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50 Laboratories of Opportunity

Harvard Business Review

could learn from — is to test policy proposals before rolling them out nationally. When problems surface, the policy can be fine-tuned, modified, and re-tested before it is tried out on a wider scale. policy making. The bank has never received a taxpayer bailout. But not in U.S. Its officers never receive bonuses.

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What to Know About Doing Business in Iran

Harvard Business Review

The economy still hasn’t received a boost from sanctions relief, and many big banks that left the country have not returned. Compared to most oil-rich countries in the Middle East, Iran has a diversified economy, its tourism sector is on the verge of a major windfall, and threats to its political stability are in decline.

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Greeceā€™s Problem Is More Complicated than Austerity

Harvard Business Review

To be sure, excessive austerity is bad macroeconomic policy. This is where the July 2012 memorandum of understanding between Greece and the Troika (the International Monetary Fund, European Central Bank, and the European Commission) failed miserably; the previous government, much like Syriza, wanted to preserve the status quo.

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As Hopelessness Sets In, Grexit May Be Inevitable

Harvard Business Review

When the European Union has finally approved Greece’s €86 billion bailout package, and Greece has used some of the money to repay the European Central Bank, why does uncertainty still dog the country’s future? The government has also agreed to sell at least €50 billion of assets to recapitalize Greek’s banks.

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With Peace, Colombia Is Poised for Greater Prosperity

Harvard Business Review

Banks often are unwilling to take the risk of financing small and midsize companies. With a floating currency and an independent central bank that pursues “inflation targeting,” the Colombian government runs small fiscal deficits and maintains inflation under 2.5%. A handful of rail lines carry little more than coal.

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London Succeeds in Its Olympic Trials

Harvard Business Review

No sooner had Beijing's flame died than the global financial crisis took British debt levels above 60% of GDP, excluding public intervention in failing banks. Lloyds Banking Group was caught in the eye of the financial storm and tied up in public ownership. Selling the Games promised to be just as difficult. Partners were receptive.

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A Plan to Revitalize Greece

Harvard Business Review

It can improve its competitiveness by reducing costs in its traditional sectors, such as tourism, agriculture, and trade. A coherent innovation policy, designed to unlock Greeceā€™s hidden assets, will require five key steps: Strengthening efforts to cut red tape. In that regard, Greece finds itself at a crossroads.