Word: economyã
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...been a prohibitively heavy debt load manageable for the 5.5 million low- and middle-income students receiving Stafford loans. Opponents of the bill have argued that providing blanket subsidies for college admission, without stipulation that the education received would be put toward bolstering America’s knowledge-based economy??€”through, say, the study of science or engineering—is a waste of money. To them, the ultimate $5.8 billion price tag for this bill is too high, even though it was pared from $45 billion in earlier versions of the proposal. Opening the halls of higher...
...Paris, Tokyo, Hong Kong, and Silicon Valley, Calif. Harvard’s heightened focus on India comes as the world’s second most populous country experiences rapid growth. Its real gross domestic product—a common measure of the size of a country’s economy??€”expanded at a 7.6 percent rate last year. And last quarter, India’s economy exceeded expectations, registering a blazing 8.9 percent growth rate. “India is a country where there’s a great deal of management innovation going on, so it?...
Technology, properly distributed, is a great equalizer as well: it gives little guys with big ideas a chance to compete against big guys with little ideas. It can bring the third world into the global economy??€”once an Internet connection is available, voice over Internet Protocol makes it possible for real time collaboration even if one party is in Tijuana and the other in Tanzania, at essentially no additional cost. Lest this devolve into feel-good boosterism, it’s worth noting technology can be used to further less noble goals as well—as soon...
...give up on reform in Russia—by tacitly consenting to the oppression of NGOs—now. Western citizens should press their governments to cease ignoring Russia’s human rights abuse. Human rights issues cannot be ignored for the sake of global security and economy??€”especially because they are closely related to both. Russian civil society can survive without international financial support, but not without political support. The work carried out by NGOs may be, after all, the most important means of developing the rule of law in Russia. Both authors are fellows...
Summers, speaking at the World Economic Forum, said the emergence of a U.S. economy dependent on imports—and, conversely, the rise of an export-based world economy??€”will require modification in order to avert a significant economic disruption...