Harvard Business Review

APRIL 9, 2012

Some even argued that they'd caused the financial crisis. current account deficit, which measures the gap between what the country takes in from export income, investment income, and cash transfers and what it pays out, peaked at nearly 6% of GDP in 2006 and was down to 3.1% of GDP in 2011. Still, 3.1%

GDP 12

GDP Globalization Finance Short-term 12

Harvard Business Review

AUGUST 15, 2014

Fair’s model has its critics , but it seems reasonable to posit that a decade of rapid income growth (peaking at almost 26% a year in 2006) left Putin with a big reservoir of good will among the Russian people. GDP growth of only 1.3% in 2013 even led to talk of a “growth crisis” for the Russian economy. GDP growth of only 1.3%

GDP 9

GDP Crisis Price Energy 9

Harvard Business Review

APRIL 4, 2016

And while two years of shrinking GDP growth , sanctions , and a volatile ruble have led some companies like GM to leave the market, there has not been a large-scale exodus of MNCs from Russia. Today’s crisis is different. Why Russia is still attractive. This worked, because both crises were short-lived (lasting approximately 1-1.5

Depreciation 8

Depreciation B2B Price Crisis 8

Harvard Business Review

JANUARY 4, 2013

Bush's Council of Economic Advisers in 2006. The financial crisis and subsequent economic downturn — which Lazear somewhat infamously downplayed while in office — have put a big dent in the credibility of the macro side of the discipline. The issue isn't that economists have nothing interesting to say about the crisis.

Tversky 11

Tversky Crisis Levitt Consensus 11

Harvard Business Review

JUNE 12, 2012

Before the crisis, both countries had respectable debt profiles. And yet in the run up to the collapse in 2007, the combined asset footprint of the three main Irish banks was around 400 percent of GDP. In March 2006, Spanish unemployment was 8.1 How things change. By March 2012 unemployment was 24.1

Real Estate 11

Real Estate Banking Construction Politics 11

Harvard Business Review

SEPTEMBER 20, 2011

The tenth anniversary of 9/11 amidst the ongoing employment crisis has opened a wide conversation about what ails America and what should be done about it. With fewer breakthrough products to sell overseas, exports as a share of GDP have stagnated at 11%, while imports have soared, forcing the U.S. as global hegemon.

Innovation 12

Innovation Supply Chain Offshoring Policies 12

Harvard Business Review

JANUARY 7, 2014

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. I tried to get Greenspan to talk me for my November HBR article on economics and finance since the crisis , but he said he’d promised his publisher to keep mum until the book was out, which was too late for my purposes.

Long-term 10

Long-term Banking Short-term Finance 10