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It’s Time for a New Partnership Between Labor and Management

Harvard Business Review

Lloyd Blankfein recently told a TV audience that income inequality is “very destabilizing” and that “too much of the GDP over the last generation has gone to too few of the people.” Begin with an obvious but often overlooked truth: labor and management don’t have diametrically opposed goals. Compensation Talent management'

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How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business Review

The company also aspired to raise the overseas portion of its revenue in response to the projected shrinking of the Japanese GDP as a portion of global GDP ( from 12% in 2006 to 3% in 2050 ) and wanted to expand its global talent pool. In his mind, both cleaning rituals demonstrated commitment and responsibility to a particular place.

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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.

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Why WikiLeaks Matters More (And Less) than You Think

Harvard Business Review

Perhaps the most basic economic institution is GDP. So at the Cancun climate talks , one country has already committed to updating it for the 21st century — by including the costs of environmental damage to make the numbers a little more meaningful. But to the newcomers, let me explain what I mean. That country?

GDP 16
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What Has the Eurozone Learned from the Financial Crisis?

Harvard Business Review

The Federal Reserve had already engaged in quantitative easing (QE) by committing to buy about $1 trillion of securities, an amount than later grew through two additional rounds of QE. But GDP fell so much that the actual effect was to push up the ratio of debt to GDP. and took five months to go all the way down to 1%.

Crisis 8
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Financial Fears, Flows, and Globalization

Harvard Business Review

All this suggests a particular fragility of confidence in and commitment to foreign financial assets when the times get tough. For capital flows, the historical data suggest that policymakers should start paying attention when the absolute values of capital accounts add up to 3% of GDP and start getting worried when they exceed 4%.

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Does Your Company Have What It Takes to Go Global?

Harvard Business Review

Ask these same managers after a launch whether they met their performance objectives, and too many will answer “not quite” or “not at all.” As the exhibit shows, managers in winning firms were significantly more likely to agree or strongly agree with the statements characterizing each ‘tude.