Word: gdp
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Dates: during 2000-2009
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...also relieve the population burden in metro Manila by shifting certain businesses and government offices to areas outside the dense capital region. But the challenge facing the Philippines and other poor Asian countries is one of resources. Most Southeast Asia nations budget around 2% or 3% of their GDP for infrastructure development. To fend off such disasters in the future, Jain says that figure ought to be closer to 5% or 6%. It's a deficit that few governments can afford to make up overnight...
...While Germany's economy grew 0.3% in the second quarter of this year, it will still be a slow climb out of recession. Unemployment is set to rise next year once government subsidized short-term labor contracts are phased out. The budget deficit is expected to pass 6% of GDP in 2010, thanks mostly to a dip in tax revenues. Some economists say the center-right government will be penned in. "There's no room for maneuver on tax cuts," says Professor Henrik Enderlein, from Berlin's Hertie School of Governance. "On the contrary, Merkel's new center-right government...
...China's problem is that the recent state-directed deluge of bank lending has resulted in a recovery in GDP growth but the money is not filtering down to the SME sector. Loans are going mainly to politically connected state-owned enterprises, which now comprise just 40% of the economy and create only a quarter of jobs. It's an entrenched situation that dates back to the days of economic central planning, and something that China's communist rulers do not seem to have the political gumption - or indeed the desire - to change. (Watch a video about China?s knockoff...
...European Union and the U.N. have recommended against, but the data suggest that most parents, especially those in the U.S., still spank their kids. On the basis of his international data, collected by surveying more than 17,000 college students in various countries, Straus found that countries with higher GDP tended to be those where corporal punishment was used less often. In the U.S., the tendency to hit also varies with income, along with geography and culture; it's most common among African-American families, Southern families, parents who were spanked as children themselves and those who identify themselves...
...Assembly in New York City, Hu made a widely anticipated speech on climate change, finely calibrated for diplomatic effect. He was nothing if not cautious, saying - accurately - that China was in the process of increasing its energy efficiency, reducing the amount of energy required to produce a unit of GDP. Indeed, China's energy efficiency has improved in each of the past two years, a trend likely to continue, because a huge surge in investment in energy-intensive industries like steel and cement in the early part of this decade has run its course. New housing developments all over...