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When You’re Tied Up In Supply Chains, You Need A Strategy

Strategy Driven

In short, it’s an enormous business, consuming some 6 percent of total world GDP, more than military spending and education combined. Businesses are beginning to realize that data holds the key to greater efficiency and profits. Getting our goods from one location to another is just really, really expensive.

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Beyond GDP, How the World's Economies Stack Up

Harvard Business Review

These days, many people agree that, just as the full measure of a man can't be taken by his banker, the full measure of a nation isn't reflected in its GDP. We write about all this in our forthcoming book, Standing on the Sun, but since our manuscript was copyedited in October, we went to press with 2010 numbers.

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Why Mass Migration Is Good for Long-Term Economic Growth

Harvard Business Review

By one estimate , the number of international migrants worldwide reached 244 million in 2015, up from 222 million in 2010, and 173 million in 2000. Higher diversity is therefore associated with lower productivity, which inhibits the capacity of the economy to operate efficiently. International migration is on the rise.

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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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How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business Review

Prior to 2010, Rakuten had been a multilingual global company. But in 2010, Rakuten mandated an English-only policy for its workforce of over 10,000 employees. The Japanese employees in the Tokyo headquarters communicated in Japanese, the Americans in the U.S. Translators were employed for cross-border communications. ” 5.

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Where Does Your Nation Rank on Wellbeing?

Harvard Business Review

If you are familiar with the Legatum Prosperity Index, you know it is an effort to look beyond GDP. Doing so, however, produces insights on vital questions the answers to which are not yet (and may never be) reflected in GDP. Entrepreneurship & Opportunity (entrepreneurial environment, innovative activity, and access to opportunity).

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China, America, and Copycat Economics

Harvard Business Review

In the second quarter of 2011, China's Gross Domestic Product (GDP) growth slowed to 9.5%. pace in the first quarter of 2010. From the vantage point of many in the United States, where optimistic estimates of GDP growth continue to be cut and now hover around 2%, it seems that the Chinese "problem" is a nice one to have.

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