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"At the heart of India's skewered development story lies the paradox between India's phenomenal GDP growth and its abysmal score on human development." And this is exactly what captures the idea of HDI as a composite indicator of economic development. India is the proof that despite enormous economic growth (GDP growth), there has been no economic development. Although HDI has its drawbacks and presents a skewed image of the reality, the educational and health perspective each correctly depicts the Indian situation, making India one of the countries with the least HDI.

The article talks about the economic development in Tennessee

This article is about the fact that, despite the best efforts of the Indian governments with welfare initiatives, the tribal communities throughout india are still struggling to develop. The HDI indicators within these communities are still poor.

The article talks about the living conditions of Indian people in rural areas. Their living conditions have not improved yet and there is a lot of work to do for the government.

This article is just one out of many which focus not on economic development but on economic growth. I have to admit that I am occasionally annoyed by the fact that most emphasis is always put on the pure increase in the real GDP or share of an industry relative to the country's economic performance. I think we should much more often apply a more expansive review of the economic growth, which is economic development. The latter tells you a lot more about the health, education, and income factors and can serve a very useful purpose in the context of what I call "holistic growth" that comprises different elements, not just purely economic performance as such. While I am happy to hear that Switzerland is doing great and its largely highly skilled workforce based economy is in the expanding phase, I am much more eager to hear how people have more disposable income, better healthcare system,... which is fortunately the case for Switzerland, however, also the perpetual growth in Switzerland has been faced with an increasing fear of possible rising unemployment rates.

This article talks about the creations in jobs in Nigeria, and how that influenced the initiative for a better future and a better living standard. Also, women are mentioned to having more jobs and more jobs created for them, resulting in a development. Even though this is a big step, there are a lot of sectors that need aid, which do not only include employment.

The situation occurring in India right now exemplifies the conflicts behind allowing MNCs to embed themselves in a developing economy. FDI is a great source of income for developing economy, being an instantaneous source of employment for in that economy and being a mutually beneficial setup for MNCs in need of additional labor. The problem is that FDI tends to just be a band-aid approach, helping to sustain the economy and cover its financial issues but not really allowing said economy to progress any further. What certain government parties are saying to the Indian government is that they want MNCs to be forced into some sort of investment in India's future growth if those companies are going to embed themselves in the country.

The article talks about the HDI report in Sudan

India has objected to some of the clauses in the trade facilitation agreement and sought support for the developing countries' food security proposal at the World Trade Organization (WTO). In the latest rounds of talks, India has also made it amply clear that if there is no forward movement on G-33 nations food security proposal, trade facilitation would also not move. The G-33 is a group of developing countries.

This article describes the new tax on various medical wares such as replacement hips and defibrillators. The new excise tax is within the US, and the prediction is that it will raise $20 billion by 2019. The tax will affect smaller companies the most, and as much as 10% of small companies earnings per share may be paid in tax.

This article talks of the excise tax placed on replacement hips, implantable defibrillators and other FDA-approved wares. This was originally done to help fund the health laws expansion of insurance coverage. However, this tax is starting to hurt companies producing these goods as they are having to introduce cost cutting plans. "Stryker Corp. said in a statement Thursday that the $130 to $150 million in will owe next year could consume one-third of of its research and development budget." The tax is becoming a burden on companies as they must give the money to the government instead of their research funds.

This very brief CNN article informs that the general economic growth of Africa as a whole is expected to rise with approximately 6-7% in the future. Following the third world countries and their economies isn't the same as following wealthy countries and their respective economies, as the negative factors aren't considered as much in third world country as their level of development in the economy can't really be compared to i.e. Germany. The growth is vital, and highly benefits.

"Burma, also known as Myanmar, has been implementing economic and political reforms, resulting in various sanctions against it being lifted." The Asian Development Bank has approved loans for Burma after sanctions had been put on them.

This article elaborates on the fact that Burma is in dept and it's been not recognized for loans. Burma is on of the poorest countries in Asia and it suffers highly under the it.

This article is essentially connected to aggregate demand (investments), but the following part can be perfectly analyzed with the this week's topic, aggregate supply: "The investment will also help U.K. energy security by reducing hydrocarbon imports at a time of higher international oil and gas prices. "Too often we've been seen as part of the problem, rather than part of the solution because production output had fallen. But we're stopping the decline and increasing output and that will have a more positive impact on the U.K. economy," Mr. Tholen told The Wall Street Journal. The higher investment in new projects and redevelopment of older fields will help bring another 500,000 barrels of oil equivalent a day onstream by 2017, taking output up to around 2 million barrels of oil and gas a day by 2017 or earlier. The higher investment in new projects and redevelopment of older fields will help bring another 500,000 barrels of oil equivalent a day onstream by 2017, taking output up to around 2 million barrels of oil and gas a day by 2017 or earlier." High international oil and gas prices mean higher average costs of production - change in the costs of raw materials, because oil and gas are widely used in most production processes. This is the reason for the shift of the SRAS inwards. However, higher price level means that the oil production and oil-transforming industries will increase their output. This is also great for the sake of price of imports, which are relatively too high, allowing domestic industries to decrease their average costs of production, meaning that SRAS will increase. So we should consider effects of both aspects and add them up in order to get a real picture (overall effect of current oil and gas prices). Investments are shifting the LRAS curve to the right, because there are likely to be improvements in the quality of the factors of production (technological advancements, discovery of new resources and re-establishing the past (oil) fields,

This article offers a short analysis of the Chinese export promotion: outward-oriented strategy to bolster economic growth with some causes for its slowing down. But export promotion is not sufficient to promote development and to ensure the sustainability of the growth-led process. Although China is a star of export- or outward-oriented strategy, there are some possible disadvantages as well, including dependence on foreign demand or worse income equality or environmental degradation as well as undermined care for social safety net. Export-oriented growth is a perfect example in economics that there are no absolutes and that everything is not white nor black but gray.

This article is about increased foreign direct investment to China despite its weakening economic growth. Not only does China receive inflowing FDI, but it also invests outflowing FDI into other places such as Japan. The investment comes even as China's economy show signs of slowing from the stellar growth rates of years past as the government looks to shift the emphasis to structural reform rather than growth for its own sake. One pillar of the reform drive is to make the economy driven more by the service sector and consumers, ending its traditional reliance on investment and exports for growth. The obvious reason why foreign-based MNCs want to invest into China is because of increasing sales or decreasing their profits. The question is what kind of pull factors China has to attract such high levels of FDI. Stable economic environment, political environment, low labour costs are primal reasons.

The article talks about a policy of the EU relating to the topic.

I totally agree with you, Olaf