Economy grows 6.3 percent from 2011 to 2013

The World Bank projected the economic growth of developing countries will experience a slowdown from 7.3 percent in 2010 to average around 6.3 percent in the period 2011-2013.

Based on World Bank report "Global Economic Prospects" June 2011 edition received here on Friday, noted that developing countries should focus on at this time to overcome challenges such as achieving balanced growth.

According to the report, how to achieve balanced growth through structural reforms, among others, cope with inflationary pressures, and the face of rising commodity prices.

Consistent with the projections of developing countries, a group of high-income countries are also expected to experience economic growth rate is slowing, from 2.7 percent in 2010 to 2.2 percent in 2011, then 2.7 percent in 2012, and 2 , 6 percent in 2013.

Multilateral financial institutions was also stated, there are many developing countries whose economy is operating above capacity so that the risk of "overheating", especially those in Asia and Latin America.

While inflation in developing countries reported nearly 7 per cent yoy in March 2011, while inflation in high-income countries have also touched the figure of 2.8 percent in April 2011.

The increase in inflation the highest found in East Asia, Middle East and North Africa region.

The World Bank also warned that rising oil prices and shortages of food production due to bad weather also contributed to soaring food prices.

The price surge is also considered to have negative consequences for the poor who spend most of their income for food.

As already reported, the Bank Indonesia (BI) believes there is still potential for Indonesia's economy to grow higher than expected if the various constraints in the economy can be identified properly and find a way out.

"With the support of adequate infrastructure, good transportation-related infrastructure such as roads, ports, and airports, as well as those related to the availability of energy for businesses, we are of the view that economic growth in Indonesia in 2012 could be higher than the range of 6.1 to 6 , 6 per cent, "said Nasution Governor of Bank Indonesia in Jakarta, Thursday (9 / 6).

According to him, Indonesia's economy predicted to continue to improve thanks to the impetus is maintained macroeconomic stability, with economic growth expected to be at the upper limit of the range of 6.0 to 6.5 percent in 2011 and increased by 6.1 to 6.6 percent in 2012. 

Economic Growth after worl War II

The International Bank for Reconstruction and Development (IBRD the acronym English, French BIRD) began its operations June 25, 1946 and grants, May 9, 1947, in France its first loan ($ 250 million for reconstruction postwar; loan, to date, remains the highest in real terms, never granted by the bank).

The World Bank was created primarily as a vehicle for the reconstruction of Europe and Japan after the Second World War, with the additional objective of encouraging economic growth of developing countries in Africa, Asia and Latin America. Initially the Bank's lending has been directed mainly on large infrastructure projects in transport (construction of highways and airports) and in energy (electrical). With the achievement of adequate levels of economic growth and per capita income in Europe and Japan the Bank's operations were gradually, focused exclusively on developing countries. Since the nineties, IBRD has participated in the financing (in coordination with other international financial institutions such as the European Bank for Reconstruction and Development) countries in the reconstruction of Eastern European and former Soviet Union.

Sustainability Economic Issue

Sustainability Economic and sustainable development the last twenty years become established concepts. For all sorts of activities and products are sustainable variants arise. This ranges from the purchase of eco-food, sustainable wood (FSC) and fair-trade coffee with Max Havelaar label, to sustainable construction and odd jobs, and sustainable investment and sustainable banking to renewable energy. These days even a sustainable national income, measured and sustainable enterprise, complete with sustainability reports, is booming.

Netherlands uses proportionately more resources from low-income countries in Africa, South Asia and Latin America and thus has a large ecological footprint. The share of natural resources input per person among the highest in Europe. After importing a finished product that is also largely re-exported to other European countries. On the one hand with the Netherlands imports to economic development in the countries from which imported, the other contributes to the import of natural loss and climate change is promoted by. 

There are also negative effects on local air quality, water and soil. The CO2 emissions resulting from consumption of Dutch households to global standards high. Despite the high consumption level, a Dutchman space roughly equal to the world average. This is mainly because both inside and outside the Netherlands using farmland with high productivity. The high population density, the total space required for the consumption of Dutch to produce, still about three times the land area of the Netherlands. To the global problems of land, raw materials and energy to diminish in theory three possibilities:

Gross Domestic Product vs Real Nominal

What happens to the gross domestic product if the price of bread rises from $ 10 to $ 12? Suppose that the amount produced was constant, and that bread is the only product of the economy. The product uses nominal prices of each year, then reflect an increase in gross domestic product of 20%. But the amount of bread is the same! To solve this problem using the real gross domestic product. The real gross domestic product uses the