Search result for: "Gross Domestic Product (GDP)"


A Single Hold-all Measure Like GDP Is A Camouflaging Device

NEW DELHI, India: There are well-known problems associated with the concept of gross domestic product (GDP) as well as with its measurement. The inclusion of the service sector within GDP is something that Adam Smith would have objected to on the conceptual grounds that those employed in this sector constituted “unproductive workers”. Certainly, in the former Soviet Union and East European socialist countries, it was not the GDP but the gross material product, excluding the service sector, that was considered the relevant measure.
 
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APEC Ministers: Regenerate Tourism Markets

BANGKOK, Thailand--Tourism Ministers from APEC member economies are coordinating their policies to revive the tourism and travel industry in the region so that it is safe, sustainable, responsible and more inclusive.

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US Military Minds Still Stuck In Pearl Harbor Mentality

HONG KONG, China--“What would Winston Churchill say?,” protested China hawk Michael Pillsbury when Michael Anton, a former national security official in the Trump administration, asked him what he would do if China sank a US aircraft carrier. I reported the exchange in a November 3 analysis, “Sleepwalkers in the South China Sea.”

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CME: Raising The Statutory Debt Limit Is Not A Good Idea

KUALA LUMPUR, Malaysia--Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz announced that he will propose to raise the statutory debt limit to 65 per cent from the current 60 per cent of the gross domestic product (GDP).

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EMCO will compromise the future of the country

KUALA LUMPUR, Malaysia-- The Center for Market Education (CME) is highly concerned with the announcement of an Enhanced Movement Control Order (EMCO) in many areas in Kuala Lumpur and Selangor. 
 
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