Word: gdp
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...monkey issue-creating problems, analyzing those problems in retrospect, critiquing the possible solutions and finally learning to coexist with the problem. Then some entrepreneur sees a business opportunity: Let's bring in bigger monkeys to solve the problem of the smaller ones. The entrepreneur's income adds to the GDP, and society learns to coexist with the bigger problem. That's what India is today: brilliant entrepreneurs in a society that is content to coexist with poverty, illiteracy and corruption. Manav Saxena Iowa City, Iowa...
...monkey issue - creating problems, analyzing those problems in retrospect, critiquing the possible solutions and finally learning to coexist with the problem. Then some entrepreneur sees a business opportunity: Let's bring in bigger monkeys to solve the problem of the smaller ones. The entrepreneur's income adds to the gdp, and society learns to coexist with the bigger problem. That's what India is today: brilliant entrepreneurs in a society that is content to coexist with poverty, illiteracy and corruption. Manav Saxena Iowa City, Iowa, U.S. Global Warning? Re "Warming to a global theme" [Nov. 13]: Climate change has been...
...Kayseri's growth is part of a broader growth of the Turkish economy. Between 2002 and 2006, exports fueled an 8% annual expansion of GDP, while inflation remains at a 25-year low. Still, average incomes are only around one-third of those enjoyed in the main economies of Western Europe, and corruption remains widespread. Those realities may be part of the reason that, despite Turkey's impressive economic performance, Europe appears to be cooling toward welcoming it into the club. Although formal negotiations over its membership were recently started after Turkey had spent four decades knocking on the door...
...linkages across markets--tight coupling, in the language of systems analysts--make problems more likely to spread to other players, such as Wall Street banks, especially since hedge funds often leverage their investments, which magnifies gains. Or losses. "In most areas, risk goes down over time--airplanes are safer, GDP is more stable--but financial markets have gotten riskier," says Rick Bookstaber, a hedge-fund manager who is writing a book on the topic. "Financial engineering has actually created more risk by adding complexity." Since the summer, the Treasury Department has been meeting with regulators, investors and hedge-fund managers...
...Hong Kong's economy is thriving, with GDP predicted to grow by an impressive 6.5% this year. But concern is mounting that the city's pollution woes are ruining its attraction as a place to live and work. One fear is that multinational firms that have made Hong Kong their Asian base will increasingly decamp for cleaner locales-particularly Singapore, dubbed the best city for Asian expatriates in a recent quality-of-life survey by human-resources consultant ECA International. Hong Kong dropped from 20th to 32nd in the study, largely due to pollution...