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  • All HBS Web  (3,833)
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  • All HBS Web  (3,833)
    • People  (13)
    • News  (1,021)
    • Research  (2,295)
    • Events  (9)
    • Multimedia  (7)
  • Faculty Publications  (1,018)
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  • 2024
  • Working Paper

Long-run Returns to Impact Investing in Emerging Markets and Developing Economies

By: Shawn Cole, Martin Melecky, Florian Mölders and Tristan Reed
We provide the first evidence on the long-run returns to private equity in emerging and frontier markets using the cash flows from every equity investment made by the International Finance Corporation across 130 countries over 58 years. Risk-adjusted returns are... View Details
Keywords: Impact Investing; Investment; Emerging Markets; Developing Countries and Economies; Investment Return
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Cole, Shawn, Martin Melecky, Florian Mölders, and Tristan Reed. "Long-Run Returns to Private Equity in Emerging Markets." Harvard Business School Working Paper, No. 21-138, June 2021. (Revised September 2024. NBER Working Paper Series, No. 27870, September 2024)
  • 27 Dec 2010
  • Research & Ideas

HBS Faculty on 2010’s Biggest Business Developments

scenarios in Europe have already made clear, the United States will ultimately suffer the same fate as all countries that spend way beyond their means. Rosabeth Moss Kanter, Ernest L. Arbuckle Professor of Business Administration In many... View Details
Keywords: by Staff
  • 21 Aug 2012
  • Working Paper Summaries

Children Develop a Veil of Fairness

Keywords: by A. Shaw, N. Montinari, M. Piovesan, K.R. Olson, F. Gino & M.I. Norton

    Fiscal Development Under Sovereign and Colonial Rule

    Dominant theories of state formation and nation-building lean heavily on the classic European tale of the simultaneous development of a ‘fiscal state’ and a ‘nation state’. However, this Euro-centered narrative does not factor in that more than two-thirds of the... View Details

    • August 2008
    • Article

    From Clusters to Cluster-Based Economic Development

    By: Christian H.M. Ketels and Olga Memedovic
    Over the last decades, changes in the global economy and the emergence of Global Value Chains (GVCs) have raised the interest in understanding the specific conditions and cross-company interactions within and across locations. For companies, the need to choose the... View Details
    Keywords: Development Economics; Economy; Value; Business Strategy; Competition; Performance Productivity; Cost; Natural Environment; Policy; Business and Stakeholder Relations; Framework; Industry Clusters
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    Ketels, Christian H.M., and Olga Memedovic. "From Clusters to Cluster-Based Economic Development." Special Issue on Global Value Chains and Innovation Networks: Prospects for Industrial Upgrading in Developing Countries. Part 1. International Journal of Technological Learning, Innovation, and Development 1, no. 3 (August 2008).
    • June 2012
    • Class Lecture

    Why You're Not Buying Venezuelan Chocolate: The Provenance Paradox

    By: Rohit Deshpandé
    A product's country of origin establishes its authenticity. This is the provenance paradox. Consumers associate certain geographies with the best products: French wine, Italian sports cars, Swiss watches. Competing products from other countries - especially developing... View Details
    Keywords: Global Business; Branding; Strategic Planning; Strategic Positioning; Emergent Countries; Consumer Perception; Developing Markets; Brands and Branding; Geographic Location; Globalized Markets and Industries; Perception; Emerging Markets; Product Positioning; Global Strategy; Marketing Strategy; Food and Beverage Industry; Venezuela
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    Deshpandé, Rohit. "Why You're Not Buying Venezuelan Chocolate: The Provenance Paradox ." Harvard Business School Class Lecture 512-703, June 2012.
    • March 2021 (Revised May 2021)
    • Case

    ALDDN: Advancing Local Dairy Development in Nigeria

    By: Meg Rithmire and Debora L. Spar
    In 2020, Ndidi Nwuneli, founder and CEO of Sahel Consulting in Nigeria, faced a thorny set of problems. Her firm partnered with the Bill and Melinda Gates Foundation in a large project to develop the local dairy industry as a way to facilitate equitable growth and... View Details
    Keywords: Animal-Based Agribusiness; Food; Rural Scope; Growth and Development; Nonprofit Organizations; Globalized Markets and Industries; Business and Government Relations; Equality and Inequality; Food and Beverage Industry; Consulting Industry; Nigeria
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    Rithmire, Meg, and Debora L. Spar. "ALDDN: Advancing Local Dairy Development in Nigeria." Harvard Business School Case 721-026, March 2021. (Revised May 2021.)
    • October 2001 (Revised March 2006)
    • Case

    Chad-Cameroon Petroleum Development and Pipeline Project (A), The

    By: Benjamin C. Esty and Carrie Ferman
    On June 6, 2000, the World Bank's and IFC's board of directors was scheduled to vote on whether to approve funding for the $4 billion Chad-Cameroon Petroleum Development and Pipeline project. Although the project presented a unique opportunity to alleviate poverty in... View Details
    Keywords: Risk Management; Negotiation; Ethics; Social Issues; Economic Sectors; Investment; Cost vs Benefits; Project Finance; Developing Countries and Economies; Corporate Finance; Mining Industry; Chad; Cameroon
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    Esty, Benjamin C., and Carrie Ferman. "Chad-Cameroon Petroleum Development and Pipeline Project (A), The." Harvard Business School Case 202-010, October 2001. (Revised March 2006.)
    • 2006
    • Chapter

    Competitiveness in Developing Economies: The Role of Clusters and Cross-Cutting Policies

    By: Christian H.M. Ketels
    Competitiveness is high up on the policy agenda for countries around the world and at all stages of development. But while there is little disagreement that countries need to "upgrade their competitiveness"—even more so as the level of globalization is increasing—there... View Details
    Keywords: Developing Countries and Economies; Framework; Globalization; Policy; Growth and Development; Industry Clusters; Competitive Strategy
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    Ketels, Christian H.M. "Competitiveness in Developing Economies: The Role of Clusters and Cross-Cutting Policies." In Nurturing the Sources of Growth in Tanzania -- Workshop Proceedings. Dar-es-Salam: Tanzania Ministry of Planning, Economy, and Empowerment, 2006.
    • April 1979 (Revised April 1986)
    • Case

    Mexico: Development Strategies and Performance

    By: James E. Austin
    Keywords: Developing Countries and Economies; Growth and Development Strategy; Mexico
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    Austin, James E. "Mexico: Development Strategies and Performance." Harvard Business School Case 379-173, April 1979. (Revised April 1986.)
    • 14 Sep 2021
    • Blog Post

    How to Support Your Employees’ Career Development

    to move from a level one manager to a level two. With that in mind, you could start developing those skills and demonstrating them. Some organizations also make it a point to communicate to employees that they need to be operating at the... View Details
    Keywords: All Industries
    • 19 Jul 2021
    • News

    Developing Quality Conversations About Diversity, Equity and Inclusion

    • June 2012 (Revised August 2014)
    • Supplement

    Foreign Direct Investment and South Africa (B)

    By: Eric Werker and Ian McKown Cornell
    Incoming and outgoing foreign direct investment in an environment of politics, geography, globalization, and history. Updates the 2006 case to 2012. The subsequent six years only reinforce the message of the original case. Since the end of apartheid, South Africa had... View Details
    Keywords: Global Business; Developing Countries; Business Government Relations; Economic Growth; Foreign Direct Investment; Globalized Markets and Industries; Developing Countries and Economies; Business and Government Relations; South Africa
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    Werker, Eric, and Ian McKown Cornell. "Foreign Direct Investment and South Africa (B) ." Harvard Business School Supplement 712-054, June 2012. (Revised August 2014.)
    • Teaching Interest

    Contemporary Developing Countries: Entrepreneurial Solutions to Intractable Problems

    By: Tarun Khanna

    What problems do developing countries face, and how can individuals contribute to solutions rather than awaiting the largesse of the state or other actors? Intractable problems – such as lack of access to education and healthcare, forced reliance on contaminated... View Details

    • March 1999 (Revised March 2000)
    • Case

    Cross Country Group, The: A Piece of the Rock (A)

    By: Robert L. Simons and Indra Reinbergs
    A new MBA graduate joins a privately held family business and sets ambitious growth goals for the next five years. To enhance motivation, he proposes a new incentive plan that will grant him a share of the wealth he creates. However, the family owners have a more... View Details
    Keywords: Family Business; Decisions; Motivation and Incentives; Business Strategy; Performance Efficiency; Risk and Uncertainty; Growth and Development; Planning; Accounting Industry; Employment Industry
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    Simons, Robert L., and Indra Reinbergs. "Cross Country Group, The: A Piece of the Rock (A)." Harvard Business School Case 199-044, March 1999. (Revised March 2000.)
    • 09 Jan 2022
    • News

    The Varied Ideologies—and Practices—of Socialist Nations in the Developing World

    • November, 2022
    • Article

    Role of Context in Knowledge Flows: Host Country versus Headquarters as Sources of MNC Subsidiary Knowledge Inheritance

    By: Mike Horia Teodorescu, Prithwiraj Choudhury and Tarun Khanna
    We respond to calls in the strategy and international business literature for elucidating how multinational subsidiaries develop contextual intelligence in host countries and how they use the local context as a source of valuable opportunities for learning. Applying... View Details
    Keywords: MNCs; Knowledge Flows; Innovation; Gravity Model; Absorptive Capacity; Multinational Firms and Management; Business Subsidiaries; Knowledge Management; Business Headquarters; Innovation and Invention
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    Teodorescu, Mike Horia, Prithwiraj Choudhury, and Tarun Khanna. "Role of Context in Knowledge Flows: Host Country versus Headquarters as Sources of MNC Subsidiary Knowledge Inheritance." Special Issue on Decade Celebration Special Issue II. Global Strategy Journal 12, no. 4 (November, 2022): 658–678.
    • March 2011
    • Case

    Uganda: The Constitution of Development

    By: Catherine S. M. Duggan and Alexander Roehrkasse
    Keywords: Developing Countries and Economies; Public Administration Industry; Uganda
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    Duggan, Catherine S. M., and Alexander Roehrkasse. "Uganda: The Constitution of Development." Harvard Business School Case 711-052, March 2011.

      The Comingled Code: Open Source and Economic Development

      Discussions of the economic impact of open source software often generate more heat than light. Advocates passionately assert the benefits of open source while critics decry its effects. Missing from the debate is rigorous economic analysis and systematic economic... View Details

      • 2010
      • Book

      The Comingled Code: Open Source and Economic Development

      By: Josh Lerner and Mark Schankerman
      Discussions of the economic impact of open source software often generate more heat than light. Advocates passionately assert the benefits of open source, while critics decry its effects. Missing from the debate is rigorous economic analysis and systematic... View Details
      Keywords: Development Economics; Economic Growth; Policy; Government and Politics; Open Source Distribution; Software
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      Lerner, Josh, and Mark Schankerman. The Comingled Code: Open Source and Economic Development. MIT Press, 2010.
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