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Is The Single Market Preventing Digital Champions In Europe?

The Horizons Tracker

Consulting giant McKinsey recently argued that the talk about Asian economic hegemony has been largely underestimated. This lack of technological legacy has enabled such a rapid pace of innovation to unfold that the majority of financial transactions are now completed via mobile phones. Digital dominance.

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How Competition Is Driving AI’s Rapid Adoption

Harvard Business Review

New research from the McKinsey Global Institute simulates the potential global macroeconomic impact of five powerful technologies (computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning). GDP growth a year across the period. But how will AI impact the economy in broad terms?

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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business Review

In our recent research at the McKinsey Global Institute, we examined the superstar phenomenon across firms, as well as sectors and cities. For cities, we analyze nearly 3,000 of the world’s largest cities by population that together account for 67% of global GDP. counties, which account for 90% of GDP in that sector.

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The First Step to Fixing U.S. Manufacturing

Harvard Business Review

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. Even when large U.S. These costs are significantly higher for U.S. But the future trajectory of U.S.

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The Productivity Challenge of an Aging Global Workforce

Harvard Business Review

Without an acceleration in productivity growth, the rate of global GDP growth is set to decline by 40% from 3.6% New research we conducted at the McKinsey Global Institute found that while this is a very tall order, it could be do-able. We see a rich pipeline of innovation ahead in both developed and emerging economies.

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The Most Digital Companies Are Leaving All the Rest Behind

Harvard Business Review

The United States takes pride in being on the cutting edge of all things digital, and rightly so: American innovations and innovators have led the way. Yet according to recent research from the McKinsey Global Institute, the U.S. We calculate that if the U.S.

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Can the U.S. Become a Base for Serving the Global Economy?

Harvard Business Review

The evidence indicates that the United States is losing its ability to attract and expand the operations of multinationals and their significant contributions to productivity growth, innovation, and high-wage employment. GDP while undertaking 40.9% shares of the global operations of U.S.-based of all U.S. A Shift Abroad.