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Sanctions, trade shocks, and firms’ adjustment margins

GLOBAL BUSINESS AND FINANCE MAGAZINE
June 9, 2025
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The sanctions which followed the 2022 Russian invasion of Ukraine generated a large trade shock for firms trading with Russia. This column examines the short-run response of firms in Latvia – a small open economy with strong pre-war trade ties with Russia. The author finds that firms with lower initial exposure to Russia were the […]

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AI in public employment services: Unlocking potential, avoiding pitfalls

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 29, 2025
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Public employment services are rapidly turning to artificial intelligence (AI) to develop a range of sophisticated digital tools. According to a recent survey, half of the public employment agencies in OECD countries have implemented AI solutions such as chatbots that assist with service inquiries, profiling models to assess jobseeker needs, tools that guide job-search strategies, and […]