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

Harvard Business Review

Companies in the top one-fifth of profitability earn, in aggregate, about 70 times more economic profit (accounting profit less cost of capital) than those in the middle three-fifths combined, according to McKinsey’s database of 3,000 large, publicly listed, nonfinancial U.S. Sound familiar? There are many.

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How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business Review

According to a recent McKinsey Global Institute report , the number of people in the global labor force will reach 3.5 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. Photo by Christine Roy.

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These 6 Sectors of Africa’s Economy Are Poised for Growth

Harvard Business Review

Lower resource prices and higher levels of sociopolitical instability have taken their toll: Africa’s real GDP grew at an average of 3.3% a year between 2010 and 2015, considerably slower than the 5.4% from 2000 to 2010. from 2010 to 2015, compared with 4.1% between 2000 and 2010.

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Morning Advantage: Putting an End to Corruption

Harvard Business Review

In 2010, the U.N. trillion in bribes wiped out more than 5% of global GDP. The First Org Chart (McKinsey Quarterly). estimates, some $1.5 And by 2015, this Foreign Affairs article predicts, the total value of goods lost to counterfeiting and piracy will balloon from 2008's $650 billion to $1.77

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The Fallacy of the "China Defense"

Harvard Business Review

And it's just the latest in a series of Chinese commitments, which include the following: July 2010: 5 trillion yuan , or $800 billion, alternative energy plan over 10 years (this is like the part of the U.S. This policy shift is a very big deal for all 7 billion of us sharing the climate. stimulus plan that funded clean tech, but times 10).

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The Hidden Costs of Cash

Harvard Business Review

Such government safety net programs kept some 25 million people out of poverty in 2010. India, where about 60% of adults are unbanked according to McKinsey, is also a cash-heavy economy for transactions and high in its use of gold as a store of value.

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Can the U.S. Become a Base for Serving the Global Economy?

Harvard Business Review

GDP while undertaking 40.9% competitiveness, for example, and the 2010 study of U.S. multinationals by the McKinsey Global Institute. Multinationals tend to be large, capital-intensive, skill-intensive, research-intensive, and high-productivity — all features that contribute to high-wage jobs and rising living standards.