Economics

Book Review, Business, Causes of Conflict, Cognitive Bias, Commercial Mediation, Dialogue, Economics, Governments/Public Sector, Mediation and Society, Partnering, Public Policy

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“The road to hell is paved with good intentions” was a saying I heard quite a few times while growing up, as another childhood wheeze bit the dust. I returned to it while reading Michal Sandel’s recent book ‘The Tyranny of Merit’, in which he takes a very critical look at the notion of meritocracy….

Business, Communication, Cooperation, Creativity, Dialogue, Economics, Mediation and Society, Partnering, Policy, Trust, Uncategorized

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Might we get better results in many of the tasks we undertake if we gave more thought to the way we do things before focusing too early on what to do?  As mediators we know that spending sufficient time on the process of problem solving and negotiation pays dividends in terms of the content. There are…

Appointment of Mediators, COVID-19, cross-border mediation, Cross-cultural, Developing the Field, Dispute Resolution, Economics, Efficiency, Email, Future of mediation, Growth of the Field (Challenges, New Sectors, etc.), International commercial mediation, Japan, Legal Issues, mediated settlement agreement, Mediation Practice, Online Dispute Resolution (ODR), Online Mediation, Singapore, Singapore Convention on Mediation

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Hot off the heels of the Singapore Convention, The Singapore International Mediation Centre (SIMC) and the Japan International Mediation Center (JIMC) on 12 September 2020 signed a Memorandum of Understanding to operate a joint protocol that provides cross-border businesses, including companies along the Singapore-Japan corridor, with an economical, expedited and effective route for resolving commercial…

Business, Cooperation, COVID-19, Dialogue, Economics, Mediation and Society, Public Policy

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“in the wreckage left behind by the coronavirus pandemic, a new era is beginning. What does it hold?….What is clear is that the old economic paradigm is looking tired. One way or another, change is coming.” The Economist This quote relates to the way in which economies are managed at a macro level – where the…

COVID-19, Dialogue, Economics, Growth of the Field (Challenges, New Sectors, etc.), Mediation and Society, Public Policy, Uncategorized

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“Value will change in the post-covid world. On one level, that’s obvious: valuations in global financial markets have imploded, with many suffering their sharpest declines in decades. More fundamentally, the traditional drivers of value have been shaken, new ones will gain prominence, and there’s a possibility that the gulf between what markets value and what people…

COVID-19, crisis negotiatons, Dialogue, Economics, Environmental Mediation, Game Theory, Governments/Public Sector, International Mediation, Mediation and Society, Public Policy

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So ended a recent article in the FT by Martin Wolf on the economic response needed in the wake of the coronavirus pandemic. In it he argues that Governments acting in the collective interest must be the buyer of last resort as well as the lender of last resort to prevent the economy imploding as…

Developing the Field, Economics, Efficiency, Environmental Mediation, Future of mediation, Leadership, Mediation and Society, Mediation Practice, mediation process, Negotiation, Online Dispute Resolution (ODR), Online Mediation, Promoting Mediation, Scotland, The role of the mediator, Understanding mediation

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“The ground is so wet; it wasn’t like this in the past. We can’t get started on this year’s soil preparation.” In a recent mediation involving farmers, this was the response to my early inquiry about how things were going, generally. These days, I find that the topic of climate change and its effects arises,…

Below the line, Business, Causes of Conflict, Commercial Mediation, Conflict, Developing the Field, Economics, Mediation Practice, Practical Challenges for Mediators, Reflective Practice, Scotland, Uncategorized

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money

Twice today I’ve found myself responding to mediator reflections in these terms: the money’s not about the money. Both cases involved financial negotiation, even haggling, but that’s deceptive. The key to settlement lay not in the realm of calculation and rationality but in the more opaque social world of face, punishment, justice and emotion. In…

Business, Cognitive Bias, Creativity, Economics, Efficiency, Environmental Mediation, Game Theory, Mediation and Society, Public Policy

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If the natural resources of the planet and its capacity to cope with our waste are finite, is it reasonable for mediators to be encouraging people to search for positive sum solutions which can benefit all parties to a negotiation? If you can achieve a win-win in one case could it, on a global scale,…

Bias, Business, Cognitive Bias, Commercial Mediation, Conventional wisdom, Creativity, Decision making, Economics, Intuition, Neuroscience, Uncategorized

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‘A bird in the hand is worth two in the bush’ is thought to originate from mediaeval falconry! There are a number of variations on the theme – apparently in central Europe the saying is ‘a sparrow in the hand is worth a pigeon on the roof’! A number of cognitive biases are at play…