Remove 2015 Remove Development Remove Finance Remove GDP
article thumbnail

Nigeria’s GDP Just Doubled on Paper: What It Means in Practice

Harvard Business Review

Earlier this week, Nigeria ascended to the position of Africa’s largest economy following a recalculation of its GDP by the country’s National Bureau of Statistics. The long overdue exercise (the last one was in 1990) nearly doubled the country’s economy pushing GDP up to $510bn from $270bn. Post announcement, the ratio is 18%.

GDP 8
article thumbnail

Technology Is Changing Transportation, and Cities Should Adapt

Harvard Business Review

Such improvements could help cut the costs of traffic congestion ( about 1% of GDP globally ), road accidents ( 1.25 million deaths in 2015 ), and air pollution (health problems like respiratory ailments). These complex dynamics put municipal authorities in a bind.

Insiders

Sign Up for our Newsletter

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

article thumbnail

China's Impending Slowdown Just Means It's Joining the Big Leagues

Harvard Business Review

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
article thumbnail

What to Know About Doing Business in Iran

Harvard Business Review

Within weeks there was $50 billion in business deals involving foreign companies, including the Airbus agreement (worth $25 billion) to sell 118 planes, and Italy’s state rail company’s $5 billion pact to develop the local rail network. sanctions are delaying these projects being financed. However, remaining U.S.

article thumbnail

Finally, Proof That Managing for the Long Term Pays Off

Harvard Business Review

By our measures, companies that were managed for the long term added nearly 12,000 more jobs on average than their peers from 2001 to 2015. It started with developing a proprietary Corporate Horizon Index. percentage points of GDP growth per year). The returns to society and the overall economy were equally impressive.

article thumbnail

How China’s Government Helps — and Hinders — Innovation

Harvard Business Review

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. Total investment in R&D (as a proportion of GDP) grew from 0.9% in 2015 and is on track to reach a targeted 2.5% in 2000 to 2.0%

article thumbnail

60 Countries’ Digital Competitiveness, Indexed

Harvard Business Review

We introduced the Digital Evolution Index in HBR in 2015 to trace the emergence of a “digital planet,” how physical interactions — in communications, social and political exchange, commerce, media and entertainment — are being displaced by digitally mediated ones. Today’s Digital Landscape. Innovation and change.