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Christoph Zed

Can India's economy overtake China? - 0 views

news.bbc.co.uk/...8273464.stm

markets india china economy globalisation

shared by Christoph Zed on 05 Oct 09 - Cached
  • Can the lumbering elephant overtake the hyperactive dragon?
  • In 2010, the Indian economy may grow faster than that of China.
  • China and India, accounting for roughly 40% of the 6.5bn plus people on Planet Earth, are not merely the two fastest growing major economies in the world at present, but are among the few countries that have continued to expand at a time when the economies of most countries have contracted
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  • Economists argue that one reason why India's economy can grow faster than that of China in the near future is simply on account of what statisticians describe as a "base effect"
  • China's economy is roughly three and a half times bigger than that of India - Gross Domestic Product (GDP) measured in US dollars in 2008 for the two countries stood at $4.2 trillion and $1.2 trillion respectively.
  • Two years ago, China overtook the US as India's largest trading partner.
  • World Bank in its Global Development Finance 2009 report projected that in 2010, the rate of growth of India's economy at 8% would be faster than that of China, expected to be 7.7%
  • developing countries could "become a key driving force" in reviving the world's economy
  • it was no longer improbable that India could grow faster than China or that South Asia would expand at a faster pace than East and South-East Asia
Christoph Zed

BBC NEWS | Business | Emerging economies 'get new role' - 0 views

news.bbc.co.uk/...8274046.stm

usa politics economics g20 brazil china russia EU hegemony globalisation

shared by Christoph Zed on 25 Sep 09 - Cached
  • The G20 group of leading and emerging economies will take on a new role as a permanent body co-ordinating the world economy
  • more power to emerging economies, rather than to the developed powerhouses of the G8 group.
  • Senior EU officials later announced a deal to shift the balance of voting in the International Monetary Fund to benefit growing economies like China.
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  • police fired rubber bullets at protesters
  • The G20 is going to be the new body counsel that will be the coordinating body for international economic cooperation
  • financial regulatory reform was the most important agenda item for summit, but that addressing global economic imbalances was also a priority
  • US proposal calls on economies such as China, Brazil and India to boost domestic consumption
  • US and Europe would encourage more saving
  • That's not a sustainable financial situation for the US and that's why we're in the process of adjusting
Christoph Zed

Chris Anderson on the Economics of 'Free': 'Maybe Media Will Be a Hobby Rather than a J... - 0 views

www.spiegel.de/...0,1518,638172-2,00.html

shared by Christoph Zed on 29 Jul 09 - Cached
  • Yes. It's all about attention. That is the most valuable commodity. If you have attention and reputation, you can figure out how to monetize it. However, money is not the No. 1 factor anymore.
  • maybe the media is going to be a part time job. Maybe media won't be a job at all, but will instead be a hobby
  • The question is can people get the information they want, the way they want it?
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  • The online economy is about the size of the German economy. And it's based on a default price of zero. Most things online are available in a free form. We have never seen an economy this big with a default price of zero. I realized that we needed an economic model to explain how an economy could be based on "free." And we need to understand the psychology of that. We have the psychology of free, we're drawn to it, but we feel cheated by it. If something used to be paid for and then it becomes free, we think the quality is lower. But if something has always been free, and remains free, we don't think that.
Blaze Yau

China upgrades palace of Dalai Lamas - 0 views

news.theage.com.au/...dalai-lamas-20090824-ewa8.html

national identity China Tibet

shared by Blaze Yau on 26 Aug 09 - Cached
  • Blaze Yau on 26 Aug 09
     
    China says the project is part of its plan to promote Tibetan culture and language in the region as it develops its economy, of which tourism forms a major part.
fiona hou

Economic recovery could be bad news for Germany - Telegraph Blogs - 0 views

blogs.telegraph.co.uk/...-again-something-is-in-the-air

Germany recession election telegraph

shared by fiona hou on 14 Aug 09 - Cached
  • News that Germany and France have, with a mini-bound, escaped recession must be the most ominous development of the week.
  • For those within this system, Germany had been an extremely comfortable place until the downturn. But the apparent failure of its export-driven social model changed all that. As a result, Germans had begun to campaign for a responsive political system.
  • In all sorts of ways,  Germans had begun to realise that the economy - and thence German society - had reached the end of the post-war path. The worry is that today’s GDP figures will drive them back to the old, familiar way of thinking.
  • fiona hou on 14 Aug 09
     
    News that Germany and France have, with a mini-bound, escaped recession must be the most ominous development of the week. Though it has always proved a mirage in the past, the possibility of change had appeared to be taking hold in Germany.
anonymous

Shaping New Regional Governance in East Asia: A Common Vision for Mutual Benefit and Co... - 0 views

www.koreatimes.co.kr/...120_49963.html

east Asia security economy Official Development Assistance (ODA)

shared by anonymous on 18 Sep 09 - Cached
  • anonymous on 18 Sep 09
     
    Shaping New Regional Governance in East Asia: A Common Vision for Mutual Benefit and Common Prosperity
  • Christoph Zed on 19 Sep 09
     
    `A peaceful solution to the Korean problem will be a starting point for common prosperity and mutual benefit in East Asia, where security matters such as the North Korean nuclear issue have long intermingled,'' a news release said. ``Experts in their respective fields will engage in in-depth discussions and deepen mutual understanding, exploring ways to promote peace and prosperity on the Korean Peninsula as well as in East Asia.'' Anyone knows how John Howard get's to be there? Has he become an adviser of some sort? Would be interesting to see what his take on these things is, and what/who's agenda he presents?
Maria D'Amato

Millions set to disconnect their fixed-line phones - 0 views

www.theage.com.au/...line-phones-20090904-fbih.html

shared by Maria D'Amato on 08 Oct 09 - Cached
  • ABOUT 2 million people are considering ditching their fixed-line home phones, as Australians move closer to becoming one of the world's first wireless economies.
  • There are 105 mobiles for every 100 people, making Australia one of the most saturated markets in the world behind South Korea, with 114 mobile phones for every 100 people.
  • An ACMA study last year found the decline of fixed lines has been led by younger consumers. About 91 per cent of retirees said their main form of communication was the fixed-line phone, while 70 per cent of 18-to-31 year-olds consider mobile phones as their main form of communication.
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  • This year Telstra reported its fixed-line subscribers fell by four per cent to 9.2 million, while its mobile-phone subscribers increased four per cent to 9.7 million subscribers. An ACMA spokesman said Australians owned a total of 21.2 million mobile phones.
Maria D'Amato

Melbourne's population hits 4 million - 0 views

www.theage.com.au/...s-4-million-20090922-g0j7.html

shared by Maria D'Amato on 08 Oct 09 - Cached
  • The Bureau of Statistics says Australia's annual net migration soared in the first three months of this year to 278,000 - up from just 100,000 five years ago.
  • MELBOURNE'S population has reached 4 million and Australia's is surging towards 22 million, according to new figures that have sparked fresh debate about the impact of record migration.
  • Victoria's population jumped 112,000 in the year to March. Assuming Melbourne has kept its share, the city is expanding by an unprecedented 90,000 people a year, or more than 1700 a week.
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  • While population growth has kept the economy growing and house prices rising this year, it has also put pressure on public transport and other services - especially as the growth is being driven by international students.
  • Government figures at the end of July showed that in five years, total international student numbers have almost doubled from 288,400 to 547,663.
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