Word: gdp
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Dates: during 2000-2009
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Aside from inflated drug and guerrilla violence, another specter is unrest resulting from Mexico's deflated economy. Given its enormous reliance on the U.S. market - and on remittances from Mexican workers there, which have declined sharply this year - the global recession has hit Mexico especially hard. Its GDP, in fact, will contract more than 5% in 2009, exacerbating unemployment as well as Mexico's chronic poverty. A report this year by the Colegio de Mexico, one of the country's top universities, warned, "A national social explosion is knocking at the door." Said top Roman Catholic Bishop Gustavo Rodriguez...
...Makes Societies Stronger, published in the U.S. on Dec. 22, they present data suggesting that almost every indicator of social health in wealthy societies is related to its level of economic equality. (See the data here). Comparing statistics between developed economies and within the U.S., Wilkinson and Pickett argue GDP and overall wealth matter little to wealthy societies. Rather, it is the gap between the rich and poor that is telling. They spoke to TIME about what they believe are revolutionary findings...
...emphasis on GDP growth misleading? RW: Increases in income and economic growth are important in poorer countries where food, shelter and clean water are important. But when it's a matter of getting more cars per household or higher-quality electronics, it doesn't translate to well-being...
...heads the auto practice at PricewaterhouseCoopers in Chennai. Currently, the auto sector accounts less than 1% of India's gross domestic product, says Majeed, compared with 3.5% in China and 4.5% for the world as a whole. Economists say the automaking could account for 10% of India's GDP...
...First, GDP goes up. That's happened," he said. "Then hours that are worked by workers who already have jobs go up. That's starting to happen... Then unemployment starts to come down...