article thumbnail

The Economic Value Of Speaking Other Languages

The Horizons Tracker

If pupils in the UK could increase their learning of Arabic by about 10%, this would correspond to GDP growth of up to £12.6 ” “However, the UK has experienced a sharp decline overall in the uptake of languages since 2004. . billion over 30 years.

GDP 118
article thumbnail

The Economic and Social Impact of Language

Mills Scofield

Consequently, we aren’t being prepared for engagement in a country with a $2,100 per capita GDP. In 2004, the Modern Language Association noted a sense of crisis in higher language education driven by what was called “the nation’s language deficit.” Can we empower communities with a hand up instead of a handout?

Education 169
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

There Will Be Oil, But At What Price?

Harvard Business Review

After all, he has asserted since 2004 that global oil production was nothing to worry about, and that there would be few effects on the economy. Conventional crude ended its 150-year-long growth trajectory in 2004 and flattened out around 74 million barrels per day. GDP in 2002 to a painful 9.8%

Price 9
article thumbnail

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. Factor accumulation (capital and labour) thus accounts for about 60 to 70% of GDP growth.

GDP 8
article thumbnail

4 Strategies for Reaching the Chinese Consumer

Harvard Business Review

Economic growth of just under 5% a year would see consumer spending rise by 60% over the course of the next decade, even if consumption’s share of GDP doesn’t budge. Between 2004 and 2011, only 1.4% Property insurance is a good example. of property losses due to natural catastrophe were insured, according to Lloyds.

article thumbnail

Whose Capitalism is it Anyway?

Harvard Business Review

On the national level there's sense that if we're not producing more GDP, we're losing a competition of some kind," says Chris. Meanwhile, from 2004 to 2009, emerging economies accounted for almost all of the world's GDP growth." And that focus filters down to companies.

GDP 11
article thumbnail

Egypt, Libya, and the Folly of the BRICs

Harvard Business Review

In doing so, they often fail to ask the right questions beyond which acronym rolls of the tongue most easily.

Banking 15