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Complimentary Resource – Economist: Smart SMBs Fine-Tuning the Engines of Growth

Strategy Driven

Economist: Smart SMBs Fine-Tuning the Engines of Growth. In the latest forecasts from The Economist Intelligence Unit, global GDP growth for 2013 has been revised down to 3.1% – only slightly up on GDP growth for 2012 (2.9%). Click here for more information on Economist: Smart SMBs Fine-Tuning the Engines of Growth.

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Fighting Inflation, Ruining Economies

Harvard Business Review

debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, its deficit 8.5% Finance Minister Domingo Cavallo (himself a Harvard economics Ph.D.) To cover this deficit, Mexico had to borrow 7% of GDP a year. They cannot engineer a currency crash to cut imports, raise exports, and begin to bail out.

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How Bad Leadership Spurs Entrepreneurship

Harvard Business Review

There are at least 500 start-ups with French founders in the San Francisco Bay area, and there are over 50,000 Germans in Silicon Valley, where salaries for software engineers are much higher than in Europe (or elsewhere). their companies account for over $3 trillion of GDP (for the sake of comparison, that's 40% of China's entire GDP).

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Why Germany Dominates the U.S. in Innovation

Harvard Business Review

Germany does a better job on innovation in areas as diverse as sustainable energy systems, molecular biotech, lasers, and experimental software engineering. has the world’s most sophisticated system of financing radical ideas, and the results have been impressive, from Google to Facebook to Twitter. In the U.S.,

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The Danger of Turning Cynical About Silicon Valley

Harvard Business Review

Startups are an engine of prosperity, albeit a highly imperfect one. By this logic, there’s no reason to applaud the growing number of graduates from top universities opting for jobs in startups and tech rather than finance. But the economic case against startups is prone to overreach and represents a dangerous kind of cynicism.

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What an Economist Brings to a Business Strategy

Harvard Business Review

Google generates most of its revenue through an auction-based system of selling ads that was developed by two engineers but validated by its chief economist, Hal Varian, a former consultant to the company who was also the first Dean of the School of Information Sciences at the University of California at Berkeley. Economists and finance.

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Stock Buybacks Aren’t Hurting Innovation

Harvard Business Review

In fact, private capital investment, an even larger ticket item than R&D, has also been increasing and is at historically high levels of GDP. If the government doesn’t invest, there will be nothing for these companies to engineer into products.” National competitiveness Finance & Accounting Research & development'