Word: gdp
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When I visited China for the first time two years ago, I went with high expectations. China was constantly touted as the new giant of the 21st century, a country at the center of globalization and development with GDP per capita growing at an unprecedented eight percent per year. I expected to see a country in its economic peak, a country different from the one my parents experienced, one not crippled by war, famine, or the outrageous social agendas of the Cultural Revolution. But in the end, it wasn’t growth that left the deepest impression...
...Nicholas Stern, a respected economist, for the British government, notes that the negative impacts of climate change will be borne disproportionately by the world’s poorest people. Even if, as the report suggests, the cost of global warming will amount to 5-14 percent of global GDP, it is hard for Americans to fixate even briefly on the environment when the recent mortgage market collapse threatens a far more severe and dispersed economic impact...
While PIS leaders are avowedly Euro-skeptic, Polish public opinion remains staunchly pro-European (not surprising, perhaps, given the $6 billion in subsidies Poles receive from the E.U. each year). Moreover, whatever the rhetoric about the dangers of capitalism, Poland's economy is booming, with gdp growth topping 6% last year, and unemployment finally beginning to fall. In time, economic growth, if it continues, may take the edge off the fear-based politics that has taken hold in Poland. Back in Ozarow, Grazyna Bialowas admits that since her beloved factory closed, the town has actually improved, with a Best Western...
...diplomatic and economic leverage to "stand up" to the regime, his appeal was largely ignored. Many countries acted as if they agreed with Burma's self-serving claim that the crackdown was simply an "internal matter." Notwithstanding the U.S.'s $500 billion military budget and $13 trillion GDP, its summoning power has dwindled...
...only it could afford the basket. It was once the industrial engine of the Korean peninsula, but decades of disastrous central planning have left its infrastructure in a state of advanced decrepitude and its citizens in de facto peonage. The U.S. government estimates the North's per capita GDP to be about $1,800, roughly the same as Zimbabwe's. Per capita exports are about $60 a year--less than 1% of South Korea's. Aside from fishing, mining and cement production, the North has only a hodgepodge of functional industries, including, weirdly enough, its animation studios, which have been...