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Africa at work: Job creation and inclusive growth African economies are on the move. The continent has been the second-fastest-growing region in the world over the past decade. GDP is on course to expand by 4.8% in 2012. The acceleration in Africa’s growth over the past ten years reflects fundamental improvements in the macroeconomic landscape, […]

Printed with permission from McKinsey Global Institute. Competition for talent in emerging markets is heating up. Global companies should groom local highfliers—and actively encourage more managers to leave home. Global organizations appear to be well armed in the war for talent. They can tap sources of suitably qualified people around the world and attract them

A poor response can be far more damaging than the attack itself. “Can it happen to us?” All over the world, technology executives have been fielding this question from boards of directors and CEOs in the wake of highly publicized cyberattacks on large, well-respected companies and public institutions. “Yes” is the only honest answer at a

Australia has been riding the wave of Asia’s economic growth, supplying coal, iron ore, and minerals to meet unprecedented demand in China and other emerging markets. As commodity prices spiked in recent years, the country has attracted a flood of investment into its mines, processing plants, pipelines, and ports. More money has been invested in

Foreign economic collection and industrial espionage against the United States represent significant and growing
threats to the nation’s prosperity and security. Cyberspace—where most business activity and development of
new ideas now takes place—amplifies these threats by making it possible for malicious actors, whether they are
corrupted insiders or foreign intelligence services (FIS), to quickly steal and transfer massive quantities of data
while remaining anonymous and hard to detect.

To continue on a strong GDP growth trajectory, the country should work to raise its labor productivity.

    Languages spoken at home are not evenly distributed throughout the nation. Some areas have high percentages of speakers of non-English languages, while others have lower levels. The percentage of people who spoke a language other than English at home varied substantially across states; just 2 percent of West Virginians 5 years old and

Reprinted with permission from McKinsey Quarterly. Lower costs are an advantage for the country’s ready-made-garment industry, but challenges remain. In 2010, China dominated European and US markets for ready-made garments, accounting for about 40 percent of the import volume in each region. A recent McKinsey survey, however, found that 86 percent of the chief purchasing officers

Posted with permission from McKinsey Quarterly The great rebalancing As the center of economic growth shifts from developed to developing countries, global companies should focus on innovation to win in low-cost, high-growth countries. Their survival elsewhere may depend on it. As the center of economic growth shifts from developed to developing countries, global companies should

When shipping a product overseas as part of a commercial transaction, be aware of packing, labeling, documentation, and insurance requirements.

Printed with permission from McKinsey Quarterly. As the economic spotlight shifts to developing markets, global companies need new ways to manage their strategies, people, costs, and risks. Managing global organizations has been a business challenge for centuries. But the nature of the task is changing with the accelerating shift of economic activity from Europe and North

Printed with permission from McKinsey Global Institute. By 2025, annual consumption in emerging markets will reach $30 trillion—the biggest growth opportunity in the history of capitalism. To compete for the prize, companies must master ten key disciplines. The Industrial Revolution is widely recognized as one of the most important events in economic history. Yet by many

Printed with permission from McKinsey Global Institute. Their behavior since the downturn contrasts sharply with that of their US neighbors. As the country’s economy rebounds, many of these differences will probably persist. Mexican consumers have been hit harder than their US counterparts by the downturn since 2008, but they are more optimistic about their country’s