個案總覽

Cyprus is a small Mediterranean island located at the cross-roads of Europe, Africa, and the Middle East. Since its 1974 split, Cyprus has grown real GDP more than fivefold-in large part because of its development as an "international business" center. The country developed a large network of double-taxation-treaties (including some of the most robust agreements with Russia and other ex-Soviet Republics) that allowed it to serve as a tax-efficient conduit for international capital flows. In 2002 it acceded to the European Union and in 2008 to the Eurozone. However in 2012, facing fiscal deficits and an insolvent banking sector, the island became the fourth EU country to formally request assistance from the EC-ECB-IMF Troika. The final assistance package required a "bail-in" from uninsured depositors in order to return the nation's largest banks to solvency. How had Cyprus's development model contributed to both the island's financial crisis as well as the structure of its ultimate assistance package?

This case looks at the public-private partnership (PPP) between the Health Ministry for the government of Lesotho and a private consortium headed up by Netcare, a South African company, to build and operate a new referral hospital and four feeder clinics in Maseru, the nation's capital. The project was one of the first efforts to design a PPP in Africa for the construction and the operation of a major hospital plus the clinical services. The project is perceived by the International Finance Corporation as a major success. The case focuses on three issues: 1. the steps taken by the government, IFC, and the private parties to form a workable public-private partnership; 2. the design and implementation of the key performance indicators contained in the contract; and 3. the sustainability of the project in light of higher than anticipated costs and lower quality health services in other areas of the country, which have resulted in a demand for services from the new clinic and hospital far in excess of the numbers originally forecast. Case number 1999.0

Surprising facts about Africa, which promises to be the world's next growth hot spot.

Despite being the richest country in the world on a per capita basis, for analysts Qatar belongs in the group of emerging markets considered "frontier markets." This case analyzes the strengths and weaknesses of the development strategy of this small country as set forth by Emir Hamad bin Khalifa Al Thani, who ruled from 1995 to 2013. In 2013, for the first time in Qatar's history, Emir Hamad passed on control of the government to his son Tamim peacefully and Tamim, as Emir, promised to continue with the development strategy of economic diversification set forth by his father. Yet, it is not clear if the ambitious investments in infrastructure, education, tourism and real estate Emir Hamad made were enough to steer the economy away from its dependence on gas exports.

In 2012, as part of a routine disclosure under U.S. law, Wal-Mart revealed it had spent $25 million since 2008 on lobbying to "enhance market access for investment in India." This disclosure, which came weeks after the Indian government made a controversial decision to permit FDI in the country's multi-brand retail sector, created uproar in India. Lobbying by multinationals drew strong emotions in India, evoking images of the millions spent by Enron in the 1990s to "educate Indians" - a suspected euphemism for bribery. Opposition political parties accused Wal-Mart of bribing the Indian government, which, on the eve of a general election, appointed a judicial commission to investigate Wal-Mart. Already under pressure from allegations of bribery in Mexico, Wal-Mart risked becoming embroiled in another embarrassing scandal. How had the company landed in its current situation and how could it respond to the investigation into its India-related lobbying?

Recent years have brought an avalanche of indices for measuring the relative strengths of nations and their progress (or decline) over time. As someone who has spent an inordinate amount of time studying these indices and the methodologies behind their conflicting rankings, the CEO of the Legatum Institute offers four things for global executives to keep in mind when confronted with these data.

As first step, Somerville officials developed an inventory of the main programs of each of Somerville's 18 departments and the costs associated with each program. Calculating costs at the program level required a less detailed analysis than calculating costs at the activity level. They identified the activities associated with each program and established performance objectives for each activity. During the fall of 2004, HKS Prof. Linda Bilmes and her students helped Somerville officials accomplish these steps. Together, this information allowed officials and residents to understand for the first time how the City's expenditure of tax dollars translated directly into the City's delivery of services that constituents valued. Encouraged by the results, the Mayor asked Prof. Bilmes and her students to focus on a municipal activity of particular concern to officials and residents: traffic enforcement. Mayor Curtatone asked whether increasing enforcement of the City's traffic laws might pay for itself through increased citation revenue. The case walks through the steps Bilmes and her students took to determine the answer, including allocating personnel expenditures to the activity of traffic enforcement, allocating non-personnel expenditures to that activity through selection and use of an appropriate cost driver, and calculation of the revenue generated from traffic enforcement.

Spreadsheet Supplement for HKS718

Spreadsheet Supplement for HKS718

The Philippines, for long a laggard in Asia, is now growing fast in 2012, with a positive current account balance. While it still exports services, it is increasing its assembly of manufactured products and trying to increase mining. For these activities, however, it needs more foreign direct investment. And for that, it needs domestic tranquility and better infrastructure.

Spreadsheet supplement to teaching note 713053.

In late 2008, government officials in Summit County, Ohio began to discuss the possibility of combining the county's three public health districts. These early discussions set the stage for more than two years of negotiations that eventually led to the consolidation of the health departments in late 2010 and early 2011. This case tells the story of why and how officials in Summit County combined their public health districts and includes an epilogue that describes the consolidated agency's first year of operations. Case number 1987.0

In late 2008, government officials in Summit County, Ohio began to discuss the possibility of combining the county's three public health districts. These early discussions set the stage for more than two years of negotiations that eventually led to the consolidation of the health departments in late 2010 and early 2011. This case tells the story of why and how officials in Summit County combined their public health districts and includes an epilogue that describes the consolidated agency's first year of operations. Case number 1987.1

In 1993, the Indian government approved a constitutional amendment that would forever change the face of rural politics. The landmark legislation mandated that village councils-traditionally the bastion of higher caste males-hold regular elections and reserve one-third of the seats for women. India, however, was not alone in its efforts to increase women's representation in elected government. By 2012, half the world's countries had adopted political quotas for women. Despite the rapid rise of political quota systems there was remarkably little rigorous evidence on their effectiveness. Did more female leaders result in more gender equal societies? Could a mandatory change in the balance of power reduce discrimination against women? The design of the Indian quota system gave social scientists a unique opportunity to examine the causal impact of gender quotas. This case profiles findings from the body of rigorous evidence on the impacts of female political quotas in India-with potential lessons for governments and businesses everywhere. Case number 1996.0

When local governments face budget pressures, one approach is to regionalize services-that is, to seek out greater economies of scale by consolidating service delivery with other municipalities. This case describes the effort of two small (though well-heeled) Massachusetts towns to explore a police merger during the financial recession of 2009. The towns of Hamilton and Wenham, located north of Boston in the "North Shore" area, had, in the past, successfully consolidated school systems, libraries, recreation departments, and more. By some calculations, the towns stood to save a significant amount of money by merging police forces. Ultimately, however, they decided against it. The case includes partly conflicting data from several studies that estimate the financial impact of a police merger. Case number 1988.0

The global ambassador for Opportunity International--and a former CEO of Hewlett-Packard--writes that even among the most developed economies, national GDP could be increased by as much as 16% by closing the gender gap in economic participation.

By 2050 the number of people living in cities will have nearly doubled, to 6 billion, and the problems created by this rampant urbanization are among the most important challenges of our time. Of all resource-management issues, the author argues, water, electricity, and transit deserve the greatest focus. Every other service a competitive city provides--functional housing, schools, hospitals, stores, police and fire departments, heating, cooling, waste management--depends on a reliable infrastructure for those three resources. Many corporations and investors assume that fixing cities is the purview of government. But governments around the world are stuck--financially, politically, or both. Implementing solutions to the problems of urbanization requires large amounts of capital, exceptional managerial skill, and significant alignments of interests. All these abound in the private sector. Thus major opportunities exist for businesses that can create and claim value by improving resource efficiency. The products and services that new (or legacy) cities will require, and that provide the return investors and entrepreneurs need, optimize both technological sophistication and financial sophistication--approaches designed to attract capital by offering different levels of risk and return, different cash-flow priorities, and options for both short-term and long-term investment. The author cites a number of companies that have moved toward or into what he calls "the efficiency frontier." These include Sarvajal, in India, which saves money and eliminates waste by selling direct to customers through its "water ATMs"; the Boston-based EnerNOC, which manages electricity production and consumption to reduce spikes in demand; and EMBARQ, based in Washington, DC, which coordinates the interests of business and government to organize city transit services.

The Delhi Metro Rail Corporation (DMRC) suggested the construction of a dedicated express metro line from the city centre to the airport, which had just been handed over to a private party for development. Among the options available to the DMRC was private participation in the project. The structuring had to be such that the project would be completed by the Commonwealth Games deadline of September 2010. The case provides an opportunity to discuss the various structuring options for a public-private-partnership (PPP), the criteria for assessment, and financial analysis in the context of a large infrastructure project.

Valero Energy, an incredibly successful US refiner, needs to make some decisions about tight oil. As production of light tight oil increases-from Eagle Ford, Bakken and elsewhere-Valero considers whether to add topping capacity to handle it, on top of its recent investments for heavy oil. Political decisions, however, are pending on Keystone XL, on crude oil exports, and on LNG exports. Prices, therefore, are up in the air, especially as global capacity increases. Petrochemical companies and oil producers have conflicting views on the appropriate policy. Bill Klesse, the CEO, can either sit back and wait, or move to capture greater market share.