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The Real Reason Companies Are Spending Less on Tech

Harvard Business Review

As a percentage of GDP, it’s now back to mid-1990s levels: There’s a version of the chart above in the much - discussed paper that MIT economist David Autor presented last week at the Federal Reserve’s annual Jackson Hole meeting. Maybe it was Nick Carr’s famous May 2003 HBR article “ IT Doesn’t Matter ” that did it. ” Got that?

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The Real Reason the German Labor Market Is Booming

Harvard Business Review

That’s roughly, and remarkably, half of Germany’s GDP, amounting to about 9% of world exports that year. So how did Germany, with the fourth-largest GDP in the world (after the United States, China, and Japan), transform itself from sick man to economic superstar? With just 2.6 The country’s exports reached nearly $1.3

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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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The U.S. Startup Economy Is in Both Better and Worse Shape than We Thought

Harvard Business Review

The chart above shows where cities fall according to Guzman and Stern’s measure of average startup quality between 2001 and 2003 — more on that in a moment — and compares that to their GDP growth from 2003–2014. in GDP 11 years in the future,” the authors report.

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China’s Growth: A Brief History

Harvard Business Review

Some find evidence of a clear improvement of total factor productivity since market-oriented reforms began in 1979, estimating that the increase in TFP contributed about 40% to GDP growth, roughly the same as that contributed by fixed asset investment. per annum during 1978-2003, but slowed to 2.8% by the end of that period.

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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. Communication Customers Global business GDP' However, before we jump to the conclusion that Microsoft and Google''s efforts are solely altruistic, let''s consider some important facts.

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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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