vietor, Richard H.K., and Debora L. Spar. "Controlling International Oil (B): The Rise and Fall of OPEC (Abridged)." Harvard Business School Case 796-165, April 1996.
  96. Renewable Energy in the United States

    Citation:

    Vietor, Richard H.K. "Renewable Energy in the United States." Harvard Business School Background Note 794-087, October 1995. (Revised from original January 1994 version.)
  97. CSX

    Keywords: Rail Industry;

    Citation:

    Vietor, Richard H.K. "CSX." Harvard Business School Case 386-156, October 1995. (Revised from original June 1986 version.)
  98. China (C): Energy and the Environment TN

    Teaching Note for (9-794-134).

    Keywords: Energy Industry; China;

    Citation:

    Vietor, Richard H.K. "China (C): Energy and the Environment TN." Harvard Business School Teaching Note 795-077, June 1995. (Revised from original January 1995 version.)
  99. Xerox: Design for the Environment

    In 1990, Xerox undertook an "Environmental Leadership Program" designed to make Xerox an industry leader in non-polluting operations, recycling, and products actually designed for the environment. This effort flowed naturally out of the system of total quality management developed at Xerox in the 1980s. Under the new program, Xerox planned to design its products for complete reuse, remanufacturing, and recycling. This effort entailed a complete redesign of the company's product-delivery system, from initial designs, to materials acquisition, to manufacturing, marketing, and after-sales service.

    Keywords: Product Design; Production; Service Delivery; Service Operations; Organizational Design; Environmental Sustainability;

    Citation:

    Vietor, Richard H.K. "Xerox: Design for the Environment." Harvard Business School Case 794-022, May 1995. (Revised from original January 1994 version.)
  100. Hydro-Quebec: Developing Grande Baleine

    Keywords: Energy Industry; Utilities Industry; Canada;

    Citation:

    Vietor, Richard H.K. "Hydro-Quebec: Developing Grande Baleine." Harvard Business School Case 794-077, April 1995. (Revised from original December 1993 version.)
  101. Du Pont Freon Products Division (A) and (B) TN

    Teaching Note for (9-389-111) and (9-389-112).

    Citation:

    Reinhardt, Forest L., and Richard H.K. Vietor. "Du Pont Freon Products Division (A) and (B) TN." Harvard Business School Teaching Note 794-046, April 1995. (Revised from original September 1993 version.)
  102. Du Pont Freon Products Division (A)

    In 1988, the Du Pont Co. is abruptly confronted with solid scientific evidence that chlorofluorocarbons are destroying the earth's ozone shield. Du Pont, with its Freon brand product line serving markets for foam insulation, electronics solvents, and especially refrigeration, was the world's leading producer of these chemicals. Although no substitutes were currently commercially available, or even proven, Du Pont had to decide what to do. The purpose of the case is to examine how changing science and environmental problems affect competitive conditions and corporate strategy. In particular, the case examines the criteria by which companies formulate policy.

    Keywords: Business Divisions; Policy; Management; Brands and Branding; Production; Service Operations; Natural Environment; Competition; Corporate Strategy; Environmental Sustainability;

    Citation:

    Vietor, Richard H.K., and Forest L. Reinhardt. "Du Pont Freon Products Division (A)." Harvard Business School Case 389-111, March 1995. (Revised from original January 1989 version.)
  103. China (C): Energy and the Environment

    Describes energy and environmental policy in China during the period 1980-1993. China has implemented ambitious plans for electrification and the substitution of fossil fuels (mostly coal) for biomass. The environmental consequences of these changes, at the local and regional levels, have been pronounced; the long-term global consequences of Chinese energy development are also thought to be significant. Chinese environmental policy has been aimed largely at mitigating the worst local and regional impacts. Raises several questions: the degree to which energy shortages or environmental problems will constrain China's future growth; the degree to which environmental quality is an important objective of Chinese policy; and the possible roles that Western governments and firms might play in developing and implementing sound energy strategies for China. Teaching Objective: To analyze the effects of governmental energy policies on local air pollution and on global atmospheric problems, to think about problems of environment and development, and to analyze the relationships between host governments and foreign firms in the energy sector.

    Keywords: Energy Generation; Environmental Sustainability; Policy; Pollution and Pollutants; Weather and Climate Change; Business and Government Relations; Globalization; Energy Industry; China;

    Citation:

    Vietor, Richard H.K. "China (C): Energy and the Environment." Harvard Business School Case 794-134, March 1995. (Revised from original April 1994 version.)
  104. Controlling International Oil (A): The Seven Sisters

    Keywords: Business and Government Relations; Energy Industry;

    Citation:

    Spar, Debora L., and Richard H.K. Vietor. "Controlling International Oil (A): The Seven Sisters." Harvard Business School Case 795-065, February 1995. (Revised from original December 1994 version.)
  105. Honeywell's Tushino Project TN

    Citation:

    Vietor, Richard H.K. "Honeywell's Tushino Project TN." Harvard Business School Teaching Note 795-078, January 1995.
  106. Laidlaw Environmental Services TN

    Citation:

    Vietor, Richard H.K. "Laidlaw Environmental Services TN." Harvard Business School Teaching Note 795-080, January 1995.
  107. Note on the U.S. Hazardous Waste Management Industry, Teaching Note

    Citation:

    Vietor, Richard H.K. "Note on the U.S. Hazardous Waste Management Industry, Teaching Note." Harvard Business School Teaching Note 795-081, January 1995.
  108. Allied-Signal: Managing the Hazardous Waste Liability Risk (TN)

    Teaching Note for (9-793-044).

    Keywords: Chemical Industry; United States; Europe;

    Citation:

    Vietor, Richard H.K. "Allied-Signal: Managing the Hazardous Waste Liability Risk (TN)." Harvard Business School Teaching Note 795-076, January 1995.
  109. Hydro-Quebec: Developing Grande Baleine TN

    Citation:

    Vietor, Richard H.K. "Hydro-Quebec: Developing Grande Baleine TN." Harvard Business School Teaching Note 795-079, January 1995.
  110. Ocean Spray Cranberries: Environmental Risk Management TN

    Teaching Note for (9-794-088).

    Keywords: Agriculture and Agribusiness Industry;

    Citation:

    Vietor, Richard H.K. "Ocean Spray Cranberries: Environmental Risk Management TN." Harvard Business School Teaching Note 795-082, January 1995.
  111. Renewable Energy in the United States TN

    Citation:

    Reinhardt, Forest L., and Richard H.K. Vietor. "Renewable Energy in the United States TN." Harvard Business School Teaching Note 795-083, January 1995.
  112. Xerox: Design for the Environment TN

    Teaching Note for (9-794-022).

    Citation:

    Vietor, Richard H.K. "Xerox: Design for the Environment TN." Harvard Business School Teaching Note 795-084, January 1995.
  113. StarKist (A)

    Set in April 1990, this case focuses on H.J. Heinz and its subsidiary, StarKist, the largest producer of canned tuna in the United States. During the 1980s, the public became increasingly concerned about tuna fishing practices that killed dolphins. StarKist was the target of a consumer boycott initiated by the environmental community. Worried that bad publicity from the boycott would threaten the StarKist brand name, as well as Heinz's other branded products, senior management at Heinz decided that StarKist would become the first tuna processor to no longer purchase tuna caught by methods that killed dolphins. In making the decision, Heinz executives were not sure how StarKist's two major competitors would react, or how the decision would impact the procurement of raw tuna, StarKist's single largest expense item. Discusses the harvesting (fishing) and processing (canning) sector of the tuna industry. Also discusses the Marine Mammal Protection Act, and U.S. trade sanctions against Mexico and other countries.

    Keywords: Business Subsidiaries; Decision Choices and Conditions; Laws and Statutes; Management Teams; Brands and Branding; Environmental Sustainability; Competition; Mexico; United States;

    Citation:

    Vietor, Richard H.K., and Forest L. Reinhardt. "StarKist (A)." Harvard Business School Case 794-128, January 1995. (Revised from original April 1994 version.)
  114. StarKist (B)

    Set in November 1993. Intended as a follow-up to the (A) case.

    Keywords: United States; Mexico;

    Citation:

    Vietor, Richard H.K., and Forest L. Reinhardt. "StarKist (B)." Harvard Business School Supplement 794-139, January 1995. (Revised from original April 1994 version.)
  115. Note on Contingent Liabilities TN

    Teaching Note for (9-794-098).

    Citation:

    Vietor, Richard H.K., Forest L. Reinhardt, and Jackie Prince Roberts. "Note on Contingent Liabilities TN." Harvard Business School Teaching Note 795-091, January 1995.
  116. Controlling International Oil (B): The Rise and Fall of OPEC

    Keywords: Business and Government Relations; Energy Industry;

    Citation:

    Spar, Debora L., and Richard H.K. Vietor. "Controlling International Oil (B): The Rise and Fall of OPEC." Harvard Business School Case 795-066, January 1995.
  117. Note on Contingent Environmental Liabilities

    Addresses contingent environmental liabilities that are the result of unforeseen environmental risks where the dollar amount of such liabilities is unknown and depends on future events. In contrast, fines for violating environmental laws are liabilities, but are not considered contingent liabilities as such fines are relatively predictable. Covers liabilities under common law doctrines (including toxic torts), the Resource Conservation and Recovery Act (RCA), and the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). In particular, discusses lender liability issues as of 1993 and briefly discusses financial reporting requirements. Concludes with a discussion of strategies for managing such liabilities.

    Keywords: Legal Liability; Risk Management; Natural Environment; Laws and Statutes; Pollution and Pollutants; Governance Compliance; United States;

    Citation:

    Vietor, Richard H.K., and Forest L. Reinhardt. "Note on Contingent Environmental Liabilities." Harvard Business School Background Note 794-098, August 1994. (Revised from original February 1994 version.)
  118. Note on the U.S. Hazardous Waste Management Industry

    Citation:

    Vietor, Richard H.K. "Note on the U.S. Hazardous Waste Management Industry." Harvard Business School Background Note 792-067, August 1994. (Revised from original February 1992 version.)
  119. Laidlaw Environmental Services

    Keywords: Green Technology Industry;

    Citation:

    Vietor, Richard H.K. "Laidlaw Environmental Services." Harvard Business School Case 794-016, August 1994. (Revised from original July 1993 version.)
  120. Allied-Signal: Managing the Hazardous Waste Liability Risk

    Allied-Signal, Inc., one of the world's oldest chemical companies and today a diversified conglomerate, is liable for clean-up costs of old hazardous waste sites. These costs are substantial: reserves grew to nearly $500 million in 1991. Attempting to avoid further set-asides, and anticipating U.S.-style liability laws in Europe, environmental managers undertake a review of the company's three-part environmental control policy. With extensive programs for disposal-site inspection, auditing for compliance, and hazardous waste reduction, the managers try to optimize costs and liabilities by balancing waste disposal and reduction. The case recounts the formation of the control policy in response to legislation such as RCTA, Superfund, and the Toxics Release Inventory. Examines in detail the implementation of the three hazardous waste programs, analyzing the experiences of two plants. Exhibits include internal control documentation.

    Keywords: Wastes and Waste Processing; Environmental Sustainability; Programs; Cost Management; Policy; Government Legislation; Factories, Labs, and Plants; Governance Compliance; Legal Liability; Chemical Industry; United States; Europe;

    Citation:

    Vietor, Richard H.K., and Edward Prewitt. "Allied-Signal: Managing the Hazardous Waste Liability Risk." Harvard Business School Case 793-044, August 1994. (Revised from original October 1992 version.)
  121. Honeywell's Tushino Project

    Keywords: Technology Industry; Industrial Products Industry;

    Citation:

    Vietor, Richard H.K. "Honeywell's Tushino Project." Harvard Business School Case 794-064, August 1994. (Revised from original December 1993 version.)
  122. Ocean Spray Cranberries: Environmental Risk Management

    Ocean Spray Cranberries, one of the nation's most successful agricultural cooperatives, faces some difficult environmental management problems associated with water usage and wetlands development. Because of federal and state wetlands laws, new bogs for expansion had become virtually impossible to develop. Moreover, to protect its valuable brand, Ocean Spray needs to make reasonably certain that its 800 grower-owners utilize the best possible environmental practices in water management and the use of agricultural chemicals. A single incident could cause the company significant harm. The case describes some of the innovative programs undertaken to facilitate best practices among the loose knit community of growers.

    Keywords: Agribusiness; Innovation and Invention; Risk Management; Cooperative Ownership; Environmental Sustainability; Agriculture and Agribusiness Industry;

    Citation:

    Vietor, Richard H.K. "Ocean Spray Cranberries: Environmental Risk Management." Harvard Business School Case 794-088, August 1994. (Revised from original January 1994 version.)
  123. Report on International Oil (A)

    Keywords: Energy Industry;

    Citation:

    Vietor, Richard H.K. "Report on International Oil (A)." Harvard Business School Case 794-116, March 1994.
  124. Report on International Oil (B)

    Keywords: Energy Industry;

    Citation:

    Vietor, Richard H.K. "Report on International Oil (B)." Harvard Business School Case 794-117, March 1994.
  125. Du Pont Freon Products Division (B)

    Supplements the (A) case.

    Citation:

    Vietor, Richard H.K., and Forest L. Reinhardt. "Du Pont Freon Products Division (B)." Harvard Business School Supplement 389-112, October 1993. (Revised from original January 1989 version.)
  126. Crisis in the Gulf

    Citation:

    Vietor, Richard H.K. "Crisis in the Gulf." Harvard Business School Case 391-178, August 1993. (Revised from original April 1991 version.)
  127. Crisis in the Gulf, Teaching Note

    Citation:

    Vietor, Richard H.K. "Crisis in the Gulf, Teaching Note." Harvard Business School Teaching Note 391-204, April 1991.
  128. L. William Seidman and the Resolution Trust Corp.

    Keywords: Business and Government Relations; Organizational Design; Public Administration Industry; Financial Services Industry;

    Citation:

    Vietor, Richard H.K. "L. William Seidman and the Resolution Trust Corp." Harvard Business School Case 391-098, February 1991. (Revised from original November 1990 version.)
  129. L. William Seidman and the Resolution Trust Corp., Supplement

    Citation:

    Vietor, Richard H.K. "L. William Seidman and the Resolution Trust Corp., Supplement." Harvard Business School Supplement 391-099, February 1991. (Revised from original November 1990 version.)
  130. Global Telecommunications Equipment Industry

    Citation:

    Emmons, Willis M., III, Richard H.K. Vietor, and David B. Yoffie. "Global Telecommunications Equipment Industry." Harvard Business School Background Note 391-020, October 1990.
  131. BankAmerica Corp. (A)

    Keywords: Banking Industry; United States;

    Citation:

    Vietor, Richard H.K. "BankAmerica Corp. (A)." Harvard Business School Case 390-176, May 1990. (Revised from original April 1990 version.)
  132. BankAmerica Corp. (B)

    Citation:

    Vietor, Richard H.K. "BankAmerica Corp. (B)." Harvard Business School Supplement 390-177, April 1990.
  133. Metropolitan Bank for Savings

    Keywords: Banking Industry;

    Citation:

    Vietor, Richard H.K. "Metropolitan Bank for Savings." Harvard Business School Case 390-171, April 1990. (Revised from original April 1990 version.)
  134. Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Legislative Note

    Citation:

    Vietor, Richard H.K. "Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Legislative Note." Harvard Business School Background Note 390-172, April 1990. (Revised from original April 1990 version.)
  135. Regulation and Competition in Commercial Banking

    Keywords: Commercial Banking; Competition; Banking Industry;

    Citation:

    Vietor, Richard H.K., and Dekkers L. Davidson. "Regulation and Competition in Commercial Banking." Harvard Business School Background Note 385-247, February 1990. (Revised from original April 1985 version.)
  136. Commonwealth Edison (C)

    Citation:

    Vietor, Richard H.K. "Commonwealth Edison (C)." Harvard Business School Supplement 389-212, June 1989. (Revised from original May 1989 version.)
  137. Commonwealth Edison (B)

    Keywords: Utilities Industry;

    Citation:

    Vietor, Richard H.K. "Commonwealth Edison (B)." Harvard Business School Case 389-211, June 1989. (Revised from original May 1989 version.)
  138. BankAmerica Corp.: Project Charles

    Keywords: Banking Industry;

    Citation:

    Davidson, Dekkers L., and Richard H.K. Vietor. "BankAmerica Corp.: Project Charles." Harvard Business School Case 385-246, May 1989. (Revised from original March 1985 version.)
  139. William D. Ruckelshaus and the Environmental Protection Agency, Teaching Note

    Citation:

    Vietor, Richard H.K. "William D. Ruckelshaus and the Environmental Protection Agency, Teaching Note." Harvard Business School Teaching Note 389-014, September 1988.
  140. Allied Chemical Corp. (A), Teaching Note

    Teaching Note for (9-379-137).

    Keywords: Chemical Industry;

    Citation:

    Vietor, Richard H.K. "Allied Chemical Corp. (A), Teaching Note." Harvard Business School Teaching Note 389-015, September 1988.
  141. IT Corp. (B), Teaching Note

    Citation:

    Vietor, Richard H.K., and Dekkers L. Davidson. "IT Corp. (B), Teaching Note." Harvard Business School Teaching Note 388-148, June 1988.
  142. CSX, Teaching Note

    Citation:

    Vietor, Richard H.K. "CSX, Teaching Note." Harvard Business School Teaching Note 388-152, June 1988.
  143. Regulation and Competition in Commercial Banking, Teaching Note

    Citation:

    Vietor, Richard H.K. "Regulation and Competition in Commercial Banking, Teaching Note." Harvard Business School Teaching Note 388-153, June 1988.
  144. El Paso Natural Gas Co. and the FPC, Teaching Note

    Citation:

    Vietor, Richard H.K. "El Paso Natural Gas Co. and the FPC, Teaching Note." Harvard Business School Teaching Note 388-161, June 1988.
  145. Marginalism in the State of New York, Teaching Note

    Citation:

    Vietor, Richard H.K. "Marginalism in the State of New York, Teaching Note." Harvard Business School Teaching Note 388-149, June 1988.
  146. American Airlines (A), Teaching Note

    Citation:

    Vietor, Richard H.K. "American Airlines (A), Teaching Note." Harvard Business School Teaching Note 388-150, June 1988.
  147. Chicago-Midway (A): Alfred Kahn at the CAB

    Keywords: Business and Government Relations; Governing Rules, Regulations, and Reforms; Air Transportation Industry;

    Citation:

    Vietor, Richard H.K. "Chicago-Midway (A): Alfred Kahn at the CAB." Harvard Business School Case 384-156, November 1987. (Revised from original January 1984 version.)
  148. Commonwealth Edison (A)

    Keywords: Utilities Industry;

    Citation:

    Vietor, Richard H.K. "Commonwealth Edison (A)." Harvard Business School Case 384-190, November 1987. (Revised from original January 1984 version.)
  149. American Airlines (A)

    Keywords: Air Transportation Industry;

    Citation:

    Vietor, Richard H.K. "American Airlines (A)." Harvard Business School Case 385-182, November 1987. (Revised from original November 1984 version.)
  150. Comptroller and Non-Bank Banks

    Keywords: Banking Industry;

    Citation:

    Davidson, Dekkers L., and Richard H.K. Vietor. "Comptroller and Non-Bank Banks." Harvard Business School Case 385-248, November 1987. (Revised from original April 1985 version.)
  151. IT Corp. (B)

    Citation:

    Vietor, Richard H.K. "IT Corp. (B)." Harvard Business School Case 387-172, October 1987. (Revised from original April 1987 version.)
  152. Marginalism in the State of New York

    Keywords: New York (state, US);

    Citation:

    Vietor, Richard H.K. "Marginalism in the State of New York." Harvard Business School Case 385-218, October 1987. (Revised from original December 1984 version.)
  153. El Paso Natural Gas Co. and the FPC

    Keywords: Energy Industry; Utilities Industry; Texas;

    Citation:

    Vietor, Richard H.K. "El Paso Natural Gas Co. and the FPC." Harvard Business School Case 382-038, September 1987. (Revised from original February 1982 version.)
  154. Boston Edison: Overload

    Keywords: Utilities Industry; Massachusetts;

    Citation:

    Vietor, Richard H.K. "Boston Edison: Overload." Harvard Business School Case 384-148, September 1987. (Revised from original November 1983 version.)
  155. IT Corp. (C)

    Citation:

    Vietor, Richard H.K. "IT Corp. (C)." Harvard Business School Supplement 387-173, April 1987.
  156. CPUC and Telecommunications

    Keywords: Telecommunications Industry;

    Citation:

    Vietor, Richard H.K. "CPUC and Telecommunications." Harvard Business School Case 387-175, April 1987.
  157. Boston Edison: Overload, Teaching Note

    Keywords: Utilities Industry;

    Citation:

    Vietor, Richard H.K. "Boston Edison: Overload, Teaching Note." Harvard Business School Teaching Note 385-005, February 1987. (Revised from original July 1984 version.)
  158. Modified Final Judgment

    Citation:

    Vietor, Richard H.K. "Modified Final Judgment." Harvard Business School Case 387-174, February 1987.
  159. CSX, Supplement

    Citation:

    Vietor, Richard H.K. "CSX, Supplement." Harvard Business School Supplement 386-189, June 1986.
  160. Telecommunications in Transition

    Keywords: Transition; Telecommunications Industry;

    Citation:

    Vietor, Richard H.K., and Dekkers L. Davidson. "Telecommunications in Transition." Harvard Business School Background Note 384-207, April 1986. (Revised from original February 1984 version.)
  161. General Telephone of the Northwest, Teaching Note

    Citation:

    Vietor, Richard H.K. "General Telephone of the Northwest, Teaching Note." Harvard Business School Teaching Note 386-112, April 1986.
  162. U.S. West, Inc., Teaching Note

    Citation:

    Vietor, Richard H.K. "U.S. West, Inc., Teaching Note." Harvard Business School Teaching Note 386-113, April 1986.
  163. Telecommunications in Transition and Telecommunications in Transition: Appendixes A, B, and C, Teaching Note

    Citation:

    Vietor, Richard H.K. "Telecommunications in Transition and Telecommunications in Transition: Appendixes A, B, and C, Teaching Note." Harvard Business School Teaching Note 386-107, April 1986.
  164. AT&T and the Access Charge, Teaching Note

    Citation:

    Vietor, Richard H.K., and Dekkers L. Davidson. "AT&T and the Access Charge, Teaching Note." Harvard Business School Teaching Note 386-111, April 1986.
  165. Mexico: Crisis of Confidence

    Keywords: Crisis Management; Borrowing and Debt; Mexico;

    Citation:

    Vietor, Richard H.K. "Mexico: Crisis of Confidence." Harvard Business School Case 383-148, March 1986. (Revised from original March 1983 version.)
  166. AT&T and the Access Charge

    Keywords: Telecommunications Industry; United States;

    Citation:

    Vietor, Richard H.K., and Dekkers L. Davidson. "AT&T and the Access Charge." Harvard Business School Case 384-208, March 1986. (Revised from original June 1984 version.)
  167. Telecommunications in Transition: Appendixes A, B, and C

    Keywords: Telecommunications Industry;

    Citation:

    Vietor, Richard H.K. "Telecommunications in Transition: Appendixes A, B, and C." Harvard Business School Supplement 385-042, March 1986. (Revised from original September 1984 version.)
  168. General Telephone of the Northwest

    Keywords: Telecommunications Industry; Northwestern United States;

    Citation:

    Davidson, Dekkers L., and Richard H.K. Vietor. "General Telephone of the Northwest." Harvard Business School Case 385-043, March 1986. (Revised from original October 1984 version.)
  169. U.S. West, Inc.

    Keywords: United States;

    Citation:

    Vietor, Richard H.K. "U.S. West, Inc." Harvard Business School Case 386-082, March 1986. (Revised from original September 1985 version.)
  170. AT&T at the Crossroads--December 1981

    Keywords: Restructuring; Telecommunications Industry;

    Citation:

    Vietor, Richard H.K. "AT&T at the Crossroads--December 1981." Harvard Business School Case 386-089, March 1986.
  171. Telecommunications in Transition: Managing Business and Regulatory Change, Teacher's Manual

    Keywords: Change Management; Telecommunications Industry;

    Citation:

    Vietor, Richard H.K. "Telecommunications in Transition: Managing Business and Regulatory Change, Teacher's Manual." Harvard Business School Case 986-002, January 1986.
  172. Telecommunications in Transition: Managing Business and Regulatory Change

    Keywords: Change Management; Governing Rules, Regulations, and Reforms; Telecommunications Industry;

    Citation:

    Vietor, Richard H.K. "Telecommunications in Transition: Managing Business and Regulatory Change." Harvard Business School Case 986-001, January 1986.
  173. Japan in the Mid-1980s: Miracle at Risk?

    Keywords: Japan;

    Citation:

    McCraw, Thomas K., and Richard H.K. Vietor. "Japan in the Mid-1980s: Miracle at Risk?" Harvard Business School Case 383-177, September 1985. (Revised from original May 1983 version.)
  174. Chicago-Midway (A): Alfred Kahn at the CAB, Video

    Citation:

    Vietor, Richard H.K. "Chicago-Midway (A): Alfred Kahn at the CAB, Video." Harvard Business School Video Supplement 886-508, August 1985.
  175. Marginalism in the State of New York: Edited Remarks of Alfred Kahn, Video

    Citation:

    Vietor, Richard H.K. "Marginalism in the State of New York: Edited Remarks of Alfred Kahn, Video." Harvard Business School Video Supplement 886-509, August 1985.
  176. Mexico's Adjustment Program

    Keywords: Mexico;

    Citation:

    Vietor, Richard H.K. "Mexico's Adjustment Program." Harvard Business School Supplement 383-149, April 1985. (Revised from original March 1983 version.)
  177. Alaskan Natural Gas Pipeline

    Keywords: Energy Industry;

    Citation:

    Vietor, Richard H.K. "Alaskan Natural Gas Pipeline." Harvard Business School Case 382-044, February 1985. (Revised from original February 1982 version.)
  178. Marginalism in the State of New York, Supplement

    Citation:

    Vietor, Richard H.K. "Marginalism in the State of New York, Supplement." Harvard Business School Supplement 385-219, December 1984.
  179. In the Matter of Exxon, et al.

    Keywords: Energy Industry;

    Citation:

    Vietor, Richard H.K. "In the Matter of Exxon, et al." Harvard Business School Case 385-220, December 1984.
  180. American Airlines (B)

    Keywords: Air Transportation Industry;

    Citation:

    Vietor, Richard H.K. "American Airlines (B)." Harvard Business School Supplement 385-183, November 1984.
  181. American Airlines (C)

    Keywords: Air Transportation Industry;

    Citation:

    Vietor, Richard H.K. "American Airlines (C)." Harvard Business School Supplement 385-184, November 1984.
  182. Telecommunications in Transition, Teaching Note

    Keywords: Telecommunications Industry;

    Citation:

    Vietor, Richard H.K. "Telecommunications in Transition, Teaching Note." Harvard Business School Teaching Note 385-052, October 1984. (Revised from original August 1984 version.)
  183. El Paso - PNW Merger (C)

    Keywords: Mergers and Acquisitions; Energy Industry; Utilities Industry;

    Citation:

    Vietor, Richard H.K. "El Paso - PNW Merger (C)." Harvard Business School Case 382-042, October 1984. (Revised from original September 1981 version.)
  184. El Paso LNG (B)--1980

    Keywords: Energy Industry; Texas;

    Citation:

    Vietor, Richard H.K. "El Paso LNG (B)--1980." Harvard Business School Case 382-050, October 1984. (Revised from original February 1982 version.)
  185. Carter, OPEC, and Big Oil

    Keywords: History; Trade; Business and Government Relations; Energy Industry;

    Citation:

    Vietor, Richard H.K. "Carter, OPEC, and Big Oil." Harvard Business School Case 382-116, October 1984. (Revised from original March 1982 version.)
  186. Mexico: Crisis of Confidence, Teaching Note

    Keywords: Mexico;

    Citation:

    Vietor, Richard H.K. "Mexico: Crisis of Confidence, Teaching Note." Harvard Business School Teaching Note 384-224, October 1984. (Revised from original April 1984 version.)
  187. Chicago-Midway (A) and (B), Teaching Note

    Keywords: Chicago;

    Citation:

    Vietor, Richard H.K. "Chicago-Midway (A) and (B), Teaching Note." Harvard Business School Teaching Note 384-232, October 1984. (Revised from original April 1984 version.)
  188. AT&T and the Access Charge, Teaching Note

    Keywords: Telecommunications Industry;

    Citation:

    Vietor, Richard H.K. "AT&T and the Access Charge, Teaching Note." Harvard Business School Teaching Note 385-068, October 1984.
  189. Commonwealth Edison (A), Teaching Note

    Keywords: Utilities Industry;

    Citation:

    Vietor, Richard H.K. "Commonwealth Edison (A), Teaching Note." Harvard Business School Teaching Note 384-233, May 1984. (Revised from original April 1984 version.)
  190. Chicago-Midway (B): Midway (Southwest) Airlines

    Keywords: Business and Government Relations; Governing Rules, Regulations, and Reforms; Competition; Market Entry and Exit; Air Transportation Industry;

    Citation:

    Vietor, Richard H.K. "Chicago-Midway (B): Midway (Southwest) Airlines." Harvard Business School Case 384-154, February 1984.
  191. Chicago-Midway (A), Supplement

    Keywords: Chicago;

    Citation:

    Vietor, Richard H.K. "Chicago-Midway (A), Supplement." Harvard Business School Supplement 384-153, January 1984.
  192. El Paso - PNW Merger (A)

    Keywords: Mergers and Acquisitions; Energy Industry; Utilities Industry;

    Citation:

    Vietor, Richard H.K. "El Paso - PNW Merger (A)." Harvard Business School Case 382-040, November 1983. (Revised from original September 1981 version.)
  193. El Paso - PNW Merger (B)

    Keywords: Mergers and Acquisitions; Energy Industry; Utilities Industry;

    Citation:

    Vietor, Richard H.K. "El Paso - PNW Merger (B)." Harvard Business School Case 382-041, November 1983. (Revised from original September 1981 version.)
  194. Brazil and the World Economy

    Keywords: Development Economics; Business and Government Relations; Banks and Banking; Brazil;

    Citation:

    Encarnation, Dennis J., III, and Richard H.K. Vietor. "Brazil and the World Economy." Harvard Business School Case 383-182, May 1983.
  195. Canada: The Energy Dilemma

    Keywords: Energy; Canada;

    Citation:

    Vietor, Richard H.K. "Canada: The Energy Dilemma." Harvard Business School Case 381-165, February 1982. (Revised from original April 1981 version.)
  196. El Paso Natural Gas Co. and the FPC, Supplement

    Keywords: Energy Generation; Business and Government Relations; Energy Industry;

    Citation:

    Vietor, Richard H.K. "El Paso Natural Gas Co. and the FPC, Supplement." Harvard Business School Supplement 382-039, February 1982.
  197. El Paso LNG (A)

    Keywords: Energy Industry;

    Citation:

    Vietor, Richard H.K. "El Paso LNG (A)." Harvard Business School Case 382-043, February 1982.
  198. Mexican Natural Gas, Supplement

    Keywords: Energy Industry; Mexico;

    Citation:

    Vietor, Richard H.K. "Mexican Natural Gas, Supplement." Harvard Business School Supplement 382-049, February 1982.
  199. Mexican Natural Gas

    Keywords: Energy Industry; Mexico;

    Citation:

    Vietor, Richard H.K. "Mexican Natural Gas." Harvard Business School Case 382-048, September 1981.

Presentations

  1. Regulation American Style, 1933-89

    Keywords: Governing Rules, Regulations, and Reforms; United States;

    Citation:

    Vietor, R. H.K. "Regulation American Style, 1933-89." Paper presented at the International Conference on Business History, January 01, 1996.

Other Publications and Materials

  1. Fettered Flight: Globalization and the Airline Industry

    Keywords: Air Transportation; Globalized Markets and Industries; Air Transportation Industry;

    Citation:

    Vietor, Richard H. K., Daniel Yergin, and Peter C. Evans. "Fettered Flight: Globalization and the Airline Industry." Cambridge, MA, November 2000.