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Topic: Economic boom

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	Boom - Wikipedia, the free encyclopedia
		Boom (sailing), spar at the foot of a sail on a sail boat.
		Boom is the name of a spar used on a Crane (machine).
		Economic boom, time of rapid growth in wealth, as in a boom town.
	en.wikipedia.org /wiki/Boom (266 words)

	Bush economic boom
		A stable price level and booming output persuaded the likes of Keynes and Professor Fisher that a New Era had indeed arrived, with Keynes describing Federal Reserve Board monetary management as a "triumph" — a triumph whose economic and political denouement was the Great Depression.
		Though the 1920s is considered by some to be the greatest boom period in US history the greatly neglected boom of 1896-1903 exceeded it, certainly in terms of physical production though not in financial folly.
		It evidently did not occur to the author that booming output is incompatible with 'excess capacity.' Moreover, he admitted that falling prices were caused not by a monetary contraction, i.e., genuine deflation, but by increasing investment — thus demonstrating how rife confusion is on this subject.
	www.brookesnews.com /042009bushboom.html (1403 words)

	Thailand’s Economic Boom and Bust, and the Fate of Agriculture
		The boom in demand for non-traded assets drove up their prices, sometimes in spectacular fashion, and created an entire class of wealthy urban Thais whose assets were their shares in the ownership of banks, finance companies, real estate and property developments, construction firms, and a raft of ancillary industries.
		As we have just seen, the economic boom of 1988-1995 was associated with the reversal of long-term growth rates of employment and land area in Thai agriculture.
		We contend that the boom may have stimulated a pattern of agricultural responses which will be costly to correct in the long run, and which in the short run may have significant implications for employment and poverty.
	www.info.tdri.or.th /library/quarterly/text/j98_2.htm (4655 words)

	Debt, Construction Boom and Economic Diversification (Site not responding. Last check: 2007-10-31)
		The paper recommends a set of structural reforms in the education, economic and social spheres that may enhance the opportunity for economic diversification, which is not only necessary for sustainable economic development but also equally important for social and political stability and accountability.
		On the other hand, as the construction boom is concentrated mainly in the non-tradable sectors, economic activity may not result in proportional increase in the supply of goods and services, thus accelerating the demand for imports.
		Economic institution, according to World Development Report 2002, is taken to mean a set of established rules, enforcement mechanism and organisation to promote outcomes deemed desirable, such as economic growth.
	www.mees.com /postedarticles/oped/a47n28d01.htm (8167 words)

	China Says Pollution Will Worsen With Economic Boom (Site not responding. Last check: 2007-10-31)
		Beijing - China's drive for economic growth is in direct conflict with efforts to safeguard the environment, the government warned on Monday, and degradation is worsening despite official efforts to curb pollution.
		The ruling Communist Party has promised to balance economic development with environmental safeguards, after a year in which sandstorms coated the capital in dust and a chemical spill poisoned a major river, thrusting its record on pollution into the global spotlight.
		But economic growth has been averaging about 10 percent annually, far greater than the 7.5 percent growth rates on which the government's targets for pollution reduction are based.
	www.truthout.org /issues_06/060506EA.shtml (692 words)

	Economic Issues 8 -- Why Is China Growing So Fast?
		In an effort to awaken a dormant economic giant, it encouraged the formation of rural enterprises and private businesses, liberalized foreign trade and investment, relaxed state control over some prices, and invested in industrial production and the education of its workforce.
		Much previous research on economic development has suggested a significant role for capital investment in economic growth, and a sizable portion of China's recent growth is in fact attributable to capital investment that has made the country more productive.
		The reforms raised economic efficiency by introducing profit incentives to rural collective enterprises (which are owned by local government but are guided by market principles), family farms, small private businesses, and foreign investors and traders.
	www.imf.org /external/pubs/ft/issues8 (2614 words)

	Tutor2u - Understanding the Economic Cycle
		A boom occurs when national output is rising strongly at a rate faster than the trend rate of growth (or long-term growth rate) of about 2.5% per year.
		In boom conditions, output and employment are both expanding and the level of aggregate demand for goods and services is very high.
		An economic slump is a prolonged and deep recession leading to a significant fall in output and average living standards.
	www.tutor2u.net /economics/content/topics/econgrowth/cycles.htm (797 words)

	The Investor's Library: Economic Boom to Continue (Site not responding. Last check: 2007-10-31)
		Dent says the most important factor sustaining the current boom is the size and spending habits of the world-wide, baby-boom generation, that huge segment of the population born between the years 1946 and 1964.
		It is the fact that the baby boom generation (in the U.S.), when you include immigration, is almost five times the magnitude of the birth wave of the "Bob Hope" generation that came before it.
		He explains, the baby boom generation will be moving out of its peak spending and productivity years, sparking a deep deflationary recession, or perhaps even a depression, that could last a dozen years or more.
	www.cyberhaven.com /investors/economicboom.html (650 words)

	Economic boom in gulf tied to Sept. 11 (Site not responding. Last check: 2007-10-31)
		Economic boom in gulf tied to Sept. 11
		But in the oil-rich Arab countries of the Persian Gulf, Sept. 11 is increasingly viewed as the event that kicked off a galloping economic boom, when Arabs divested from America and reinvested at home.
		Investors and economists say the jump in oil revenue is the biggest factor for the boom, but the shift in strategy that led Gulf Arabs to divert funds from U.S. investments to home markets laid the groundwork.
	www.azcentral.com /arizonarepublic/business/articles/0827sept11boom27.html (455 words)

	BBC News \| Asian economic crises \| Boom to Bust: Asia's economic crisis
		In November, the economic weaknesses of the Japanese economy were exposed by the collapse of Yamaichi, one of Japan's largest and most prestigious financial houses.
		This tough medicine has involved painful economic decisions resulting in the closure of companies and banks and increased unemployment.
		Many analysts have said that what is required in the ailing Tigers economies is a complete change of mindset from that which prevailed during the boom years - a recognition that never again can such dizzy rates of growth be sustained through uncontrolled borrowing.
	news.bbc.co.uk /1/hi/special_report/1998/asian_economic_crises/45468.stm (567 words)

	PUERTO RICO HERALD: Economic Boom In Public Construction Will Start This Summer (Site not responding. Last check: 2007-10-31)
		Perhaps the most remarkable story behind the economic recession of 2001 is that Puerto Rico’s pharmaceutical and medical devices manufacturing sector remained stable, with an average employment growth of 7.4% between July 2001 and April 2002, compared to 2.1% for that period a year earlier.
		The other major aspects of the economic recovery strategy–such as swift acceleration of the permitting process and quickly pumping money into the public construction sector, along with efforts to advance passage of proposed amendments to Section 956 of the U.S. Internal Revenue Code–all met more obstacles than were expected.
		The economic development secretary was upbeat about the most recent manufacturing trends, which show the island’s pharmaceutical sector gaining over 2,300 jobs in the last 12 months (from just under 25,000 employees in April 2001 to 27,400 in April 2002).
	www.puertorico-herald.org /issues/2002/vol6n22/CBBoom-en.shtml (4958 words)

	Africast Global Africa Network- News
		Algeria's economic growth was expected to reach 5.8% this year, and 8% in 2008.
		The statistics were impressive: foreign debt, estimated at $15.5bn, was expected to shrink to $5bn by the end of 2006.
		Foreign exchange reserves were estimated at $63bn, and the government last year launched a five-year economic development plan worth $80bn to restore hope among the 33 million inhabitants.
	news.africast.com /africastv/article.php?newsID=58778 (391 words)

	The dark side of China's dazzling economic boom / Hype conceals often sordid reality of government corruption and ...
		China's economic performance since 1979 is actually less impressive than that of its East Asian neighbors, such as Japan, South Korea and Taiwan, during comparable periods of growth, especially if adjusted for the quality of growth.
		In 2003, a boom year, their median rate of return on assets was a measly 1.5 percent.
		Democratic transitions in developing countries are often caused by economic crises blamed on the incompetence and mismanagement of the ancien regime.
	www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2006/04/09/INGF4I2L7D1.DTL (1874 words)

	Economic boom longest ever in U.S.
		Unemployment is at its lowest level in 30 years — 4.1 percent — consumer confidence is at record highs, and Wall Street has just wrapped up an unprecedented five straight years of returns of 20 percent or more in the S&P 500 stock index.
		Normally, economic growth at those levels, combined with a dwindling supply of workers, would translate into rapidly rising wages, leading to higher inflation.
		Economic boom longest ever in U.S. Eight Centennial branches to be closed
	www.enquirer.com /editions/2000/02/01/fin_economic_boom.html (311 words)

	Socio-economic Justice For The Poor
		Despite all of the talk about a pending economic boom and a rise in government revenue the country is still faced with numerous challenges to economic stability.
		Somehow workers still feel that economic justice is not being meted out by those who control the economy and the socio-political wheel of the country.
		The power of economic and political control will continue to be exercised by the few who will continue to employ policies and practices to ensure that the power remain in their hands for as long as possible.
	www.jonesbahamas.com /?c=131&a=7169 (592 words)

	BBC NEWS \| Business \| Economic boom belies Israeli poverty
		Israel's economic growth has forged a wider gap between the rich and the poor, and in so doing the otherwise welcome prosperity has had the peculiar effect of undermining some of the values that used to unite the country's people.
		Israeli Arabs and ultra-orthodox Jews, who tend to have large single-income families, are strongly represented among the poor, and thanks to some of their religious leaders speaking out, their plight has become one of the key economic issues raised during the election campaign.
		The investment bank Merrill Lynch is somewhat less optimistic, predicting economic growth of 4.2%, while the Bank of Israel's estimate is 4.3%.
	news.bbc.co.uk /1/hi/business/4833602.stm (972 words)

	Mexico Records Economic Boom Just before Elections - Softpedia
		Mexico’s economy recently scored quite an economic boom just before the July 2nd presidential elections, a move which some political analysts believe would increase the ruling party candidate Felipe Calderon’s chances of winning, in the detriment of his left-wing rival Andres Manuel Lopez Obrador.
		Cesar Castro of the Centre for Economic Analysis and Projections in Mexico City, highlighted the fact that the well-being of the economy creates a whole array of electoral advantages for Calderon: “It’s the most important factor, just like in the United States.
		It has been revealed that the economic output grew 5.5 per cent in the first four months of this year and economists expect it to grow with more than 4 percent, which will have a great effect on the way Mexican citizens view Vincente Fox and his Conservative National Action party.
	news.softpedia.com /news/Mexico-Recorded-Economic-Boom-Just-before-Elections-25934.shtml (351 words)

	Americans Need More than an Economic Boom - Center for American Progress (Site not responding. Last check: 2007-10-31)
		During the 1990s boom, the longest economic expansion on record, the U.S. unemployment rate fell from 6.8 percent in March 1991 to 4.3 percent in March 2001.
		The 1990s boom did substantially improve the absolute and relative economic positions of African Americans, although not as much as some hoped.
		To generate an economic boom that changes the structural features of racial and gender inequality, the public and private sector must adopt a range of policies that have disproportionately positive impacts on young, less-skilled, women and minority workers.
	www.americanprogress.org /site/pp.asp?c=biJRJ8OVF&b=496537 (1030 words)

	albawaba.com middle east news information::Report expects GCC economic boom to continue
		IIF Managing Director Charles Dallara noted that, "The GCC is in the midst of a period of exceptional economic performance.
		The IIF stated that economic activity in the GCC was strong in 2004 and it estimated that aggregate nominal GDP growth was 17.6 percent, after an expansion of 15.1 percent in 2003.
		This reflects a number of key developments, including increased intra-regional capital flows, as reflected in a property boom and a run-up in equity prices; rapid rises in tourism in some countries; and a region-wide acceleration in project implementation.
	www.menareport.com /en/business/187286 (439 words)

	Economic Boom, Environmental Bust - Council on Foreign Relations
		The most serious environmental challenge, however, is providing clean water to the Chinese people: 60 million people have difficulty getting enough water to meet their daily needs and 10 times that many drink contaminated water on a daily basis.
		The social, political and economic consequences of China's environmental crisis raise the stakes of inaction dramatically.
		The Chinese media have been publishing statistics that bear out such analysis, reporting that during 2003, acid rain caused US$13-billion in economic damage; dust storms inflicted US$6-billion in costs; and water scarcity was responsible for US$14-billion in lost industrial output.
	www.cfr.org /publication/7548/economic_boom_environmental_bust.html (1275 words)

	Mark Bourrie, West risks economic collapse with its ‘paper boom’
		The book is written for a Canadian audience, but the economic models it uses fit the economic situations in the United States, Great Britain, Hong Kong, Australia, and other countries where the current economic boom is built primarily on increases in the values of securities, especially those with very high price-to-earnings ratios.
		And at worst, of course, the booms and busts of finance can be an actual hindrance to real growth and real investment, especially at times of financial crisis and instability.
		Conservative politicians wax eloquent about the need to improve the investment climate, but most of their policies are about redistributing the economic pie, not growing it, and, strangely, promoting real investment seems very low on their economic priorities.
	www.hartford-hwp.com /archives/44/213.html (950 words)

	Stingray: The Bush Economic Boom
		Now, the economic news is just as good, if not better, and we rarely hear a thing about it.
		Some of it is Bush’s fault — for example, he should be emphasizing in every speech he makes that minority home ownership is at an all-time high, despite warnings by folks like Jesse Jackson and Harry Belafonte that fls are just one step away from being forced back into slavery.
		Here are the high points of the Economic Report of the President, which can be found in its entirety here.
	www.mcculloughsite.net /stingray/2006/02/the-bush-economic-boom.php (396 words)

	afrol News - Chad on its marks for economic boom
		Economic performance, including in the area of governance, has improved measurably," the IMF summed up the situation.
		Further, progress in governance had been constantly challenged by "pressures from vested interests to conclude business deals in the energy sector that may not be in the global Chadian interest," IMF concluded.
		The primary concern of the Chadian government for the years ahead is to ensure that Chad escapes the pitfalls of developing a dual economy, namely to avoid an industrial oil enclave with close connections to the outside world that is cut off from the country's non-oil economy.
	www.afrol.com /News2002/cha003_econ_growth.htm (1079 words)

	Double slug as economic boom falters - National - www.theage.com.au
		During the late 1970s, the combination of rising inflation and falling economic growth was dubbed "stagflation".
		Although inflation remains low and the growth slowdown is predicted to be temporary, economists said the Reserve was in a difficult situation.
		The growth slowdown follows figures this week showing a record current account blowout, a sign that the economy is failing to keep pace with booming consumption.
	www.theage.com.au /news/National/Double-slug-as-economic-boom-falters/2005/03/02/1109700538505.html (720 words)

	What economic boom? - Pittsburgh Tribune-Review
		Some media outlets have made a spectacle of themselves (even in liberal media circles) for greeting good economic news with petulant denial, like kindergartners singing playground songs at full volume with their index fingers in their ears.
		He said the economy was slowing, which suggests a recession to the audience.
		Didn't the government just readjust its estimate of economic growth in the first quarter to a raging 5.3 percent, the fastest growth rate in 2 1/2 years?
	www.pittsburghlive.com /x/pittsburghtrib/opinion/columnists/guests/s_457384.html (735 words)

	The Manila Times Internet Edition \| REGIONS > RP can replicate economic boom in Chile, study says
		In a study by the University of Asia and the Pacific, the Philippines is prodded to duplicate the growth and development of Chile’s mining industry, with active participation of foreign investors, to become an engine of economic growth.
		With mining as the lead industry for its economic prosperity, Chile is now ahead of several developing countries including Malaysia, Thailand, Mexico, Brazil, Argentina, Indonesia and the Philippines.
		While mineral deposits of Chile are primarily copper (it is the world’s top producer of copper), in contrast the Philippines has substantial deposits of gold, copper, nickel and chromites (making it the world’s fifth largest mineral deposits).
	www.manilatimes.net /national/2006/apr/10/yehey/prov/20060410pro1.html (517 words)

	Dr. Sanity: THE BUSH ECONOMIC BOOM AND THE THEORY OF LEARNED ECONOMIC HOPELESSNESS
		The Bush economic boom is better than any in the last 10, 20...even 30 years!
		If we believe those who propagate the economic hopelessness and thrive off the perception of doom and gloom, then the only cure is to put them back in power.
		But at least you could pretend that everything would then be wonderful; and that poverty and economic hardship would soon be erased from the face of the earth; that hurricanes hardly ever happen; and that unnatural disasters like 9/11 are simply an illusion done with smoke and mirrors.
	drsanity.blogspot.com /2005/12/bush-economic-boom-and-theory-of.html (664 words)

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