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Despite a slowing global economy, Indonesia's economic growth accelerated to a ten-year high of 6.3% in 2007. This growth rate was sufficient to reduce poverty from 17.8% to 16.6% based on the government's poverty line and reversed the recent trend towards jobless growth, with unemployment falling to 8.46% in February 2008.
The acronym CIVETS was first coined by Robert Ward, Global Director of the Global Forecasting Team of the Economist Intelligence Unit (EIU) in late 2009. [8] The grouping was conceptually inspired by BRIC, a term developed in 2001 by Jim O'Neill of the American investment bank Goldman Sachs to describe four rapidly growing countries he believed would challenge the existing global economic ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
BRIC economic theory Terence James O'Neill, Baron O'Neill of Gatley (born 17 March 1957) [ 1 ] is a British economist best known for coining BRIC , the acronym that stands for Brazil , Russia , India , and China —the four once-rapidly developing countries that he predicted would challenge the global economic power of the developed G7 ...
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
In 2021, Mint Mobile was named "the fastest growing company in America", and listed among the best places to work by American City Business Journals. [4] [19]Mint Mobile ranks as the "Best for Cheap Long-Term Plans" among mobile phone plans in the United States by U.S. News & World Report.
It was created in 2013 on the sidelines of the United Nations General Assembly in New York City and aims to support effective global governance. The group's diverse membership – in terms of culture, socio-economic structure and geography – lends it a unique perspective. It is a cross-regional, values-based partnership with several key ...
Despite a slowing global economy, Indonesia's economic growth accelerated to a ten-year high of 6.3% in 2007. This growth rate was sufficient to reduce poverty from 17.8% to 16.6% based on the government's poverty line and reversed the recent trend towards jobless growth, with unemployment falling to 8.46% in February 2008.