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Innovating Your Way Out Of The Resource Curse

The Horizons Tracker

Indeed, it’s GDP per capita of $72,700 marks it out as one of the wealthiest nations on earth. . Indeed, while direct revenue from oil and gas fell to below 50% of GDP in 2017 (from 60.1% in 2011), this hides the fact that much of the other half of the economy is heavily reliant on the oil and gas sector for its revenues.

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The Social and Political Costs of the Financial Crisis, 10 Years Later

Harvard Business Review

Measured by decrease in per capita United States GDP compared to the pre-crisis trend, by 2016 the crisis had cost the country 15% of GDP, or $4.6 But the most important effects of the financial crisis may be political and social, not economic. Broader measures are even more damning.

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What Brexit Means for the Openness of the World Economy

Harvard Business Review

Thus, attempts to estimate what Brexit will cost the UK in GDP terms don’t go far enough. Thus, attempts to estimate what Brexit will cost the UK in GDP terms don’t go far enough.

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Is China's Elite Preparing for Exile?

Harvard Business Review

We may be seeing the same phenomenon repeating itself, with the mass exodus of China's political and economic elites children to schools abroad. The arrest and disappearance of world-renowned artist Ai Weiwei is but the latest evidence that the political culture of China is shifting toward that of a police state. This time, the U.S.

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The Real Reason the German Labor Market Is Booming

Harvard Business Review

That’s roughly, and remarkably, half of Germany’s GDP, amounting to about 9% of world exports that year. So how did Germany, with the fourth-largest GDP in the world (after the United States, China, and Japan), transform itself from sick man to economic superstar? With just 2.6 The country’s exports reached nearly $1.3

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Get Ready for China's Innovation Juggernaut

Harvard Business Review

Muhtar Kent's remarks were prompted by the complexities of America's tax code, its bureaucratic red tape, and its polarized political process. There is too much wishful thinking in America that China will stumble, politically if not economically. And the Chinese understand that idle political scapegoating of China in a U.S.

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The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

Harvard Business Review

Yes, there are reasons for concern, both technical and political. Wage growth has not kept up with productivity growth; labor’s share of GDP has fallen and capital’s share has risen. Education and training are at the top of the list. The solutions, and any obstacles, are political, not economic or technical.