Word: gdp
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...capita income, the society is moving forward in much the same way it handled the monkey issue--creating problems and worse solutions. 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 India today: brilliant entrepreneurs content to coexist with poverty and corruption...
...Delhi also helped clear the way for the recent buying spree. Last year, the government doubled the cap on how much Indian companies can annually invest abroad to 200% of a company's net worth. Thanks to the boom at home?India's GDP growth has averaged 8% a year over the past three years?many companies are financially stronger than ever before. Net profits are up nearly 40% this year, according to a recent report from Motilal Oswal Securities, which surveyed 127 publicly traded companies from various sectors. Besides having deep pockets, many Indian companies have been around...
...people in the Arab world are barely aware that the disease exists in their society. Amr Moussa, the Secretary General of the Arab League, warned the conference that failure to respond aggressively to the threat of AIDS will reverse economic and development and will cost the region 35% of GDP in the next 25 years...
...trying, Vietnam won its bid to join the World Trade Organization, a move that could help liberalize the country's economy and spark an export-driven boom similar to the boost China received after it joined the WTO in 2001. Vietnam is already on a roll. It's GDP growth rate this year is projected to be 8.2%, the second-fastest pace in Asia behind China and in a dead heat with India. Exports were up an estimated 24% in the first 10 months of 2006. The nascent stock market in Ho Chi Minh City is one of Asia...
...Party recently installed a new government led by Prime Minister Nguyen Tan Dung, who has vowed to continue economic reforms and to tackle the country's pervasive corruption. While it's true that Vietnam's economy is still relatively small?at $53 billion last year, the country's total GDP is about half that of the Philippines?it is also vibrant, with a growing entrepreneurial class (40,000 private businesses were launched in 2005) and thriving commodity businesses. Vietnam is now the world's largest pepper exporter and second-largest exporter of coffee, cashews and rice. And multinational companies...