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Reinhart, Rogoff, and How the Macroeconomic Sausage Is Made

Harvard Business Review

I couldn''t help but think back to that as controversy erupted this week over Harvard economists Carmen Reinhart and Kenneth Rogoff''s oft-cited three-year-old finding that economic growth plummets when a country''s debt-to-GDP ratio exceeds 90%. growth in countries with debt/GDP of more than 90%, they came up with 2.2%

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Stop Focusing on Profitability and Go for Growth

Harvard Business Review

times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global GDP. So, in real terms, debt financing is essentially free. But the scales have now tipped in favor of accelerating growth.

ROE 10
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The Global Rise of Female Entrepreneurs

Harvard Business Review

Women''s entrepreneurship has hit a media tipping point. On the other end of the growth spectrum, analysis of a dataset from 350 micro finance institutions across 70 countries indicated lending to more women was associated with lower write-offs and lower portfolio-at-risk. I think it''s safe to say that it''s the latter.

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The Irish Banking Crisis: A Parable

Harvard Business Review

Heres what orthodox economics would have predicted for a country without banks: A collapse in the money supply, a credit crunch, a trade implosion, mass unemployment, an atomized GDP, and the gears of industry and commerce grinding to a crashing halt. Imagine all the veins in your body suddenly shrinking and collapsing — Avada Kedavra!!

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How Cloud Computing Is Changing Management

Harvard Business Review

Likely outcomes of the move to cloud include changing how products are designed; closer collaboration between the corporate IT department and other business units, including sales, finance and forecasting; and more customer interaction, even to a point of jointly developing products with their consumers.