How to make Nobel laureates

In 1982, the Department of Economics at the University of Minnesota became the research headquarters of four professors who changed economic theory. Perhaps that would not be such a salient story for innovation, were it not because Minnesota was a public university, located in a place better known to corn and soy farmers, and far from the usual scenarios of extraordinary scholarly achievement. This was not a case of overnight success. In fact, as is the case with most “overnight successes,” this one took years to evolve. It required a singular mix of personal leadership, commitment to rigorous academic training, impeccable team selection, and setting the right motivations for the team to work. Twelve years before, in 1970, the Department […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]