Word: oecd
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...indeed, it was news of the recession that sent stock traders into a frenzy of buying on Friday, there may be more bullish boosts to come in the weeks and months ahead. A new forecast by the Paris-based Organization for Economic Cooperation and Development (OECD) predicts a 0.3% decline of its members' economies next year. That, the OECD forecasts, will be led by a 1% decline in growth in the U.S., a 0.5% contraction in Europe, and 0.1% downturn in Japan. Evidence to back that projection came with Friday's announcement that economic growth across the euro-zone decreased...
...With just 50 million Web users across the continent, as few as 5% of Africans access the Internet, a percentage far lower than in Asia, Europe or the Americas. In only a handful of African countries do more than 1% of the population use broadband services. (Among OECD countries, broadband penetration averages 18%.) And the services that exist don't come cheap. Broadband costs more in sub-Saharan Africa than anywhere else in the world: consumers in the region spent an average of $366 each month for speedier Internet access in 2006, according to the World Bank. Users in India...
...population living below the poverty line in 1996 was 17.1%, according to the government. There was little improvement by July 2008, when 15.4% of the population lived in poverty. "Indonesia's potential is there," says Luiz de Mello, an economist at the Organization for Economic Cooperation and Development (OECD) in Paris, "but they don't deliver...
...Indonesia is heading in the right direction, says the OECD's de Mello. "But what they need to understand is that the world is moving faster." Real progress can come only if there is a national consensus to make economic development a priority. And in the country's fractious political environment, not everyone is willing to take the politically uncomfortable steps to achieve high growth, such as scaling back labor rights and encouraging foreign investment...
...industries of Europe; today Indonesia is a major producer and Nigeria a major importer. Often, donors are scrambling to make up ever bigger shortfalls in ever more desperate circumstances. The World Food Programme says emergency food aid rose from $258.1 million in 1989 to $2.8 billion in 2003. The OECD adds humanitarian disasters are becoming "more frequent, more severe and longer...