Perhaps the most striking finding in the United Nations' recent 20th anniversary "Human Development Report" is the outstanding performance of the Muslim countries of the Middle East and North Africa. Here was Tunisia, ranked sixth among 135 countries in terms of improvement in its Human Development Index, or HDI, over the previous four decades, ahead of Malaysia, Hong Kong, Mexico and India. Not far behind was Egypt, ranked 14th.
The HDI is a measure of development that captures achievements in health and education alongside economic growth. Egypt and especially Tunisia did well enough on the growth front, but where they really shone was on these broader indicators...
6 February 2011: In the past two weeks, Yemen has been rocked by some of the biggest anti-government demonstrations seen in a decade, as young people facing a grim economic future vent their frustration on the streets.
In the UN Human Development Index (HDI), Yemen is ranked at 138 out of 179 states listed.
The protesters fight poverty, corruption, and injustice, an issue clearly shown by the country's HDI ranking.
"Nine of the 10 countries with the lowest Human Development Indicators have experienced conflict in the last 20 years. Countries facing stark inequality and weak institutions are at increased risk of conflict."
The United Nations Security Council on Friday unanimously issued a statement pointing out a close link between international security and economic development.
Although Turkey's economic indicators outpace many countries around the world, major differences in regional development are still an issue in the country and call state policies into question.
Turkey has witnessed noteworthy growth in the last decade. At the same time, the country was also successful in lowering the yearly inflation rate to a 41-year low, 6.4 percent, in 2010. But despite these and similar advancements, economic development has not attained the same pace in every region in the country.
Most developed economies will grow at a steady pace in the months ahead, but growth in Italy and China appears to be slowing, according to an economic indicator from the Organization for Economic Cooperation and Development.
The OECD's indicators are designed to provide early signals of turning points between the pickup and slowdown of economic activity and are based on a wide variety of data series that have a history of signaling changes in economic activity.
The HDI is a measure of development that captures achievements in health and education alongside economic growth. Egypt and Tunisia did well enough on the growth front, but where they really shone was on these broader indicators.
This article is about India and the lack of SEZs (special economic zones). Navjot Singh Sidhu, Indian politician, says that creation of SEZs is crucial to the economic growth of India. He says that SEZs would attract foreign investors to the local area and create employment opportunities for unemployed youth.
This article is about Indiana's effort to create economic development by attracting business from it's neighboring state of Illinois. I found this article to be interesting because it involves my hometown.
This article discusses Egypt's recent economic growth and the effects of the riots lately. It also predicts what its economic growth and GDP will be like in the near future. Interesting article considering how recent it is.
Economic growth (increase in the country's level of output, and therefore GDP) in the Philippians condemns a million more Filipinos to poverty from 2006 to 2009. This very example is valid proof that economic growth and development are two entirely different notions. It is shown, in this article how economic growth in the Philippians meant abatement of living standards and a national spread of poverty. Quite the opposite of what can be defined as economic development...
" 'Some 185,000 families, or 970,000 Filipinos, became poor', the NCSB said"
"The needy totalled 3.86 million families or 23.14 million individuals."
Recent floods and Cyclone Yasi in Australia damaged Queensland's coal and agriculture industries, reducing the country's real level of output therefore adversely affecting its economic growth. This could make the economy contract for the first time since the global financial crisis. Furthermore, The damage to agriculture industries is expected to cause a spike in food prices increase inflation over the next few months.
This article indicates that economic growth in India will slow down to a little over 8 % in fiscal year 2012. This is in part due to a spike in interest rates in order to curb inflation. An increase in interest rates attracts saving and deters investment (the cost of borrowing is higher). In addition to this, the increased saving reduces the amount of expenditure in the economy thus contributing to slower economic growth. The reduction is also attributed to a slowing manufacturing and services sector (which is expected to have strong momentum in 2011 but slower growth in 2012).
