“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.

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3 Charts US Economists Want to Keep Secret

Coaching Tip

In fact, real GDP per person just dropped to its lowest level in more than 75 years ! Stock Market What is 2008-2009 recession daily newspaper economic data economists free look New York real GDP USLike Vanilla is used to make Chocolate. Despite new all-time highs in the stock market, US economic data is lagging.

Hello Deflation

Coaching Tip

In September, eleven of fifteen European Union members experienced lower goods prices, and the latest quarter-over-quarter Eurozone growth in real GDP is zero. Deflation Rearing its Ugly Head in Subtle and Not-So-Subtle Ways Around the Globe.

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

Coaching Tip

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 PrechterKnowing where you are within a trend helps you see around the next corner. By Elliott Wave International.

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. HBR STAFF. Germany, Switzerland, and Japan are now in negative interest rate territory. So are Denmark and Sweden. And U.S. treasuries have hit all-time lows.

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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

Booz estimates, for example, that if female employment rates were to match male rates in the United States, overall GDP would rise by 5%. In Japan, such initiatives could increase GDP by 9%. Nearly one billion women are poised to enter the global economy in the coming decade.

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Does 2010's 4th. Quarter Results Signal Good Times?

Coaching Tip

Gross domestic product (GDP)—a broad measure of all goods and services produced—grew at a 3.2% Final sales—a measure that gives a feeling for underlying demand in the economy by subtracting the change in business inventories from GDP—notched its biggest increase since 1984, growing 7.1% percentage points to GDP. annual rate in the fourth quarter, the government said Friday. That's up from the 2.6% pace notched the quarter before.

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The Coming Jobs War: A book review by Bob Morris

First Friday Book Synopsis

findings) that must be mastered the the World Poll Top 25 Nations ranked by GDP What a master plan for economic “war” most consist of what they can do Who “super mentors” are Why behavioral economics is “the new secret weapon

Is GDP the Right Measure of Wealth and Well-Being?

Harvard Business Review

In case you skimmed too fast to get the point, here it is: that favored benchmark of national performance, GDP growth or GDP per capita, is a distortion of reality that guides us to decisions contrary to what people really want. The Legatum people reason that in order for keep the focus on our real priorities, we need to measure the other components of prosperity as carefully as we do GDP, profits, and individual income.

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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. But what should take the place of that alpha metric as a better indicator of economic health? Is there a better way to size up the relative performance of the world's economies, and to judge whether a given one is getting better or worse over time?

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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.

Bad Bosses Lead Employees to Entrepreneurship

Women on Business

their companies account for over $3 trillion of GDP (for the sake of comparison, that’s 40% of China’s entire GDP). NEWS AND INSIGHTS UPDATE: Did you know that 70% of successful entrepreneurs were employed by someone else before they started their own businesses, and one of the main reasons they became entrepreneurs was to stop working for other people?

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What Warren Buffett would do to end the deficit in 5 minutes

First Friday Book Synopsis

“You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. He told told CNBC he could do it. The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days […]. Bob''s blog entries citizen legislators CNBC Founding Fathers Proposed Congressional Reform Act What Warren Buffett would do to end the deficit in 5 minutes

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Why the Strong U.S. Economy Is Not Making Americans Happy

Harvard Business Review

GDP is masking deeper issues. Economics & Society Video

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Top 10 Economic Facts of Workplace Diversity

Women on Business

A McKinsey & Company study, for example, found that the increase in women’s overall share of labor in the United States—women went from holding 37 percent of all jobs to 47 percent over the past 40 years—has accounted for about a quarter of current GDP.” NEWS AND INSIGHTS UPDATE: Having a diverse workforce not only benefits company innovation and productivity but it also benefits the economy.

The Key to a Jobs Plan that Works

Harvard Business Review

Small businesses constitute the majority of our GDP and have historically been the source of most new job creation. An economy that derives 70% of its GDP from consumer spending cannot sustain stable growth when average consumers don't have money to spend. From 2000 – 2009, overall GDP grew by 17.8% Imagine a structurally sound house with a roof (GDP) supported by 4 walls (demand). Economy Recession Small/medium business GDP

Boston named ‘Best City to Find a Job’

HR Digest

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. That’s what a recent study by Movinga suggests, anyway.

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The Euro Is Not a Long-term Crisis

Harvard Business Review

Of the 17 members of the euro zone, just three (Germany, France and Italy) make up more than three-quarters of the area's aggregate gross domestic product (GDP) of about €12 trillion. Its 20% rise in the past 18 months has cut Swiss GDP growth rates and provided a competitive advantage to companies in the euro zone. Economy Global business GDP

Globalization in the World We Live in Now: World 3.0

Harvard Business Review

Economy Global business Information & technology GDPSo far, 2011 has been a remarkable year.

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

Strategy Driven

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%). Economist: Smart SMBs Fine-Tuning the Engines of Growth. by Symantec Corporation.

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. Communication Customers Global business GDP

Debt and the Future of the U.S.

Harvard Business Review

trillion, roughly 10% of gross domestic product (GDP). Gross public debt is $14 trillion, or over 95% of GDP. In total, the estimated liabilities of the federal government are in the range of $70 trillion, over five times annual GDP. Cutting costs Economy Government GDPFrom where I sit as an economist, it's still all about the economy and the long-term impact of the problems laid bare by the Great Recession.

Are You Fretting over the Economy?

Coaching Tip

But please allow us to suggest this: Belief that the GDP and other economic measures drive stock market trends is completely and utterly false. Suppose you were to possess perfect knowledge that next quarter's GDP will be the strongest rising quarter for a span of 15 years, guaranteed.

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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. China Disruptive innovation Economy GDPThat was down from 9.7% in the previous quarter and from its blistering 11.9% pace in the first quarter of 2010.

How Happy Is Your Organization?

Harvard Business Review

It was hosted by Bhutan, a small but visionary country which famously uses Gross National Happiness (GNH) instead of Gross Domestic Product (GDP) to index its progress. Leadership Managing people Morale Motivation Organizational culture Productivity GDP GNHToday, March 20, 2013, marks the first ever International Day of Happiness.

Book Review: The Coming Jobs War

Lead on Purpose

Those things destroy cities, destroy job growth and destroy city GDP. More money, jobs and GDP turns on who is named manager than on any other decision,” says Clifton. “If you were to ask me ‘From all your research, what is the best predictor of new jobs?’ my answer would always be new customers.” Jim Clifton , chairman of Gallup and author of The Coming Jobs War: What every leader must know about the future of job creation , says that what everyone wants is a good job.

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Reason Why 2013 Stock Prices are in the Stratosphere

Coaching Tip

Let''s normalize this indicator to GDP and see what we have. Margin debt as a percentage of annual GDP is still 10 times the 1974 level. Margin debt is up 100 times in the last 39 years.

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

Great Leadership By Dan

With an increase in Japan’s female employment rate, the country’s workforce would expand by more than eight million people—and its GDP would grow by as much as 13 percent.*

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. With the rise of China, India and other Asian countries, what languages do we teach in school? Bengali? Punjabi? Think this is a bit of an issue for our economic and political future?

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When You’re Tied Up In Supply Chains, You Need A Strategy

Strategy Driven

In short, it’s an enormous business, consuming some 6 percent of total world GDP, more than military spending and education combined. According to estimates by supply chain management organizations, the global supply chain market is worth more than $10 trillion a year.

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

Curious Cat

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. Edwards Deming named 7 deadly diseases of western management.

What Fatherhood Can Teach Us About Leadership

LDRLB

Countries represent 65% of global GDP and include Brazil, Canada, China, Chile, France, Germany, India, Indonesia, Japan, Mexico, South Korea, United Kingdom and The United States).

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. 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.

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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!!!), Guest post by Lena Rizkallah (learn more about Lena at the end of this post). Valentine’s Day was two weeks ago. It was also the day that President Obama released his 2012 Budget, but despite all the proposed tax and spending cuts that would reduce the deficit by $1.1

Wise Economic Decision Making

Coaching Tip

percentage points from GDP, based on the average of 2010's first three quarters. Wouldn't it be nice if our business, economic and political leaders had the honor and integrity to rise above their workday pressures and made decisions for the common good ? Exercising creative thinking and discretionary behavior could be the basis for wise decision making for their stakeholders. . CEOs across the country want to make sure the economy is growing robustly before they commit to new hiring.

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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CEO Next Door Book Reveals Four Key Behaviors Of Successful CEOs And Busts CEO Myths

Eric Jacobson

non-farm GDP). The CEO Next Door is the new book that offers career advice for everyone who aspires to rise in their organization and achieve their full potential.

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Review of “The Happiness Advantage” by Shawn Achor

The Practical Leader

And the movement to measure national well-being on factors other than GDP could be game changing: As we know, what gets measured gets managed. Up until the late nineties psychology was overly focused on the “sickness model” and treating mental illness.

Are the government falling into the short-termist trap?

Chartered Management Institute

I'm sure many of you will have read the news that the Olympics this summer have caused the UK economy to grow by 1% in the third quarter of the year, thus ending three quarters of declining GDP and, officially at least, taking us out of recession. The dangers of short-term thinking are well known. It leads to a chronic under-investment in projects with real long term value. It was commonly believed that short-term thinking was a major factor behind the financial crash of 2008.

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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