“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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GDP Revision: The recession was worse than everyone thought!

ReThink HR

In its GDP release yesterday, the Commerce Dept. Business Impact ALFRED GDP Recession St. This from the The Big Picture Blog! made revisions back t0 2003 that showed the recession to be worse than originally thought. Using ALFRED , the St.

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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.

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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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

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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.

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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The Urbanizing Developing World: Lagos

Execupundit

By most accounts, Lagos has twice as many people as London, along with a GDP greater than all but six African states. Poverty, confusion, and moral fluidity haven’t stopped Lagos from achieving global prominence. Maybe an all-pervading looseness has even been a source of the city’s growth, since it has expanded with a velocity that prudent planning would avoid.

Study in Leadership: Can Matteo Renzi Succeed?

Execupundit

Sovereign debt stands at 133 percent of annual GDP -- among EU member states, only Greece has more. Italy has now suffered through more than two consecutive years of recession. Rome is even €70 billion in debt to companies in Italy.

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Europe's Decline

Execupundit

In 1965, government spending as a percentage of GDP averaged 28% in Western Europe. During the postwar years, annual GDP growth in Europe averaged 5.5%. Today it hovers just under 50%. In 1965, the fertility rate in Germany was a healthy 2.5 children per mother. Today it is a catastrophic 1.35. After 1973, it rarely exceeded 2.3%. In 1973, Europeans worked 102 hours for every 100 worked by an American. By 2004 they worked just 82 hours for every 100 American ones.

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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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First Paragraph

Execupundit

Between 1970 and 2015, the value of exports and imports as a fraction of gross domestic product (GDP) almost tripled from 11 percent to about 30 percent. The past few decades have witnessed a historic integration of the United States into the world economy - even more so than in the first half of the twentieth century.

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Reading break

Managing Leadership

In the meanwhile, please see these excellent resources: An interesting WSJ column on what may be behind the drive to refine the GDP as a standard of national well-being. — Technorati Tags: WSJ , GDP , executive , decision , Michael Wade , globalization , technology , Economist , David Noer , Mary Jo Asmus , Eclecticity. Today’s post will be published: tomorrow!

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The Greek Debt

Execupundit

It currently stands at 157% of GDP and is expected to rise to 171% by the end of this year, says David Beim, finance professor at Columbia University. Nin-Hai Tseng on why Greece''s budget surplus is a mirage.

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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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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

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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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.

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.

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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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

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.

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.

How Danish Is Your Organization?

The Leadership Advisor

Good question… GDP per capita – In a nutshell, the people of Denmark are productive. Send to Kindle The World Happiness Report was released last month (Sept. 2013) and Denmark was declared the happiest country on the planet.

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.

The Key to Winning in Global Markets

C-Level Strategies

“Mid-size and large cities in developing countries generally have a growth rate exceeding that of their host countries,” say the authors, and “top cities have grown faster in GDP than the rate of their country’s GDP growth.

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.

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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Jeff Henderson – Catalyst 2013

Ron Edmondson

Charitable giving in US has remained at 2% of GDP since 1970. Jeff Henderson was one of my favorite speakers at this year’s Catalyst Conference. His talk was on what non-profits can learn from for profits. One reason I identify with Jeff is because of his background in the business world. Here are a few thoughts Jeff shared: The solutions non profits are trying to provide aren’t keeping up with the problems they are trying to solve.

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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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.*

How Danish Is Your Organization?

The Leadership Advisor

Good question… GDP per capita – In a nutshell, the people of Denmark are productive. The World Happiness Report was released last month (Sept. 2013) and Denmark was declared the happiest country on the planet.