“Interpersonal Connectedness” One Factor in Metric to Replace GDP

Michael Lee Stallard

In “ The Rise and Fall of GDP ,&# that appeared in The New York Times Magazine, Jon Gertner describes this effort. Government Accountability Office (GAO) developing a “key national indicators&# system that will be available online.

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GDP Is Not a Measure of Human Well-Being

Harvard Business Review

We need better measures of development. Economic development Policy Economics Digital Article

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GDP Is a Wildly Flawed Measure for the Digital Age

Harvard Business Review

Gross Domestic Product (GDP), our core measure of prosperity, was developed during the industrial age. physical capital), rather than today’s growth drivers of developing and creating human, intellectual, and network capital. HBR STAFF.

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Markets: Understand the Present to Forecast the Future (Part 2)

Coaching Tip

Back in the 1990s, his interest started broadening and he started developing this field called socionomics. After noticing the real GDP per person just dropped to its lowest level in more than 75 years, a major newspaper recently asked a slate of economists, "What's wrong with the economy?" Stock Market What is Chartered Market Technician cultural trends Elliott wave EWI Knowing market analysis markets real GDP Robert Prechter

How Reducing Gender Inequality Could Boost U.S. GDP by $2.1 Trillion

Harvard Business Review

state and city could add at least 5% to GDP by 2025 by advancing the economic potential of women. states could add more than 10%, and the nation’s 50 largest cities could add between 6% and 13% of GDP. trillion GDP opportunity would require the creation of 6.4

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More Women in the Workforce Could Raise GDP by 5%

Harvard Business Review

Women are the primary caregivers for children, the elderly, and the sick, and this burden hampers their economic development. Booz estimates, for example, that if female employment rates were to match male rates in the United States, overall GDP would rise by 5%.

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The productivity imperative

First Friday Book Synopsis

To read the complete article, check out other resources, and obtain information about a free online subscription, please click here. * * * To sustain wealth creation, developed nations must find ways to boost [.]. Bob's blog entries Amazon Elizabeth Stephenson France Telecom’s Orange GDP growth Germany’s T-Systems Kindle OECD countries Peter Bisson Rik Kirkland S. Here is an excerpt from an article co-authored by Peter Bisson, Elizabeth Stephenson, and S.

Beyond GDP, How the World's Economies Stack Up

Harvard Business Review

These days, many people agree that, just as the full measure of a man can't be taken by his banker, the full measure of a nation isn't reflected in its GDP. We will continue to observe the new developments, and will strive to make the Prosperity Index as interesting and relevant as possible. But what should take the place of that alpha metric as a better indicator of economic health?

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China is running out of bridges

CEO Insider

For many years, China’s GDP growth has been supported by large public investments in infrastructure, but China’s government now quickly needs to find other solutions. This development also well describes the overall infrastructure development in the […].

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Forget GDP — We Need Numbers That Matter for the Questions We Have

Harvard Business Review

No single number has become more central to society in the past 50 years than GDP — Gross Domestic Product. government released its revised estimate for GDP for the last three months of 2013. GDP very purposefully excludes whole swaths of human existence, from domestic work to volunteer activities to cash transactions not recorded by the government. The limitations of GDP have long been recognized. Academics have also joined the post-GDP party.

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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. Before the announcement, the stock market capitalization to GDP ratio for Nigeria was 33%, compared to 270% for South Africa.

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Why Go it Alone in Community Development?

Harvard Business Review

Now think about how companies approach their community development and CSR programs. In some parts of the world government mismanagement of community development (deliberate or otherwise) has led to civil strife, sometimes resulting in armed conflict, creating a security scenario where business simply cannot continue to operate. Looking at history, business cannot afford to be not interested in community development.

Globalization in the World We Live in Now: World 3.0

Harvard Business Review

Increasing cross-border integration offers the potential for huge economic and other gains, but not through the development of stateless corporations that sell the same things to everyone, everywhere. Economy Global business Information & technology GDP

Languages Your Company Should Speak (But Has Never Heard)

Harvard Business Review

Back in 2003, Mark Davies carried out an important analysis of gross domestic product (GDP) by language use. of the world''s GDP. If you want to maintain your status as a market leader and secure it for the future, one of the savviest options is to develop the market itself.

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.”

China, America, and Copycat Economics

Harvard Business Review

In the second quarter of 2011, China's Gross Domestic Product (GDP) growth slowed to 9.5%. From the vantage point of many in the United States, where optimistic estimates of GDP growth continue to be cut and now hover around 2%, it seems that the Chinese "problem" is a nice one to have. However, if you don't know what success looks like, the emergent strategy development process is required to eventually succeed. China Disruptive innovation Economy GDP

The Economic and Social Impact of Language

Mills Scofield

Consequently, we aren’t being prepared for engagement in a country with a $2,100 per capita GDP. Angela Maiers Brown University Culture Economic Development Education Innovation Language Leadership Learning

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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. In the fast growth markets of Asia, Africa and Latin America, national governments are responding to a more empowered citizenship, and looking for corporate partners to achieve their development goals.

Amazing AI Facts That Could Change The World

Strategy Driven

But Google CEO Sundar Pichai thinks that AI will have a bigger impact on the development of human life. PWC believes global GDP will rise by 14% by 2030 due to AI. AI, or Artificial Intelligence is something we often associate with science fiction movies.

Boston named ‘Best City to Find a Job’

HR Digest

Using data from Organization for Economic Cooperation and Development countries, as well as “a few key trending nations which are booming with job opportunities,” the German relocation company ranked 100 cities by their job opportunity score. Economic: disposable income, GDP growth, new business registration, new startups, standard of living, total employment, youth employment. Your chances of getting employment may be directly affected by where you live.

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Should a Woman Act More Like a Man to Succeed at Work?

Great Leadership By Dan

To help answer why there are not more women in the top ranks of leadership, scientists at Development Dimensions International (DDI) , the global leadership development consultancy, released two research studies aimed at finding the answers.

The Deficit Dilemma

Women on Business

This is equal to over 9% of GDP, an alarmingly high statistic, and at that time, the highest deficit to GDP since World War II. trillion and 11% of GDP!!!), Lena Rizkallah of Mosaic Consulting is an attorney who focuses on legislative developments, tax and fiscal policy, and advanced strategies for investment and retirement planning and products. Guest post by Lena Rizkallah (learn more about Lena at the end of this post). Valentine’s Day was two weeks ago.

Decades Later The USA Health Care System is Still a Deadly Disease for Our Economy

Curious Cat

was developed at a U.S. of GDP – The Growing Market for International Travel for Medical Care – CEOs Want Health-Care Reform (2009) – Can We Expect the Health Care System in the USA to Become Less Damaging to the Economy? Decades ago W.

The Joy of Facts

Next Level Blog

leads the world in health expenditures as a percentage of GDP at 16.5%.

China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Despite these impressive achievements, there is still plenty of room for catch up, with China’s per capita GDP only a fifth of the U.S.

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China’s Growth: A Brief History

Harvard Business Review

Yet the determinants of its successful development are far from established or well understood. Estimates show that around 8% of China’s GDP growth is driven by the shift of resources from the public sector to the private. Economic development East & Southeast Asia Article

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Women and the economy: an opportunity for growth

Strategy Driven

As Christine Lagarde, Managing Director of the International Monetary Fund states: if women were employed at the same rate as men, GDP would increase by 5 percent in the United States, by 9 percent in Japan and by 27 percent in India. Gender inequality, as we can see, is a reality and not only in the developing countries. One of the most strategic challenges remains inexplicably a black hole. It is time to unveil some figures and share thoughts on this hidden treasure: women.

Quantifying the Gains from Increased Global Integration

Harvard Business Review

The traditional economic models developed for assessing trade agreements provide estimates of how much global output would expand if tariffs and some kinds of non-tariff barriers to trade are reduced or removed. of world GDP for the stalled Doha round of trade negotiations and roughly 0.5%

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Why Americans Are So Angry Despite America’s Strong Economy

Harvard Business Review

The economy is growing steadily, the unemployment rate is below 5%, and on GDP per capita America still is one of the richest countries in the world. By contrast, countries such as Costa Rica, Nepal, and Malawi have much lower levels of economic and social development than the U.S.,

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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business Review

For cities, we analyze nearly 3,000 of the world’s largest cities by population that together account for 67% of global GDP. Using our metric of GDP and personal income per capita, we identify 50 top superstar cities. counties, which account for 90% of GDP in that sector.

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Oil’s Fall Is a Challenge for Gulf Economies, but Also an Opportunity

Harvard Business Review

The price of this fast-track, oil-fueled development has been the region’s high dependence on oil export revenues (and in the case of Qatar, also of liquified natural gas, of which it is currently the largest producer in the world). of GDP in 2015 and 2016.

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How to Become Truly Social

Coaching Tip

The companies that develop the deepest connections will generate more value for their customers and employees (and shareholders). The answer is for organizations to develop the institutional frameworks to replace traditional structures and forms of governance and establish a more human operating system in which governance, culture and leadership systems are harmonized and synchronized. By Guest Author Dov Seidman.

The Industrial Era Ended, and So Will the Digital Era

Harvard Business Review

Today digital technology is all the rage because after decades of development it has become incredibly useful. Consider the effort to develop advanced battery chemistries to drive the clean energy economy, which requires the discovery of materials that don’t yet exist. Even now, information technologies make up only about 6% of GDP in advanced economies. Research & development Technology Digital ArticleTara Moore/Getty Images.

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Leading Job Growth in the Digital Economy

Harvard Business Review

In most countries, both developed and developing, private employment and median family income have stopped growing at the same pace as labor productivity and real GDP per capita—mostly due, they argue, to technological advances. Courtesy of Manuel Ferrol.

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How Competition Is Driving AI’s Rapid Adoption

Harvard Business Review

It finds that AI could (in aggregate and netting out competition effects and transition costs) deliver an additional $13 trillion to global GDP by 2030, averaging about 1.2% GDP growth a year across the period. The average effect on GDP depends on multiple factors.

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Why Mass Migration Is Good for Long-Term Economic Growth

Harvard Business Review

Our empirical findings suggest that cultural heterogeneity, measured by either fractionalization or polarization, has a discernible positive impact on the growth rate of GDP over long time periods. For, example, from 1960 to 2010, when the growth rate of fractionalization increased by 10 percentage points, the growth rate of per capita GDP increased by about 2.1 But we suspected that diversity might play a different role at different stages of development.

The Productivity Challenge of an Aging Global Workforce

Harvard Business Review

Without an acceleration in productivity growth, the rate of global GDP growth is set to decline by 40% from 3.6% In retail, for instance, productivity could increase by another one-third in developed economies and double in emerging economies between 2012 and 2025.

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When Economic Growth Doesn’t Make Countries Happier

Harvard Business Review

The first set was composed of 16 developed economies such as France, Finland, Spain and Japan. We found the expected pattern here: When income inequality in a country was low, on average an increase in GDP per capita was associated with an increase in life satisfaction.

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How Big Should Government Be?

Harvard Business Review

The books have developed something of a cult following among econowonks across the political spectrum. Lindert found essentially no correlation between levels of social spending (expressed as a percentage of GDP) and economic growth in wealthy nations in the post-World War II era.

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Big-Project Engineers Have to Deal with Too Much Red Tape

Harvard Business Review

An estimated $12 trillion a year , approximately 16% of global GDP , is spent on capital projects globally. Economic development Design Experimentation ArticleHBR STAFF.

Africa’s Unique Opportunity to Promote Inclusive Growth

Harvard Business Review

For the last decade, Africa’s GDP has been growing quickly. The African Development Bank (AfDB) is the most visible organization tasked with shepherding that inclusive innovative growth. Africa has begun to develop its own systems, and small startups play a significant role.

Would You Invest in This Kid?

Harvard Business Review

The GDP of China — the world's largest — in most centuries never exceeded $100 billion. was recording its GDP in hundreds of millions of dollars — not billions. There were inventors — people were developing fundamental ideas in physics and chemistry. A new America was born and, as this plot shows , the country GDP began to grow in multiples.

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Excess Management Is Costing the U.S. $3 Trillion Per Year

Harvard Business Review

economy amounts to more than $3 trillion in lost economic output, or about 17% of GDP. Gore (a $3 billion high-tech company famous for its Gore-Tex fabrics), Svenska Handelsbanken (a Stockholm-based bank with more than 800 branches across Northern Europe and the UK), Sun Hydraulics (a class-leading manufacturer of hydraulic components), Valve (a pioneering developer of online games), and General Electric’s jet engine plant in Durham, North Carolina.