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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.

GDP 8
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The Future of Cities Depends on Innovative Financing

Harvard Business Review

They are developing horizontally, not vertically, with vast areas of low sprawl reaching out for miles from Sao Paolo, Lagos, New Delhi, Guangzhou, Jakarta, and many others. As I travel to urban development conferences, I often hear people bemoan an infrastructure funding gap, but the hard truth is there is no funding gap.

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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business Review

The superstars tend to be more involved in global flows of trade and finance, more digitally mature, and they dominate the lists of the most valued companies, the most valued brands, the most desirable places to work, and the most innovative companies. counties, which account for 90% of GDP in that sector.

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How GE and IBM are Playing Global Development to Win

Harvard Business Review

Most big corporations follow global development trends. That is the reactive approach to economic development. CEOs are proactively engaging with emerging market government to spur economic development and create opportunities for their companies. They are playing development to win. That is playing development to win.

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When America Was Most Innovative, and Why

Harvard Business Review

The context for technological development was very different a century ago. For instance, in 1880 most inventive activity was the result of inventors operating outside the boundaries of firms. The chart below illustrates a strong relationship between patenting activity and GDP per capita at the state level. was so innovative.

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Promoting Entrepreneurship in Vulnerable Economies

Harvard Business Review

Especially in the world's most fragile states, economic development is critical to stability. Foreign aid, which can account for to up to 97 percent of a nation's GDP, is neither a long-term nor a sustainable solution to help the citizens of these fragile countries. SME owners face a slew of obstacles in conflict zones.

GDP 14
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China’s New Development Bank Is a Wake-Up Call for Washington

Harvard Business Review

But in past weeks, it seems that the movie in Asia has been on fast-forward around global development and financing. It’s stated mission is to “focus on the development of infrastructure and other productive sectors in Asia.” billion of subscribed capital) or the Asian Development Bank ($162.8