Tag Archives: gdp

Development in Brazil: Double cropping helps Brazil’s development

It’s not just about agriculture. Growing two crops a year in the same field improves schools, helps advance public sanitation, raises median income, and creates jobs.

PROVIDENCE, R.I. [Brown University] — New research finds that double cropping — planting two crops in a field in the same year — is associated with positive signs of economic development for rural Brazilians.

The research focused the state of Mato Grosso, the epicenter of an agricultural revolution that has made Brazil one of the world’s top producers of soybeans, corn, cotton, and other staple crops. That Brazil has become an agricultural powerhouse over the last decade or so is clear. What has been less clear is who is reaping the economic rewards of that agricultural intensification — average Brazilians or wealthy landowners and outside investors. (more…)

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Putin: ‘USA’s get-out attitude to Russia unacceptable’

Russian President Vladimir Putin started his large press conference at midday, December 20th. The conference brought together more than 1,200 Russian and foreign journalists.

The head of state started with statistics. According to him, the growth of GDP in January-October of this year made up 3.7 percent. According to Vladimir Putin, this is a good result. Recession in the world economy (and in particular in the euro area) became an obstacle for reaching better results, as well as a poor harvest in Russia. Last year, more than 90 million tons of grain were collected. This year, the harvest has dropped to 74 million tons. (more…)

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A Country of Two Tales

Confucius Institute director addresses global impact of China’s economy

China’s economy has undergone astounding growth during the past 60 years, with its gross domestic product (GDP) climbing from just under $18 billion in 1949 to almost $6 trillion in 2011. Most of that growth has occurred since 1980, when the country’s economic reform began.

The result? China has emerged from being known as “the world’s most populous country” to the “growth engine for the world’s economy.”

But the double-digit growth that China witnessed every year from 2003 to 2011 has slowed, leading to much debate about the seriousness of the downturn and how it will reverberate across the globe. (more…)

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UMD Study: Fiscal Cliff Could Trigger Deep Recession, Fear of Cliff Has Cut GDP Already

COLLEGE PARK, Md. – The so-called “fiscal cliff” has already begun dampening the U.S. economy – even before it officially kicks in – and by year’s end will have cut 2012 GDP an estimated six-tenths of one percent, says a new study conducted by researchers at the University of Maryland’s Interindustry Forecasting Project (Inforum).

The study, called Fiscal Shock: America’s Economic Crisis, is one of the first to look beyond the first year effects of the combined federal spending cuts and tax increases. It projects an escalating impact into 2014 and beyond, as “multiplier” effects of fiscal contraction kick in. (more…)

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National Deficit Outlook Unchanged Under Obama: UMD Policy Analysis

Public Policy’s Philip Joyce Offers Election Policy Fact Check

COLLEGE PARK, Md. – From a public policy point of view, the national debt accumulation since President Obama took office is largely a result of policies put in place prior to his inauguration, says a new analysis by University of Maryland expert Philip Joyce. He adds that Obama’s policies will make little impact in the debt over the next decade.

“The best that can be said about presidential fiscal policies thus far is that they would slow the bleeding, but they neither would stop it nor would they do much to heal the patient,” Joyce says.

The size of the debt has been one of the biggest issues of the presidential campaign, with Republicans arguing that the President has allowed the debt to rise out of control and Obama saying that he inherited the policies that led to an increase in debt and deficits. (more…)

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Ageing Population Could Boost Economy

Older people are a benefit, rather than a burden, to the economy and society according to a new report from the UCL School of Pharmacy.

The report, Active Ageing: Live Longer and Prosper (produced with financial support from Alliance Boots) refutes the view that older people are a major source of economic problems such as reduced international competitiveness. It provides evidence that the benefits of living longer will outweigh the additional health and social care costs of population ageing.

“All too often old age is seen as a time of increasing dependency, vulnerability and frailty. But older people already contribute significantly to their families’ and wider communities’ wellbeing,” said Dr Jennifer Gill (UCL School of Pharmacy), co-author of the report. (more…)

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Political Leaders Play Key Role in How Worried Americans Are By Climate Change

COLUMBUS, Ohio – More than extreme weather events and the work of scientists, it is national political leaders who influence how much Americans worry about the threat of climate change, new research finds.

In a study of public opinion from 2002 to 2010, researchers found that public belief that climate change was a threat peaked in 2006-2007 when Democrats and Republicans in Congress showed the most agreement on the issue. (more…)

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Are the Wealthiest Countries the Smartest Countries?

It’s not just how free the market is. Some economists are looking at another factor that determines how much a country’s economy flourishes: how smart its people are. For a study published in an upcoming issue of Psychological Science, a journal of the Association for Psychological Science, researchers analyzed test scores from 90 countries and found that the intelligence of the people, particularly the smartest 5 percent, made a big contribution to the strength of their economies.

In the last 50 years or so, economists have started taking an interest in the value of human capital. That means all of the qualities of the people who make up the workforce. Heiner Rindermann, of the Chemnitz University of Technology, wanted to look more closely at human capital, and particularly the factor that psychologists call cognitive ability. “In other words, it’s the ability of a person to solve a problem in the most efficient way—not with violence, but by thinking,” Rindermann says. He wrote the new study with James Thompson of University College London. (more…)

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