“Interpersonal Connectedness” One Factor in Metric to Replace GDP
Michael Lee Stallard
MAY 19, 2010
In “ The Rise and Fall of GDP , that appeared in The New York Times Magazine, Jon Gertner describes this effort. why is everyone smiling?
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Michael Lee Stallard
MAY 19, 2010
In “ The Rise and Fall of GDP , that appeared in The New York Times Magazine, Jon Gertner describes this effort. why is everyone smiling?
Coaching Tip
AUGUST 1, 2016
In fact, real GDP per person just dropped to its lowest level in more than 75 years ! responses ranged from "a statistical mirage" to a "hangover" from the 2008-2009 recession. Like Vanilla is used to make Chocolate. Despite new all-time highs in the stock market, US economic data is lagging.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Horizons Tracker
FEBRUARY 27, 2020
Indeed, those countries also appeared happier than citizens of countries with higher GDP per capita. This revealed that the change in subjective happiness between 2009 and 2010 showed that socio-psychological factors deserve greater weight in assessing the genesis of the Arab Spring.
Mills Scofield
AUGUST 27, 2013
In 2009, 97 American undergraduates studied Bengali , the 7th most spoken language in the world. Consequently, we aren’t being prepared for engagement in a country with a $2,100 per capita GDP. Nobody learns Bengali. Translation? Less than 100 American students were studying a language spoken by 193 million people in the world.
Harvard Business Review
OCTOBER 30, 2012
If you are familiar with the Legatum Prosperity Index, you know it is an effort to look beyond GDP. A movement that began with Bhutan's Index of Gross National Happiness has grown to include Nicolas Sarkozy's 2009 commission , and David Cameron's new initiative to track wellbeing in the UK.
Harvard Business Review
SEPTEMBER 8, 2011
Small businesses constitute the majority of our GDP and have historically been the source of most new job creation. An economy that derives 70% of its GDP from consumer spending cannot sustain stable growth when average consumers don't have money to spend. From 2000 – 2009, overall GDP grew by 17.8%
Harvard Business Review
DECEMBER 22, 2010
trillion, roughly 10% of gross domestic product (GDP). Gross public debt is $14 trillion, or over 95% of GDP. In total, the estimated liabilities of the federal government are in the range of $70 trillion, over five times annual GDP. trillion in fiscal 2009. To illustrate, most press reports peg the current U.S.
Harvard Business Review
DECEMBER 12, 2012
We recently released the DHL Global Connectedness Index 2012 , which tracks the depth and breadth of trade, capital, information, and people flows across 140 countries that account for 99% of the world's GDP and 95% of its population. The United States, for example, has a serious problem with its trade deficit which needs to be solved.
Harvard Business Review
DECEMBER 20, 2012
They know how to contemplate 10-year, 20-year, and 30-year programs and achieve year-on-year GDP growth that averages no less than 8 percent. Life expectancy has grown from forty-seven years for a Chinese baby born in 1960 to seventy-three years for one born in 2009. China thinks in long-term timeframes.
Harvard Business Review
FEBRUARY 13, 2014
The researchers drew on survey data from 1996 to 2009 asking Swedish citizens whether the Swedish economy had improved from 12 months prior, as well as whether they believed it would improve in the 12 months ahead. One need only look to diverging GDP and wage data to grasp this point.)
Harvard Business Review
SEPTEMBER 16, 2016
Georgiou’s crime was that back in 2009, he strictly applied globally accepted international rules in reporting the Greek government’s budget deficit, which had the effect of increasing it by just under 3% to a whopping 15% of GDP. You would be wrong. Calculating this debt in “present” (i.e.,
Harvard Business Review
SEPTEMBER 28, 2018
Back in January 2009 European officials assumed that the crisis was purely a U.S. This assumption could not have been farther from the truth; a recession started in Europe in the first quarter of 2009, just a couple of months after it hit the U.S. But GDP fell so much that the actual effect was to push up the ratio of debt to GDP.
Harvard Business Review
APRIL 9, 2012
I did a quick search on Factiva to verify this impression: 495 mentions of the phrase "global imbalances" in the first three months of 2009; 175 mentions in the first three months of this year. of GDP in 2011. of GDP in 2011. traded blogging for a job in the Obama administration in 2009 and hasn't been heard from since.
Harvard Business Review
DECEMBER 28, 2012
US annual GDP is just over $15 trillion. trillion) over ten years is just over seven percent of one year's GDP. But the actual cut for 2013 is a tenth of that figure, less than one percent of GDP, each year, over ten years, which is far less dramatic. The media tends to downplay that these cuts would be spread over ten years.
Harvard Business Review
SEPTEMBER 1, 2011
For capital flows, the historical data suggest that policymakers should start paying attention when the absolute values of capital accounts add up to 3% of GDP and start getting worried when they exceed 4%. in 2009, before rising to 4.2% in 2009, before rising to 4.2% in 2008 to 3.9% in 2010 with further increases forecast.
Harvard Business Review
JUNE 26, 2012
debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, its deficit 8.5% To cover this deficit, Mexico had to borrow 7% of GDP a year. Then shocks — the 2008-2009 global crisis, the revelation that Greece had disguised its debt and deficit — sent foreign finance for the exits.
Harvard Business Review
APRIL 11, 2013
In Jakarta, from 2005-2009, the number of cars rose by 22% annually, while the distance of usable roads actually declined (PDF). of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries. an estimated $100 billion per year. There are three routes to getting there: 1.
Harvard Business Review
OCTOBER 4, 2011
Crude supply did not budge when oil prices tripled from 2004 to 2008, but global demand remained firm, shrugging off a recessionary dip in 2009. We have ample historical evidence that when petroleum expenditures reach 5% of GDP, recession typically follows. GDP in 2002 to a painful 9.8% Annual energy expenditures rose from 6.2%
Harvard Business Review
MAY 31, 2011
The fact is, the ratio was less than 9% in 2009 and, while it may be pushed higher by merger waves, has never reached 20%.
Harvard Business Review
MARCH 7, 2012
In 2009, they accounted for 24.4% GDP while undertaking 40.9% And, through linkages including supply chains (in 2009 multinationals purchased about $7 trillion in intermediate inputs from companies in America), multinationals enhance the performance of companies throughout the U.S. private-sector jobs and produced 28.7%
Harvard Business Review
APRIL 11, 2012
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.
Harvard Business Review
APRIL 25, 2011
A 2010 study showed that the public cost of supporting the monarchy was more than $55 million in 2009. GDP or around $50 billion. Royal wedding excitement has been accompanied by calls to abolish the monarchy as a drain on a cash-strapped nation. The royal wedding can also be watched as a cautionary tale.
Harvard Business Review
SEPTEMBER 12, 2014
Rachman in 2009 : “Big is beautiful again.”) million people with a GDP per capita ranking between Finland’s and Belgium’s (that’s counting offshore oil revenue), could be an economic success. As Gideon Rachman put it in the FT in 2007 : This is the age of the small state. Things have gotten a little more complicated since then.
Harvard Business Review
FEBRUARY 17, 2012
In South Asia and sub-Saharan Africa, another long-term study found that "more equal education between men and women could have led to nearly 1 percent higher annual per capita GDP growth" in each country. A study found that 18% of school age girls in Rwanda, for instance, miss school because menstrual pads are too expensive.
Harvard Business Review
AUGUST 24, 2015
Contractionary policies may create a self-reinforcing spiral of decline that increases the debt-to-GDP ratio. Paul Krugman, the least equivocal voice in the crisis, famously pointed out in 2009 what he saw as the root cause of the demise of economics. An irony surfaces here. ” This is a lesson worth remembering.
Harvard Business Review
MARCH 16, 2012
Second, R&D expenditures are growing faster than GDP, especially in manufacturing. multinationals has trended upward, but only slightly over the most recent 10-year period (data is available only through 2009). In the first place, about 70% of all R&D done by private U.S. The R&D performed by foreign affiliates of U.S. About 15.7%
Harvard Business Review
JUNE 12, 2012
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. percent in the first quarter of 2009 alone. Before the crisis, both countries had respectable debt profiles. For a sense of scale, the national ouput of Ireland in 2007 was 155 billion euros.
Harvard Business Review
JULY 9, 2018
trillion, or almost 18% of its GDP , on health care — that’s $10,000 per person, twice as much as any other country in the industrialized world. There is a healthcare crisis in the U.S. which cries out for breakthrough healthcare delivery innovations that aim at significant cost reductions and wider coverage. In 2016, the U.S.
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. Why Russia is still attractive. The old approach to Russia won’t work.
Harvard Business Review
MAY 31, 2016
In 2009, over two-thirds of all ecommerce payments in China were cash on delivery. Developing countries have the largest tax gaps, with their shadow economies as large as 30%-44% of GDP. For some countries, the transition has been very rapid and at a scale that is without precedent.
Harvard Business Review
MARCH 28, 2016
A study of 25,000 publicly traded companies from 1950 to 2009 found that, on average, they lasted around 15 years, or not even through one generation. In this brave new world, public companies are losing their dominance : their share of America’s GDP, workforce, and assets has fallen by 50% over the last quarter of the 20th century.
Harvard Business Review
OCTOBER 9, 2015
Those in Clinton’s camp include the venerable Aspen Institute, which produced a 2009 call to arms arguing that corporations’ short-term objectives corrode the “foundation of the American free enterprise system.” years in 2009. ” A Review of Relevant Studies. years in 2002 to 7.2 years in 2014.
Harvard Business Review
DECEMBER 1, 2015
has committed to reducing its greenhouse gas emissions by 26% (to 28% below its 2005 level) by 2025, the EU will cut emissions 40% by 2030 compared to 1990, and China will hit peak emissions by 2030 (or earlier), lower its emissions per unit of GDP by 65%, and increase use of renewables to 20% of energy consumption. For example, the U.S.
Harvard Business Review
SEPTEMBER 13, 2017
The industry makes up approximately 6% of Brazil’s GDP. Brazil is the world’s biggest beef exporter, with 19.6% of the world market, and the second-largest beef producer and consumer. But the impact of the industry on Brazil’s natural resources — and global GHG emissions — has been intense.
Harvard Business Review
OCTOBER 30, 2013
Over recent years, governments too have increasingly begun to realize that focusing on GDP growth alone does not necessarily lead to improvements in living standards of their citizens. Put simply, what’s good for increasing GDP may not be good for the long-term betterment of society. Bangladesh overtakes India.
Harvard Business Review
FEBRUARY 7, 2017
GDP over the past decade might well have grown by an additional $1 trillion if the whole economy had performed at the level our long-term stalwarts delivered — and generated more than five million additional jobs over this period. percentage points of GDP growth per year). We calculate that U.S.
Harvard Business Review
MARCH 10, 2015
The bailout was small compared to the sums the Troika gave Greece (€240 billion in two rounds), Spain (€100 billion), and Ireland (€85 billion), and the latter was a significant percentage of Cyprus’ GDP of €17.7 billion in 2012. in 2012; 5.4% in 2013; and by an estimated 2.8% of its youth without jobs.
Harvard Business Review
SEPTEMBER 20, 2011
In 2009, Michael Mandel, former Chief Economist for Businessweek and founder of a key economics blog , presented new research in a cover story called " The Failed Promise of Innovation in the U.S. " 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.
Harvard Business Review
APRIL 9, 2013
And while mankind has treated gold as a store of value for millennia, bitcoins were first unleashed upon the world in January 2009, by a mysterious and pseudonymous cryptographer (or cryptographers). Since then the focus has moved on to inflation or, recently, nominal-GDP targeting. Bitcoins are made of otherwise valueless digits.
Harvard Business Review
APRIL 18, 2012
GDP, outcomes are worse than in other developed countries, and an attempt to fix the system through the Affordable Care Act (ACA) now sits in the hands of the U.S. It happened in the throes of the recent Great Recession when Congress passed the American Recovery and Reinvestment Act of 2009 (better known as the bailout). Supreme Court.
Curious Cat
MARCH 30, 2016
of GDP – The Growing Market for International Travel for Medical Care – CEOs Want Health-Care Reform (2009) – Can We Expect the Health Care System in the USA to Become Less Damaging to the Economy? We have to do better. Related: USA Health Care Spending 2013: $2.9 trillion $9,255 per person and 17.4%
Women on Business
MARCH 4, 2011
In order to meet the deficit reduction goal in the next decade, the President intends to allow the Bush tax cuts to expire after 2012 for families who make $250,000 or more, and to bring the estate exemption and estate tax to 2009 levels (back to a $3.5 trillion and 11% of GDP!!!), million estate exemption and 45% estate tax).
Harvard Business Review
DECEMBER 3, 2010
in 2008 and actually contracted in 2009. While countries like China and South Korea spend more than 2% of GDP, Colombia's S&T expenditure fell from 0.46% of GDP in 2005 to 0.39% in 2009. It's one of the fastest-growing countries in Latin America and boasts a red-hot stock market too.
Harvard Business Review
NOVEMBER 14, 2011
million and the level of Japan's GDP could increase by as much as 15 percent.". In fact, a solution exists: Japan's underutilized and under-leveraged women. According to a 2010 study by Goldman Sachs , "If Japan could close its gender employment gap.Japan's workforce could expand by 8.2 31%) and Germany (35%).
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content