Word: output
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...time when disparities of income are growing, trade offers the best way in which poor countries can tap into the opportunities of the global economy. The World Bank estimates that expanding world trade could lift annual global output by 0.5% a year, lifting 300 million people out of poverty by 2015. Over the past 30 years, economies that have put trade at the the forefront of their policies--such as Taiwan and Singapore--have grown much faster than those in Latin America and Africa that once tried to shelter behind tariff walls. Robert Zoellick, the U.S. Trade Representative, recently said...
...come to this, that an institution revered for the quality of its output, a global role model for public-service broadcasting, the backbone and guardian of British life, "monolithic and ingrained into our culture," in Greenslade's words, should suddenly seem so vulnerable? One source of the Corporation's problems can be found back in Walford: 9 million saw Jane tackle Ian's crazed captor - far shy of EastEnders' record episode in 1986, when over 30 million watched nothing more dramatic than the marital breakdown of a pub owner and his barmaid wife...
...Back then, viewers had only four channels to choose from, all terrestrial, and all required to include some content intended to benefit society: BBC1, the home of EastEnders and the rest of the BBC's most popular output; the more esoteric BBC2; the commercial network ITV; and Channel 4, then only four years old and set up to break the duopoly of the BBC and ITV. The greatest challenge to EastEnders' popularity came in the proletarian form of ITV's long-running soap Coronation Street...
...stay in the forefront of changes in the wider media environment has driven its growth. The Corporation ballooned in the 1990s, adding staff (numbers peaked at more than 27,000 in 2004; they now stand at 23,000 before the new cuts take effect) and diversifying its operations and output. In came the rolling news service BBC News 24 along with a commercial arm, BBC Worldwide. The drive for ratings intensified...
...Whether or not these cuts deliver the improvements Byford envisages, the spectacle of the BBC targeting such core services and preserving frothier output fuels concerns that it has lost its reason for being. Richard D. North, author of a 2007 book called Scrap the BBC!, calls the broadcaster a "grotesque monopoly" and advocates its privatization. "Broadcasting now needs no more control or support than the print media," he says...