“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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Research: Poor Health Reduces Global GDP by 15% Each Year

Harvard Business

The pandemic has demonstrated that rapid health care transformation is possible — and necessary. Health Digital Article

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GDP Is Not a Measure of Human Well-Being

Harvard Business

We need better measures of development. Economic development Policy Economics Digital Article

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GDP Is a Wildly Flawed Measure for the Digital Age

Harvard Business

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. We’ve also witnesses the populist reactions embodied in the Brexit vote, and at the Republican and Democratic National Conventions in the United States. One can certainly make the case that we are falling into an abyss.

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How Reducing Gender Inequality Could Boost U.S. GDP by $2.1 Trillion

Harvard Business

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 trillion in value per year, and it isn’t included in GDP.) It is remarkable that gender inequality in the United States, the largest economy in the world, remains so high.

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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.

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.

The productivity imperative

First Friday Book Synopsis

Bob's blog entries Amazon Elizabeth Stephenson France Telecom’s Orange GDP growth Germany’s T-Systems Kindle OECD countries Peter Bisson Rik Kirkland S. Here is an excerpt from an article co-authored by Peter Bisson, Elizabeth Stephenson, and S. Patrick Viguerie for The McKinsey Quarterly.

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

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. That's a hard fact. The question is whether theirs will be a story of economic empowerment or missed potential. A new study from Booz & Co.,

GDP 12

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?

GDP 12

US stock market is no threat to consumption

CEO Insider

A downturn in the American economy will hurt the US stock markets, but a sell-off on Wall Street won’t necessarily damage the American GDP growth quite as much– it’s another sign of changing macroeconomic dynamics. It is well-known that since the global financial crisis, the American GDP growth has been doing fairly well.

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

Harvard Business

GDP is masking deeper issues. Economics & Society Video

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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.

China is running out of bridges

CEO Insider

For many years, China’s GDP growth has been supported by large public investments in infrastructure, but China’s government now quickly needs to find other solutions. The number of road bridges in China has increased from 658,000 in 2010 to 851,000 last year (graphic one). This development also well describes the overall infrastructure development in the […]. CEO Insider Stats Gate

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“Poli talks” continue as investor headache

CEO Insider

Very respectable and fine organisations like The International Monetary Fund (IMF) have throughout the year revised their global GDP growth forecasts lower. Many investors dream about having less of the tough political rhetoric and macroeconomic interference, but the reality looks different. The reason is not just a downswing in economic activity; this can happen, but […]. CEO Insider

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How covid has impacted business in the Philippines

Strategy Driven

This also sent real GDP growth tumbling to a little over 1% (1.3%)overall, According to the recent data released by the Philippine Statistics Authority, the nation’s GDP growth rate declined by a whopping 16.5%

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Investors await China’s growth hungrily

CEO Insider

Due to the Covid-19 outbreak, the National People’s Congress that should have taken place in March was postponed, it almost illustrates the situation that the official GDP growth […]. The Chinese economy is trying to recover from the Covid-19 outbreak, though if the government initiates recovery help, then the Chinese single market will develop even faster.

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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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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

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.

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.

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.

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 A few months ago, Microsoft announced the release of Windows 8 in a language that many tech analysts found to be a surprising choice — Cherokee. Just a decade ago, this Native American language had no speakers under the age of 40 with conversational fluency.

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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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. The Independent Investor eBook, 2011 Edition (excerpt; get full eBook here, free) Suppose that you had perfect foreknowledge that over the next 3¾ years GDP would be positive every single quarter and that one of those quarters would surprise economists in being the strongest quarterly rise in a half-century span.

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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.

Review 187

Amazing AI Facts That Could Change The World

Strategy Driven

PWC believes global GDP will rise by 14% by 2030 due to AI. AI, or Artificial Intelligence is something we often associate with science fiction movies. The concept of AI is to create machines that learn and are able to work autonomously, to make our lives easier. It is a wonderful and unique technology that can transform our lives as well as business ideas.

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. A famous quote attributed to Archimedes, the ancient Greek mathematician, is: "Give me a place to stand and with a lever I will move the whole world." And, as you probably know, leverage can also move the stock market.

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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business

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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What a Study of 33 Countries Found About Aging Populations and Innovation

Harvard Business

And growth reduces the government’s debt-to-GDP ratio, which facilitates and cheapens future government borrowing. The problem is that population aging is itself a cause for a decline in both GDP and per-capita GDP. The active labor force declines over time, and so does GDP. Accordingly, GDP per capita tends to fall. If the more productive few can produce as much output as the less productive many, GDP will not fall.

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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

Why Americans Are So Angry Despite America’s Strong Economy

Harvard Business

The economy is growing steadily, the unemployment rate is below 5%, and on GDP per capita America still is one of the richest countries in the world. The United States is one of the richest countries in the sample, ranking 5th out of 133 on GDP per capita, and yet is 19th in the world on social progress. They are doing a good job at turning their GDP into social progress; the U.S.

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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. To achieve growth, economies the world over rely on small businesses to create jobs, increase competition and spur innovation.

Macro and Micro Motivation

The Center For Leadership Studies

It is the study of employment, the forces of productivity and the factors impacting gross domestic product (GDP). Allow me to share some things I know about economics (this will not take long!). I am conditioned based on college courses I took decades ago to think about economics in two realms: Macroeconomics – As the name implies, this is the big picture! Microeconomics – More of a focused spotlight , this is the study of market-specific dynamics and prices. What’s selling? What isn’t?

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. One of those was excessive health care costs. Sadly that deadly disease has become much worse in the last several decades.