When economists don’t talk to technology specialists, or vice-versa, the results can range from commercially disappointing to downright disastrous. Think of overengineered cars or planes that flopped in the marketplace, or of recent tragic failures in aircraft safety when bean counters prevailed over engineers.
Losing one‘s job is one of the more severe psychological blows one can experience, similar in magnitude to a divorce. But while a divorce might actually improve your marriage skills for the next time around, especially because the skills needed remain practically identical, in a job-loss situation the skills used previously can become degraded or obsolete, in particular if the jobless period drags on, resulting over time in a skill mismatch with what the labor market requires.
Since he decided to go into Economics, Giulio Vannelli always had globalisation in his mind, in particular its core element, global value chains. That’s what he devoted his PhD thesis to, at the University of Trento last year, examining “Economic development in a globalised world: the role of Global Value Chains”. The Italian Ministry of Education, University and Research, honoured him with a PhD scholarship to this end.