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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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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. Each of these countries pays a price for the heavy usage of cash.

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We Can’t Undo Globalization, but We Can Improve It

Harvard Business Review

What’s more, hundreds of millions of American consumers benefit from access to wide variety and lower price of goods, ranging from home appliances to cars, increasing their purchasing power noticeably. According to our analysis , trade accounted for only 20% of net manufacturing job losses in the United States between 2000 and 2010.

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Brexit Could Deepen Europe’s Digital Recession

Harvard Business Review

These are real concerns for the UK economy overall as the tech sector accounts for around 10% of British GDP. According to estimates by McKinsey , if France (for example) were to shift into a higher gear and equal the UK’s digital state, its hypothetical economic gain could be about €100 billion. billion as compared to $4.4