Tag Archives: economic growth

City of Zhenjiang, China and IBM Collaborate to Build a Smarter City

*IBM Smarter Cities Solution Helps Zhenjiang Boost Economic Development and Tourism Plans*

Armonk, NY & Zhenjiang, China – 24 Feb 2012: IBM and the City of Zhenjiang, China today announced that IBM is helping to transform the city’s public transportation system. Zhenjiang will use hardware, software, services and technologies from IBM’s Research labs, all brought together through the IBM Intelligent Operations Center (IOC) for Smarter Cities – a solution that will serve as the central point of command for the city.

Zhenjiang is a renowned historical and cultural city in the eastern People’s Republic of China (PRC), a region experiencing rapid economic growth.  Zhenjiang has an estimated population of three million people and has become an important regional transportation hub due to its location near the intersection of the Yangtze River and the Grand Canal, the longest canal in the world.  It is also considered a state model for environmental protection. (more…)

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Economic Forecast

*No silver bullet but hope for economy remains, experts tell audience at UD*

Analogies abounded at the 2012 Economic Forecast, where speakers compared monetary policy to turnpike driving, fiscal policy to an empty toolbox and investing to “finding the least worst house on an unstable block.”

Charles I. Plosser, president and CEO of the Philadelphia Federal Reserve, was one of three featured speakers at the annual event, which was sponsored by Lyons Companies and the University of Delaware’s Center for Economic Education and Entrepreneurship (CEEE) and held Tuesday, Feb. 14, at UD’s Clayton Hall. (more…)

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Rich Country, Poor Country: Economists say Financial Sector Key Driver of Economic Growth

Economists have long suspected that one reason developing countries struggle to emerge from poverty is that they lack robust financial sectors, especially when compared to wealthier nations.

Although it may seem obvious that a weak financial sector would stifle growth within a developing country, few economists until now have tried to determine just how this phenomenon occurs. This has made it difficult for policymakers and investors to understand how financial markets may be failing and to create effective solutions to correct them.

Economists Francisco J. Buera of UCLA and the Federal Reserve Bank of Minneapolis, Joseph Kaboski of the University of Notre Dame, and Yongseok Shin of Washington University in St. Louis present important insights into this phenomenon in a paper recently published in the journal American Economic Review. (more…)

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comScore Reports $37.5 Billion in Q2 2011 U.S. Retail E-Commerce Spending, Up 14 Percent vs. Year Ago

*comScore Chairman Gian Fulgoni to Present Update on Q2 2011 E-Commerce Trends in Upcoming Webinar*

RESTON, VA, August 8, 2011 – comScore, Inc., a leader in measuring the digital world, today released its Q2 2011 U.S. retail e-commerce sales estimates, which showed that online retail spending reached $37.5 billion for the quarter, up 14 percent versus year ago. This growth rate represented the seventh consecutive quarter of positive year-over-year growth and third consecutive quarter of double-digit growth rates. (more…)

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UF: Florida Population Soars in Century’s First Decade, But Rate is Slowing

GAINESVILLE, Fla. — Florida was again one of the country’s leaders in population growth in the last decade, but the growth rates over the past few years have been among the lowest in the state’s history, according to a new study by the University of Florida.

Florida’s permanent resident population increased by more than 2.8 million between 2000 and 2010 — an increase of 17.6 percent to 18,801,310. That mark was the third-largest numeric increase and the eighth-largest percentage increase in the country. However, the growth rate lagged behind previous periods for the state, and projections are the growth rate will steadily decline through 2040. (more…)

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MSU Researchers: China Needs More Protection of Farmer Land Rights

EAST LANSING, Mich. — China should protect land rights of all farm families and restrict corporate farming, argues a Michigan State University researcher whose team found that secure farm land rights will be key to closing the income gap between Chinese cities and countryside. 

The study was recently published in the Chinese Academy of Social Sciences’ 2011 blue book, an annual report of China’s rule of law. It found only 44 percent of China’s 200 million farming families has been issued land-rights documents as required by law, said Jeff Riedinger, dean of MSU’s International Studies and Programs, and a co-author of the study.  (more…)

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