While many people believe China will effectively quite soon become the world's second economy and catch up with United States sometime this century, MIT Professor Lester Thurow for a range of reasons argues that China's century will not be this one, but the next.
While productivity levels have increased worldwide over the past decade, gaps remain wide between the industrialized region and most others, although South Asia, East Asia, and Central & South-Eastern Europe (non-European Union) & CIS have begun to catch up the International Labor Office (ILO) said in a new report published Monday.
Wheat rose to a record in Paris on Monday as traders speculated that Russia could curb shipments to restrain domestic food prices. Moscow has formed a working group that will consider measures to curb grain prices, which may include sales from state inventories as well as export duties and quotas.
Uruguayan fisheries exports reached 105 million US dollars in the first half of this year, which represents a 13% increase over the same period a year ago according to Daniel Montiel, head of the Uruguay's Aquatic Resources Office, Dinara.
On the first day of Chilean President Michelle Bachelet's trip to Japan, she and Japanese Prime Minister Shinzo Abe signed a Free Trade Agreement (FTA), which came into effect immediately. That accord is expected to create 50,000 new jobs and significantly increase Chile's exports to Japan.
Unemployment, informality and inactivity endanger prospects of some 106 million young people in Latin America and the Caribbean in the labour market, and hinder potential economic growth and the fight against poverty in the region according to a new report of the International Labour Office (ILO) issued in Santiago de Chile on Tuesday.
The Inter-American Development Bank will host an event in Miami September 6 for government officials, business leaders and journalists to officially launch its 2008 Annual Meeting that will take place in the city in April.
Brazil's biggest airline, TAM Linhas Aereas said on Tuesday it postponed plans to increase its fleet of Airbus jets from 2008 to 2011 because of a drop in demand for domestic air travel.
Political pressures present the greatest medium-term threat to global growth, according to a report released Tuesday by the World Economic Forum's Global risk network.