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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%.

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Why the U.S. Is Still Richer Than Every Other Large Country

Harvard Business Review

In 2015 real GDP per capita was $56,000 in the United States. The real GDP per capita in that same year was only $47,000 in Germany, $41,000 in France and the United Kingdom, and just $36,000 in Italy, adjusting for purchasing power. Each year, the United States produces more per person than most other advanced economies.

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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).

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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% in 2015 and is on track to reach a targeted 2.5% At 20%, China’s share of global R&D expenditure in 2015 was well above Japan’s at 9% or Germany’s at 6% and second only to that of the U.S. in 2000 to 2.0% million by 2020.

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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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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.".

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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. percentage points of GDP growth per year). economy could be giving up another $3 trillion in foregone GDP and job growth by 2025. We calculate that U.S. As noted earlier, if all public U.S.