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Hiring Former Offenders

ExactHire - Leadership

A study released by the Center of Economic and Policy Research in 2016 found that the economy loses out on roughly 2 million workers and approximately $80 million in gross domestic product (GDP) by not hiring justice involved job seekers. As a country, we need economic stability, especially now in an unstable global market.

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Women and the economy: an opportunity for growth

Strategy Driven

As Christine Lagarde, Managing Director of the International Monetary Fund states: if women were employed at the same rate as men, GDP would increase by 5 percent in the United States, by 9 percent in Japan and by 27 percent in India. Gender inequality, as we can see, is a reality and not only in the developing countries.

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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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The Best-Performing Emerging Economies Emphasize Competition

Harvard Business Review

Development economists over the ages have puzzled about why some emerging economies perform much better than others over the long term. For our research , we looked at 71 emerging economies and identified 18 that achieved rapid and consistent GDP growth over the past 50 and 20 years. Max Mumby/Indigo/Getty Images.

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Sub-Saharan Africa’s Most and Least Resilient Economies

Harvard Business Review

While SSA was predicted to grow above 5% year-over-year in 2015 at the beginning of the year, actual GDP growth is more likely to come in at around 3–4% year-over-year. Growth in 2016 is unlikely to be much higher.

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Recessions Push People to Buy Cheap Things, Which Just Makes Everything Worse

Harvard Business Review

The next recession, which came in 2001, was short and mild (GDP barely fell), but it took four years for the job market to heal, prompting the Federal Reserve to administer the economy a long course of low interest rates. the availability of lower quality, inexpensive goods produced in developing countries has increased over time.

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Companies Shouldn’t Wait to Prepare for the Post-Brexit World

Harvard Business Review

The Canadian dollar, for example, depreciated 25% between 2013 and 2016, yet Canada’s trade balance remained virtually unchanged. Price changes (of currency and goods) can be observed nearly in real time, whereas fundamental macro variables such as GDP and its components become available with just a few months’ delay.