article thumbnail

The Economic Impact of the Japanese Disasters

Harvard Business Review

Transportation disruptions and the closing of many factories throughout Japan will shrink Japanese aggregate demand and disrupt supply chains worldwide. Analysts have already reduced forecasted GDP growth rates for Japan by 0.5% Japan's economic policy makers are being put to the test once again. for the second quarter.

GDP 15
article thumbnail

The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

Harvard Business Review

It is the continuous obligation of economic policy to match increases in productive potential with increases in purchasing power and demand. Nonetheless, with the right policies we can get the best of both worlds: automation without rampant unemployment. anucha sirivisansuwan/Getty Images. Is This Time Different? In the U.S.,

article thumbnail

More and More CEOs Are Taking Their Social Responsibility Seriously

Harvard Business Review

The Ford story doesn’t add up , if you assume that Ford believed that his move alone was enough to raise overall demand for cars. The top 500 firms’ revenues equate to nearly 37% of world GDP. Nor is it a substitute to good public policy and healthy democratic governance. That scenario isn’t likely.

CEO 11