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A graph from the May 2008 issue of Harvard Business Review tells a story about the dumbing down of the global economy.

From an article, Rebuilding the R&D Engine in Big Pharma [subscription required] the graph shows the total shareholder returns for various industries in two time periods: from 1985 to 2000 and from 2001 to 2007. Here are three of the leading sectors from 1985 to 2000 (average annual shareholder returns are in parentheses):

  • Pharmaceuticals (20.0%)
  • Financials (18.8%)
  • IT (17.4%)

Between 2001 and 2007, three of the leading sectors were:

  • Energy (15.2%)
  • Materials (14.3%)
  • Financials (7.0%)

Continue reading The dumbing down of the global economy

The dumbing down of the global economy originally appeared on BloggingStocks on Mon, 02 Jun 2008 17:34:00 EST. Please see our terms for use of feeds.

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