Globalization – will it save or destroy the world?

http://news.bbc.co.uk/2/shared/spl/hi/pop_ups/03/business_trade_and_poor_countries/html/1.stm

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BBC News Online looks at how poor countries have fared as trade has increased.

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World trade has been the engine of world economic growth in the last 50 years. But many poor countries have been left behind as rich countries have subsidised agriculture and blocked access to their markets.

The growth in world trade has been unevenly spread. Some developing countries – often in Asia – have increased growth by producing more manufactured goods. But others – often in Africa – have fallen further behind.

Developing Asia: Subregional trends and prospects

http://www.adb.org/Documents/Books/ADO/2005/highlights/part020000.asp

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Developing Asia and the world

Overview of economic highlights and prospects

The major industrial economies grew at their strongest rate in many years in 2004. In turn, the economies of developing Asia and the Pacific achieved their highest growth since the Asian financial crisis as aggregate gross domestic product expanded by 7.3%. Domestic demand was buoyant and average inflation remained subdued. The strong economic momentum in most regional economies, together with a continued favorable external environment, augurs well for growth over 2005–2007. Average real growth is expected to be between 6.5% and 6.9%, supported by more buoyant domestic demand and strengthening intraregional trade.

GDP (PPP) of Asia

http://www.iea.org/Textbase/country/maps/asia/gdp_ppp.htm

IEA – International Energy Agency

GDP (PPP): Gross Domestic Product calculated using Purchasing Power Parities.

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Gross Domestic Product [2007]	Gross Domestic Product [2050]
Rank   Country   GDP (millions of USD)   1 United States 13,843,825 2 Japan 4,383,762 3 Germany 3,322,147 4 China 3,250,827 5 United Kingdom 2,772,570 6 France 2,560,255 7 Italy 2,104,666 8 Spain 1,438,959 9 Canada 1,432,140 10 Brazil 1,313,590 11 Russia 1,289,582 12 India 1,098,945 13 South Korea 957,053 14 Australia 908,826 15 Mexico 893,365	Rank   Country   GDP (millions of USD)   1 China 78,000,000 2 United States 38,500,000 3 India 37,600,000 4 Brazil 11,300,000 5 Russia 9,340,000 6 Mexico 8,580,000 7 Indonesia 7,010,000 8 Japan 6,670,000 9 United Kingdom 5,130,000 10 Germany 5,020,000 11 Nigeria 4,640,000 12 France 4,590,000 13 South Korea 4,080,000 14 Turkey 3,940,000 15 Vietnam 3,600,000

http://en.wikipedia.org/wiki/BRIC

IBM and contribution of BRIC

http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=n4qdWLAZbbqzsfh&ID=5189961

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report:  May 17, 2007

INTERNATIONAL BUSINESS MACHINES CORPORATION

GDP per capita: Gap between two worlds – 50 years later?

http://www.visualizingeconomics.com/category/region/asia/

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by Catherine

January 27, 2008

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Comparing the GDP per Capita of the United States with Japan, India, China, and Indonesia over the last 500 years. (GDP per Capita for each country is in 1990 international Geary-Khamis dollars, calculated from purchasing power parities (PPPs) of currencies and average prices of commodities.)

US: the triple threats

http://www.businessweek.com/magazine/content/08_25/b4089024764736.htm?chan=search

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by Peter Coy

June 11, 2008, 3:48PM EST

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“The Fed’s Plan: More Talk

With little room for the Fed to make a course adjustment safely, Bernanke’s balancing-act comments carry even greater weight than usual

Bernanke expressed mild optimism about the economic outlook, and he promised that the Fed will “strongly resist” an upward creep in inflation expectations.

Inflation is a case in point. In recent years, when the Fed insists that it will keep inflation low, the public believes it, and therefore, as if by magic, inflation really does remain low: Trusting workers don’t ask for higher pay and companies don’t jack up prices. Even though oil prices have more than doubled over the past year and gasoline is $4 a gallon, the consumer price index rose a relatively modest 3.9% from April, 2007, through April, 2008. And recent history shows that when inflation is under control, growth tends to be steadier, too—the best of both worlds.

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