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Impact of robots and globalization on the labor market (Episode 20)

Which jobs and tasks are most susceptive to be substituted by robots or being outsourced to low wage countries? Debates around these questions are not new but still highly emotional. Especially since the times of industrial revolution, the fear of technological unemployment has always been present - from "spinning jenny", steam engine, railroads to computers, robots and algorithms. We try to provide theories and facts from the field of economics to shed light on this debate. What strategy...


From the basketball court to the class-/conference room (Episode 19)

In this Episode of WUEconomics Outside the Box Podcast I had the chance to talk with two former professional Basketball players Chris Mc Naughton and Christof Henneberger about highlights, challenges, obstacles, the transition to work-life and how pro-athlete mentality prepares and fits into business world. Among other stations, both played together for two years at s.Oliver Baskets Wuerzburg, the home club and town of Dirk Nowitzki and Maxi Kleber. Although both looked back at different...


China goes digital - Episode 18

Digital transformation is a huge topic in China and for the Chinese industry. China was mesmerized when Germany introduced the Industry 4.0 strategy in 2012. It did not take long until the Chinese then came up with the strategy “Made in China 2025”. As they acknowledged that they are still behind in many things concerning digital transformation, they set up specific strategies called internet plus – e.g. internet plus agriculture, internet plus service sector – combining hardware and...


Bottlenecks, bubbles and electromobility - #17 Episode

In this Episode of the Podcast, Doris Fischer, Professor for China Business and Economics at the University of Wuerzburg and I talk about two interesting topics concerning Chinese economic development. (1) The 2-digit growth-rates and the induced process of economic down-cooling. (2) The new growth model and how this fits the strategy of becoming an automotive society and global leaders in electromobility.


Why Western companies struggle in China?

For several years now, Western companies invest in China and earn good money with that. On the one side the margins of production had been high and on the other side China offered a huge market potential. Therefore, firms went east. Once being in China, where the system and regulations are different, they realized that not everything is easy. In this talk you will learn about current challenges for western firms in China – besides the ownership share restriction for OEMs and fierce...


#15 China going West – how dare they?

In the second part (2/5) of the interview with Prof. Doris Fischer, we focused on the transmission of China and the changing growth-model. The Chinese government has realized that the growth-models of the past are not sustainable because they came along with lots of negative side-effects like a demographic issue, enormous population flows into rural areas and dependencies on external factors. The focus was set on green-technology and the key word is innovation. Alongside the new...


#14 Episode – Do you know the rules of the game?

Prof. Doris Fischer discovered her passion for China business and economics in the 1980s, a time where this combination in an academic context was not established yet. It used to be a combination of two separate major courses of study but times have changed and today it is an accepted interdisciplinary research field . Although research on the topic has been established, there are still not many interdisciplinary courses of study like the one in Würzburg. In order to understand the economic...


About the future of cryptocurrency and why we don’t have to be afraid of technology?

Impact of digital transformation on the labor market: Why is digitization,Information of Technologies (IoT), Industrial Revolution 4 or however we call it so special? In the last 25 years, we witnessed rapid technological progress and digitalization – looking at the labor market, we have more employed people in Germany than at any other given moment. How does that fit? Therefore, the question is whether the simple story of digitization destroying jobs is not the whole story. The economic...


#12 Episode – The Eurozone: A story of crises, recovery, opportunities and Brexit

In public debate and among economists, there has been an emotional debate whether Germany has profited by the Euro(zone) or not. Prof. Bofinger is an advocate of the European idea and he calls the Eurozone – including all weaknesses – a story of success. He emphasizes that Germany also profited significantly by the creation of the Eurozone. The unemployment rate in Germany is at a record low. After years of crises, the Eurozone is growing again. And the Euro as a common currency prevents...


#11 Episode – 9 years of boom – when does the party end?

In this Episode of the Podcast we talk about the newly founded Commission on Global Economic Transformation (CGET) – the Commission has been set up by the Institute for New Economic Thinking (INET) and is led by the Nobel Prize laureates in economics Joseph Stiglitz and Michael Spence. In the talk Prof. Bofinger gives more insights and tell us about his personal role in the commission. Moreover, we focus on Germany’s economic strengths and the rapid transformation from Europeans sick man to...


#10 Episode – About the Council of German Economic Experts and the passion of being an economist

We talk about the general tasks of economists, the education program and why the expertise of economists is important for institutions, companies and political decision-makers. One could compare the work of and economist with that of a medical doctor. Whereas the medical doctor examines the health of human beings, economists examine the health of an economic system. Economist give expertise on how to handle shocks (e.g. technological shocks like digital transformation or crisis like the...


#9 Episode – How and what we have to learn in the future (2/2)

Guest: Prof. Dr. Rainer Thome, Professor for Intelligent Business Synergy at University of Würzburg and business man, expert and visionary in the field of digital transformation and progress. Digital transformation and progress will change the way we work and learn in the future. While the speed of economic development increases and cycles get shorter, companies have to make sure that their employees do not lose contact. Learning-cycles getting shorter. Moreover, people will have to bring -...


#8 Episode – Take on the challenge of digital transformation or “Kodak”!

In part 1 of the talk with Professor Thome we will take you to a fascinating journey containing over half a decade of projects on computer, software and services. Professor Thome experienced the entire journey, starting with a huge IBM machine in 1966, implementing one of the first standard software solutions to a medium-sized company in 1979, and now working on intelligent, interactive systems, cloud services and more. Professor Thome predicted a lot of developments and trends very early....


#7 Episode – Internet of Space and the paradigm shift in communication channels (2/2)

Getting along with the satellite research we witness a paradigm shift especially in the context of global telecommunication channels. Traditional big multifunctional satellites will become complemented by distributed networked small satellites which have capabilities to self-organize. These small satellites can thus cover a much larger area which leads to a better temporal and spatial resolution by a team of distributed satellites. Networks of satellites can provide communication everywhere....


#6 Episode – Disruptive satellite technologies & Internet of Space

Where is the connection between telematics, satellite technology, and Internet of Things? Telematics is a combination of telecommunication plus information plus informatics. This combination enables to provide services at remote locations. So, this can be a satellite you remotely control on a different planet. Or a traffic control system on the street to enable efficient flow of traffic. It can be a telemedicine system where a person carries sensors to characterize the health status and...


#5 Episode – Discovering virtual realities (2/2)

In this Episode Prof. Dr. Sebastian von Mammen gives a short excurse to the field of Human-Computer-Interaction (HCI). One aspect here is the avatar research, where you can see yourself being represented in the virtual world. What impact does that have on your experience in the virtual world – does it change your behavior for instance if you perceive yourself differently than in reality We also talk about local gaming networks and future research projects, about interactive systems and...


#4 Episode – Let`s talk about Games

In this Episode we talk about current research projects in the field of Games Engineering. Of course, there is a keen interest in classical computer gaming in the research activities and collaborations, but the technology that comes with games is interesting and relevant to myriads of other industries – in essence, it is about real-time interactive systems. Real-time interactive systems may, for instance, be simulations for training purposes, platforms for interactive product visualization...


#3 Episode – ERP for zero (2/2)

Guest: Prof. Dr. Axel Winkelmann, full professor at the University of Würzburg. He is head of the chair Business Management and Business Information. He is an expert in the field of Information Management, ERP-Systems, Data-Management and Business Process Standardization. In this episode we talk about a topic which is essential and more or less “ERP for zero”: The challenge of capacity and resource allocation within a company and on B2B level. You will hear about an exciting approach of...


#2 Episode - Tradition is not a business model (1/2)

Talking about Industrial Revolution 4 people think about robot arms, drones or digital glasses. But implementing these techniques is not the main challenge to most SME (small and medium-sized companies) today. What they really need is to focus on building a centralized data fundament which is crucial for further standardization and automation of processes and the implementation of new techniques and Cyber Physical Systems. Another huge issue for companies in times of digitalization is to...


#01 Episode - What`s the deal?

On the Podcasts I provide exciting, interdisciplinary insights from talks with experts from academia and industry about different topics. From the field of economics to physics, from blockchain to pico satellites and from German labour market to china business and economics. I want to share Knowledge about new trends and developments with open-minded and curious people – people who really want to think outside the box. Enjoy the content, get part of the community. BLOG: www.wueconomics.de