Tag: GDP
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How GDP shares have shifted across the world since 1000 AD
Business Insider: How GDP shares have shifted across the world since 1000 AD Interesting graph.
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GDP Decoupling from Energy and Resource Use
Harvard Business Review: Stuff: When Less Is More One of the most persistent economic misconceptions I see is the presumed fixed relationship between a unit of GDP and the energy/resources consumed in the process. This false relationship is projected into the future to show that growth is leading to total collapse in the near future.…
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‘Great Decoupling’ of Wages and Productivity Driven by New Technology
Huffington Post: 'Great Decoupling' of Wages and Productivity Driven by New Technology Interesting chart.
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GDP Growing Fastest in Poor Countries
The world's poorest regions have been growing the fastest for at least twenty years. The Economist forecasts world GDP to be 2.9%, Asia and Australasia (less Australia) at 5.7%, and Sub-Saharan Africa at 4.5%. These rates indicate a considerable slowing of growth from recent years. The US forecast is 3.2%. This is more evidence that…
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Economics Links
1. Here's The Chart That Destroys What Republicans Are Saying About The Deficit 2. The 10 Most Popular Charts On The World's Most Amazing Economics Website Here is one example: Nominal GDP (3.1% growth year over year in Q2): 3. Global trade volume and world industrial production both reached new record highs in July 4.…
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Saturday Links
1. Phillip Swagel with a good piece on Inequality and Opportunity … I am not convinced, however, that the president's proposals are well matched to the problem he describes. Indeed, Mr. Obama is better at describing the outcomes he seeks than at putting forward a coherent set of policies to reach those outcomes. But I…
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America’s Poor Still Live Better Than Most Of The Rest Of Humanity
Forbes: Astonishing Numbers: America's Poor Still Live Better Than Most Of The Rest Of Humanity … This isn’t the traditional GDP numbers, nor purely economic numbers in fact. Things like quality of life, civic engagement are included. … … However, look at it a little more closely in relation to other countries. We’re often told…
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6 of the world’s ten fastest growing economies are in sub-Saharan Africa
Economist: Development in Africa: Growth and other good things … Six of the world’s ten fastest growing economies of the past decade are in sub-Saharan Africa. A clutch of countries have enjoyed growth in income per person of more than 5% a year since 2007. … … GDP is not a perfect measure of living…
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Why the US economy doesn’t weigh as much as we thought it did
AEI Ideas: Why the US economy doesn’t weigh as much as we thought it did … One way of analyzing the changing nature of the US economy is by looking at how much GDP physically weighs. Former Federal Reserve Chairman Alan Greenspan once remarked that the value of US GDP is five times as great…