Harvard Business Review

OCTOBER 25, 2018

We focus on economic profit rather than revenue size, market share, or productivity growth because these other metrics risk including firms that are simply large and may not create economic value. For cities, we analyze nearly 3,000 of the world’s largest cities by population that together account for 67% of global GDP.

Industry 12

Industry Company GDP Bottom-up 12

Harvard Business Review

MARCH 22, 2011

Analysts have already reduced forecasted GDP growth rates for Japan by 0.5% at the market's close on Monday (3/14), erasing more than $300 billion of equity value, and lost another 10.6% Bold recovery plans would seem to be in order, but how that response is financed holds great import for Japan's economic future. on Tuesday.

GDP 15

GDP Aggregate Demand Supply Chain Crisis 15

Harvard Business Review

MARCH 6, 2017

The chart below illustrates a strong relationship between patenting activity and GDP per capita at the state level. It predicts that an innovative state like Massachusetts, which from 1900 to 2000 had four times as many patents as a less innovative state, like Wyoming, would become 30% richer in terms of GDP per capita by 2000.

Innovation 11

Innovation GDP Education Technology 11

Harvard Business Review

DECEMBER 22, 2010

During the financial crisis, the world came to the apparently shocking realization that debt financing entails risks. trillion, roughly 10% of gross domestic product (GDP). Gross public debt is $14 trillion, or over 95% of GDP. Financial institutions, households, and governments all suffered because they had too much leverage.

GDP 15

GDP Net Present Value Crisis Cost 15

Harvard Business Review

JUNE 28, 2012

Foreign aid, which can account for to up to 97 percent of a nation's GDP, is neither a long-term nor a sustainable solution to help the citizens of these fragile countries. Chief among these are access to capital, access to markets, and access to networks and skills development. SME owners face a slew of obstacles in conflict zones.

GDP 14

GDP Entrepreneur Finance Training 14

Harvard Business Review

JANUARY 9, 2015

So one solution suggested by a growing number of economists in Europe is for central banks to “helicopter drop” money , and directly finance private sector spending. Quantitative easing (QE) by the Fed, Bank of England and the Bank of Japan, has involved asset purchases equivalent to more than 20% of GDP.

GDP 8

GDP Bond Banking Policies 8

Harvard Business Review

JUNE 26, 2012

debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, its deficit 8.5% Finance Minister Domingo Cavallo (himself a Harvard economics Ph.D.) Salinas instituted market reforms lauded by Washington, including the North American Free Trade Agreement. Why can the U.S. In 2011, U.S.

GDP 9

GDP Banking Price Crisis 9

Harvard Business Review

APRIL 17, 2013

I couldn''t help but think back to that as controversy erupted this week over Harvard economists Carmen Reinhart and Kenneth Rogoff''s oft-cited three-year-old finding that economic growth plummets when a country''s debt-to-GDP ratio exceeds 90%. growth in countries with debt/GDP of more than 90%, they came up with 2.2%

GDP 9

GDP Bond Sample Sharpe 9

Harvard Business Review

APRIL 9, 2012

current account deficit, which measures the gap between what the country takes in from export income, investment income, and cash transfers and what it pays out, peaked at nearly 6% of GDP in 2006 and was down to 3.1% of GDP in 2011. Treasuries, the dollar has been on a downward trend in international currency markets since 2002.

GDP 11

GDP Globalization Finance Short-term 11

Harvard Business Review

JANUARY 7, 2014

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. I tried to get Greenspan to talk me for my November HBR article on economics and finance since the crisis , but he said he’d promised his publisher to keep mum until the book was out, which was too late for my purposes.

Long-term 11

Long-term Banking Short-term Finance 11

Harvard Business Review

SEPTEMBER 16, 2016

Given his former position, you would imagine that Georgiou’s crime would involve falsifying national economic data in order to cover up tax shenanigans or to fool the markets into thinking that the Greek economy was healthier than it was. You would be wrong. Calculating this debt in “present” (i.e.,

GDP 8

GDP Maturity Crisis Report 8

Harvard Business Review

SEPTEMBER 1, 2011

As readers of this blog already know, markets are far less integrated internationally than popular views of globalization presume. Their conclusions are corroborated not just by empirical experience but by experimental research on asset markets by Nobel Laureate Vernon Smith , among others. in 2010.

Globalization 11

Globalization GDP Crisis Finance 11

Harvard Business Review

SEPTEMBER 10, 2012

their companies account for over $3 trillion of GDP (for the sake of comparison, that's 40% of China's entire GDP). The next few years will probably witness an even bigger transition from a business-to-business to a consumer-to-consumer economy: the more we teach people to create, market, and sell themselves, the more we shall prosper.

Leadership 16

Leadership GDP Entrepreneur Incubator 16

Harvard Business Review

APRIL 11, 2013

of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries. Just to keep pace with anticipated global GDP growth, the world needs to spend $57 trillion , or on average $3.2 The UN Economic Commission for Latin America and the Caribbean estimates that investment equivalent to 7.9%

Transportation 8

Transportation GDP Globalization Finance 8

Harvard Business Review

MAY 27, 2014

has the world’s most sophisticated system of financing radical ideas, and the results have been impressive, from Google to Facebook to Twitter. by 66%, manufacturing in Germany employed 22% of the workforce and contributed 21% of GDP in 2010. How Samsung Gets Innovations to Market. True, Americans do well at inventing.

Innovation 15

Innovation GDP Telecommunications Industry 15

Harvard Business Review

SEPTEMBER 4, 2013

Women-owned entities in the formal sector represent approximately 37% of enterprises globally — a market worthy of attention by businesses and policy makers alike. But, as participants in these programs regularly articulate, they are insufficient without access to capital and markets.

Globalization 13

Globalization Entrepreneur Banking Supply Chain 13

Harvard Business Review

MARCH 14, 2016

Today growth in global trade has flattened, and it looks unlikely to regain its previous peak relative to world GDP anytime soon. We find that over the last decade, global flows of goods, services, finance, people, and data have contributed at least 10% of world GDP, adding $7.8 The same is true for cross-border financial flows.

Globalization 8

Globalization Supply Chain GDP Operations 8

Harvard Business Review

AUGUST 2, 2013

to 8% GDP growth rate already is a significant slowdown from the nearly 10% annual pace at which China''s economy had been growing until last year. China, with a per capita GDP of $7,827 in 2011 (in 2005 dollars, according to the latest edition of the Penn World Tables ), is getting close to that first landmark. to 8% growth rate.".

GDP 9

GDP Banking Finance Maturity 9

Harvard Business Review

JULY 9, 2012

And market participants were initially thrilled. Yields are now beginning to climb for Irish, Spanish, and Italian debt as the markets realize three important details of what was agreed. The Irish government, with a GDP in 2011 of close to 160 billion euros, has committed at least 64 billion euros to its banks.

GDP 13

GDP Banking Bond Real Estate 13

Harvard Business Review

NOVEMBER 21, 2011

GDP shrunk this year by 5.5% Our horrendous public debt is compounding and the public debt to GDP ratio will soon hit almost 200%, a level that can force our country to default on a most of what it owes. The new government has met with the cautious approval of the EU, the IMF, the markets and the international press.

Crisis 14

Crisis GDP Consensus Politics 14

Harvard Business Review

MARCH 12, 2012

Investing in innovators simply can't happen in markets with weak property rights. The GDP of China — the world's largest — in most centuries never exceeded $100 billion. was recording its GDP in hundreds of millions of dollars — not billions. patent on July 31, 1790, there was a market for ideas and investing.

GDP 10

GDP Travel Innovation Globalization 10

Harvard Business Review

NOVEMBER 23, 2016

they account for 50% of employment and 45% of GDP. Firms applied for credit to finance recovery. Despite the need for credit to finance recovery, disasters can also constrain the capacity of lenders to supply it because so many households and businesses are affected at once. Challenge risk financing conventions.

Insurance 8

Insurance Risk Management Finance Supply Chain 8

Harvard Business Review

JULY 28, 2014

It happens every time there’s a big announcement about a national or regional innovation policy that will lead us into the future: We are presented with schemes to strengthen intellectual property rights, enlarge the pool of risk financing, and upgrade the universities while pushing them to collaborate more with industry.

Policies 8

Policies Innovation Finance Industry 8

Harvard Business Review

APRIL 16, 2014

CEOs are proactively engaging with emerging market government to spur economic development and create opportunities for their companies. In the fast growth markets of Asia, Africa and Latin America, national governments are responding to a more empowered citizenship, and looking for corporate partners to achieve their development goals.

Globalization 8

Globalization Development Supply Chain Long-term 8

Harvard Business Review

JANUARY 18, 2016

Characteristics: Most physical and institutional structures are already in place in these megacities, but with fast-growing populations and severe congestion, there is an opportunity to create value by improving efficiency and livability, and there is a market of customers with cash to pay for these benefits.

Real Estate 8

Real Estate Entrepreneur Finance Innovation 8

Harvard Business Review

MAY 5, 2016

But peruse some of the recent headlines about Iran , and you might wonder whether the market’s potential was overstated. However, despite a weakened economy, political tensions, market uncertainty, and the lingering effects of sanctions, Iran remains an important opportunity for multinationals in emerging markets.

Tourism 8

Tourism Banking Due Diligence Hotels 8

Harvard Business Review

SEPTEMBER 29, 2014

In the 1900s, French mathematician-economist Leon Walras envisioned prices in a market economy being set by an auctioneer (since known as the “Walrasian auctioneer”) conducting continuous auctions for all kinds of commodities. Economists and market design. Economists and finance. Economists and big data.

Strategy 12

Strategy Black-Scholes Airlines Price 12

Harvard Business Review

JULY 21, 2011

The share of the package borne by the public sector in Germany and other strong Euro countries will presumably have some impact on their public finances. A deal of this sort, however, would be attractive because it would allow for some management of the scale and timing of default.

GDP 9

GDP Crisis Short-term Long-term 9

Harvard Business Review

AUGUST 23, 2013

and the transfer of business risk from "too big to fail" institutions to taxpayers, leading to a "heads I win, tails you lose" relationship between the finance and the rest of the economy. The financial industry accounts for about 8% of GDP, but about 32% of corporate profits. Recent scrutiny of the U.S. Here also there are two issues.

How To 8

How To GDP Finance Policies 8

Harvard Business Review

JULY 9, 2015

For the last decade, Africa’s GDP has been growing quickly. ” Adesina competed for the AfDB presidency against several accomplished bankers and finance ministers. Adesina’s success in applying market mechanisms to create widespread opportunity lead Forbes to name him African of the Year in 2013.

Banking 8

Banking Globalization Credit Rating Short-term 8

Harvard Business Review

APRIL 25, 2011

Within the confines of good taste, we hope, the Brits are marketing the heck out of the wedding. GDP or around $50 billion. Those are actions that princes of finance should leave to the real princes. The joy factor — hope and unity — is a better business theme to emphasize than the fear factor.

CEO 16

CEO Apparel GDP Audience 16

Harvard Business Review

FEBRUARY 29, 2012

In short, Japan enjoyed asymmetric openness — access to foreign technology and export markets but protection from foreign competition. Simply because of its size, it commands attention in global negotiations on trade, finance, and the environment. China, by contrast, is simply open.

Comparison 13

Comparison GDP Technology Outsourcing 13

Harvard Business Review

FEBRUARY 17, 2016

GDP by 2020. Meanwhile, even middle-class Americans are being priced out of the housing market in states like California, where average low-tier property prices went up by 10% in 2015. Traditional banks — with their monolithic business models and hefty fees — have been unable to crack this lucrative market.

Cost 8

Cost Globalization Innovation Banking 8

Harvard Business Review

APRIL 18, 2012

Earlier this week, on April 16, the US nominee Jim Yong Kim was selected over Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo. Consider the differences in various shares of the top ten emerging markets in comparative perspective. But haven't we heard this before?

Globalization 11

Globalization Banking Restructuring Politics 11

Harvard Business Review

APRIL 7, 2016

This will shape agricultural markets in ways we have not seen before. And because banking sectors in developing countries give fewer loans to farmers (compared to the share of agriculture in GDP), investments by both farmers and large corporations are still limited.

Globalization 8

Globalization Supply Chain Policies Long-term 8

Harvard Business Review

JUNE 12, 2012

Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. The Spanish Prime Minister has become preoccupied with creating market confidence, as was the Irish Prime Minister in the run up to the EU/IMF bailout.

Real Estate 11

Real Estate Banking Construction Politics 11

Harvard Business Review

DECEMBER 17, 2013

By this logic, there’s no reason to applaud the growing number of graduates from top universities opting for jobs in startups and tech rather than finance. GDP, according to Harvard Business School professor Josh Lerner , venture-backed companies made up more than 11% of public firms as of 2011, with a total market value of $25.9

Venture Funding 8

Venture Funding Entrepreneur CRM Hedge 8