GDP has been a cornerstone of modern economic thought for decades. Measuring gross domestic product can bolster a government’s claims about its successes or can send a governing coalition scrambling at the end of a mandate and the days leading to the next Election Day. To some of us in the older “developed” economies (North America, Western Europe, Japan), stagnant GDP growth is an ominous sign about these nations’ future, while the BRIC economies (Brazil, Russia, but especially India and China) boast economic growth rates that often reach into the double digits. Full Story
OPINION: Rethinking GDP in Asia - Leon Kaye
Triple Pundit, 20 Jul 2010
GDP has been a cornerstone of modern economic thought for decades. Measuring gross domestic product can bolster a government’s claims about its successes or can send a governing coalition scrambling at the end of a mandate and the days leading to the next Election Day. To some of us in the older “developed” economies (North America, Western Europe, Japan), stagnant GDP growth is an ominous sign about these nations’ future, while the BRIC economies (Brazil, Russia, but especially India and China) boast economic growth rates that often reach into the double digits. Full Story
GDP has been a cornerstone of modern economic thought for decades. Measuring gross domestic product can bolster a government’s claims about its successes or can send a governing coalition scrambling at the end of a mandate and the days leading to the next Election Day. To some of us in the older “developed” economies (North America, Western Europe, Japan), stagnant GDP growth is an ominous sign about these nations’ future, while the BRIC economies (Brazil, Russia, but especially India and China) boast economic growth rates that often reach into the double digits. Full Story
