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Helping The Less Well Off Means Recessions Are Shallower

The Horizons Tracker

The author reminds us that in the past 11 recessions, while GDP fell by around 2% and unemployment rose by the same figure, this doesn’t tell the whole picture. The paper highlights how recessions seldom affect workers, or indeed companies, equally.

Crisis 127
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Innovating Your Way Out Of The Resource Curse

The Horizons Tracker

Indeed, it’s GDP per capita of $72,700 marks it out as one of the wealthiest nations on earth. . Indeed, while direct revenue from oil and gas fell to below 50% of GDP in 2017 (from 60.1% These are what the World Economic Forum refers to as the glue of innovation systems. per year without oil, compared to 3.3%

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What If Companies Managed People as Carefully as They Manage Money?

Harvard Business Review

According to Bain’s Macro Trends Group, the global supply of capital stands at nearly 10 times global GDP. Time, whether measured by hours in a day or days in a career, is finite. Finding, developing, and retaining this talent is hard — so much so that the business press refers to a “war” for talent.

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Creating a Culture of Unconditional Love

Harvard Business Review

It was the largest sovereign debt default in world history, and GDP fell by some 30% coupled with a 300% currency devaluation. Egon personally checked my references with McKinsey, my employer then. But we all know what happened in 2001. By the end of the year, Argentina’s economy had collapsed.