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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.

GDP 8
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The Future of Cities Depends on Innovative Financing

Harvard Business Review

Investors from hedge funds to insurance companies are operating in an environment of low yields, near-zero interest rates, and a glut of savings. In traditional financing models, it’s just not possible for investors to see their way to a financial return based on some abstract added value of the integrated whole.

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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business Review

The superstars tend to be more involved in global flows of trade and finance, more digitally mature, and they dominate the lists of the most valued companies, the most valued brands, the most desirable places to work, and the most innovative companies. counties, which account for 90% of GDP in that sector.

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When America Was Most Innovative, and Why

Harvard Business Review

For instance, in 1880 most inventive activity was the result of inventors operating outside the boundaries of firms. The chart below illustrates a strong relationship between patenting activity and GDP per capita at the state level. By analyzing this data, we were able to shed light on why the U.S. was so innovative.

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Fighting Inflation, Ruining Economies

Harvard Business Review

debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, its deficit 8.5% The difference is that the United States has its own money , the dollar, while Spain operates on foreign money , the euro. Finance Minister Domingo Cavallo (himself a Harvard economics Ph.D.) Why can the U.S. In 2011, U.S.

GDP 11
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Promoting Entrepreneurship in Vulnerable Economies

Harvard Business Review

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. They advise entrepreneurs on areas including finance, marketing, customer service, and human resources. SME owners face a slew of obstacles in conflict zones.

GDP 15
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Fixing the World's Infrastructure Problems

Harvard Business Review

How well they''re built and operated is crucial to economic growth and is a key arbiter of an economy''s competitiveness — and yet, virtually every economy faces an array of infrastructure challenges. of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries.