Women entrepreneurs face distinct gender-specific challenges, including restricted access to venture capital, work–life conflicts driven by stereotypes, and competing demands from their roles as business owners, caregivers, and community leaders. These pressures often foster polychronicity – a temporal orientation favoring simultaneous task management. Grounded in role accumulation theory, we conduct a two-stage survey of 129 Chinese women entrepreneurs to investigate the relationship between polychronicity and resilience. We further examine three moderators – frequent interruptions, entrepreneurial experience, and emotional intelligence – that amplify polychronicity’ s resilience-building effects. This study highlights the positive association between polychronicity and women entrepreneurs’ resilience, offering new insights into temporal dynamics in entrepreneurship. It also provides women entrepreneurs with practical strategies to help them navigate multiple role challenges and thrive amid adversity by leveraging their preference for multitasking.

This essay reviews the following films:

Cuando las aguas se juntan. Dir. Margarita Martínez Escallón. Prod. La Retratista. Colombia, 2023. 85 minutes. Distributed by Cineplex.

Cantos que inundan el río. Dir. Luckas Perro (also known as Germán Arango Rendón). Prod. Pasolini en Medellín. Colombia, 2022. 72 minutes. Distributed by Briosa Films.

Del otro lado. Dir. Iván Guarnizo. Prod. Gusano Films, Salon Indien Films, RTVC Play. Colombia-Spain, 2021. 83 minutes. Distributed by DOC:CO Agencia de Promoción y Distribución.

This essay reviews the following works:

Flaco’s Legacy: The Globalization of Conjunto. By Erin E. Bauer. Champaign: University of Illinois Press, 2023. Pp. viii + 290. $30.00 paperback. ISBN: 9780252087158.

Indigenous Audibilities: Music, Heritage, and Collections in the Americas. By Amanda Minks. Oxford: Oxford University Press, 2023. Pp. 256. $28.99 paperback. ISBN: 9780197532492.

Fernando Ortiz on Music: Selected Writing on Afro-Cuban Culture. By Robin D. Moore. Philadelphia: Temple University Press, 2018. Pp. ix + 282. $69.50 hardcover. ISBN: 9781439911730.

Sounding Latin Music, Hearing the Americas. By Jairo Moreno. Chicago: University of Chicago Press, 2023. Pp. x + 364. $35.00 paperback. ISBN: 9780226825687.

La conquista discográfica de América Latina. By Sergio Ospina Romero. Buenos Aires: Gourmet Musical, 2024. Pp. 314. Paperback. ISBN: 9789873823954.

A Respectable Spell: Transformations of Samba in Rio de Janeiro. By Carlos Sandroni. Translated by Michael Iyanaga. Champaign: University of Illinois Press, 2021. Pp. xxxix + 275. $28.00 paperback. ISBN: 9780252086083. Originally published as Feitiço decente: Transformações do samba no Rio de Janeiro (1917–1933). Rio de Janeiro: Jorge Zahar and Editora UFRJ, 2001.

Decolonial Metal Music in Latin America. By Nelson Varas Díaz. Bristol, UK: Intellect, 2021. Pp. 256. $34.95 paperback. ISBN: 9781789387568.

Inca Music Reimagined. By Vera Wolkowicz. New York: Oxford University Press, 2022. Pp. xvi + 272. $97.00 hardcover. ISBN: 9780197548943.

Inequality is an inherent quality of society. This paper provides actuarial insights into the recognition, measurement, and consequences of inequality. Key underlying concepts are discussed, with an emphasis on the distinction between inequality of opportunity and inequality of outcome. To better design and maintain approaches and programmes that mitigate its adverse effects, it is important to understand its contributing causes. The paper outlines strategies for reflecting on and addressing inequality in actuarial practice. Actuaries are encouraged to work with policymakers, employers, providers, regulators, and individuals in the design and management of sustainable programmes to address some of the critical issues associated with inequality. These programmes can encourage more equal opportunities and protect against the adverse financial effects of outcomes.

Societal concerns on the environmental impact of manufacturing activities in developing economies have intensified over the past decade. Open innovation (OI) has emerged as a promising approach to mitigate these adverse effects without compromising sustainable performance (SP). This primary aim of this study is to examine and evaluate the current state of research on OI and SP practices for further empirical studies in developing economies. Using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses framework, we systematically reviewed and analysed 108 articles from Scopus, Web of Science, Google Scholar, and ScienceDirect databases related to OI and SP practices. Our study highlights significant knowledge gaps in the relationship between OI and SP in manufacturing, noting a predominant focus on developed countries. This research contributes to the existing literature by identifying critical contextual and theoretical gaps, providing valuable insights and theoretical implications for future OI and SP research agendas in developing countries.

Unlike existing studies on labour and income in the digital era, this paper argues not only that the impact of the digital economy’s intervention in the labour process is fragmented rather than comprehensive, but also that the transformation of job demand and labour supply behaviours is simultaneous and related to the attributes of the industries in which they operate. Drawing on the conventional biased technological progress hypothesis and labour process theory, we argue that the digital economy has generally increased the labour income inequality for migrant workers in China. Using geospatially matched China Labour Dynamics Survey 2018 microdata and provincial digitalisation indices, we uncover a digital ‘upgrading trap’: the development of the digital economy hides the process of inequality formation in the hedging relationship between objective labour demand ‘upgrading’ and subjective labour supply ‘expanding’. The former can be summarised as the risk of ‘no job’ and the latter as the risk of ‘no way back’. Counterintuitively, consumer Internet development demonstrates a greater role in both reducing workers’ inequality in secondary labour markets and promoting a fair primary distribution. These findings reconceptualise digital inequality as coevolutionary outcomes, and offer a tripartite governance way for inclusive growth through portable skill certification, algorithmic accountability mechanisms, and interoperable social security systems.

Health policy reforms often fail due to design flaws, implementation gaps, and political barriers. This paper examines the role of government stewardship in addressing these barriers drawing on lessons from healthcare reforms in Sanming, China, a city that has become a nationally recognised model for comprehensive health system reform. Employing a qualitative approach, the analysis traces how six core stewardship functions – strategic visioning, institutional alignment, instrument design, partnership management, accountability reinforcement, and learning facilitation – enabled Sanming’s government to control costs and improve service delivery and health outcomes. Sanming’s experience illustrates the potential for local government stewardship to catalyse reform in the face of constraints. Interviews indicated that strengthened stewardship enabled the government to set strategic direction for the health system, mobilise stakeholders, formulate workable policies, and adapt to changing needs during implementation. However, participants identified persistent challenges, including uneven distribution of capacity across agencies, changes in the external policy environment, and deficient stakeholder feedback loops. While specific to the local context, the core stewardship competencies identified in the paper offer a generalisable framework for strengthening reform governance in other settings. As countries seek to build resilient and equitable health systems, the lessons from Sanming’s stewardship model provide a timely contribution to the global health reform discourse.

Superstitions are unproven beliefs that shape decision-making. While many studies have examined their influence on corporate financial decisions, few have addressed their impact on corporate social responsibility (CSR). In this study, we focus on the superstition associated with the Chinese zodiac year – a belief linked to bad luck – and investigate its effect on firms’ charitable donations. Drawing on literature concerning stress appraisal, resource building, and corporate philanthropy, and using data from Chinese listed firms from 2008 to 2020, we find a positive association between a CEO’s zodiac year and corporate donations. Furthermore, this effect is weakened by CEO’s overconfidence and amplified by increased negative media coverage of CEOs during zodiac years. This study contributes to the literature on the outcomes of superstitions in management, the antecedents of corporate philanthropy, the boundary conditions of stress appraisal, and the agency motivations of corporate philanthropy. Managerial implications are also discussed.

Legitimizing property rights over the resources that participants use in dictator and ultimatum games has been shown to significantly alter behavior. However, a similar impact has not been observed in public good experiments. We employ an interior public good design with thirty periods of peer punishment, which allows groups to choose between plausible contribution norms without conflicting with efficiency. Across our Unearned and Earned treatments, endowments are randomly allocated or earned through a real effort task. In Unearned, both High and Low types adhere to a norm of contributing an equal proportion of one’s endowment. In contrast, in Earned, only Low types adhere to the proportional contribution norm, while High types contribute less than an equal proportion. Notably, deviations from the proportional contribution by High types are punished significantly less in Earned, suggesting a greater tolerance to such deviations when property rights are earned.

Why does collaboration among competitors persist as industries mature? Standard models predict it will fade with formal governance and rivalry, yet in some sectors, it becomes a stable norm. Using a Veblenian Original Institutional Economics (OIE) lens, this paper develops a four-stage heuristic linking evolving uncertainty (radical, relational, coordination, durability) to distinct coordination logics. A mixed-methods study of the U.S. artisanal cheese industry (1975–2018) shows that collaboration became institutionalised through habituated practice, identity alignment, and moral commitment, later layered with formal supports. The framework clarifies how OIE best explains norm emergence and reproduction, while New Institutional Economics (NIE) helps account for codifying and scaling already-institutionalised norms. Quantitatively, peer networks shifted toward higher clustering and greater geographic localisation; qualitatively, mentorship and open exchange sedimented into professional expectations. Collaboration endures because it is morally meaningful, identity-affirming, and institutionally reproduced. Efficiency benefits may follow, but they do not explain its origin or persistence.

The UK fiscal framework, especially the fiscal rules in place, has faced widespread criticism. Since the current system was introduced, the UK’s fiscal arithmetic has worsened. The article examines practices in other countries and, going beyond rules, looks at other dimensions of their fiscal frameworks, then suggests a ‘menu’ of possible changes to improve the UK approach. Scrutiny and a variety of governance features also deserve attention. While not all practices elsewhere can be directly adopted in the UK institutional setting and some would encounter political sensitivities, many can.

We compare Alfred Marshall, Vilfredo Pareto, and Knut Wicksell on the relation of family size to poverty, considering their (1) views on Thomas Robert Malthus, (2) contributions to statistical studies of population and standards of living, and (3) theories of poverty. While they shared the conclusion that to reduce poverty required decreasing the family sizes of the poor and working classes, they diverged on how this should be accomplished. Marshall rejected the use of contraceptives and argued that family limitation should arise from delayed marriage and restraint within marriage. Pareto thought such recommendations unscientific and unrealistic. Statistically, it was clear that people practiced preventative checks to varying degrees across countries and across classes; privately, Pareto supported the use of birth control as a responsible choice. Wicksell took the most radical position, publicly advocating for legal contraceptives and sex education for everyone regardless of class or marital status. We show how their working out of the problem of poverty subsumed additional questions of positive and normative science and the role and status of moral judgment in policy. Their discussion of the public interest in private reproductive choices reflects many of the same tensions that characterize contemporary discussions, indicating the continuing relevancy of the topic.

Extreme precipitation events have become more frequent and severe in recent years, leading to devastating natural disasters around the world. This paper investigates the impacts of extreme rainfall on corporate leverage dynamics. We find that the increase of extreme precipitation brings about a significant drop in firm’s leverage. The channel tests show that extreme rainfall would generate the recession of firm’s balance sheet and thus tighten the financing constraints, inducing firm to cut down leverage. On the other hand, intense rainfall would depress the land price and heighten local government’s debt risk, which crowds out the credit resources allocated to private sector, contributing to the deleveraging of firms. Simulations from the new Keynesian DSGE model with extreme rainfall shock and local government land finance system, lend further support to our empirical findings. Furthermore, our model shows that the welfare cost of extreme rainfall risk can amount to 2.2% of the agent’s lifetime utility. Lower welfare cost can be achieved by accommodating monetary policy and active fiscal policy.

In this paper, we investigate a competitive market involving two agents who consider both their own wealth and the wealth gap with their opponent. Both agents can invest in a financial market consisting of a risk-free asset and a risky asset, under conditions where model parameters are partially or completely unknown. This setup gives rise to a nonzero-sum differential game within the framework of reinforcement learning (RL). Each agent aims to maximize his own Choquet-regularized, time-inconsistent mean-variance objective. Adopting the dynamic programming approach, we derive a time-consistent Nash equilibrium strategy in a general incomplete market setting. Under the additional assumption of a Gaussian mean return model, we obtain an explicit analytical solution, which facilitates the development of a practical RL algorithm. Notably, the proposed algorithm achieves uniform convergence, even though the conventional policy improvement theorem does not apply to the equilibrium policy. Numerical experiments demonstrate the robustness and effectiveness of the algorithm, underscoring its potential for practical implementation.

El comercio transpacífico entre América Latina y Asia Oriental durante el período previo a la Segunda Guerra Mundial ha sido escasamente estudiado. En este artículo, analizamos la construcción desde Argentina del vínculo mercantil con Japón entre 1934 y 1940. Al hacerlo, ponderamos las oportunidades y las limitaciones que surgieron en un contexto de des-globalización económica, y arrojamos luz sobre las posibilidades de diversificación geográfica del comercio exterior argentino. Abordando diversas fuentes de los sectores público y privado, el estudio revela que las iniciativas gubernamentales por profundizar los lazos con el socio oriental, apoyadas por los agroexportadores, enfrentó críticas de los empresarios textiles, quienes acusaron a Japón de ejercer dumping financiero y social.

This essay coins and develops the concept of Longevity Capitalism, a biopolitical and financial regime in which both the condition of living longer and the pursuit of longevity are transformed into frontiers of accumulation. As financialisation extends into the domain of ageing, longevity – once a social and fiscal challenge – has been reframed as an investment opportunity. The essay traces a shift from collective welfare management to individualized risk-bearing, showing how uncertainty about life expectancy is converted into a new asset class. Drawing on examples such as financial instruments that profit from longevity risk, the rise of ‘age-tech’, and Silicon Valley’s ventures in life extension, it shows how biological time is increasingly treated as an economic resource. It also examines the speculative pursuit of ‘longevity escape velocity’, where technological innovation is imagined to outpace ageing and death itself becomes a technical problem. Together, these developments reveal a system in which longer life functions as a perpetually deferred investment cycle – an economy sustained by its own postponement. The essay argues that economic and biological time, wealth and health, are now fused within a single regime of managed futurity, reflecting new forms of power over who – and how – gets to live longer.

In 2019 and 2022, Indigenous leaders mobilized rural comunas in general strikes that forced the national government of Ecuador to negotiate the terms of newly introduced fiscal and policy measures. These mobilizations came despite long-term demographic decline in these same rural comunas. Further, the ministries charged with granting this authority to comunas today exercise little oversight. Why, then, has the comuna persisted as the preferred form of local organization amid widespread shifts to postagrarian ways of life? We have approached this problem through field research in over a dozen rural comunas, a review of comuna registrations, interviews with comuna leadership, and intergenerational dialogues among comuna members. In practical terms, we find comuna leadership consolidating an agenda focused on infrastructure development in the place of activism for land or the pursuit of agricultural investments. At the same time, it is through rituals of registration and management that local authorities not only find legitimacy but also secure a measure of “cultural autonomy” insofar as comuna members associate the disciplined fulfillment of procedures with the historical expansion of social rights. As the younger generation pursues nonagrarian careers, older comuna members underscore the mutuality of comuna life and lay out a moral purpose and a pathway that in effect centers state procedure as essential for indigenous autonomy.