High-speed rail line is defined as a line (or) section of lines in which trains can operate at speeds of 250 km/hr or more (or 155 miles/hr or more). The high-speed rail network varies among developed countries. Japan is a pioneer in this field while Europe has an excellent network connecting major cities. Today after Japan, the …
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Social spending on public welfare is increasing in Asia but it is still lower than the OECD average of 21% of GDP according to an article in OECD Insights. Developed Asian countries like Japan, New Zealand and Australia have high social protections. On the other hand, in emerging countries of India and Indonesia social spending …
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The 20th century belonged to the US and is known as the “American Century”. The 21st century is projected to be the “Asian Century” as countries such as China and India rise as world’s leading powers although economically and not militarily. Already these two countries have joined the list of the world’s top 10 economies as …
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The fundamental long-term trend of the US economy is a slow downward slope according to a recent article by Prof. John Ross at Renmin University of China. The average annual growth rate of the US economy fell from 4.4% in 1969, to 4.1% in 1978. Then it fell again to 3.2% in 2002. By the first quarter of …
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The top 29 global economies based on forecast 2017 GDP in terms of purchasing-power parity are listed in the graphic below: Click to enlarge Source: In the world’s GDP ‘trillionaire’s club,’ Canada is looking pretty feeble, Financial Post, June 1, 2017 China is projected to have the largest GDP this year followed by the EU and US. …
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