September 2020 - Javier Parra | Digital economy and finance

The importance of external debt in times of pandemics

28 September, 202021 December, 2022 by Javier Parra

Javier Parra

229

External debt is the sum of a country's debts to other foreign entities. It comprises public debt (the state contracts) and private debt (employed by private organisations such as companies and individuals). Although there is a clear trend in favour of the existence of the external debt, since it allows…

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Herbert Simon Nobel Prize in Economics in 1978

21 September, 202027 June, 2021 by Javier Parra

Javier Parra

324

Herbert Simon, the winner of the Nobel Prize in Economics in 1978 for his pioneering work on "the decision-making process within the economic organisation", was born on 15 June 1916 in Milwaukee, Wisconsin, USA. He described himself as an "arrogant" individual, not inclined to accept criticism and a "workaholic". His…

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Competitive Strategies: Characterisation according to Miles and Show (1978)

4 September, 202015 July, 2021 by Javier Parra

Javier Parra

181

When developing competitive strategies, it is necessary to maintain a balance between the interests of consumers and the actions of competitors. Explicit consideration of the position and behaviour of competitors and the definition of the attitude towards them is essential in choosing a strategy. Components of competitive strategies This classification…

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