Word: capita
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They are determined to get on with their lives, to make up for lost time since the communists took over and dumped Vietnam at the bottom of Asia's economic league. Vietnam's per capita gross national product is a paltry $350 a year, according to the World Bank, compared with $510 for sub-Saharan Africa. In February, Le Kha Phieu, the 68-year-old Communist Party chief who runs the country, lashed out at "imperialist forces [who] have expanded the world market everywhere for maximum profit." Such rhetoric flies over the heads of the younger generation. Its members...
...nothing of the legal and business background, that sped Europe's regeneration. By the late 1990s, the debt of these countries had reached absurd proportions. Today, for instance, every man, woman and child in Guinea-Bissau owes global lenders $964--a problem for a nation where per capita income is $160 a year. At last year's G-8 economic summit in Germany, the world's richest countries adopted a plan to help bail out these nations. They will return to the issue at this week's summit in Okinawa...
...possibility of profitably selling their AIDS therapies in Africa at discounts of up to 90 percent - inadvertently telegraphing the size of the profit margin in the prices they charge in the U.S. - but even then, a year of cocktail treatments would still cost about four times the per capita income of the worst-hit countries. Asking Africa to increase its debt burden to finance the purchases may quite simply be untenable - indeed, the U.S. Export-Import bank, which is financing the program, has had to go into negotiations with the IMF because a number of the would-be recipient countries...
...bringing their own entrepreneurial stamp to America's high-tech frontiers. Venture-capital fund Kleiner Perkins Caufield & Byers, one of Silicon Valley's biggest VC firms, says 40% of its portfolio consists of companies founded or managed by people of Indian origin. Indians have one of the highest per capita incomes of any immigrant group in the U.S. "It is a credit to this country that someone from a distant land can become an American," says Suhas Patil, founder and chairman emeritus of semiconductor manufacturer Cirrus Logic (1999 revenues: $564 million), who is now running an incubator company called Tufan...
Bill Bradley, in his laconic way, would have had a field day with this one. In a new study of worldwide "healthy life expectancy" rates released Sunday, the World Health Organization said the U.S. ranked 24th, despite spending more on health per capita than any other nation. The United States "stands out as not doing as well as they should be," Chris Murray, director of the U.N. agency's global program on evidence for health policy, told the Associated Press. The culprit? Just what you'd expect from in a country that eschews socialized medicine: Its health care...