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• Teaching Note | HBS Case Collection | February 2019

  Angola Starts Now

  Jeremy Friedman and Sophus A. Reinert

  Teaching Note for HBS No. 719-007.

  Citation:

  Friedman, Jeremy, and Sophus A. Reinert. "Angola Starts Now." Harvard Business School Teaching Note 719-058, February 2019.  View Details

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• Case | HBS Case Collection | November 2018 (Revised February 2019)

  The Rise of Populism and Italy's Electoral 'Tsunami'

  Rawi Abdelal, Dante Roscini and Elena Corsi

  Italy’s March 2018 elections led to a populist government which included the right-wing League and the anti-establishment 5 Star Movement. To respect their electoral promises, the two parties came up with a budget plan which provided for a public deficit at 2.4%, a figure higher than what the previous administration had promised the EU Commission. On October 23, 2018, the EU Commission rejected such plan asking Italy to revise downwards the public deficit. The same day, Italian bond yields spoke to 4-year highs, up to 3.7% as investors questioned Italy’s capacity to repay its public long-term debt, the second highest in the EU. Would the Italian government be able to implement its plan?

  Keywords: globalized economies; unemployment; extremism; Political Elections; Immigration; Poverty; Social Issues; Government and Politics; Financial Condition; Financial Markets; Italy;

  Citation:

  Abdelal, Rawi, Dante Roscini, and Elena Corsi. "The Rise of Populism and Italy's Electoral 'Tsunami'." Harvard Business School Case 719-042, November 2018. (Revised February 2019.)  View Details

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• Case | HBS Case Collection | January 2019

  Angola Starts Now

  Jeremy Friedman and Sophus A. Reinert

  After five centuries of colonialism, four decades of civil war, an extended experiment with Marxism-Leninism, and nearly four decades of rule by a single man, José Eduardo Dos Santos, Angola finally has a chance to realize its enormous economic potential. A country blessed with enormous resources of oil, gold, and diamonds, it also has some of the most fertile remaining untilled land in Africa. However, since the end of fighting in 2002, Angola’s vast wealth has been squandered by a small elite tied to the single party that has ruled the country since independence, the Popular Movement for the Liberation of Angola (MPLA). In a country with a per capita GDP of over $4,000, the vast majority of the population subsists on less than $2 per day, and little investment has been made in infrastructure, education, and healthcare. Can the country’s—and the MPLA’s—new president, João Lourenço, implement the necessary reforms to unlock Angola’s economic potential, or will the existing power structure prevent the sort of change that is required if Angola’s people are to finally see the benefits of independence?

  Keywords: Development Economics; Government and Politics; History; Governing Rules, Regulations, and Reforms; Social Issues; Angola;

  Citation:

  Friedman, Jeremy, and Sophus A. Reinert. "Angola Starts Now." Harvard Business School Case 719-007, January 2019.  View Details

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