Word: urbaneness
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Dates: during 2000-2009
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...second I to the so-called BRIC emerging economies of Brazil, Russia, India and China. Just as SBY's second five-year term will draw to a close in 2014 - by which time he has vowed at least 7% economic growth, up from the 4.5% estimated for this year - urban planners fear that traffic in Jakarta will grind to a halt unless its transportation system is overhauled...
...careful, consensus-driven leadership style, delivered one of the G-20's most impressive economic growth rates this year. His anticorruption drive, which landed even his own son's father-in-law in jail, drew plaudits in a country where graft often feels as omnipresent as urban smog. Little more than a decade after Indonesia emerged from dictatorship, SBY's peaceful re-election is proof that the world's most populous Muslim-majority nation can thrive as a stable democracy. (Read "The 2009 TIME 100: Susilo Bambang Yudhoyono...
It’s true that there’s a very powerful Democratic machine in Camden and Newark, and soon-to-be-former Governor Jon Corzine milked urban New Jersey for all it was worth. But helping voters get to the polls, sending out operatives to knock on doors, and readying lawyers to make sure polling places operate smoothly—these machine tactics help you win an election, but they are not fraudulent, and both sides employ them when they...
...whether or not they will buy remains an open, and crucial, question. Even though Chinese are becoming wealthier, they are actually saving a greater percentage of that new wealth. Cornell University economist Eswar Prasad figures that China's average urban household saving rate reached 28% of disposable income in 2008 - 11 percentage points higher than in 1995. As a result, the role consumer spending plays in China's economy continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that...
...household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs to act aggressively to boost rural incomes, by, for example, extending banking systems deeper into the countryside to give farmers better access to credit to start small businesses. MasterCard...