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Tag Index  /  Showing 1 - 7 of 7 results for “GDP”

Community Insights Jobs Society

Why an Improving Economy Doesn’t Make People Feel Secure

The 2016 election ignited rich debate about America's economic health. Some great new sources of real data help explain why American families worry about their financial health even as unemployment continues to drop and wage and GDP growth are rising.   More

Finance Techonomy Events

Why Disruptive Change Points to a New Humanism in Banking

Value is being redefined, and many are rethinking what constitutes real wealth and well-being, beyond money and GDP. We have to rethink how we measure wealth. Robert Kennedy said: “GDP measures everything ... except that which makes life worthwhile." Happiness indicators like Bhutan’s Gross National Happiness, the OECD’s Better Life Index, and the UK’s Happy Planet Index are already helping the world define well-being and wealth beyond money.   More

Business Partner Insights

Five Game-Changers To Reignite U.S. Growth

The US economy is struggling to find a new formula for vigorous growth. But all growth opportunities are not created equal. New McKinsey research pinpoints five catalysts—in energy, trade, technology, infrastructure, and talent development—that can quickly create jobs and deliver a substantial boost to GDP by 2020. An animated video below also runs the numbers on these game changers and frames the challenge for business and government to make the most of the opportunity.   More

Partner Insights

Why Measuring Digital Capital Matters

Although largely uncounted, intangible digital assets may hold an important key to understanding competition and growth in the Internet era. On July 31, 2013, the US Bureau of Economic Analysis released, for the first time, GDP figures categorizing research and development as fixed investment. It will join software in a new category called intellectual-property products. In our knowledge-based economy, this is a sensible move that brings GDP accounting closer to economic reality. And while that may seem like an arcane shift relevant only to a small number of economists, the need for the change reflects a broader mismatch between our digital economy and the way we account for it. This problem has serious top-management implications.   More

Business Internet of Things Partner Insights

John Chambers on Why Business Can’t Ignore the Internet of Everything

The only constant is change—and companies that do not change get left behind. My perspective is that it’s best to accept change as inevitable—to embrace it, lead it, and use it to shape desired outcomes. As I discussed previously, many of today’s leading trends—what I call market transitions—are combining into the Internet of Everything, which we define as the intelligent connection of people, processes, data, and things.   More

Business

Capturing the Value of Technology—in Economic Terms

When you look at economic statistics like G.D.P. and productivity, what gets overlooked? According to a New York Times column by Eduardo Porter, these key measures fail to capture the value people get from digital technologies. But leading academics from the University of Chicago, Stanford, M.I.T., and the University of Michigan are developing metrics to assess the overall value of technology on our lives, trying to put numbers around key pieces of the puzzle, like the value of the Internet and the value of free online services.   More

Opinion

Who Says the Internet Isn’t Making Life Better?

A standard trope these days is that we in the middle class have been slogging through a couple of decades of woe. Wages are stagnant. Our standard of living isn’t improving. The grand forces of our time—the Internet and globalization—are failing to better our lives, and may be making things worse. The numbers prove it. But here’s the problem: the traditional numbers used by the government and economists measure the wrong stuff for the twenty-first century.   More