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China Wants the U.S. to Avoid the Fiscal Cliff, Too

Harvard Business Review

According to the most recent Congressional Budget Office projections , the current proposed fiscal measures, if implemented, would automatically slash the federal budget deficit by $503 billion between FY 2012 and FY 2013. Specifically, we estimate that between 2010 and 2020, the people of China will spend $41.5 trillion to $6.2

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Why Labor Protests in France Won’t Stop Macron’s Reforms

Harvard Business Review

The protests have already cost the CEO of Air France his job : He stepped down after workers rejected his proposal of a 7% wage increase over four years (unions want a 6% immediate increase). In 1995 a train strike paralyzed France and forced the government to back down from its proposed reform of the railway sector. GDP grew by 1.9%

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What Greece Has to Do Now: Fix Its Economy

Harvard Business Review

To be sure, the proposal set forth by the Greek finance minister is less detailed than that of his predecessor, and leaves some room for maneuvering, but this is a mixed blessing, as the EU, the IMF, and the ECB will need to sign off on specifics. So, clemency on loan terms might make procedural sense. Will there be progress in this regard?

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The Future of Retail Depends on Today's Policy Decisions

Harvard Business Review

trillion to the GDP, or about one-fifth of the nation's total gross domestic product. NRF is working to fix or repeal the provisions in the 2010 health care reform law that are hostile to the future of the retail industry. Retail contributes $2.5

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The Real (and Imagined) Problems with the U.S. Corporate Tax Code

Harvard Business Review

corporate tax code should be reformed, but not every proposed fix is a good one. After-tax profits are at historically high levels; they were more than 50% higher as a share of GDP in the years 2010-2015 than they were over the prior 20 years. collects less corporate tax revenue than peer countries, by about 1% of GDP.

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18 of the Top 20 Tech Companies Are in the Western U.S. and Eastern China. Can Anywhere Else Catch Up?

Harvard Business Review

From 2010 to 2017, the market cap of GAFAM companies increased by $2.6 A 2014 study by the European Centre for International Political Economy discovered that recently enacted or proposed barriers could reduce GDP modestly in India (0.1%) and more substantially in other markets, such as the EU (0.4%) and Vietnam (1.7%).

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What China’s 13th Five-Year Plan Means for Business

Harvard Business Review

Shift the emphasis from investment and exports to domestic consumption: Among the three components of the GDP equation, China used to follow a Soviet style investment-driven policy and take full use of its low labor cost to become the “world’s factory.”