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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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Tackling Big Global Challenges with Low-Cost Innovation

Harvard Business Review

This kind of innovation is almost a textbook example of frugal innovation. What’s more, many of the innovations originate in relatively poor, underdeveloped regions or are designed to serve low-income customers, which means that the innovators have no choice but to be frugal. GDP by 2020.

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China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Despite these impressive achievements, there is still plenty of room for catch up, with China’s per capita GDP only a fifth of the U.S. percentage points of GDP growth in 1979-1989, 0.5

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Digital Transformation Is Racing Ahead and No Industry Is Immune - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business Review

Fundamentally, though, digital transformation is the result of enterprises seeking to adapt to the storm of new technology affecting markets and customers. Industries dominated by information-rich assets (think publishing and music) were swept up in the early wave of internet innovation. No industry is immune.

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Leading Job Growth in the Digital Economy

Harvard Business Review

While the men of Finisterre could flee economic conditions in Spain, there is no escaping employment market upheaval in the digital age. In emerging markets, labor’s share of GDP is declining in 42 out of 59 countries, including China, Mexico and India. So what are we to do?

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Early Lessons from India’s Demonetization Experiment

Harvard Business Review

The original reason given for the drastic demonetization action was to expose the so-called “black” market, fueled by money that is illegally gained and undeclared for tax purposes. Innovation and Creativity Emerged Around Digital Payments. Here, the government’s innovative capacity shone through.

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The Case for Investing More in People

Harvard Business Review

In the decade between 2005 and 2015, labor productivity in the US as measured by GDP per labor hour was less than 1% for 7 of the 10 years, according to the OECD. Managed by Q, a cleaning and office services company in New York City, decided to pay employees higher wages than the prevailing market rate. And wages are stagnant.