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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. Global business'

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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. Skills training is key to fostering successful development efforts in these zones. SME owners face a slew of obstacles in conflict zones.

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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.

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Globalization Is Becoming More About Data and Less About Stuff

Harvard Business Review

What links the world together has changed fundamentally — and for many companies, succeeding in this new operating environment will require rethinking many past decisions and assumptions. Today growth in global trade has flattened, and it looks unlikely to regain its previous peak relative to world GDP anytime soon.

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The Global Rise of Female Entrepreneurs

Harvard Business Review

While aggregated data is often challenging to find, the recent Global Entrepreneurship Monitor (GEM) found 126 million women starting or running businesses, and 98 million operating established (over three and a half years) businesses. found those that were successful had twice the number of women on the founding team.

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How GE and IBM are Playing Global Development to Win

Harvard Business Review

Four years ago, GE initiated a strategy to compete more effectively in Africa, one of the fastest growing regions in the world in terms of GDP. If we see a country where reward outweighs the risk, we want to invest,” CEO Jeff Immelt says in Success in Africa. GE did more than take advantage of growth as it came. It’s neither.

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How Big a Competitive Threat Is China, Really?

Harvard Business Review

For many reasons, China is unlikely to repeat Japan's success. By comparison, China's FDI stock equals 8% of its GDP; more than 70% of that FDI consists of wholly foreign-owned enterprises (as opposed to joint ventures); and foreign firms produce half of China's exports and more than 90% of China's high-tech exports.