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As Emerging Markets Slow, Firms Search for “New” BRICs

Harvard Business Review

For example, on the Indonesian archipelago, supply chain and distribution logistics present serious challenges — with logistics costs at 24% of GDP, compared with the regional average range of 9-11%. Quantifying the impressive rise of the middle class, FSG calculates private consumption in Peru is set to grow 54% between 2010 and 2015.

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The Best-Performing Emerging Economies Emphasize Competition

Harvard Business Review

For our research , we looked at 71 emerging economies and identified 18 that achieved rapid and consistent GDP growth over the past 50 and 20 years. More than half that reached the top quintile in terms of economic profit generation between 2001 and 2005 had been knocked off their perch a decade later, in 2010-15.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

It’s true of GDP. Greenspan asked me to check that, and the actual line from the article was pretty close: “Asked in 2010 about those who warned that housing prices would crash, he responded, ‘Right. The dot-com boom when it collapsed, you can’t find it in the GDP figures in 2001, 2002. It’s not there.

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Why We Build Fiscal Cliffs

Harvard Business Review

After that the Bush administration and a Republican-majority Congress decided in 2001 to effectively set paygo aside. In 2010, Congress voted to extend the 2001 cuts for two years. There's also a payroll tax holiday included in that 2010 deal, which was always supposed to be temporary. So, is any of this good policy?