article thumbnail

“Interpersonal Connectedness” One Factor in Metric to Replace GDP

Michael Lee Stallard

In “ The Rise and Fall of GDP ,&# that appeared in The New York Times Magazine, Jon Gertner describes this effort. He argued in “ The Limits of Policy ,” that it would be wise for government leaders to “try to use policy to strengthen relationships.&# What’s measured is what gets done. why is everyone smiling?

GDP 170
article thumbnail

The Joy of Facts

Next Level Blog

leads the world in health expenditures as a percentage of GDP at 16.5%. The most frustrating thing, I think, is the health care debate is emblematic of what passes for public policy these days. It’s common to hear someone say about the U.S., “We We have the best health care system in the world.” Based on what facts?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Become Truly Social

Coaching Tip

A system of governance via rules and policies only tells employees what they can and cannot do; think of a restrictive social media policy that dictates what employees can and cannot type or tweet. Southwest’s culture and values — rather than any policies or procedures — gives rise to this type of employee connection-forging.

How To 110
article thumbnail

Why Mass Migration Is Good for Long-Term Economic Growth

Harvard Business Review

At the same time, diversity in societal norms, customs, and ethics can nurture technological innovation and the diffusion of new ideas, and thus the production of a greater variety of goods and services. Higher diversity is therefore associated with lower productivity, which inhibits the capacity of the economy to operate efficiently.

article thumbnail

Leading Job Growth in the Digital Economy

Harvard Business Review

In most countries, both developed and developing, private employment and median family income have stopped growing at the same pace as labor productivity and real GDP per capita—mostly due, they argue, to technological advances. So what are we to do? Learn from the countries that are bucking the trend.

GDP 8
article thumbnail

Does Your Company Have What It Takes to Go Global?

Harvard Business Review

They adapt the firm’s marketing policies and practices to the opportunity by: Educating HQ on prevailing target-market standards. Ask these same managers after a launch whether they met their performance objectives, and too many will answer “not quite” or “not at all.”

article thumbnail

The End of Economists' Imperialism

Harvard Business Review

The field attracts the most students, enjoys the attention of policy-makers and journalists, and gains notice, both positive and negative, from other scientists.". Meaning that you can never get truly scientific answers out of GDP or unemployment numbers. I tend to think it doesn't apply for macroeconomics in general.

Tversky 12