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China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Despite these impressive achievements, there is still plenty of room for catch up, with China’s per capita GDP only a fifth of the U.S. percentage points of GDP growth in 1979-1989, 0.5

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Languages Your Company Should Speak (But Has Never Heard)

Harvard Business Review

Back in 2003, Mark Davies carried out an important analysis of gross domestic product (GDP) by language use. of the world''s GDP. Of nearly 2 billion internet users estimated in 2010, 82% spoke one of 10 macro-languages — English, Chinese, Spanish, Japanese, Portuguese, German, Arabic, French, Russian, and Korean.

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Health Reform Lessons from Mexico

Harvard Business Review

A major effort launched in 2003 will provide health insurance to everyone before the end of this year. By December of 2010, 40 million people were enrolled in it, and the country is on track to achieving the goal of universal coverage this year. Mexico had an early start in the current generation of health reform initiatives.

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18 of the Top 20 Tech Companies Are in the Western U.S. and Eastern China. Can Anywhere Else Catch Up?

Harvard Business Review

For the 274 companies started in 2003 or later that have reached unicorn status , half are in the U.S., From 2010 to 2017, the market cap of GAFAM companies increased by $2.6 Countries with low e-friction scores have internet economies that, as a share of overall GDP, are twice as large as countries with high scores.

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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 didn’t happen.

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How Big Should Government Be?

Harvard Business Review

As one critic wrote of Robert Lucas's American Economic Association presidential address on economic growth in 2003, in which the Nobel laureate cited several studies showing dramatic welfare gains from hypothetical tax cuts in France and the U.S.: in 2010, government spending's share of GDP in the U.S.

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Why We Build Fiscal Cliffs

Harvard Business Review

One issue right now is that the biggest element of the fiscal cliff — the scheduled expiration of the Bush tax cuts of 2001 and 2003 — is less the product of conscious pre-commitment than of American legislative complexity. In 2010, Congress voted to extend the 2001 cuts for two years. So, is any of this good policy?