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  • All HBS Web  (58)
    • Faculty Publications  (8)

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    • All HBS Web  (58)
      • Faculty Publications  (8)

      Political Backlash Remove Political Backlash →

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      • June 2022 (Revised November 2022)
      • Case

      The Almost Nearly Perfect People: Sweden's Utopia at a Crossroads

      By: Debora L. Spar and Julia M. Comeau
      Sweden’s model of capitalism rests on a unique social contract, in which social welfare priorities can co-exist within a vibrant capitalist system. In 2022, however, contemporary pressures were growing on the traditional Swedish model, including mounting calls for...  View Details
      Keywords: Capitalism; Social Welfare; Policy; Privatization; Immigration; Social Issues; Civil Society or Community; Government and Politics; Sweden
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      Spar, Debora L., and Julia M. Comeau. "The Almost Nearly Perfect People: Sweden's Utopia at a Crossroads." Harvard Business School Case 322-046, June 2022. (Revised November 2022.)
      • 2023
      • Working Paper

      Faith and Assimilation: Italian Immigrants in the U.S.

      By: Stefano Gagliarducci and Marco Tabellini
      How do ethnic religious organizations influence immigrants’ assimilation? This paper offers the first systematic answer to this question by focusing on Italian Catholic churches in the US between 1890 and 1920, when four million Italians moved to America, and...  View Details
      Keywords: Assimilation; Religious Organizations; Immigration; Religion; History; United States
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      Gagliarducci, Stefano, and Marco Tabellini. "Faith and Assimilation: Italian Immigrants in the U.S." Harvard Business School Working Paper, No. 22-029, November 2021. (Revised November 2022. Also available from NBER and featured in NBER Digest and VoxEU.)
      • 2021
      • Book

      Global Goliaths: Multinational Corporations in the 21st Century Economy

      By: C. Fritz Foley, James R. Hines Jr. and David Wessel
      Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all...  View Details
      Keywords: Multinational Firms and Management; Globalization; Economy; Economic Growth; Equality and Inequality; Employment; Policy
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      Foley, C. Fritz, James R. Hines Jr., and David Wessel, eds. Global Goliaths: Multinational Corporations in the 21st Century Economy. Brookings Institution Press, 2021.
      • January 2020
      • Article

      Gifts of the Immigrants, Woes of the Natives: Lessons from the Age of Mass Migration

      By: Marco Tabellini
      In this paper, I jointly investigate the political and the economic effects of immigration and study the causes of anti-immigrant sentiments. I exploit exogenous variation in European immigration to U.S. cities between 1910 and 1930 induced by World War I and the...  View Details
      Keywords: Political Backlash; Age Of Mass Migration; Cultural Diversity; Immigration; History; Economy; Attitudes; Cross-Cultural and Cross-Border Issues; Diversity
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      Tabellini, Marco. "Gifts of the Immigrants, Woes of the Natives: Lessons from the Age of Mass Migration." Review of Economic Studies 87, no. 1 (January 2020): 454–486. (Also Harvard Business School Working Paper, No. 19-005, July 2018. Available also from Cato Institute, Microeconomic Insights, VOX, Broadstreet, Cato Institute, and in Oxford University Press's Blog.)
      • Article

      The Right and Wrong Way to Do ‘CEO Activism’

      By: Aaron K Chatterji and Michael W. Toffel
      CEO activism—where leaders take public stands on controversial social and political issues that aren’t related to their company’s bottom line—has become increasingly common. CEO activism has attracted favorable media attention, but has also resulted in backlash and...  View Details
      Keywords: Leadership; Social Issues; Communication Strategy; Performance Effectiveness
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      Chatterji, Aaron K., and Michael W. Toffel. "The Right and Wrong Way to Do ‘CEO Activism’." Wall Street Journal (February 22, 2019).
      • Article

      Perceptions and the Politics of Finance: Junk Bonds and the Regulatory Seizure of First Capital Life

      By: S. C. Gilson, H. DeAngelo and L. DeAngelo
      In May 1991, one month after seizing Executive Life, California regulators seized First Capital Life (FCLIC). Both insurers were Drexel clients with large junk bond holdings, and both had experienced 'bank runs.' FCLIC's run followed regulators' televised comments that...  View Details
      Keywords: Finance; Bonds; Governing Rules, Regulations, and Reforms
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      Gilson, S. C., H. DeAngelo, and L. DeAngelo. "Perceptions and the Politics of Finance: Junk Bonds and the Regulatory Seizure of First Capital Life." Journal of Financial Economics 41, no. 3 (July 1996): 475–511.
      • Forthcoming
      • Article

      The Political Effects of Immigration: Culture or Economics?

      By: Alberto Alesina and Marco Tabellini
      We review the growing literature on the political economy of immigration. First, we discuss the effects of immigration on a wide range of political and social outcomes. The existing evidence suggests that immigrants often, but not always, trigger backlash, increasing...  View Details
      Keywords: Political Backlash; Cultural Beliefs; Immigration; Political Elections; Outcome or Result; Social Issues; Perception
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      Alesina, Alberto, and Marco Tabellini. "The Political Effects of Immigration: Culture or Economics?" Journal of Economic Literature (forthcoming).
      • Forthcoming
      • Book

      The State and Capitalism in China

      By: Meg Rithmire, Margaret M. Pearson and Kellee S. Tsai
      This element explains China's political economic evolution from state socialist economy to a reform era state capitalism model to a more politicized, risk management approach we call "party-state capitalism." We emphasize the internal and external sources of perceived...  View Details
      Keywords: China; China's Political Economy; State Capitalism; State-business Relations; State Ownership; China
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      Rithmire, Meg, Margaret M. Pearson, and Kellee S. Tsai. The State and Capitalism in China. New York, NY: Cambridge University Press, forthcoming.
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