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Promoting Entrepreneurship in Vulnerable Economies

Harvard Business Review

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. They advise entrepreneurs on areas including finance, marketing, customer service, and human resources. SME owners face a slew of obstacles in conflict zones.

GDP 14
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Small and Young Businesses Are Especially Vulnerable to Extreme Weather

Harvard Business Review

they account for 50% of employment and 45% of GDP. Firms applied for credit to finance recovery. These firms were more than twice as likely to report that their access to credit had decreased since before Sandy. Younger firms were especially likely to report that their interest rates increased after the storm. In the U.S.,

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The Data Says Climate Change Could Cost Investors Trillions

Harvard Business Review

Some past studies on climate economics, like the famous Stern Report a decade ago, assessed the macro-level risk to GDP as a whole. But this new report, by estimating the risk to all financial assets and portfolios, finds a powerful middle ground that should get investor attention.

Cost 8
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Tackling Big Global Challenges with Low-Cost Innovation

Harvard Business Review

GDP by 2020. This frugal solution is built around affordable and easy-to-use medical devices that can be operated by nurses in rural clinics. In its latest report , Harvard’s Joint Center for Housing Studies points to an “affordability crisis” in the U.S. housing sector.

Cost 8
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The Irish Banking Crisis: A Parable

Harvard Business Review

Heres what orthodox economics would have predicted for a country without banks: A collapse in the money supply, a credit crunch, a trade implosion, mass unemployment, an atomized GDP, and the gears of industry and commerce grinding to a crashing halt. Imagine all the veins in your body suddenly shrinking and collapsing — Avada Kedavra!!

Banking 15
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The Real (and Imagined) Problems with the U.S. Corporate Tax Code

Harvard Business Review

companies don’t pay taxes on debt-financed investments, which amounts to a subsidy. After-tax profits are at historically high levels; they were more than 50% higher as a share of GDP in the years 2010-2015 than they were over the prior 20 years. collects less corporate tax revenue than peer countries, by about 1% of GDP.

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Finally, Proof That Managing for the Long Term Pays Off

Harvard Business Review

New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global , found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters. percentage points of GDP growth per year). We calculate that U.S.