Word: landing
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Dates: during 2000-2009
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...increase had fallen to 2% or less. At the same time, demand for food increased. As consumers in high-growth giants such as China and India became wealthier, they began eating more meat, so grain once used for human consumption got diverted to beef up livestock. Making matters worse, land and resources also got reallocated to produce biofuels. Once voluminous reserves of grain evaporated; this year, they are at the lowest levels since the mid-1970s. By early 2008, panicked buying by importing countries and restrictions slapped on grain exports by some big producers helped drive prices up to heights...
...that the farms hadn't yet joined in India's economic boom. While GDP grew on average 5.7% a year between the launch of India's market reforms in 1991 and 2004, agriculture slumped along at just 2.9%. Indian farming had also become miserably inefficient. Each hectare of cultivated land in India produces half that grown in Thailand. "The government thought that after liberalization, agriculture would grow automatically, that money would go from industry" to the farms, says Shreenivas Khandewale, director of the R.S. Ruikar Institute of Labor and Socio-Cultural Studies in Nagpur. "But it didn't come...
...year to more than $8 billion - making it the largest social-welfare program in the budget - while funding for Bharat Nirman was boosted by 45%. "It was very clear to us that if you want inclusive growth, it is going to require a significant increase in the productivity of land," says Montek Singh Ahluwalia, deputy chairman of India's Planning Commission in New Delhi...
...Levitt and Dubner are about to land in the middle of this maelstrom with a new book, Superfreakonomics. It's very good - jauntier and more assured than their first. But is the world ready for freakonomics again? Or, to put it another way, can the freakonomists restore our shaken faith in economics...
...This is like the land of opportunity for these freshmen, because they’re all getting an opportunity to play right off the bat,” Stone said. “And with that comes a lot of responsibility, and I think they felt it pretty heavy last weekend. Hopefully they can just go out there and play light and let their instincts take over...