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

Harvard Business Review

In case you skimmed too fast to get the point, here it is: that favored benchmark of national performance, GDP growth or GDP per capita, is a distortion of reality that guides us to decisions contrary to what people really want. despite hiring some noted academics to mortarboard-wash our conclusions with statistics and citations.

GDP 14
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Technology Is Changing Transportation, and Cities Should Adapt

Harvard Business Review

Such improvements could help cut the costs of traffic congestion ( about 1% of GDP globally ), road accidents ( 1.25 McKinsey and Bloomberg New Energy Finance have estimated that in 50 metropolitan areas worldwide, a rapid transition to advanced mobility systems could yield $600 billion in societal benefits through 2030.

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Invest in Tomorrow’s Workforce, and World

Harvard Business Review

Whichever way you look at it, the countries producing the majority of the next generation of workers are still the ones least able to help them develop. Collectively, the UN projects, the less developed regions of the world “will grow 58% over 50 years, as opposed to 2% for more developed regions.

GDP 8
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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 trillion a year, on infrastructure over the next 18 years. There are three routes to getting there: 1.

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China's Impending Slowdown Just Means It's Joining the Big Leagues

Harvard Business Review

That''s a popular theme at the moment, with any number of culprits cited — an overleveraged financial system , pollution , too little consumer spending , corruption , anti-corruption campaigns , and of course bad driving. China''s era of spectacular economic growth is coming to an end. to 8% growth rate.". to 8% growth rate.".

GDP 9
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Would You Invest in This Kid?

Harvard Business Review

But, in Malawi, most investors would be concerned about the fact that there's no legal system in place to protect William's ideas from his friends, who might begin to copy them. The GDP of China — the world's largest — in most centuries never exceeded $100 billion. By the time George Washington signed the first U.S.

GDP 11
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If Greece Embraces Uncertainty, Innovation Will Follow

Harvard Business Review

This helps to explain why Greece has one of the lowest license and patent revenues from abroad as a percentage of its GDP, as well as one of the lowest contributions from high-tech product exports to its trade balance. Sweden, Denmark, Netherlands, the UK, and Finland all have low uncertainty avoidance, high innovation, and low bureaucracy.