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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.

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How Bad Leadership Spurs Entrepreneurship

Harvard Business Review

Because most managers are simply unbearable. But there is one upside to incompetent management: by failing to attend to their employees' ideas, and continuing to demoralize their staff, bad leaders accidentally stimulate entrepreneurship. Indeed, if entrepreneurial employees (i.e., Surely their former employers regret letting them go?

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Greece Needs to Be Honest About the Numbers

Harvard Business Review

Given his former position, you would imagine that Georgiou’s crime would involve falsifying national economic data in order to cover up tax shenanigans or to fool the markets into thinking that the Greek economy was healthier than it was. Calculating this debt in “present” (i.e.,

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Small and Young Businesses Are Especially Vulnerable to Extreme Weather

Harvard Business Review

These threats change the risk management calculus of firms hoping to succeed in a more turbulent world. they account for 50% of employment and 45% of GDP. Owning up to our own behavioral biases is a worthwhile starting point to discussing the problem of managing infrequent, severe events. Data from the U.S. In the U.S.,

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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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How GE and IBM are Playing Global Development to Win

Harvard Business Review

Where there is economic growth, there is opportunity, and the companies that can predict where growth will take place are better positioned to take advantage of it. Four years ago, GE initiated a strategy to compete more effectively in Africa, one of the fastest growing regions in the world in terms of GDP. It’s neither.

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The Danger of Turning Cynical About Silicon Valley

Harvard Business Review

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. GDP, according to Harvard Business School professor Josh Lerner , venture-backed companies made up more than 11% of public firms as of 2011, with a total market value of $25.9