The Horizons Tracker

OCTOBER 12, 2020

New research from MIT sets out to understand precisely why the labor share of GDP has fallen from 67% in 1980 to just 59% today. The discontent from economists has mainly arisen due to the remarkable stability of labor’s share of GDP throughout the 20th century. “That’s our key point.” ” Superstar firms.

GDP 63

GDP Outsourcing Retail Finance 63

Harvard Business Review

MARCH 16, 2012

Adding to the concerns is a perception that American firms are outsourcing so much R&D that it will only add to the erosion of high technology industries. The latest National Science Foundation Science and Engineering Indicators shed some new light on the debate about outsourcing. of R&D is outsourced, up from 12.6% About 15.7%

Outsourcing 12

Outsourcing Chief Technology Officer Engineering GDP 12

Harvard Business Review

MAY 12, 2017

labor market is like an aging athlete; it is taking longer and longer to recover from recessions. 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.

Outsourcing 8

Outsourcing Merchandising GDP Quality 8

Harvard Business Review

AUGUST 5, 2015

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. They’re tech companies from the U.S.,

Outsourcing 8

Outsourcing Technology B2B GDP 8

Harvard Business Review

MAY 11, 2017

The other main explanation for labor’s downfall is that Chinese imports have caused employers to outsource employment to Asia, causing a fall in the labor share domestically, even if labor utilization does not fall globally. Firms with a cost or quality advantage have always enjoyed higher market shares.

GDP 8

GDP Video Sharpe Consensus 8

Harvard Business Review

FEBRUARY 29, 2012

In short, Japan enjoyed asymmetric openness — access to foreign technology and export markets but protection from foreign competition. China, by contrast, is simply open. Japan grew with essentially zero foreign direct investment (FDI). China is obviously an important economic player.

Comparison 14

Comparison GDP Technology Outsourcing 14

Harvard Business Review

JUNE 29, 2016

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.

Uncertainty 9

Uncertainty Short-term Supply Chain Long-term 9