Economía

This study contributes to the business model innovation literature by addressing a gap that explores how companies in emerging markets leverage their digital business models to operate with outstanding success. More specifically, it makes a relevant contribution regarding the value drivers that an emerging market e-commerce business must take into account especially to capture value in its entire ecosystem. Six very successful companies are explored to understand the factors that have driven success as a result of the processes of business model innovation in this context. Four new drivers have been identified, in addition to those already described in the literature surveyed for ebusiness models, which are very important in this type of market. Considering that this study aims to address a virtually unexplored research area, case study methodology is deemed the most appropriate approach for this purpose.

With the COVID-19 pandemic, today’s business operations have become even more volatile, uncertain, complex, and ambiguous (VUCA) in these uncertain times. The growing complexity of emerging digital markets poses significant challenges for studying how companies are adapting and innovating their business models. Despite the widespread
agreement on the importance of dynamic capabilities to the success of VUCA environments, little is known about how these capabilities contribute to the business model innovation of digital companies in emerging markets. This paper aims to provide an understanding of how
digital companies apply dynamic capabilities to innovate their business model in emerging markets. A detailed literature review will include different theories such as Dynamic Capability and Business Model Innovation. Elements from those areas of literate are combined, providing the empirical foundation for this paper. The empirical study is carried
out as a multiple case study. For the case studies, five digital companies, leaders in their industry for their development and market valuation (also referred to as Unicorn companies) were selected from different Latin American technology industries. The data were primarily collected from public information for investors and semi-structured interviews with company founders and team members. Findings indicate that performing well in emerging markets characterized by VUCA environments and institutional voids requires business model innovation guided by strong sensing and implementation capabilities, especially in enterprises
characterized by innovative markets such as the digital market. This study increases understanding of the relationship between dynamic capabilities and business model innovation literature. Finally, a conceptual model integrating the main concepts investigated is proposed.

This paper explores how six companies from Latin America markets adapt their business models to operate successfully using web-based strategies. We developed in depth research trying to understand the factors that have driven success as a result of the processes of adaptation of their business models in this geographic context.

This study contributes to the literature on business model by addressing a gap regarding how firms from emerging markets adapt their business models to operate successfully using webbased strategies. A marketplace business model is explored-the most important retailer in Latin America-, in order to understand the factors that have driven success as a result of the processes of business model innovation in this context. Based on the valuable data obtained from the case study and on the theory on strategy in emerging markets and business models, common principles and activities that might be fundamental for the success of an e-commerce business model in emerging economies are identified. Finally, the main implications on value creation from these kinds of business models are discussed and value drivers specifics are suggested. Considering that the aim of this study is to address a virtually unexplored research area, case study methodology has been deemed the most appropriate approach for this purpose.

This dissertation explores how firms from emerging markets adapt their business models to operate successfully using web-based strategies. In doing so, we developed in depth research on the characteristics of the business models of six Latin American companies, in an attempt to understand the strategies and factors that have driven success as a result of the processes of adaptation of their business models in this geographic context. This analysis led to the identification of common themes across the six cases. The main implications on value creation from these kinds of business models are discussed and success factors specifics are suggested. Finally, we propose a framework of strategic theories that best illuminate these realities in emerging economies. Considering that the aim of this study is to address a virtually unexplored research area, multiple case study methodology has been deemed the most appropriate approach for this purpose.

This paper sustains that reappraising Austrian economics in the light of Aristotelian ideas is not only possible but also fruitful. First, I draw a sketch of the essential features of Austrian economics. Next, I argue about the necessity for a thorough analysis of the notion of freedom, and I analyze Mises' conception. Next, I expose Aristotle's social, epistemological and economic thought related to Austrian main traits. An account of how the exercise of Aristotelian virtues may be synergic with economic coordination and a sketch of the consequences of the proposal on the teaching of economics are then provided. Finally, the conclusion shortly sums up the content and relevance of Aristotle's contribution.

In the last decades, there has been a growing interest among academia and policy makers on the impact of international trade on national employment. The studies about the impact of exports have found a positive effect on employment. Nevertheless, that impact would vary according to the kind of export, as trading manufactures create more jobs than the trade of primary products. Argentine exports have increased considerably in the last decade, driven by the increased demand of food by Asia. This has reconfigured the characteristics of trade flows of the country, as traditional trade partners beyond Mercosur (Europe and the United States) lost ground against developing Asian countries. The increase of exports to Asia generated important benefits to foodstuff producers and for the national government, who gets an important part of the sector's profitability through export taxes. The impact that this change had in Argentina's provinces, however, has not been properly studied. The objective of this study is to fill that gap, measuring the impact in private employment of the increased exports to Asia. To do that, regional data of employment and exports from 2003 to 2013 has been compiled and analyzed. Certain patterns of agglomeration of private jobs are characteristic to Argentina: 73% of them can be found in the Pampas region, and the number jumps to 78% for the case of manufacturing jobs. The industrialist policies of the country in the last decade benefitted the Pampas region. Exports to South East Asia concentrate in a few primary products. Even though they had a positive effect on employment level in those sectors, that effect is not as strong as the one that can be found for manufacturing products. New and better policies that can help increase regional economies' added value are necessary in order to generate manufactured products that can be inserted in new and distant markets. This is a necessary step towards developing the private sector in poor provinces and balancing the concentration of economic activity in the Pampas regions.

In 2012, Prime Minister Abe launched an audacious plan to revitalize the stagnant Japanese economy. Based on three pillars, the plan helped the third largest economy to return to the track of economic growth, but it could not solve some structural problems of the economy, as the high level of indebtedness, very low inflation and the bottleneck that the lack of workers present to future economic growth. This paper revisits the context in which the plan was designed, presents its principles, examines its results in the economy and analyses the challenges for the near future.

Despite recent discussions on the possibility of re-issuing former European currencies, few studies have analyzed the impact that regional currencies had on economic activity. The case of Argentina from 2001 to 2003 presents a particular case study to analyze this. Fifteen out of the twenty three provinces issued their own currencies to deal with budget deficits and under the assumption that the increase supply of money would spur the demand of goods and services. At the same time, the country suffered its worst economic crisis, with a surge in unemployment, poverty, a major devaluation of the Peso and the drop of economic activity. This paper first presents briefly the characteristics of Argentina in those years and introduces the list of provincial currencies that were issued. Then, it analyzes the effect that quasicurrencies had on several employment variables, by comparing the group of provinces that issued local monies with the group that did not. The employment level in the in...

Regional knowledge is held by the many actors that interact in the same geographical area. Regional knowledge creation is a social process that requires the interaction of actors. This article examines into the role of organizations in fostering knowledge creation by analyzing Japanese universities' joint research centers. These centers helped universities raise their level of collaboration with private firms. It also helped small and medium region's firms to advance their collaboration with universities. Universities that established this organization first show a higher level of increase in joint researches than other universities. Proximity facilitates exchanges among regional actors, but it is necessary to have a set of organizations that help the region benefit from geographical closeness and enhance actors'interaction.