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The 25-year boom.(economic growth, gross domestic product)
THE tendency of the news media to focus on the negative is well documented. It's not simply that shocking stories sell, but also that most good news just isn't interesting.
Economics can be an effective antidote to the pessimism such coverage can instill. When mundane good news piles up day by day, the cumulative effect can be striking. As an example, the accompanying chart plots GDP growth from 1980 through 2005 for two sets of the world's countries. The blue line represents GDP growth for countries that had per capita incomes of $10,726 or higher in 2005. The green line charts GDP growth for countries with per capita incomes below $875 in 2005.
[GRAPHIC OMITTED]
There is much good news here. First, the basic trend in economic growth for both sets of countries is quite positive, and has been consistently positive for decades. Troubles come and go in this world, but the steadily rising tide of economic development is making everyone better off, big time.
More important, the rate of economic growth in poor countries has been significantly higher than in rich countries since about 1980. ...
- Economic growth on track (1st quarter GDP growth within target; GNP.
- News wire article from: Asia Africa Intelligence Wire May 30, 2003 700+ words
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- News wire article from: Asia Africa Intelligence Wire July 1, 2004 700+ words
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- News wire article from: Asia Africa Intelligence Wire March 27, 2004 700+ words
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- News wire article from: The America's Intelligence Wire December 19, 2006 700+ words
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- Magazine article from: India Business Insight December 14, 2005 700+ words
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- Press release article from: M2 Presswire April 18, 2007 700+ words
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- Newspaper article from: BBC Monitoring International Reports August 8, 2006 700+ words
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- News wire article from: Europe Intelligence Wire November 11, 2002 700+ words
...Finance Ministry has revised its GDP growth estimate for this year to...reckoned with a 3.6 per cent economic growth. "The (GDP) growth will be stimulated by a higher...per cent. Slovakia saw its GDP growth in constant prices speed up...
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- News wire article from: Asia Africa Intelligence Wire October 27, 2005 700+ words
(From Press Trust of India) "We grew at almost 7 per cent last year and this year too, we expect growth to be in excess of 7 per cent. However, this is based on a growth in agriculture of less than 2 per cent," Singh said while inaugurating the first National Conference on Krishi Vigyan Kendras.
Source: HighBeam Research, The 25-year boom.(economic growth, gross domestic product)