Indicators for 196 Countries. World Economic Outlook Database September 2011. The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries. The WEO is released in April and September/October each year. Use this database to find data on national accounts, inflation, unemployment rates, balance of payments, fiscal indicators, trade for countries and country groups (aggregates), and commodity prices whose data are reported by the IMF. Data are available from 1980 to the present, and projections are given for the next two years. Additionally, medium-term projections are available for selected indicators.
For some countries, data are incomplete or unavailable for certain years. Changes to the September 2011 Database. The inflation fallacy. Sometimes I despair. Sometimes I wonder if the inflation fallacy is at the root of all the US and Eurozone troubles. It's so easy to get popular support for the idea that printing money will cause inflation, and inflation means a fall in our real income. So it's much better to have high unemployment, low employment, low real output, and errrr, low real income, than to risk having low real income. The inflation fallacy is an invalid argument about why inflation is bad. Now, an invalid argument can sometimes have a true conclusion.
Maybe inflation is bad. Maybe inflation does reduce our real incomes. A lot of non-economists believe the inflation fallacy. Sometime in February, I will ask my ECON1000 students: "So, why is inflation a bad thing? " I can anticipate the look on their faces. "Because if all prices rise 10% we will only be able to afford to buy 10% less stuff. That's the inflation fallacy. You could try to counter the inflation fallacy by talking about the neutrality of money. 1. Malaysia - GINI index. Someone Talking Sense About Exchange Rates, For Once.
The Exchange-Rate Delusion MILAN – If one looks at the trade patterns of the global economy’s two biggest players, two facts leap out. One is that, while the United States runs a trade deficit with almost everyone, including Canada, Mexico, China, Germany, France, Japan, South Korea, and Taiwan, not to mention the oil-exporting countries, the largest deficit is with China. If trade data were re-calculated to reflect the country of origin of various components of value-added, the general picture would not change, but the relative magnitudes would: higher US deficits with Germany, South Korea, Taiwan, and Japan, and a dramatically lower deficit with China.
The second fact is that Japan, South Korea, and Taiwan – all relatively high-income economies – have a large trade surplus with China. Germany has relatively balanced trade with China, even recording a modest bilateral surplus in the post-crisis period. …None of this is peculiar to developing countries. The Nexus Of Corruption And Higher Income Part IV. For all those who are interested in playing around with the dataset I used for the first three parts of this series, I’ve uploaded it to Google Docs. Just follow this link. In this instalment, I’m going to narrow down the investigation and concentrate on one particular question that seems to be cropping up more frequently. And that’s the idea that if only Malaysia had less corruption, we’d be on par with countries like South Korea and Taiwan. I’ll get to the quantitative part in a moment, but in normative terms, this idea has one big flaw – it presumes that Taiwan and Korea as societies are more corruption-free than Malaysia is or was.
Anybody reading the history of politics in Korea and Taiwan would immediately realise that we’re not all that much different. For instance, here’s an excerpt from a University of London paper on corruption in Taiwan (excerpt): Sound familiar? But let’s take a look at the quantitative evidence. Here’s another look at the same dataset: Technical Notes: State By State GDP: 2010 [Updated] [UPDATE: The original charts didn’t come out as large as they should have. I’ve amended the pics so they’ll come out bigger now. Just click on the pics to get the larger chart.] The numbers for state GDP for 2008-2010 have been released by the Department of Statistics. We’ve now got about 6 years worth of data (2005-2010), which gives you a better sense of where each state stands. I’ve summarised the data in three charts (click on the charts to look at a bigger version). The following are the levels (real GDP; RM millions; 2000=100): …and the GDP growth rates (log annual change; 2000=100): You’ll see that the impact of the 2008-2009 recession was quite different across states.
It’s interesting to see the differences in behaviour between the GDP levels above, and GDP per capita (nominal GDP; RM): Compare the different experiences of Kedah and Perak against Penang for instance during and post-recession. Technical Notes: GDP by State 2010 from the Department of Statistics. Malaysia: Age distribution statistics - NationMaster.com. Definitions Age structure > 65 years and over: The distribution of the population according to age. Information is included by sex and age group (0-14 years, 15-64 years, 65 years and over). The age structure of a population affects a nation's key socioeconomic issues. Countries with young populations (high percentage under age 15) need to invest more in schools, while countries with older populations (high percentage ages 65 and over) need to invest more in the health sector.
The age structure can also be used to help predict potential political issues. SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; World Bank: (1) United Nations Population Division. Citation "Malaysia People Stats", NationMaster. The World Top Incomes Database.