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What Greece Has to Do Now: Fix Its Economy

Harvard Business Review

Greece did have some good arguments going for it: It had achieved the biggest fiscal adjustment any developed country had mustered so far , stabilized its economy, and restructured its private debt. It also made economic sense, allowing Greece’s GDP to grow, and thus ultimately pay the creditors, as Paul Krugman has repeatedly argued.

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The New New International Economic Order

Harvard Business Review

More radically, they could agree to restructure global economic institutions or change the agenda of existing institutions. This time around (looking at 2010 data), the emerging markets account for over 23% of global GDP as opposed to 11% in 1975 (at current, not purchasing power parity, prices, which give them an even greater share).

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Stop Focusing on Profitability and Go for Growth

Harvard Business Review

Global capital balances more than doubled between 1990 and 2010 — from $220 trillion (about 6.5 times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global 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

Google’s restructuring as Alphabet is one sign of its entry into several new vertical markets, including driverless cars, smart homes, smart cities, and health. From 2010 to 2017, the market cap of GAFAM companies increased by $2.6 How to make your company more nimble and responsive. And the amounts involved are huge.

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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.”