Word: gdp
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...veiled criticisms of Thaksin; Anand recently declared that Thailand could become "a failed state"; and social reformer Prawase Wasi produced a damning 10-point checklist of Thaksin's failings. Thaksin responded by complaining that his senior critics were "senile." Meanwhile, the dragged-out political crisis is hurting the economy: GDP growth in the second quarter of this year was 4.9%, down from 6.1% in the first quarter...
...their spending patterns that excite entrepreneurs like Mafatlal. In spite of the maharajas' opulent purchases of old, India has had a tradition of fiscal conservatism, of saving rather than spending. Yet the combination of a GDP rising at 8% per annum and one of the world's youngest populations (more than 200 million people between the ages of 15 and 24) means spending power has shifted to those with a fever for fashion. Add to that the booming media in the world's largest democracy bringing brand awareness, plus the reduction of once punitive import taxes, and India starts looking...
...Bush Administration touts a booming economy, but the measures officials like to talk about--GDP growth, rising productivity, job creation--are increasingly out of synch with what Americans are experiencing in their daily lives. For most people, wages are down because of inflation. Their "compensation" may be up because their employer pays more for their health care, but they can't buy milk with an insurance card. Even Fed Chairman Ben Bernanke has called it "puzzling" that the boom hasn't shown up in people's paychecks, saying later that the evidence "is not very overwhelming" that wages will rise...
...population has no electricity, and 80% no potable water. The returning refugees have found few houses or jobs. The country is the world's biggest supplier of opium, the raw material for heroin. The illegal drug economy - which some analysts estimate is equivalent to half the country's official gdp - corrupts its politics, and finances the Taliban's recruitment of the unemployed and its purchase of high-quality weapons. President Karzai is highly regarded by the foreign politicians who are trying to prop up his government - U.S. Secretary of State Condoleezza Rice called him an "extraordinary leader" on a lightning...
...flung family but simply as foreigners. The Ghanaian government is working to change that attitude mostly because in African Americans they see investment possibilities and start-up capital that this country badly needs. Although Ghana is in much better shape than many other African countries, its GDP is $9.4 billion, or about $420 per capita, which ranks below most Asian countries. "The potential for economic impact is very significant," says Jake Obetsebi-Lamptey, Ghana's Minister for Tourism and Diasporan Relations. "As you look around now, you see the role African Americans are playing in the corporate world, as mechanical...