Word: demand
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...impact on global trade: "Falling demand in advanced economies has had serious implications for global trade, with 2009 expected to experience the first yearly decline in world trade volumes since 1982, the largest decline in 80 years...
...effects of declining commodity prices on the developing world: "Many LICs [low-income countries] rely disproportionately on revenue from commodity exports, the prices of which have declined sharply along with global demand ... During the second half of 2008, non-energy commodity prices plunged 38 percent, with most indices ending the year well below where they started...
...world out of this quagmire. That might be the only bright part in this otherwise sobering assessment - the Bank says there is "growing recognition" of the steps that need to be taken. Chief among those is the need to restore confidence in the financial system and the demand for foreign trade. Most stimulus packages are designed to meet these two needs. More difficult to swallow might be the recommendation to up the "quantity and quality" of direct aid to developing countries, an area of the budget many countries are already slashing. The report makes it clear that developing countries...
With esteemed Harvard economics professor Gregory Mankiw seated two seats to the right of the players on the Crimson women’s basketball bench, grinning with nervous anticipation, a win against Brown Friday night was surely in high demand. Though the Bears (3-25, 1-13 Ivy) have an unfavorable record this season, Harvard (19-8, 11-2) did not pull safely ahead until late in the second half in this fast-paced duel, defeating Brown 81-57. Friday’s victory was a much needed “W” and kept the team...
...they have said publicly, Sgarbi's victims were apparently tricked in similar ways. Once a relationship was established, he would feign an emergency and then ask for help. Susanne Klatten, for example, was presented with a wild story of a car accident in the U.S., followed by a mafia demand that Sgarbi pay compensation to the parents of a child that had been hurt. Business colleagues and German reporters have described Klatten as normally skeptical and the possessor of a highly analytical mind. Nevertheless, she handed over $8.84 million in cash in the underground parking lot of the Munich Holiday...