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Dates: during 2000-2009
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...Some overseas firms insist that China is simply repeating an economic development strategy that has propelled the country's rapid progress in many other manufacturing sectors. The country has been able to use the lure of huge potential markets to entice foreign companies to hand over technology and know-how in exchange for lucrative deals, later using that knowledge to produce competitive products cheaper than those of overseas originators. Foreign companies built the generators for the first stage of the massive Three Gorges hydroelectric dam, but the generator contracts required the foreign makers to transfer technology to Chinese partners...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

...which he was taking aim - gross domestic product - was never intended to gauge anything other than how much money was changing hands. Yet we routinely use economic growth as shorthand for how well a country is doing. If we're going to use a metric to track our progress, shouldn't we choose something that measures the things we care about? (See pictures of President Sarkozy...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

...overreliance on GDP is not just misleading, it's harmful. Focusing on economic growth blinds policymakers to other measures of progress. "If a policy is going to hurt GDP then it's difficult for that policy to survive," says Jon Hall, who is overseeing a search for better measures of progress by the OECD...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

...another lesson on how misleading the current figure can be. The numbers that caused so much shock were a better reflection of the country's long-range economic health. It might take time before we find a replacement for GDP. Until then, there's little point in marking our progress against something that's so clearly wrong...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

...counselor appointed by the Jai Ho Trust, which was established by filmmakers Danny Boyle and Christian Colson to provide shelter, education and health care support for the two young stars of their award-winning movie. Lade visits the school three times a week to check on the children's progress, and she says that for the past six months, their attendance has been steadily dipping. "Rubina has 28% attendance, while Azhar has 37%. They didn't even sit for their last examination," Lade says. (See pictures of Slumdog director Danny Boyle...

Author: /time Magazine | Title: Has Fame Spoiled the Slumdog Millionaire Kids? | 11/2/2009 | See Source »

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