article thumbnail

Will Greece Survive the Crisis?

Harvard Business Review

GDP shrunk this year by 5.5% Our horrendous public debt is compounding and the public debt to GDP ratio will soon hit almost 200%, a level that can force our country to default on a most of what it owes. Consumption continues to drop. Construction has decreased by 40% and small shops are closing at a rapid rate.

Crisis 14
article thumbnail

Fixing the World's Infrastructure Problems

Harvard Business Review

of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries. Just to keep pace with anticipated global GDP growth, the world needs to spend $57 trillion , or on average $3.2 The UN Economic Commission for Latin America and the Caribbean estimates that investment equivalent to 7.9%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

American Companies Should Stop Being Helicopter Parents

Harvard Business Review

Although there are constraints on such things as minimum balances and applicable services, the money belongs to the individual, who decides how to spend it. The genius in Singapore’s health-care system is that each individual’s stake in health-care financing is clearly visible. He assured me, though, that no one goes without.

article thumbnail

Stop Focusing on Profitability and Go for Growth

Harvard Business Review

times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global GDP. So, in real terms, debt financing is essentially free. And capital continues to expand.

ROE 12
article thumbnail

60 Countries’ Digital Competitiveness, Indexed

Harvard Business Review

Cross-border flows of digitally transmitted data have grown manifold, accounting for more than one-third of the increase in global GDP in 2014, even as the free-flow of goods and services and cross-border capital have ebbed in the aftermath of the 2008 recession. Innovation and change.

article thumbnail

If the U.S. Gets into a Trade War with the EU, It Will Lose an Ally in Pressuring China

Harvard Business Review

SOEs receive preferential access to land, finance, telecom, hydrocarbons, and electricity. The SOEs produce 33% of China’s GDP and account for 20% of its jobs; the central government controls one-third of the SOEs. They enjoy lower taxes and selective anti-trust enforcement to shield them from private competitors.

GDP 8
article thumbnail

3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

real GDP growth rate for the region, but there is more business risk than many expect. Mexico and Brazil alone account for over 60% of Latin America’s GDP and most regional revenue for multinationals. growth in real GDP. But this healthy forecast should not encourage complacency about risk.