International Business Today

Only 1 in 10 cancer drugs survives to approval. Dr. Giovanni Abbadessa explains why people, not molecules, determine which ones make it.From secret lab experiments that saved a shelved drug to multispecific antibodies that hit four targets at once, this is the full reality of biotech innovation. You'll learn why 68% of marketed drugs come from small biotechs, how China is outpacing US investment, and what NIH cuts mean for cancer treatment.Dr. Giovanni Abbadessa is CMO at ModeX Therapeutics, leading clinical development of multispecific antibodies for cancer. Previously VP of Oncology Early Development at Sanofi, he spent 20+ years bringing drugs from lab to clinic, including a BTK inhibitor that led to ArQule's acquisition by Merck.🧬 How a "dirty" drug everyone rejected led to a $20/share Merck acquisition📉 Why ArQule's stock crashed from $6 to $1 after two failed Phase 3 trials🔬 How ModeX's tetraspecific antibodies outsmart cancer resistance with four targets🌏 Why China's biotech deals with global pharma grew by a third year over year💸 How NIH cuts could halve PhD pipelines and shrink the drug development workforce⚡ Why the biotech race is like Formula 1: lose a few seconds and you're lost00:00 Intro: "Drugs don't develop drugs. People develop drugs."01:33 From Naples to oncology: volunteering in India and choosing cancer research06:50 Small biotech vs. big pharma when drug trials fail10:30 Why ArQule's Phase 3 failed and the stock crashed to $112:20 Secret lab experiments and breakfast pancakes that rescued a shelved BTK drug19:20 How the BTK inhibitor got ArQule acquired by Merck at $20/share22:00 How ModeX's multispecific antibodies work: CD3, CD28, and T cell engagers26:30 The 2006 TeGenero disaster and why CD28 must be carefully controlled33:00 The tetraspecific advantage: moving binders to tune affinity36:00 How oncology clinical trials work from Phase 1 to FDA approval42:00 How NIH funding cuts ripple from PhD students to fewer drugs for patients48:30 China's biotech rise: from copying molecules to leading innovation54:00 The space race analogy: would the 1960s have defunded NASA mid-race?56:00 Why scientists need to stop "speaking Latin" to the publicAbout the Guest: Dr. Giovanni Abbadessa is CMO at ModeX Therapeutics, developing multispecific biologics for cancer and infectious disease. Previously VP of Oncology Early Development at Sanofi, he oversaw 16 experimental drugs. He trained in oncology in Milan and holds a PhD in genetic oncology.LinkedIn: https://www.linkedin.com/in/abbadessa ModeX: https://www.modextherapeutics.com/team-member/giovanni-abbadessa/About the Host: Ravi Sarathy is Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business and co-host of International Business Today.Northeastern: https://damore-mckim.northeastern.edu/people/ravi-sarathy/ LinkedIn: https://www.linkedin.com/in/ravi-sarathy-5848705/🎬 Watch: https://youtu.be/qVLkpHFkvZQ📺 YouTube: https://www.youtube.com/@InternationalBusinessToday 🎧 Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf 🍎 Apple: https://podcasts.apple.com/us/podcast/international-business-today/id1665009512 💼 LinkedIn: https://www.linkedin.com/company/international-business-today-by-northeastern-university/ 🌐 https://damore-mckim.northeastern.edu/podcasts/international-business-today/🎓 Explore Northeastern's online programs → https://online.northeastern.edu/#BiotechInnovation #IBTPodcast #NortheasternUniversity #GiovanniAbbadessa #DrugDevelopment #ModeXTherapeutics #CancerResearch #FutureOfMedicine #NIHFunding #ChinaBiotech #BusinessPodcast

20 million textbooks a year, down to less than 1 million. John Fallon led Pearson through one of the most dramatic digital transformations in corporate history.The ed-tech "unicorns" everyone bet on? He calls them "uni-corpses." In this conversation about digital transformation and leadership, the former Pearson CEO reveals why the human side of transformation is harder than the technology, what the Fortune 500 data actually shows about disruption, and how purpose kept a 190-year-old company alive when the stock price was in freefall.John Fallon served as CEO of Pearson for nearly a decade, steering the education giant from print to digital. He is co-author of Resurgent: How Established Organizations Can Fight Back and Thrive in an Age of Digital Transformation, and is now Professor of Practice at Northeastern University.📉 How Pearson's textbook business collapsed from 20M units to under 1M in a decade📊 Why 474 of the 1995 Fortune 500 are still thriving today🚨 The CEO mistake of calling middle managers "permafrost" instead of shock absorbers💸 How a failed $200M bet on self-publishing revealed the truth about disruption⚡ Why AI will transform work over a decade, not six months🎯 How surviving throat cancer reshaped his entire philosophy on leadershipAbout the Guest: John Fallon served as CEO of Pearson PLC for eight years, leading the 190-year-old education company through a major digital transformation. He is now Professor of Practice at Northeastern University, Chair of GEMS Education, and an executive fellow at London Business School.LinkedIn: https://www.linkedin.com/in/johnfallonpearsonPearson: https://www.pearson.com📖 Get Resurgent: How Established Organizations Can Fight Back and Thrive in an Age of Digital TransformationAmazon: https://www.amazon.com/Resurgent-established-organizations-digital-transformation/dp/1399422014Bookshop.org: https://bookshop.org/p/books/resurgent-how-established-organizations-can-fight-back-and-thrive-in-an-age-of-digital-transformation-john-fallon/ebdeee7c51062b46About the Host: Paula Caligiuri is a Distinguished Professor at Northeastern University's D'Amore-McKim School of Business and co-host of International Business Today. Her research focuses on cultural agility, global leadership, and workforce development.Northeastern: https://damore-mckim.northeastern.edu/people/paula-caligiuri/LinkedIn: https://www.linkedin.com/in/paulacaligiuri🎬 Watch this episode: https://youtu.be/bfSWh7h_wiQInternational Business Today Podcast:📺 YouTube: https://www.youtube.com/@InternationalBusinessToday🎧 Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf🍎 Apple: https://podcasts.apple.com/us/podcast/international-business-today/id1665009512💼 LinkedIn: https://www.linkedin.com/company/international-business-today-by-northeastern-university/🌐 https://damore-mckim.northeastern.edu/podcasts/international-business-today/🎓 Ready to lead through the next wave of digital transformation? Explore Northeastern's online business programs → https://online.northeastern.edu/#IBTPodcast #NortheasternUniversity #DigitalTransformation #JohnFallon #CEOLeadership #FutureOfWork #AIinBusiness #Pearson #ChangeManagement #ExperientialLearning #BusinessPodcast #HigherEducation

Lidiane Jones shares the leadership playbook most tech leaders ignore.From growing up in São Paulo to working in Silicon Valley, Lidiane built her career on one thing: adaptability. In this conversation, she breaks down how to scale products globally, why senior leaders need to actually use their own product, and what the future of AI means for human creativity. Lidiane Jones is a longtime tech leader who has spent her career building and scaling digital products at some of the world's best known companies. She's held senior roles at Microsoft, Sonos, and Salesforce, and served as CEO of both Slack and Bumble. Today she works as an adviser and board member, bringing a human-centered perspective to how companies grow, adapt, and lead.🔑 Key Takeaways:🌍 How growing up in Brazil shaped her approach to building products for a billion global users📉 Why the innovator's dilemma nearly stalled Microsoft Office's move to the cloud🎵 The Sonos principle "don't stop the music" that changed how she leads every team since🤝 How she used her immigrant story to unite Slack and Salesforce employees after acquisition🧠 Why senior leaders who don't use their own product are making a critical mistake⚡ What AI should actually unlock for businesses (hint: it's not just productivity)About the Guest:Lidiane Jones is a Brazilian-American technology executive, investor, adviser, and board director. She has served as CEO of both Slack and Bumble, and held senior leadership roles at Salesforce, Sonos, and Microsoft over a career spanning more than two decades. She holds a BS in Computer Science from the University of Michigan.LinkedIn: https://www.linkedin.com/in/lidianejones/Silversmith Capital Partners: https://www.silversmith.com/senior-advisors/lidiane-jonesAbout the Host:Paula Caligiuri is a Distinguished Professor at Northeastern University's D'Amore-McKim School of Business and co-host of International Business Today. Her research focuses on cultural agility, global leadership, and workforce development.Northeastern: https://damore-mckim.northeastern.edu/people/paula-caligiuri/LinkedIn: https://www.linkedin.com/in/paulacaligiuri🎬 Watch this episode: https://youtu.be/YLHWcYSGknYInternational Business Today Podcast:📺 YouTube: https://www.youtube.com/@InternationalBusinessToday🎧 Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf🍎 Apple: https://podcasts.apple.com/us/podcast/international-business-today/id1665009512💼 LinkedIn: https://www.linkedin.com/company/international-business-today-by-northeastern-university/🌐 https://damore-mckim.northeastern.edu/podcasts/international-business-today/🎓 Want to lead through change like Lidiane? Explore Northeastern's online business programs → https://online.northeastern.edu/#TechLeadership #IBTPodcast #NortheasternUniversity #LidianeJones #Adaptability #WomenInTech #FutureOfWork #AIinBusiness #GlobalLeadership #SlackCEO #BusinessPodcast #CareerGrowth

🏥 How does a medical device go from concept to patient care? 💡The medical device industry spans everything from IV tubing to surgical robots, requiring rigorous FDA approval, complex reimbursement negotiations, and global regulatory navigation. Innovation is essential - without R&D investment and strong IP protection, companies cannot compete in this highly regulated, research-intensive field.🎙️ In the latest episode of International Business Today, "Inside the Medical Device Industry with Geri Cramer," host Ravi Sarathy sits down with Geri Cramer, Director of Health Economics and Market Access at Boston Scientific, to explore:🎯 How the medical device industry differs from pharmaceuticals and its barbell structure 🔬 The rigorous pathway from clinical trials to FDA approval to market access 💰 How reimbursement from Medicare, Medicaid, and insurers shapes device adoption 🌍 Navigating global regulatory differences and launching products across markets 🤖 Where AI fits in device development, diagnosis support, and patient outcomes💡 Whether you're in healthcare, considering a medical device career, or interested in health innovation, this episode reveals the complex journey from medical breakthrough to patient benefit.About the guest: Geri Cramer is Director of Health Economics and Market Access for the Endoscopy Division at Boston Scientific. She holds a PhD in Population Health from Northeastern University, an MBA from UMass Amherst, and began her career as a registered nurse (RN, BSN). Her unique background combines clinical practice, research, and business strategy, with a focus on translating research into practice, shaping healthcare policy, and guiding the development of innovative medical technologies. She has 20 years of experience in the medical device industry.📺 Watch Episode on YouTube:https://youtu.be/mF1JCUkQm3U 📺 Watch on YouTube: https://www.youtube.com/@InternationalBusinessToday 🎧 Listen on Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf 🎧 Listen on Apple Podcasts: https://podcasts.apple.com/sg/podcast/international-business-today/id1665009512#MedicalDevices #HealthcareInnovation #FDA #HealthEconomics #BostonScientific #GeriCramer #Podcast #RegulatoryAffairs #GlobalHealth #MedTechKeywords medical devices, healthcare innovation, FDA approval, health economics, reimbursement, Boston Scientific, regulatory affairs, clinical trials, medical technology, Geri Cramer, Ravi Sarathy, global health, market access, patient outcomes, pharmaceutical industry, AI in healthcare, surgical robots, medical device regulation, healthcare policy, population health

$300 billion has already migrated from traditional banks into stablecoins. Under fractional reserve banking, every dollar withdrawn shrinks lending capacity by 2-3x—reducing credit, raising rates, and pressuring the entire banking system. Meanwhile, DeFi platforms offer higher yields through lower costs and automated execution. The competitive battle is real.But DeFi isn't invincible. The November 2025 Balancer hack cost $120 million. Mt. Gox collapsed in 2014. And "decentralized" finance is becoming increasingly centralized—creating the exact single points of failure it was designed to eliminate.In this episode, Professor Ravi Sarathy examines how DeFi is disrupting traditional banking, the security vulnerabilities threatening billions in assets, and the regulatory challenges nation-states must solve to prevent another 2008-style crisis.You'll discover: → How stablecoins threaten bank deposits and credit availability → Why DeFi can offer higher yields than traditional banks → APIs and open banking: the battle over account access pricing → How banks are responding: copying, integrating, partnering → The centralization paradox in "decentralized" finance → Major security vulnerabilities: stolen keys, custody risks, governance flaws → Smart contract exploits and cross-chain bridge hacks → Mt. Gox and Balancer: $120M+ lost to security failures → DEX laundering and converting stolen crypto to fiat → Financial inclusion: DeFi serving the unbanked and refugees → Regulatory challenges: innovation vs. systemic stability → AML/KYC requirements and international harmonization → Lessons from 2008: preventing the next financial crisisRESOURCES: Enterprise Strategy for Blockchain (MIT Press): https://mitpress.mit.edu D'Amore-McKim School of Business: https://damore-mckim.northeastern.eduABOUT THE HOST: Ravi Sarathy is a Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business and author of "Enterprise Strategy for Blockchain" (MIT Press). A crypto enthusiast who follows the industry closely, he brings academic rigor to understanding blockchain's business implications and systemic risks.CHAPTERS: 0:00 - How DeFi Disrupts Traditional Finance 0:47 - Stablecoins: The $300B Threat to Banks 2:24 - Fractional Reserve Banking & Credit Contraction 4:14 - Yield Competition: Why DeFi Offers Higher Returns 5:59 - APIs and Open Banking Access Pricing 7:57 - How Traditional Banks Are Responding 10:55 - The Centralization Paradox 12:30 - Security Vulnerabilities: Stolen Private Keys 14:23 - Flawed Governance Models 15:30 - Smart Contract Exploits 17:13 - Cross-Chain Bridge Hacks 18:23 - Mt. Gox and Balancer Hacks 19:29 - Financial Inclusion: Serving the Unbanked 21:49 - Regulatory Challenges 23:39 - Systemic Risk: Lessons from 2008 24:20 - AML/KYC and Illicit FinanceABOUT THE SHOW: International Business Today explores critical issues in global business with top academic experts. Hosted by professors from Northeastern University's D'Amore-McKim School of Business.SUBSCRIBE: YouTube: https://www.youtube.com/@InternationalBusinessToday Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf Apple Podcasts: https://podcasts.apple.com/sg/podcast/international-business-today/id1665009512DISCLAIMER: This content is for educational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are volatile and carry significant risk. Consult a qualified financial advisor before making investment decisions.#DeFi #DeFiRisks #TraditionalFinance #TradFi #Stablecoins #BankingDisruption #CryptoSecurity #FinancialRegulation #Blockchain #DEX #SmartContracts #BalancerHack #MtGox #FinancialInclusion #SystemicRisk #AML #KYCDeFi risks explained, DeFi security, decentralized finance, banking disruption, stablecoins, crypto hacks, Mt Gox, Balancer hack, cross-chain bridges, smart contracts, financial regulation, systemic risk, Ravi Sarathy

Decentralized finance is processing over $50 billion in transactions monthly—without a single bank involved. That's not theoretical anymore. It's reshaping how money moves globally.Traditional finance relies on intermediaries at every step: banks hold your deposits, brokers execute trades, clearinghouses settle transactions. Each one takes a cut, adds delays, and creates barriers to access. DeFi eliminates the middlemen entirely using blockchain technology, smart contracts, and peer-to-peer networks. The promise? Lower costs, instant settlement, financial services for the 1.4 billion unbanked people worldwide, and 24/7 markets that never close.In this episode, Professor Ravi Sarathy breaks down the fundamentals of decentralized finance—how it works, what it enables, and why $300 billion in stablecoins are already circulating in the ecosystem. This is the foundation for understanding a financial system that's being rebuilt from the ground up.You'll discover: → How Fintech evolved into DeFi and the shift to true disintermediation → Smart contracts on Ethereum: automated execution without intermediaries → Real-world applications from digital wallets to decentralized exchanges → Why stablecoins matter: $300 billion tokenizing the US dollar → Cross-border payments without 6% fees and week-long delays → Yield farming, automated lending, and algorithmic portfolio management → How blockchain data enables creditworthiness for the unbanked → Agentic AI + DeFi: the rise of autonomous financial agents → What automated market makers and liquidity pools actually doWhether you're a business leader evaluating blockchain for payments, an investor trying to understand crypto infrastructure, or simply curious how finance is being reimagined, this episode gives you the essential framework.RESOURCES: Enterprise Strategy for Blockchain (MIT Press): https://mitpress.mit.edu D'Amore-McKim School of Business: https://damore-mckim.northeastern.eduABOUT THE HOST: Ravi Sarathy is a Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business. He is the author of "Enterprise Strategy for Blockchain" from MIT Press and an expert in global strategy, emerging technologies, and digital transformation. A self-described crypto enthusiast, he follows the industry closely and brings academic rigor to understanding blockchain's business implications.CHAPTERS: 0:00 - Introduction: Not Financial Advice 0:47 - What is Fintech? Finance Meets Technology 1:40 - The Four Core Objectives of Fintech 2:13 - Decentralized Finance (DeFi) Explained 3:06 - Key Features: Smart Contracts & Automation 4:21 - DeFi Applications: From Payments to Insurance 6:36 - Cross-Border Finance Without Banks 7:23 - Big Data & Creditworthiness Assessment 8:44 - Use Cases: Digital Wallets & Security 9:39 - Stablecoins: $300 Billion and Growing 10:34 - Automated Lending & Liquidation 11:28 - Yield Farming: Building Your Interest Ladder 12:43 - Decentralized Exchanges (DEXs) Explained 13:53 - Automated Market Making 14:48 - Portfolio Rebalancing & Agentic AI 15:46 - What's Next: Risks, Regulation & DisruptionABOUT THE SHOW: International Business Today explores critical issues in global business with top academic experts and thought leaders. Hosted by professors from Northeastern University's D'Amore-McKim School of Business.SUBSCRIBE: YouTube: https://www.youtube.com/@InternationalBusinessToday Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf Apple Podcasts: https://podcasts.apple.com/sg/podcast/international-business-today/id1665009512DISCLAIMER: This content is for educational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are volatile and carry significant risk. Please consult a qualified financial advisor before making any investment decisions.#DeFi #DecentralizedFinance #Fintech #Blockchain #Cryptocurrency #SmartContracts #Stablecoins #

In this episode, Professor Ravi Sarathy explains how stablecoins work, what the GENIUS Act changed, and why USDT and USDC now control $300 billion in market cap. He also explores the risks: What happens if everyone tries to redeem at once? Is it healthy for two companies to dominate global digital payments? And why don't stablecoin holders have the same protections as bank depositors?You'll discover: → How one-to-one reserves create price stability → The Terra LUNA collapse and why it triggered new regulations → What the GENIUS Act requires from stablecoin issuers → Why stablecoins are reinforcing US dollar dominance globally → The "collateral fragility" risk that hasn't been tested yet → How banks are fighting back with deposit tokensWhether you're a business leader evaluating cross-border payment options or an investor trying to understand the stablecoin landscape, this episode cuts through the complexity.RESOURCES: Enterprise Strategy for Blockchain (MIT Press): https://mitpress.mit.edu D'Amore-McKim School of Business: https://damore-mckim.northeastern.eduABOUT THE HOST: Ravi Sarathy is a Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business. He is the author of "Enterprise Strategy for Blockchain" from MIT Press and an expert in global strategy, emerging technologies, and digital transformation. He is currently working on a new book on global payments.ABOUT THE SHOW: International Business Today explores critical issues in global business with top academic experts and thought leaders. Hosted by professors from Northeastern University's D'Amore-McKim School of Business.SUBSCRIBE: YouTube: https://www.youtube.com/@InternationalBusinessToday Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf Apple Podcasts: https://podcasts.apple.com/sg/podcast/international-business-today/id1665009512DISCLAIMER: This content is for educational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are volatile and carry significant risk. Please consult a qualified financial advisor before making any investment decisions.#Stablecoins #USDT #USDC #Cryptocurrency #DigitalCurrency #Blockchain #GlobalPayments #GENIUSAct #Fintech #CrossBorderPayments #DeFi #TerraLUNA #Circle #Tether #BusinessPodcast

In this episode of International Business Today, Professor Ravi Sarathy explains what makes Ethereum fundamentally different from Bitcoin, how proof of stake changed the game, and why competitors like Solana are gaining ground. Whether you're trying to understand DeFi, real-world asset tokenization, or just why Ethereum matters for global finance, this episode breaks it down.You'll discover: → Why Ethereum was designed for business while Bitcoin was designed for payments → How smart contracts automate transactions when conditions are met → The Layer 1 vs. Layer 2 distinction and why it matters for scalability → How proof of stake reduced Ethereum supply and boosted prices → Why Ethereum allows 1.5% annual inflation while Bitcoin has a hard cap → The Solana threat: faster transactions, lower costs, growing developer momentumWhether you're an investor evaluating crypto assets or a business leader exploring blockchain applications, this episode maps out where Ethereum fits in the digital currency landscape.RESOURCES: Enterprise Strategy for Blockchain (MIT Press): https://mitpress.mit.edu D'Amore-McKim School of Business: https://damore-mckim.northeastern.eduABOUT THE HOST: Ravi Sarathy is a Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business. He is the author of "Enterprise Strategy for Blockchain" from MIT Press and an expert in global strategy, emerging technologies, and digital transformation. He is currently working on a new book on global payments.ABOUT THE SHOW: International Business Today explores critical issues in global business with top academic experts and thought leaders. Hosted by professors from Northeastern University's D'Amore-McKim School of Business.SUBSCRIBE: YouTube: https://www.youtube.com/@InternationalBusinessToday Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf Apple Podcasts: https://podcasts.apple.com/sg/podcast/international-business-today/id1665009512DISCLAIMER: This content is for educational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are volatile and carry significant risk. Please consult a qualified financial advisor before making any investment decisions.#Ethereum #Cryptocurrency #Blockchain #SmartContracts #DeFi #Solana #DigitalCurrency #CryptoInvesting #RealWorldAssets #Tokenization #ProofOfStake #GlobalFinance #BusinessPodcast #ETH #Fintech

In this episode, Professor Ravi Sarathy breaks down the three motives for holding money—transaction, investment, and speculation—and explains why Bitcoin succeeds at some and fails at others. He also explores why Bitcoin's 21 million cap matters, what Fidelity's cycle analysis reveals about where prices are heading, and whether digital currencies can truly hedge against government debt and currency devaluation.You'll discover: → Why Bitcoin is a poor means of payment but a compelling long-term investment → The 2008 financial crisis philosophy that still drives Bitcoin today → How ETFs made Bitcoin an "investable class" instead of pure gambling → Why speculators and margin calls create short-term volatility → The Milton Friedman principle that could reshape Bitcoin's future → What Fidelity's price cycle analysis suggests about the $100K floorWhether you're a long-term holder wondering if you should stay the course or new to crypto trying to understand what Bitcoin actually is, this episode cuts through the noise.RESOURCES: Enterprise Strategy for Blockchain (MIT Press): https://mitpress.mit.edu D'Amore-McKim School of Business: https://damore-mckim.northeastern.eduABOUT THE HOST: Ravi Sarathy is a Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business. He is the author of "Enterprise Strategy for Blockchain" from MIT Press and an expert in global strategy, emerging technologies, and digital transformation. He is currently working on a new book on global payments.

🏛️ Is the era of free-market capitalism ending? 🌍From Intel's government stake to China's reassertion of state control, governments worldwide are increasingly intervening in markets through ownership, mandates, and ideological influence. For multinational corporations, navigating this shift requires new skills in political strategy and stakeholder management.🎙️ In the latest episode of International Business Today, "The Rise of State Capitalism with Alvaro Cuervo-Cazurra," host Ravi Sarathy sits down with Professor Alvaro Cuervo-Cazurra, expert on state-owned enterprises and global strategy, to explore:🎯 How state capitalism differs from free markets and communism 🏢 Why governments use prices, mandates, and ownership to control economies 💼 National champions and sovereign wealth funds as instruments of state power 🌐 How multinationals should adapt when competing against state-owned firms💡 Whether you're a business executive, policy analyst, or student of international business, this episode reveals how the pendulum is swinging back toward government intervention and what companies must do to succeed in this new reality.About the guest: Alvaro Cuervo-Cazurra is the CEM Chair of Global Sustainability and Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business. He is a fellow of the Academy of International Business and editor of The Oxford Handbook of State Capitalism and Firm Strategy. His research examines how institutions and government ownership impact internationalization and firm performance, with a focus on emerging markets and state-owned enterprises.Learn more about Alvaro Cuervo-Cazurra: https://damore-mckim.northeastern.edu/people/alvaro-cuervo-cazurra/📺 Watch on Episode: https://youtu.be/hOXRxQ9rMVE 📺 Watch on YouTube: https://www.youtube.com/@InternationalBusinessToday 🎧 Listen on Spotify: https://open.spotify.com/show/2y21XexVdXEiTBdZQIuSyf 🎧 Listen on Apple Podcasts: https://podcasts.apple.com/sg/podcast/international-business-today/id1665009512#StateCapitalism #GlobalStrategy #StateOwnedEnterprises #Geopolitics #InternationalBusiness #AlvaroCuervoCazurra #Podcast #PoliticalEconomy #BusinessStrategy