article thumbnail

The False Choice Between Automation and Jobs

Harvard Business Review

We live in a world where productivity, a key pillar of long-term economic growth, has crumbled. The tradeoff between productivity and employment is actually less than it might seem at first sight, since the GDP bounce that productivity brings will raise consumption and hence labor demand, as it has always done in the past.

GDP 8
article thumbnail

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%. Additionally, managing corrupt business practices often makes it difficult for MNCs to realize growth potential in the short term.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Early Lessons from India’s Demonetization Experiment

Harvard Business Review

Short of any singing, dancing, and costume changes, this sequence could have been taken from Bollywood, a movie industry widely known for its fantastical flights of fancy. Public policy for rooting out corruption calls for a systemic approach, with carrots and sticks to motivate cultural, institutional, and behavioral change in the long term.

article thumbnail

Invest in Tomorrow’s Workforce, and World

Harvard Business Review

Where a business has engaged in “upstream” education, it has usually limited its involvement to short-term placements or CSR programs in the developing world. higher GDP per capita than countries with average literacy scores. It is over $100 billion (that’s over 5% of Indian GDP) each year.

GDP 8
article thumbnail

Africa’s Unique Opportunity to Promote Inclusive Growth

Harvard Business Review

For the last decade, Africa’s GDP has been growing quickly. Adesina’s success in applying market mechanisms to create widespread opportunity lead Forbes to name him African of the Year in 2013. The World Bank, beset by internal struggles in the short term, is facing challenges to its influence over the long term.

article thumbnail

Behind China's Roaring Solar Industry

Harvard Business Review

Earlier this week, China's National Energy Administration announced its intention to add 10 gigawatts of solar power capacity in 2013 , more than twice its current level. More than 15 percent of the country's investment goes into real estate, and around 12 percent of GDP comes from property-related industries.

article thumbnail

Your Board Should Be Full of Activists

Harvard Business Review

Vanguard holds more than $3 trillion in assets, making it the equivalent of the world’s fifth largest country in GDP, ahead of France. ” Good means directors who exercise independent oversight and who are deeply engaged in the company’s long-term strategy. of DuPont’s shares — the extra clout they need.