Remove Development Remove Education Remove Finance Remove GDP
article thumbnail

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%.

GDP 8
article thumbnail

Is GDP the Right Measure of Wealth and Well-Being?

Harvard Business Review

Yet the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. The Legatum people reason that in order for keep the focus on our real priorities, we need to measure the other components of prosperity as carefully as we do GDP, profits, and individual income.

GDP 14
Insiders

Sign Up for our Newsletter

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

article thumbnail

Invest in Tomorrow’s Workforce, and World

Harvard Business Review

We all know that education is an investment — but it’s not solely a personal one. The prosperity of nations and the health of economies is linked to the educational attainment levels and size of a skilled workforce. This was a major theme at the Global Education & Skills Forum last week in Dubai.

GDP 8
article thumbnail

When America Was Most Innovative, and Why

Harvard Business Review

The context for technological development was very different a century ago. The chart below illustrates a strong relationship between patenting activity and GDP per capita at the state level. history have tended to be highly educated, in contrast to the common portrait of the uneducated amateur. was so innovative.

article thumbnail

Before Your Next African Investment

Harvard Business Review

There's a growing middle class, expanded GDP, and general optimism in the region. Africa has become a place where financial institutions are financing real estate projects. The educational institutions remain underfunded, so it's difficult to to create knowledge and diversify the economies beyond minerals. If the U.S.

article thumbnail

The Global Rise of Female Entrepreneurs

Harvard Business Review

Consider three aspects: Reinvestment: In emerging markets, women reinvest a staggering 90 cents of every additional dollar of income in "human resources" — their families'' education, health, nutrition (compared, by the way, to 30-40% for men. Women who have benefited from education and mentoring are experiencing "capital punishment."

article thumbnail

The 4 Types of Cities and How to Prepare Them for the Future

Harvard Business Review

An effective starting point is to break cities into four segments across two distinctions: legacy vs. new cities, and developed vs. emerging economies. Segment 1: Developed Economy, Legacy City. Implications for entrepreneurs: Denizens of developed legacy cities have discretionary income. Segment 3: Emerging Economy, New City.