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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. Post announcement, the ratio is 18%.

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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business Review

We focus on economic profit rather than revenue size, market share, or productivity growth because these other metrics risk including firms that are simply large and may not create economic value. For cities, we analyze nearly 3,000 of the world’s largest cities by population that together account for 67% of global GDP.

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When America Was Most Innovative, and Why

Harvard Business Review

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. By analyzing this data, we were able to shed light on why the U.S. was so innovative.

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Promoting Entrepreneurship in Vulnerable Economies

Harvard Business Review

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. Chief among these are access to capital, access to markets, and access to networks and skills development. SME owners face a slew of obstacles in conflict zones.

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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% The difference is that the United States has its own money , the dollar, while Spain operates on foreign money , the euro. Finance Minister Domingo Cavallo (himself a Harvard economics Ph.D.) Why can the U.S. In 2011, U.S.

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Globalization Is Becoming More About Data and Less About Stuff

Harvard Business Review

What links the world together has changed fundamentally — and for many companies, succeeding in this new operating environment will require rethinking many past decisions and assumptions. Today growth in global trade has flattened, and it looks unlikely to regain its previous peak relative to world GDP anytime soon.

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Fixing the World's Infrastructure Problems

Harvard Business Review

How well they''re built and operated is crucial to economic growth and is a key arbiter of an economy''s competitiveness — and yet, virtually every economy faces an array of infrastructure challenges. of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries.