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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 EU Needs to Make Sure Continental Countries Don’t Exit

Harvard Business Review

The UK Treasury’s 200-page April 2016 report, blandly titled “The Long-Term Economic Impact of EU Membership and the Alternatives,“ seems a useful, well-executed benchmark. It predicts that the UK’s GDP will be significantly lower in 2030 — its central estimate is 6% — as a result.

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The Best-Performing Emerging Economies Emphasize Competition

Harvard Business Review

For our research , we looked at 71 emerging economies and identified 18 that achieved rapid and consistent GDP growth over the past 50 and 20 years. More than half that reached the top quintile in terms of economic profit generation between 2001 and 2005 had been knocked off their perch a decade later, in 2010-15.

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Even for Companies, the U.S. Is Split Between Haves and Have-Nots

Harvard Business Review

Economywide ROIC has trended downward since the 1980s, falling from above 6% in the mid-1960s to 5% in 1980, then to 3% in 1990, and to only a bit more than 1% by 2010. Overall corporate profits are at record highs of roughly 21% of GDP. GDP growth could hit nearly 5% in 2016. So the problem isn’t a lack of funds.

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3 Entrepreneurs Who Made It Their Mission to Lower Health Care Costs

Harvard Business Review

In 2016, the U.S. 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. spent a staggering $3.2 Innovation has the power to ratchet down U.S. costs quite dramatically over the next decade.

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When More Women Join the Workforce, Wages Rise — Including for Men

Harvard Business Review

women’s participation in the labor market has nearly doubled, from 34% of working age women (age 16 and older) in the labor force in 1950 to almost 57% in 2016. Looking at Census data from 1980 to 2010, I studied how women’s participation in the workforce influences wage growth in approximately 250 U.S. In the U.S.,

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How China’s Government Helps — and Hinders — Innovation

Harvard Business Review

Total investment in R&D (as a proportion of GDP) grew from 0.9% Drucker Forum 2016: The Entrepreneurial Society. From 2010-2015, the share of China-origin patents among all patents granted by the US Patent & Trademark Office (USPTO) was only 2.2%. in 2000 to 2.0% in 2015 and is on track to reach a targeted 2.5%