Tag / gdp
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We’re Not Ready for a Borderless World
A balding yet bearded white man, large and tall with jeans tight around his belly, would visit my grade school once a year or so and bring a long, blank banner. Without the help of even an index card, he would outline with a Sharpie every corner, boundary, and detail of land and sea, every…
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Why We Need the Trade Promotion Authority Now
BY JARED TURKUS The economy is finally recovering from the Great Recession. The deficit is falling at the fastest rate since WWII: it stands at $645 billion, down from $1.4 trillion in 2010. The unemployment rate was 10 percent in October 2009; as of December 2013 it has fallen to 6.7 percent. GDP grew 3.2…
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5.3% is Failure
Full disclosure: this hits close to home for me. As an Indian citizen, I’d be lying if I said that the last five years didn’t carry a tinge of pride. Consistent 8% growth, a booming services and telecom sector, and, most importantly, a retention of the country’s most important democratic institutions, painted a rosy picture…
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To Infinity and Beyond?
A Crucial Juncture It’s now 2012, and some are understandably more optimistic than others. An economic slump that began in 2007 remains Western policymakers’ biggest headache, in addition to near-total currency collapses and debt ceiling pantomimes. Developing countries, long schooled in the Western way to prosperity, should be forgiven for a little gloating. Yet while…
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The Future of the Economy
The Great Recession officially ended in June of 2009, but the lethargic employment growth over the past two years contrasts sharply with the rapid employment growth that usually follows a recession. Most economists expected a quick return to normalcy and are stymied by this “jobless recovery.” With persistently high unemployment threatening his reelection chances, President…
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Apple Pie, Football…Debt?: A Debate with the WUPR Editor-in-Chief
With the congressional deadline approaching to decrease the deficit by more than a trillion dollars, some still question if this imposed decrease is necessary. The deficit could be sustainable and may not even harm future generations. Yet, there are many reasons why this decrease is necessary, and why cutting government spending is the way to…
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The Rise of the Third World
I recall quite vividly my view of the world when I was in elementary school. It all centered on the fact that I was an American, a native-born citizen of the strongest, freest, and most just country in the entire world. Even better, I had the good fortune to have been born in the era…
