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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business Review

We focus on economic profit rather than revenue size, market share, or productivity growth because these other metrics risk including firms that are simply large and may not create economic value. For cities, we analyze nearly 3,000 of the world’s largest cities by population that together account for 67% of global GDP.

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Spain Is Now Making Ireland's Mistakes

Harvard Business Review

The Spanish Prime Minister has become preoccupied with creating market confidence, as was the Irish Prime Minister in the run up to the EU/IMF bailout. And yet in the run up to the collapse in 2007, the combined asset footprint of the three main Irish banks was around 400 percent of GDP. By March 2012 unemployment was 24.1

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How Cloud Computing Is Changing Management

Harvard Business Review

As cloud technology improves, however, it is becoming easier for companies to create products and services within the cloud, or model new products or marketing campaigns as cloud-based software prototypes. Pearson uses Kubernetes to develop, deploy and manage new kinds of online learning systems in developing markets like India and Mexico.

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The End of Economists' Imperialism

Harvard Business Review

"By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago. Meaning that you can never get truly scientific answers out of GDP or unemployment numbers. I tend to think it doesn't apply for macroeconomics in general.