Word: gdp
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...Although China is the world's second largest exporter, the country is not as dependant upon overseas trade as some. Exports accounted for 36.8% of China's GDP in 2006, compared with 43.2% in South Korea. But China may be unusually vulnerable to weaker international demand because the country has in recent years built too many new factories. With investment capital readily available and China's economy roaring ahead at double-digit growth rates, heavy industry expanded massively. The value of China's steel exports, for example, jumped tenfold between 2003 and 2007, from $5 billion to $50 billion...
...years because the global economy has been on a tear. The 2004-07 period saw the second strongest bout of global growth on record - which translated into strong demand for cheap Chinese-made products. But this era may be ending. Most economists are predicting a significant slowdown in worldwide GDP growth in 2008. This slowdown, predicts Lehman Brothers economist Sun Ming-chun, will prove to be the "unmasking of [manufacturing] overcapacity in China." Says Li of the Asia Footwear Association: "The cake is only so big, and when you have too many people trying to eat it, you will definitely...
Precious Hope In the real Botswana, Minghella already had a good approximation of McCall Smith's red-dust Eden. This country of 1.8 million is one of Africa's success stories. Since independence in 1966, it has maintained a robust growth rate, and per-capita gdp reached a comparatively healthy $11,000 in 2006. Botswana's diamond wealth has fomented no coups or conflict, and the last assassination was in the 1960s when a tribal chief's brother shot his older sibling. Population growth is under control, and the country's schools, and its green tourism in the Okavango Delta...
...wanting to come off as unhappy. If he asked me the same question today, I probably still wouldn't be able to say, but reading about Weiner's travels and travails has led me to at least one important conclusion. I may not know the exact combination of GDP, proximity to clean water and availability of fresh fruit that translates into happiness for 77.3% of humanity, but I have realized that it's not such a terrible thing to be still trying to work out my own formula...
...Europe plagued with chronic budget deficits, the administration also run a healthy budget surplus in years of strong economic expansion. According to official finance ministry data, in 2007 the fiscal surplus was the second only to Finland in Europe, totaling over 23 billion euros or 2.3 percent of GDP. In fact, the government grew the surplus over 30 percent in the last year, which was the third consecutive without red on the balance sheet...