Word: gdp
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Dates: during 2000-2009
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...underway before the financial crisis heightened the need to allocate current use of funds efficiently, Dominguez said. Over the last five years, Chile’s economy has been bolstered by a spike in copper prices. As copper accounts for roughly 16.4 percent of the nation’s GDP, according to the Central Bank of Chile, the government was able to accumulate a financial cushion of around $21 billion worth of savings in sovereign wealth funds and a similar amount in central bank reserves, the New York Times reported. Such financial policies allowed Chile to announce a $4 billion...
...Patrick’s catchphrase, “You can’t stop ’em, you can only hope to contain ’em,” could easily describe health-care costs. This year, national health spending will account for over 17 percent of GDP, outpacing all other countries. It has grown twice as fast as GDP since 1975 and shows no signs of letting up. Reversing this unsustainable trend is critical to any health-care plan, since maintaining universal coverage and insurance reform requires lowering costs in the long...
...Government Museum consists of pieces from the past few years. Contemporary Indian artists have begun using archetypal Indian techniques in new and interesting ways. This trend is unsurprising in a nation whose potential growth rate is expected to average 8.4 percent until the year 2020, with a GDP set to surpass that of the United States by 2050. As the nation grows and develops economically, its people are discovering a newfound pride in their heritage. They needn’t look to the West for expressions of their modernized selves but can instead draw from their nation?...
...Europe are gone. The milieu of such parties is evaporating, and that is why even in this economic crisis, social democratic parties are not scoring with more spending, taxes and goodies. Where is the working class in Britain, the first industrialized nation, where manufacturing contributes only 16% to GDP? Or even in Germany...
...Congress is also working through a bill that would deliver an unprecedented $1.5 billion a year of nonmilitary aid. The money will help support Pakistan's deeply neglected education and social sectors. (At the moment, the country only spends 2.5% of its GDP on health and education combined.) Pakistan also faces chronic electricity shortages. On his last visit, Richard Holbrooke, the Obama Administration's envoy to the region, pledged support. But that effort, along with proposals for a gas pipeline from Iran and Chinese-funded nuclear-energy reactors, will not bear fruit for some time...