Harvard Business Review

APRIL 9, 2014

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. Post announcement, the ratio is 18%.

GDP 10

GDP Human Capital Film Consensus 10

Harvard Business Review

DECEMBER 22, 2010

During the financial crisis, the world came to the apparently shocking realization that debt financing entails risks. trillion, roughly 10% of gross domestic product (GDP). Gross public debt is $14 trillion, or over 95% of GDP. Financial institutions, households, and governments all suffered because they had too much leverage.

GDP 16

GDP Net Present Value Crisis Cost 16

Harvard Business Review

MARCH 22, 2011

Analysts have already reduced forecasted GDP growth rates for Japan by 0.5% at the market's close on Monday (3/14), erasing more than $300 billion of equity value, and lost another 10.6% Bold recovery plans would seem to be in order, but how that response is financed holds great import for Japan's economic future. on Tuesday.

GDP 15

GDP Aggregate Demand Supply Chain Crisis 15

Harvard Business Review

JUNE 28, 2012

Foreign aid, which can account for to up to 97 percent of a nation's GDP, is neither a long-term nor a sustainable solution to help the citizens of these fragile countries. Chief among these are access to capital, access to markets, and access to networks and skills development. SME owners face a slew of obstacles in conflict zones.

GDP 16

GDP Entrepreneur Finance Training 16

Harvard Business Review

JUNE 26, 2012

debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, its deficit 8.5% Finance Minister Domingo Cavallo (himself a Harvard economics Ph.D.) Salinas instituted market reforms lauded by Washington, including the North American Free Trade Agreement. Why can the U.S. In 2011, U.S.

GDP 14

GDP Banking Price Crisis 14

Harvard Business Review

SEPTEMBER 10, 2012

their companies account for over $3 trillion of GDP (for the sake of comparison, that's 40% of China's entire GDP). The next few years will probably witness an even bigger transition from a business-to-business to a consumer-to-consumer economy: the more we teach people to create, market, and sell themselves, the more we shall prosper.

Leadership 20

Leadership GDP Entrepreneur Incubator 20

Harvard Business Review

APRIL 9, 2012

current account deficit, which measures the gap between what the country takes in from export income, investment income, and cash transfers and what it pays out, peaked at nearly 6% of GDP in 2006 and was down to 3.1% of GDP in 2011. Treasuries, the dollar has been on a downward trend in international currency markets since 2002.

GDP 15

GDP Globalization Finance Short-term 15

Harvard Business Review

SEPTEMBER 1, 2011

As readers of this blog already know, markets are far less integrated internationally than popular views of globalization presume. Their conclusions are corroborated not just by empirical experience but by experimental research on asset markets by Nobel Laureate Vernon Smith , among others. in 2010.

Globalization 15

Globalization GDP Crisis Finance 15

Harvard Business Review

MARCH 12, 2012

Investing in innovators simply can't happen in markets with weak property rights. The GDP of China — the world's largest — in most centuries never exceeded $100 billion. was recording its GDP in hundreds of millions of dollars — not billions. patent on July 31, 1790, there was a market for ideas and investing.

GDP 16

GDP Travel Innovation Globalization 16

Harvard Business Review

MARCH 6, 2017

The chart below illustrates a strong relationship between patenting activity and GDP per capita at the state level. It predicts that an innovative state like Massachusetts, which from 1900 to 2000 had four times as many patents as a less innovative state, like Wyoming, would become 30% richer in terms of GDP per capita by 2000.

Innovation 16

Innovation GDP Education Technology 16

Harvard Business Review

NOVEMBER 21, 2011

GDP shrunk this year by 5.5% Our horrendous public debt is compounding and the public debt to GDP ratio will soon hit almost 200%, a level that can force our country to default on a most of what it owes. The new government has met with the cautious approval of the EU, the IMF, the markets and the international press.

Crisis 15

Crisis GDP Consensus Politics 15

Harvard Business Review

APRIL 17, 2013

I couldn''t help but think back to that as controversy erupted this week over Harvard economists Carmen Reinhart and Kenneth Rogoff''s oft-cited three-year-old finding that economic growth plummets when a country''s debt-to-GDP ratio exceeds 90%. growth in countries with debt/GDP of more than 90%, they came up with 2.2%

GDP 11

GDP Bond Sample Sharpe 11

Harvard Business Review

JULY 9, 2012

And market participants were initially thrilled. Yields are now beginning to climb for Irish, Spanish, and Italian debt as the markets realize three important details of what was agreed. The Irish government, with a GDP in 2011 of close to 160 billion euros, has committed at least 64 billion euros to its banks.

GDP 15

GDP Banking Bond Real Estate 15

Harvard Business Review

OCTOBER 25, 2018

We focus on economic profit rather than revenue size, market share, or productivity growth because these other metrics risk including firms that are simply large and may not create economic value. For cities, we analyze nearly 3,000 of the world’s largest cities by population that together account for 67% of global GDP.

Industry 15

Industry Company GDP Bottom-up 15

Harvard Business Review

SEPTEMBER 4, 2013

Women-owned entities in the formal sector represent approximately 37% of enterprises globally — a market worthy of attention by businesses and policy makers alike. But, as participants in these programs regularly articulate, they are insufficient without access to capital and markets.

Globalization 15

Globalization Entrepreneur Banking Supply Chain 15

Harvard Business Review

JULY 21, 2011

The share of the package borne by the public sector in Germany and other strong Euro countries will presumably have some impact on their public finances. A deal of this sort, however, would be attractive because it would allow for some management of the scale and timing of default.

GDP 14

GDP Crisis Short-term Long-term 14

Harvard Business Review

JUNE 12, 2012

Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. The Spanish Prime Minister has become preoccupied with creating market confidence, as was the Irish Prime Minister in the run up to the EU/IMF bailout.

Real Estate 17

Real Estate Banking Construction Politics 17

Harvard Business Review

MAY 27, 2014

has the world’s most sophisticated system of financing radical ideas, and the results have been impressive, from Google to Facebook to Twitter. by 66%, manufacturing in Germany employed 22% of the workforce and contributed 21% of GDP in 2010. How Samsung Gets Innovations to Market. True, Americans do well at inventing.

Innovation 15

Innovation GDP Telecommunications Industry 15

Harvard Business Review

APRIL 18, 2012

Earlier this week, on April 16, the US nominee Jim Yong Kim was selected over Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo. Consider the differences in various shares of the top ten emerging markets in comparative perspective. But haven't we heard this before?

Globalization 15

Globalization Banking Restructuring Politics 15

Harvard Business Review

AUGUST 2, 2013

to 8% GDP growth rate already is a significant slowdown from the nearly 10% annual pace at which China''s economy had been growing until last year. China, with a per capita GDP of $7,827 in 2011 (in 2005 dollars, according to the latest edition of the Penn World Tables ), is getting close to that first landmark. to 8% growth rate.".

GDP 12

GDP Banking Finance Maturity 12

Harvard Business Review

FEBRUARY 29, 2012

In short, Japan enjoyed asymmetric openness — access to foreign technology and export markets but protection from foreign competition. Simply because of its size, it commands attention in global negotiations on trade, finance, and the environment. China, by contrast, is simply open.

Comparison 16

Comparison GDP Technology Outsourcing 16

Harvard Business Review

APRIL 11, 2013

of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries. Just to keep pace with anticipated global GDP growth, the world needs to spend $57 trillion , or on average $3.2 The UN Economic Commission for Latin America and the Caribbean estimates that investment equivalent to 7.9%

Transportation 10

Transportation GDP Globalization Finance 10

Harvard Business Review

JANUARY 28, 2011

Hence, your incentives are largely just the same as everybody else at Davos: to perpetuate stale concepts like "profit," "product," and "output," the tired, toxic practices of "strategy," "finance," and "marketing." Hence, the atmosphere of groupthink. Your Mom tends to tell you what you want to hear.

Ethics 18

Ethics Globalization Groupthink Incentives 18

Harvard Business Review

JANUARY 26, 2012

In a relatively short time, venture-backed companies have grown to account for over 20% of US GDP today. Hedge fund investors who deploy capital in large and liquid markets can scale their time well. The best VCs have successfully identified major industry disruptions before they occur.

Hedge 16

Hedge Disruptive Innovation Venture Capitalist Venture Funding 16

Harvard Business Review

SEPTEMBER 29, 2014

In the 1900s, French mathematician-economist Leon Walras envisioned prices in a market economy being set by an auctioneer (since known as the “Walrasian auctioneer”) conducting continuous auctions for all kinds of commodities. Economists and market design. Economists and finance. Economists and big data.

Strategy 15

Strategy Black-Scholes Airlines Price 15

Harvard Business Review

JANUARY 4, 2013

"By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago. Meaning that you can never get truly scientific answers out of GDP or unemployment numbers. I tend to think it doesn't apply for macroeconomics in general.

Tversky 15

Tversky Crisis Levitt Consensus 15

Harvard Business Review

NOVEMBER 29, 2010

Heres what orthodox economics would have predicted for a country without banks: A collapse in the money supply, a credit crunch, a trade implosion, mass unemployment, an atomized GDP, and the gears of industry and commerce grinding to a crashing halt. Imagine all the veins in your body suddenly shrinking and collapsing — Avada Kedavra!!

Banking 17

Banking Crisis Merton Guidelines 17

Harvard Business Review

JANUARY 9, 2015

So one solution suggested by a growing number of economists in Europe is for central banks to “helicopter drop” money , and directly finance private sector spending. Quantitative easing (QE) by the Fed, Bank of England and the Bank of Japan, has involved asset purchases equivalent to more than 20% of GDP.

GDP 8

GDP Bond Banking Policies 8

Harvard Business Review

MARCH 7, 2012

GDP while undertaking 40.9% Foreign expansion can fuel employment growth at home in areas like manufacturing, logistics, R&D, design, marketing, finance, and management. In 2009, they accounted for 24.4% private-sector jobs and produced 28.7% capital investment, shipping 71.1% exports, and conducting a remarkable 84.1%

Globalization 13

Globalization Rivkin Supply Chain Trends 13

Harvard Business Review

APRIL 16, 2014

CEOs are proactively engaging with emerging market government to spur economic development and create opportunities for their companies. In the fast growth markets of Asia, Africa and Latin America, national governments are responding to a more empowered citizenship, and looking for corporate partners to achieve their development goals.

Globalization 9

Globalization Development Supply Chain Long-term 9

Harvard Business Review

AUGUST 8, 2011

That's pretty much the state our economy's in: industrial age metrics like GDP are giant slabs lipstick, massive swathes of eyeliner, and gigantic dollops of foundation on the proverbial pig — they perpetually let us overstate real prosperity, as it matters in authentic human terms. Do you know what a makeunder is?

Incentives 17

Incentives Depreciation Long-term Banking 17

Harvard Business Review

FEBRUARY 8, 2018

Likely outcomes of the move to cloud include changing how products are designed; closer collaboration between the corporate IT department and other business units, including sales, finance and forecasting; and more customer interaction, even to a point of jointly developing products with their consumers.

Management 16

Management Software BPM Technology 16

Harvard Business Review

DECEMBER 17, 2013

By this logic, there’s no reason to applaud the growing number of graduates from top universities opting for jobs in startups and tech rather than finance. GDP, according to Harvard Business School professor Josh Lerner , venture-backed companies made up more than 11% of public firms as of 2011, with a total market value of $25.9

Venture Funding 10

Venture Funding Entrepreneur CRM Hedge 10

Harvard Business Review

DECEMBER 6, 2016

companies don’t pay taxes on debt-financed investments, which amounts to a subsidy. After-tax profits are at historically high levels; they were more than 50% higher as a share of GDP in the years 2010-2015 than they were over the prior 20 years. collects less corporate tax revenue than peer countries, by about 1% of GDP.

Finance 8

Finance GDP System Short-term 8

Harvard Business Review

AUGUST 23, 2013

and the transfer of business risk from "too big to fail" institutions to taxpayers, leading to a "heads I win, tails you lose" relationship between the finance and the rest of the economy. The financial industry accounts for about 8% of GDP, but about 32% of corporate profits. Recent scrutiny of the U.S. Here also there are two issues.

How To 8

How To GDP Finance Policies 8

Harvard Business Review

SEPTEMBER 16, 2016

Given his former position, you would imagine that Georgiou’s crime would involve falsifying national economic data in order to cover up tax shenanigans or to fool the markets into thinking that the Greek economy was healthier than it was. You would be wrong. Calculating this debt in “present” (i.e.,

GDP 8

GDP Maturity Crisis Report 8

Harvard Business Review

MARCH 14, 2016

Today growth in global trade has flattened, and it looks unlikely to regain its previous peak relative to world GDP anytime soon. We find that over the last decade, global flows of goods, services, finance, people, and data have contributed at least 10% of world GDP, adding $7.8 The same is true for cross-border financial flows.

Globalization 8

Globalization Supply Chain GDP Marketing 8