Forbes, March 5, 2010 The global recession has raised some fundamental questions about the sustainability of export-led growth in Asia, Richard Dobbs, James Manyika, and Jaana Remes note in a column for Forbes. In this environment, sustaining Asia's past growth rates will require broadening the sources of that growth. Asian governments can learn from international experience as they find ways of exiting their fiscal and monetary stimulus programs.
The Washington Post, February 7, 2010 With the unemployment rate in the United States lingering just below 10 percnet, job creation has become the top priority in Washington. As Americans consider various approaches to help boost employment, we must have realistic expectations. We need to debunk some myths about what it takes to stimulate job growth, James Manyika and Byron Auguste write in The Washington Post.
Financial Times, January 27, 2010 Rising leverage is a good indicator of an emerging asset bubble. Writing in the Financial Times, Charles Roxburgh and Susan Lund urge policymakers to develop tools that could identify the next crisis years before it breaks.
BusinessWeek, January 22, 2010 The world is debating the dollar's role as the global reserve currency, but business needs exchange rate stability—and has to push for clarity, Richard Dobbs and David Skilling write in a column for BusinessWeek.
BusinessWeek, November 18, 2009 The steady rise in current account deficits and surpluses among eurozone countries has amplified the effect of the financial crisis in Europe and may dampen the recovery. Unwinding the imbalances over time will be an important, if complex, task for European policy makers, Susan Lund and Charles Roxburgh write in a column for BusinessWeek.
Forbes.com, September 25, 2009 Global capital markets are entering a new era, one in which the forces of growth have shifted, Susan Lund and Charles Roxburgh write in a column for Forbes.com.
BusinessWeek, May 29, 2009 New research from the McKinsey Global Institute tags the ways consumers are changing their behavior during the recession. Here's how companies can respond.
BusinessWeek, September 17, 2008 Beyond bottom-line energy savings, there are seven major categories of opportunity for companies to improve energy efficiency.
Harvard Business Review, September 01, 2008 In order to develop appropriate new rules for the current era, we must begin to think differently about the rapidly evolving financial world, focusing on three key dimensions: activity on a global scale, new private and public actors, and financial activity taking place outside traditional publicly traded and regulated markets, Diana Farrell argues in the Harvard Business Review.
BusinessWeek, July 15, 2008 The past year has seen much financial unrest, but three players—Asian sovereign investors, oil exporters, and private equity firms—have helped stabilize the market.
BusinessWeek, February 05, 2008 Policy makers worldwide need to consider the global and domestic consequences of enormous capital investments from the oil-rich GCC.
Newsweek International, January 19, 2008 The U.S. current account deficit—the broadest measure of the trade gap—could rise from 5 or 6 percent to 9 percent of GDP, or $1.6 trillion, by 2012 as long as foreigners are eager to invest there.
Financial Times, December 05, 2007 New research by McKinsey shows that baby boomers will tighten their grip on America's economic levers over the next few years.
BusinessWeek, November 20, 2007 Despite the credit crunch, private equity isn't fading away. In fact, the industry's assets may double by 2012, Diana Farrell writes in BusinessWeek online.
Newsweek International, October 20, 2007 They are rich, secretive, feared, and poorly understood. Here's the truth about the four hottest players in global markets.
Wall Street Journal, October 4, 2007 In the blizzard of headlines about borrowing by private-equity firms,
rising oil prices and accumulating hoards of cash at Asian central banks,
it's hard to tell if this is part of the same old story of money sloshing
around the globe, or if something big is happening.
BusinessWeek, August 23, 2007 It's easy to blame the weak yuan for the huge U.S. current account deficit, but MGI research finds it's not the real problem.
Financial Times, June 21, 2007 In a comment for the Financial Times, Diana Farrell, director, McKinsey Global Institute, and Ted Halstead, president and CEO, New America Foundation, make the case that a concerted effort to boost energy productivity–or the level of output achieved from the energy consumed–could have spectacular results.
A simple plan to cut energy demand growth and carbon emissions
BusinessWeek, June 07, 2007 Diana Farrell of the McKinsey Global Institute argues a commitment to energy efficiency can help avert a global climate crisis.
BusinessWeek, May 15, 2007 France's new leader should nourish the economy by limiting restrictions, increasing labor market flexibility, and boosting public-sector productivity, Diana Farrell writes.
Business Standard (India), May 07, 2007 India is poised for a dramatic expansion of domestic consumption that will make the country one of the largest consumer markets in the world.
BusinessWeek, May 05, 2007 Is New York losing out to London? McKinsey Global Institute Director Diana Farrell discusses worldwide shifts beyond the trans-Atlantic rivalry.
New York Times, November 29, 2006 The growth rate of worldwide energy consumption could be cut by more than half, according to a report by the McKinsey Global Institute.
BusinessWeek, October 26, 2006 New research highlights the shortcomings of the China and India financial systems and their shared need for rapid reforms.
BusinessWeek, September 22, 2006 The McKinsey Global Institute's Diana Farrell says the country is demonstrating that a competitive market need not conflict with social protection for citizens.
Straits Times, September 15, 2006 For both China and India, financial reforms are much more likely to achieve the social objectives that are currently used to justify the distortion of the financial system by the government. Such reforms should be among their highest priorities.
BusinessWeek, August 09, 2006 Aggressive reform of China's financial system is necessary to promote sustainable growth, according to research by the McKinsey Global Institute.
BusinessWeek, June 29, 2006 Reform of India's financial system would mean better use of capital and the elevation of millions from poverty, McKinsey Global Institute research shows.
Firms advised to court China's nascent middle class
The Wall Street Journal, May 31, 2006 Foreign companies focused on China's most affluent consumers should lower their sights, or risk missing a vast sales opportunity, according to U.S. consultancy McKinsey & Co.
China should stick to trial and error—but risk bolder trials
Financial Times, June 07, 2006 China's strategy for economic growth has three signal features: the gradualism of its move from the planned economy to the market; the country's extraordinary integration into the world economy; and the level and growth of investment.
BusinessWeek, May 08, 2006 Companies that operate in the gray sap economic growth in the developing world, Diana Farrell, director of the McKinsey Global Institute, writes in a new monthly BusinessWeek column. Here's what governments can do about it.
Far Eastern Economic Review, May 01, 2006 China's financial system does an outstanding job of mobilizing savings. But there is considerable room for improvement in its capital allocation, and its overall efficiency.
BusinessWeek, March 22, 2006 Diana Farrell of the McKinsey Global Institute takes a close look at the workforce in China and India and says U.S. workers have little to fear.
Finance and Development In exploring the debate over how best to rekindle the economies of Europe and Japan, MGI's conclusion is that the key to boosting productivity and thus growth is a policy framework promoting competition in all sectors.
The Economist Voice, March 01, 2006 While fears of job losses and wage cuts in the U.S. caused by offshoring are vastly overstated, U.S. policy makers should not ignore its consequences, McKinsey Global Institute director Diana Farrell argues.
The Asian Wall Street Journal, November 30, 2005 The emphasis on boosting offshore services risks overlooking a far larger, though less fashionable, opportunity for Asian nations – that of stimulating their domestic-services sector.
South China Morning Post, October 19, 2005 With its huge supply of low-cost workers, China has fast become the world’s manufacturing workshop. Is China set to become a giant in offshore information technology and business-process services as well?
Financial Times, October 18, 2005 Fear of change and discontent has influenced voters throughout Europe. The irony is that for Europe to preserve its way of life, it must embrace change and reform.
Newsweek, July 25, 2005 Yes, some engineering jobs and data centers have moved to India and China. More will go. But the process isn't endless and can be exaggerated.
The McKinsey Global Institute just published a study of how both Germany and France have suffered compared with the United States by trying to put up walls against outsourcing and offshoring.
In spite of offshoring, U.S. students can still engineer a career
The Wall Street Journal, June 16, 2005 By 2008, more than half the jobs in engineering could be done anywhere in the world, according to an intriguing new analysis of global outsourcing by McKinsey Global Institute, McKinsey's in-house think tank. Many of them will, in fact, be done in India, China, and other low-wage countries.
Anxiety over offshoring of service jobs seen as overblown
Financial Times, June 16, 2005 A report by the McKinsey Global Institute concludes unemployment fears in richer countries are misplaced and services sector will follow trend in manufacturing only to a limited extent.
Far Eastern Economic Review, April 01, 2005 Over the next 20 years, the financial wealth of Japanese households will stop growing and begin to decline, leaving them with $8 trillion less than they would have had if historical growth rates persisted, according to the McKinsey Global Institute.
The Wall Street Journal, April 04, 2005 In a recent paper, analysts at McKinsey & Company concluded that record U.S. trade deficits aren't as threatening as they appear, because they are being driven in part by increasingly profitable U.S. companies, producing in places like China, Mexico, and India, and shipping their goods and services back to the U.S.
Financial Times, February 10, 2005 The declining value of the U.S. dollar was supposed to restore balance to global trade, discounting U.S. exports while making imports prohibitively expensive. But record deficit numbers have created a stir of concern. The deficit numbers should be a surprise. Nor should they prompt a protectionist response.
Harvard Business Review, December 01, 2004 Beyond Offshoring: Assess Your Company's Global Potential builds on McKinsey Global Institute Research and argues that offshoring is just the tip of the iceberg in terms of how globalization can transform industries.
Please note: To access the full article visitors will need to register at the Harvard Business Review and pay a fee.
The Asian Wall Street Journal, October 18, 2004 Research by the McKinsey Global Institute has put a spotlight on one of the biggest and most misunderstood barriers to economic growth: the vast agglomeration of businesses that evade taxes and ignore regulations, often referred to as the "informal economy."
The Wall Street Journal, August 23, 2004 Is the outsourcing of service jobs to low-wage nations draining the economies of rich countries, as many politicians fear, or can countries on both sides of the equation benefit, as economists like to claim?
The Washington Times, July 13, 2004 With high tax rates besieging workers and companies alike, rampant smuggling and tax evasion has become the norm in Brazil.
Financial Times, May 25, 2004 The Congress party's surprise election victory in India this month was a clear message that economic growth must benefit all sections of society. But the new leaders must not step back from reforms if they want India to grow.
The International Economy MGI's latest research shows that foreign direct investment is good for the economic health of developing nations - regardless of the policy regime, industry, or time period surveyed.
International Herald Tribune, February 07, 2004 Business process offshoring does not mean the U.S. economy loses every time a job is sent to another economy. Rather, it's a win-win game. McKinsey Global Institute analysis shows that the U.S. actually reaps significant economic benefits from offshoring that can be used to retrain workers for higher-skilled and higher-paying jobs.
Financial Times, December 10, 2003 In the 1990s, when companies were investing like crazy in information technology, many economists remained skeptical about the link between IT and business productivity. Yet now that there is broad consensus that targeted technological innovation is in fact driving a productivity revival in the U.S. economy, many business leaders appear to have lost faith.
Harvard Business Review, December 01, 2003 The Real New Economy builds on McKinsey Global Institute research by assessing what makes IT enhancements pay off in productivity gains and looking at three sectors in detail – retail banking, retail trade, and semiconductors. (Please note: To access the full article visitors will need to register at the Harvard Business Review and pay a fee).
Financial Times, October 15, 2003 Typical incentives such as tax breaks and other policies used to attract foreign direct investment in developing countries often do more harm than good, according to a new study by the McKinsey Global Institute on multinational corporation investment in the developing world. The study is based on case studies in China, Brazil, India and Mexico.
