“Emphasis on Growth Is Called Misguided” – 2

Recently, the economic indicators have shown to be inadequate because of the unemployment rate in America. Many jobs have been lost and people are placing the blame on this. Two economists, Joseph E. Stiglitz and Amartya Sen, are convinced that we need to have more concern for human welfare than only economic growth, since they go hand-in-hand.

“Emphasis on Growth is Mis-guided”

The article I found is called “Emphasis on Growth is Mis-guided” and was in the New York Times. It was about the fact that jobs are disappearing so quickly and many life savings have been surrendered due to the thought that economic indicators are inadequate. Many economists urge the idea of new assessment tools that incorporate a broader concern for human resourcing. They also think that our economic disaster is a direct result of that policy makers simply had to focus on nurturing growth.

Remittances: an important and crucial part of income for developing countries

Remittances are becoming a more important and crucial part of income for developing countries. Remittances are the transfer of money from a foreign worker into his home country.

Thailand’s economy shrinks 4.3 percent in 4Q

The article I have chosen discusses the matters of Thailand economy and the issues behind the downfall in GDP. Between political strikes which lead to the shutdown of Thailand’s airports and the decrease in exports; Thailand’s economy is down by 4.3 percent.

Global crisis affects Lebanese GDP growth forecasts

A projection stated by International monetary fund official said that Lebanon’s GDP growth in 2009 will be revised to less than 5 percent due to the unfavorable market conditions. However, Portugal, disagreed with this projection after holding talks with the Prime Minister, the Finance Minister, and several Lebanese bankers.

Japan Appoints New Finance Minister After G-7 Row

Japan prime minister Taro Aso, embarrassed and ashamed by a recent event that took place at a Group of Seven conference on Saturday in Rome quickly appointed a new finance minister on Tuesday. Japan’s financial minister Shoichi Nakagawa showed up to the conference visibly intoxicated and unable to actively participate.