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Recessions Push People to Buy Cheap Things, Which Just Makes Everything Worse

Harvard Business Review

The next recession, which came in 2001, was short and mild (GDP barely fell), but it took four years for the job market to heal, prompting the Federal Reserve to administer the economy a long course of low interest rates. labor market is like an aging athlete; it is taking longer and longer to recover from recessions. economy recovers.

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How the Philippines Became Tech Startups’ New Source for Talent

Harvard Business Review

The Philippines has a huge business process outsourcing industry. That’s significant for a country with a GDP of $270 billion. Unlike other outsourcing hubs, Filipinos are intimately familiar with American culture, a legacy of more than 30 years of American colonial rule.

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Morning Advantage: Putting an End to Corruption

Harvard Business Review

trillion in bribes wiped out more than 5% of global GDP. Outsourcing Gets Personal (Harpers). In 2010, the U.N. estimates, some $1.5 And by 2015, this Foreign Affairs article predicts, the total value of goods lost to counterfeiting and piracy will balloon from 2008's $650 billion to $1.77 economy could add as many as 2.1

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A CEO’s Guide to Navigating Brexit

Harvard Business Review

Both internal and external factors drive uncertainty about the duration and outcome of the reconstruction challenge — for example, the UK’s ability to negotiate agreements, having outsourced this task to Brussels for 40 years, or trade partners’ willingness to engage with Britain in a constructively and timely manner.

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Can the U.S. Become a Base for Serving the Global Economy?

Harvard Business Review

GDP while undertaking 40.9% businesses appear to be the result of both labor-saving technological changes and the outsourcing of parts of production to independent contractors in low-cost foreign locations. In 2009, they accounted for 24.4% private-sector jobs and produced 28.7% capital investment, shipping 71.1% of all U.S.

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America's Innovation Shortfall and How We Can Solve It

Harvard Business Review

With fewer breakthrough products to sell overseas, exports as a share of GDP have stagnated at 11%, while imports have soared, forcing the U.S. Household debt averaged 75% of disposal personal income between 1975 and 2000, according to Stephen Roach, senior executive at Morgan Stanley and lecturer at Yale's School of Management.

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What Could Amazon’s Approach to Health Care Look Like?

Harvard Business Review

GDP dedicated to health care as fertile ground for expansion. If so, Amazon could find itself as an outsourced supplier of IT services to the delivery systems that are currently trying to do this integration on their own. jamie jones/Getty Images. It is clear from some of its recent moves that Amazon sees the 18% of U.S.