Trust in China - Is It Based on the Rule of Law?

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In china, the rule of law is applied to commercial contracts. And i think that's what enables these large firms to grow. In countries with very weak legal systems, where you can't trust anyone as you hire your family members? So if in as up a company and i can't trust any outsiders, i start to stuff it full of, you know, sons, daughters, brothers, sisters, sisters in laws, aunts, uncles, et cetera. Now that's good, cause i can trust them. But the proble es, you know, these people aren't naturally the best managers to run the place. I'm not an expert, but o don't...

What might the electrification of factories teach us about how quickly we’ll adapt to remote work? What gives American companies an edge over their competitors on the international stage? What value do management consultants really provide? Stanford professor Nick Bloom’s research studies how management practices, productivity techniques, and uncertainty shape outcomes across companies and countries.

He joined Tyler for a conversation about which areas of science are making progress, the factors that have made research more expensive, why government should invest more in R&D, how lean management transformed manufacturing, how India’s congested legal system inhibits economic development, the effects of technology on Scottish football hooliganism, why firms thrive in China, how weak legal systems incentivize nepotism, why he’s not worried about the effects of remote work on American productivity (in the short-term), the drawbacks of elite graduate programs, how his first “academic love” shapes his work today, the benefits of working with co-authors, why he prefers periodicals and podcasts to reading books, and more.

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Recorded July 13th, 2020 Other ways to connect

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