Word: sectoral
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This should be a golden time for Bangladesh, with its GDP surging by almost 7% last year, fueled by strong foreign investment, buoyant exports and a resurgent agricultural sector. But Bangladesh's leaders rarely miss an opportunity to sabotage their country's fortunes. In the run-up to elections planned for Jan. 22, long-standing political tensions erupted again, pushing the nation to the brink of chaos. Opposing political activists fought one another and police and soldiers for months, leaving at least 45 dead and hundreds injured. On Jan. 11, President Iajuddin Ahmed, presumably with the backing of the army...
...Fund for Public Schools The Fund for Public Schools is the non-profit organization affiliated with the New York City Department of Education (DOE). The Fund plays a pivotal role in improving public education in New York City by strengthening the DOE's relationship with the private sector and supporting system-wide reforms. Working with the DOE's Office of Strategic Partnerships, the Fund secures critical funding for education reform initiatives; helps businesses create partnerships and programs to support city schools; and reaches out to the entire city to create awareness about the needs of the public schools. For more...
...foreign direct investment figure for China (although the two count investment in different ways), and wants to close the gap as rapidly as possible. Early last year, the Congress-led government passed a new SEZ law designed to speed up India's economy, in particular its manufacturing sector, by offering further incentives to prospective investors. Since then, hundreds of companies have applied to set up SEZs, with the government so far approving more than...
...imported goods, which has been a critical driver of the world's economic expansion. For example, while China's imports are way up, those gains are due less to a free-spending middle class than to increasing demand for raw materials and components to feed the country's manufacturing sector, which turns the material into finished products to ship to the U.S. "If you just look at the numbers, it looks like Asia's exports to China are larger than they are to the U.S.," says Rob Subbaraman, senior Asia economist for Lehman Brothers in Hong Kong. "But people aren...
During the lifetimes of most Harvard undergraduates, Richard A. Musgrave—a founder of modern public sector economics—was in retirement.Musgrave, who died Monday at age 96, also came from an era preceding current economics faculty. But his ideas about the state’s role in the economy left a lasting impact felt by Harvard faculty and alums today.Having taught public finance at Harvard for about two decades, Musgrave had been an emeritus professor since 1981.“The training I received well after he had retired was different because he was around...