Word: gdp
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...rebirth to AKP policies and, in particular, the party's economic management. After a financial crisis in 2001 caused Turkey's currency to lose half its value, the country introduced IMF-inspired reforms that the AKP has doggedly maintained. As a result, Turkey has not only experienced impressive gdp growth, but has rid itself of the hyperinflation that plagued it for most of the 1990s. For real estate agent Abdullah Cam, 23, who says his family firm has tripled revenues in the past five years, the AKP has been "great for business." Down the road, Mehmet Goktas, 41, agrees. Sales...
...world's people live in makeshift homes in squatter settlements and work in shadow economies. In many countries, more than 80% of all homes and businesses are unregistered; in the Philippines, the figure is 65% and in Tanzania, 90%. More than one-third of the developing world's GDP is generated in the underground economy, a figure that has increased steadily over the past decade...
Indeed, there's much to celebrate. On average, the 53 countries in Africa racked up gdp growth of 5.5% last year, and it's projected to hit 6.2% in 2007 - the continent's fastest growth since the '70s. This resurgence has been powered by soaring demand for Africa's abundant natural resources, which has also boosted its strategic importance to trade partners as far afield as the U.S., India and China. Li Ruogu, head of the Export-Import Bank of China and co-chair of the forum, said his bank has invested in over 300 projects in Africa, from...
...trade, the Baltic Sea region is still not capitalizing on its full potential: an economic study by the Swedish Board of Trade estimates that the elimination of existing investment and trade barriers in all Baltic Sea countries would add 1% - or about $30 billion - to the region's overall gdp. That said, there are few parts of the world that have embraced open markets more fully or to greater effect...
...answer that question, consider the experience of three countries: Angola, Nigeria and Gabon. The oil industries in each are at markedly different stages. Angola's is in its first explosive flush of production, with gdp expected to grow 27% this year. Nigeria is in its prime, ranking as the world's 12th largest producer in 2006. Gabon's wells are slowly drying up. Together, these three nations trace an evolving arc of oil's effect on Africa and the world, of both its promise and its perils...