How Reducing Gender Inequality Could Boost U.S. GDP by $2.1 Trillion

Harvard Business Review

state and city could add at least 5% to GDP by 2025 by advancing the economic potential of women. states could add more than 10%, and the nation’s 50 largest cities could add between 6% and 13% of GDP. trillion GDP opportunity would require the creation of 6.4

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Does 2010's 4th. Quarter Results Signal Good Times?

Coaching Tip

Gross domestic product (GDP)—a broad measure of all goods and services produced—grew at a 3.2% Final sales—a measure that gives a feeling for underlying demand in the economy by subtracting the change in business inventories from GDP—notched its biggest increase since 1984, growing 7.1% percentage points to GDP. Obviously, more people fell they would be worse off than in the future than they did in the fourth quarter of 2010.

Trending Sources

“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. Meta Log in Entries RSS Comments RSS WordPress.org Copyright © 2010 Michael Lee Stallard

Beyond GDP, How the World's Economies Stack Up

Harvard Business Review

These days, many people agree that, just as the full measure of a man can't be taken by his banker, the full measure of a nation isn't reflected in its GDP. We write about all this in our forthcoming book, Standing on the Sun, but since our manuscript was copyedited in October, we went to press with 2010 numbers. The US remains 10th overall (same as 2010) and the UK also remains stable at 13th.

Languages Your Company Should Speak (But Has Never Heard)

Harvard Business Review

Back in 2003, Mark Davies carried out an important analysis of gross domestic product (GDP) by language use. of the world''s GDP. Communication Customers Global business GDP

Are You Fretting over the Economy?

Coaching Tip

But please allow us to suggest this: Belief that the GDP and other economic measures drive stock market trends is completely and utterly false. Suppose you were to possess perfect knowledge that next quarter's GDP will be the strongest rising quarter for a span of 15 years, guaranteed.

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Interview with Sramana Mitra on 1M/1M Program

Rajesh Setty

One Million by One Million is a global initiative that aims to nurture a million entrepreneurs reach a million dollars each in annual revenue and beyond by 2020, thereby creating a trillion dollars in global GDP and ten million jobs. Through the spring of 2010, we released four volumes of EJ books and continued to experiment with the roundtables, which became increasingly popular. Meanwhile, in January 2010 my New Year’s resolution was published.

Why Mass Migration Is Good for Long-Term Economic Growth

Harvard Business Review

By one estimate , the number of international migrants worldwide reached 244 million in 2015, up from 222 million in 2010, and 173 million in 2000. To find out, we mobilized a large-scale data set on international migration from 1960 to 2010, using information on the nationality of the immigrants to construct indexes of birthplace diversity. International migration is on the rise.

Debt and the Future of the U.S.

Harvard Business Review

trillion, roughly 10% of gross domestic product (GDP). Gross public debt is $14 trillion, or over 95% of GDP. In total, the estimated liabilities of the federal government are in the range of $70 trillion, over five times annual GDP. Cutting costs Economy Government GDPFrom where I sit as an economist, it's still all about the economy and the long-term impact of the problems laid bare by the Great Recession.

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Why Germany Dominates the U.S. in Innovation

Harvard Business Review

by 66%, manufacturing in Germany employed 22% of the workforce and contributed 21% of GDP in 2010. In 2010, just under 11% of the workforce was employed in manufacturing, and manufacturing contributed 13% of GDP.

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Four Major Changes in Global Prosperity

Harvard Business Review

Over recent years, governments too have increasingly begun to realize that focusing on GDP growth alone does not necessarily lead to improvements in living standards of their citizens. Put simply, what’s good for increasing GDP may not be good for the long-term betterment of society.

The EU Needs to Make Sure Continental Countries Don’t Exit

Harvard Business Review

It predicts that the UK’s GDP will be significantly lower in 2030 — its central estimate is 6% — as a result. It accounts for less than 4% of world GDP, and closer to 2% in purchasing power parity terms. And its exports account for just one-third of its (nominal) GDP.

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Where Does Your Nation Rank on Wellbeing?

Harvard Business Review

If you are familiar with the Legatum Prosperity Index, you know it is an effort to look beyond GDP. Doing so, however, produces insights on vital questions the answers to which are not yet (and may never be) reflected in GDP.

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As Emerging Markets Slow, Firms Search for “New” BRICs

Harvard Business Review

For example, on the Indonesian archipelago, supply chain and distribution logistics present serious challenges — with logistics costs at 24% of GDP, compared with the regional average range of 9-11%. Quantifying the impressive rise of the middle class, FSG calculates private consumption in Peru is set to grow 54% between 2010 and 2015. The three main grocery retail chains in Peru grew from 57 stores in 2001 to 155 stores in 2010.

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The Forecasting Sweet Spot Between Micro and Macro

Harvard Business Review

But some forecasts focus too much on macro data, like GDP, urbanization, and population growth. The share of the world’s Christians living in sub-Saharan Africa is expected to grow from 24% in 2010 to 38% by 2050 (according to Pew Research).

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China, America, and Copycat Economics

Harvard Business Review

In the second quarter of 2011, China's Gross Domestic Product (GDP) growth slowed to 9.5%. pace in the first quarter of 2010. From the vantage point of many in the United States, where optimistic estimates of GDP growth continue to be cut and now hover around 2%, it seems that the Chinese "problem" is a nice one to have. China Disruptive innovation Economy GDPThat was down from 9.7% in the previous quarter and from its blistering 11.9%

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Even for Companies, the U.S. Is Split Between Haves and Have-Nots

Harvard Business Review

Economywide ROIC has trended downward since the 1980s, falling from above 6% in the mid-1960s to 5% in 1980, then to 3% in 1990, and to only a bit more than 1% by 2010. Overall corporate profits are at record highs of roughly 21% of GDP. GDP growth could hit nearly 5% in 2016.

Charting China’s Rising Individualism in Names, Songs, and Attitudes

Harvard Business Review

From 1979 to 2015, Chinese GDP per capita increased from 2.7% GDP per capita to 23.6%. We sampled the 10 most popular songs every year under the Chinese National Radio Billboard from 1970 to 2010. China has experienced rapid changes over the past five decades.

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We Can’t Undo Globalization, but We Can Improve It

Harvard Business Review

According to our analysis , trade accounted for only 20% of net manufacturing job losses in the United States between 2000 and 2010. its ratio of exports to GDP, has been rising slowly for decades but remains significantly lower than in the European Union, China, and India. You can’t go forward by going backward. Take the current debate about trade and globalization, for instance.

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Wise Economic Decision Making

Coaching Tip

percentage points from GDP, based on the average of 2010's first three quarters. Wouldn't it be nice if our business, economic and political leaders had the honor and integrity to rise above their workday pressures and made decisions for the common good ? Exercising creative thinking and discretionary behavior could be the basis for wise decision making for their stakeholders. .

These 6 Sectors of Africa’s Economy Are Poised for Growth

Harvard Business Review

Lower resource prices and higher levels of sociopolitical instability have taken their toll: Africa’s real GDP grew at an average of 3.3% a year between 2010 and 2015, considerably slower than the 5.4% from 2000 to 2010. from 2010 to 2015, compared with 4.1% between 2000 and 2010. In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets.

Why WikiLeaks Matters More (And Less) than You Think

Harvard Business Review

Perhaps the most basic economic institution is GDP. When GDP's updated to reflect environmental costs, so must be corporate income statements — otherwise, the math simply won't work. From an economic perspective, its goal is much the same as India's updated GDP 2.0: That's why the traditional understanding of everything from GDP to " jobs " to " profit " to " IPO " is limited.

Europe’s Other Crisis: A Digital Recession

Harvard Business Review

While 44% of EU residents shopped online in 2014, a paltry 15% bought from another member state; barely up by six and a half percentage points since 2010, according to the European Commission’s (EC) “Digital Agenda Scoreboard 2015.”

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Stop Focusing on Profitability and Go for Growth

Harvard Business Review

Global capital balances more than doubled between 1990 and 2010 — from $220 trillion (about 6.5 times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global GDP. The global financial crisis prompted many companies to pull in their horns, hoard cash, trim costs, and take a wary view of large investments.

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The Economic Legacy of Ebenezer Scrooge

Harvard Business Review

What if we measured the quality of outcomes instead of just the quantity of output — which is all that GDP really is? Today, the BEA calls GDP " one of the great inventions of the 20th century." And maybe to escape the Great Stagnation — just as GDP was the key that finally unlocked the iron cage of the Great Depression by letting us understand what was really going wrong with the economy — it will have to be.

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How Colombia Can Turn Its Economy Around

Harvard Business Review

While countries like China and South Korea spend more than 2% of GDP, Colombia's S&T expenditure fell from 0.46% of GDP in 2005 to 0.39% in 2009. A few weeks ago, I flew to Bogota to participate in a discussion about Colombia's future with Francis "The End of History" Fukuyama and Robert "The Return of History" Kagan. Francis emphasized the need to build and to strengthen both formal and informal institutions in the country.

The Irish Banking Crisis: A Parable

Harvard Business Review

Umair Haque Blogs Umair Haque On: Global business , Competition , Economy The Irish Banking Crisis: A Parable 4:33 PM Monday November 29, 2010 | Comments () Email Tweet This Post to Facebook Share on LinkedIn Print Once upon a time, there was a country where bankers disappeared.

The Irish Banking Crisis: A Parable

Harvard Business Review

Here's 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. Once upon a time, there was a country where bankers disappeared.

Big-Project Engineers Have to Deal with Too Much Red Tape

Harvard Business Review

On August 5, 2010, a mine collapsed in Chile’s Atacama Desert, trapping 33 miners more than 2,000 feet underground. An estimated $12 trillion a year , approximately 16% of global GDP , is spent on capital projects globally. HBR STAFF.

What China’s 13th Five-Year Plan Means for Business

Harvard Business Review

Shift the emphasis from investment and exports to domestic consumption: Among the three components of the GDP equation, China used to follow a Soviet style investment-driven policy and take full use of its low labor cost to become the “world’s factory.”

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The Hidden Costs of Cash

Harvard Business Review

Such government safety net programs kept some 25 million people out of poverty in 2010. Not only is cash prevalent, its use as a percentage of GDP has been increasing by about 2% over the past two decades, possibly because of concerns about inflation. Cash – by which I mean paper currency and coins — has many benefits. It’s safe from hackers. It doesn’t require any special hardware or software.

China Can’t Be a Global Innovation Leader Unless It Does These Three Things

Harvard Business Review

of GDP in 2012 from 1.1% China is well on its way to doubling the number of patent applications filed with the State Intellectual Property Office, from 1 million in 2010 to 2 million by 2015.

How Big Should Government Be?

Harvard Business Review

Lindert found essentially no correlation between levels of social spending (expressed as a percentage of GDP) and economic growth in wealthy nations in the post-World War II era. in 2010, government spending's share of GDP in the U.S.

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How China’s Government Helps — and Hinders — Innovation

Harvard Business Review

Total investment in R&D (as a proportion of GDP) grew from 0.9% From 2010 to 2015, the number of patent applications filed with the State Intellectual Property Office tripled from 300,000 to over 900,000. By all accounts, the Chinese state is on all-out drive to move the country up the technological ladder. As the era of China as the world’s low-cost manufacturer comes to an end, innovation has become the most important element in the state’s development blueprint.

What Greece Has to Do Now: Fix Its Economy

Harvard Business Review

As for its official debt to the EU, the ECB, and the IMF, it consisted largely of payments that were made to pass through to EU financial institutions, between 2010 and 2012, so that the Eurozone banks and insurance companies would not be imperiled.

Behind China's Roaring Solar Industry

Harvard Business Review

We calculate that between 2010 and 2020, the people of China and India will have consumed goods and services worth a total of $64 trillion. In 1990, there were 227 million houses in China — by 2010, there were 371 million. More than 15 percent of the country's investment goes into real estate, and around 12 percent of GDP comes from property-related industries.

China Wants the U.S. to Avoid the Fiscal Cliff, Too

Harvard Business Review

They know how to contemplate 10-year, 20-year, and 30-year programs and achieve year-on-year GDP growth that averages no less than 8 percent. Specifically, we estimate that between 2010 and 2020, the people of China will spend $41.5 From 2010 to 2020, annual per-capita incomes in China will increase, on average, from about $4,400 to approximately $12,300. At present, some 32% of China's GDP can be attributed to domestic consumption.

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The Middle East Could Be a Cradle of Innovation

Harvard Business Review

The company is now one of the largest mobile cash-transaction companies in the world — roughly 20% of the country's GDP passes through it. We in the West tend to think of innovation as the next, new, shiny, tech, globally-accepted thing.

Warning Signs from the Chinese Stock Market

Harvard Business Review

Since November of 2010, FXI has fallen off a high of $48 to a current price in the mid-$30 range and has fallen as low as $28 over the last year. After all, real GDP growth in China continues to hit rates near 10% year after year — and decade after decade! But as the rates of GDP growth continue to stagnate in both Europe and the U.S.

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What So Many People Don’t Get About the U.S. Working Class

Harvard Business Review

Both parties have supported free-trade deals because of the net positive GDP gains, overlooking the blue-collar workers who lost work as jobs left for Mexico or Vietnam. In 2010, while on a book tour for Reshaping the Work-Family Debate , I gave a talk about all of this at the Harvard Kennedy School. My father-in-law grew up eating blood soup. He hated it, whether because of the taste or the humiliation, I never knew.

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