Word: gdp
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...destitution, and Asia, home to two-thirds of the world's extreme poor, offers plenty. The bust and stagnation of the past few years only made the problem worse. The ILO estimates that the flesh trade has mushroomed into a major regional industry, accounting for 2% to 14% of GDP in Indonesia, Malaysia, the Philippines and Thailand...
...Unlike China, which continues to support economic expansion by building factories and grinding out exports, Korea's engine is increasingly turbocharged by Pocketbook Power. Manufacturing output as a percentage of GDP stood at 32% in Korea in 2000; the services sector was larger at 43%. Domestic spending by the country's 47 million consumers has grown from about 50% of GDP in 1987 to 58%. With more than 1 million service sector jobs added since 2000, it looks like Korea will be the first Asian economy to make the leap from an industrial-led to service-driven domestic economy...
...report provides an example of cheap but important foreign aid help, which would create a program to fight easily preventable diseases such as malaria and tuberculosis. The suggested program would be funded directly by the richest nations, at a cost of about 0.1 percent (our current aid spending) of GDP, and it would save at least eight million lives per year, or 10 times as many lives as the U.S. has lost in all its wars, ever...
...billion, with room to authorize more. Still, when one considers that we are set to spend $379 billion on the military this year, $16 billion is peanuts. Traditionally, a nation’s foreign aid contributions are measured as a percentage of its gross domestic product (GDP). The most successful and far-reaching foreign assistance the U.S. has ever given was the Marshall Plan following WWII. During this time, foreign aid accounted for about 15 percent of our GDP...
...contrast, today’s total foreign aid by the U.S. is teetering at about 0.1 percent of GDP, which puts us in last place among the world’s 22 richest nations. Portugal, Greece and New Zealand all put in double the amount we do in relation to their GDPs, according to the Organization for Economic Cooperation and Development (OECD). In first place is Denmark, which is ten times as generous as we are and gave away 1.06 percent of its GDP...