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 target of Indonesia in 2011

The government revised its economic growth target of Indonesia in 2011. In discussions with Commission XI of the House of Representatives (DPR), the Minister of Finance Agus Martowardojo deliver economic growth target to 6.4 percent. This revision was up 0.1 percent compared to the original proposal that only 6.3 percent.

"We convey, upon discussions between the government and Bank Indonesia to revise our economic growth for 2011 was 6.4 percent," said Agus Marto in the capitol, Jakarta, Tuesday, September 21, 2010.

Through the statement, according to Agus, automatically upon the financial memorandum and the draft State Budget (Draft Budget) 2011 which has been submitted to Parliament revised.

With the rise in economic growth targets, the government is committed to constantly be aware of global conditions and the trade balance and balance of payments.

Not only economic growth, other macroeconomic assumptions are revised from Rp9.300 rupiah per U.S. dollar converted into Rp9.250 per U.S. dollar. Similarly to the tax ratio (tax ratio) also rose 0.05 percent to 12.05 percent. The increase is in line with the revision of economic growth.

Meanwhile, inflation remained at 5.3 percent, the interest rate of Bank Indonesia Certificates (SBI) 3 months was 6.5 percent, oil prices Indonesia (Indonesia Crude Price / ICP) U.S. $ 80 per barrel and for the lifting of 970 thousand barrels per day .

According to Agus, the draft 2011 budget law, the government and the Parliament agreed to include a target of poverty and unemployment as a measure of achievement to be achieved the government.

"Next year, a target of poverty and unemployment that has been there in the Government Work Plan (Work Plan of the Government) will be a clause of the state budget completely.'ll Be discussed at the Budget Agency," said Agus.

Government's target for next year's poverty level will be lowered to 11.5 to 12.5 percent and 7 percent unemployment.

Predicts the World Bank and George Soros

HOW the world economic outlook in the near future? It seems not too encouraging. At least that's what has been described from the World Bank report launched at its headquarters in Washington, DC, on Monday last week. World economic growth in 1998 estimated that only 1.8 percent or one half of the achievements of years ago. Breakdown of this growth was the largest donation came from developing countries, especially Asia. Brazil, Indonesia and Russia are the big three among the 33 countries that contribute to a negative per capita growth. This means quarter of the world's population, on average, poorer than last year. A pretty bleak picture considering last year only one-tenth of world population, who live in 21 countries, the terrible fate like this.

Unfortunately, the main sufferers world economy is more felt by the poor. The monetary crisis that occurred''has shown how not protected the poor in East Asia as a regional economic difficulties, "said Dipak Dasgupta, lead author of the report entitled Global Economic Prospects and the Developing Countries 1998/99: Beyond Financial Crisis almost 200 pages thick .

That's why the World Bank's assistance in recommending special protection for the poor as one of the branches of a dual strategy to overcome the existing economic crisis. Another branch is to restructure the economy, particularly in strengthening the banking sector, through long-term international assistance. Another interesting feature of the World Bank report is terselubungnya criticism of IMF policies in overcoming the crisis, especially in East Asia. High interest rate policy and the elimination of many aid to the poor as a condition to receive IMF loans are considered inappropriate and aggravating circumstances.

India Back Raise Interest Rates

India's central bank, Reserve Bank of India (RBI) raised interest rates last major for the fourth time this year. Such efforts were carried out as a new venture by the banking regulatory authority of India to tame inflation the highest among the G20 group. As quoted from the AFP on Tuesday (27/07/2010), according to the RBI Governor D Subbarao reported annual interest rate rise in the level of 10.55 percent in June, well above the central bank's desired level of 5.5 percent.

This step, he explained, was the second increase this month is designed to tackle inflation at its highest level is driven by high food prices as well. In addition, wages are moving fluctuations and economic growth estimated at 8.5 percent this year. RBI chose to increase interest rates by 25 basis points (bsp) to 5.75 percent and expected that policy can influence the level of percentage of commercial bank lending imposed, and increased the reverse repo 50 bsp for banking there, especially to raise deposit rates.

India's inflation rate had been below one percent during the past nine months. This gives room for banks to cut interest rates and bolster economic growth.

"The inflation rate is now low enough and the government will try to roll another fiscal stimulus," said the RPG Foundation president DH Pai Panandiker. According to him, the central bank will probably be run out of cycle interest rate cuts. Central Bank of India has slashed interest rates six times in seven months. Benchmark interest rate is currently 3.25 percent. The central bank is very careful in cutting interest rates further as consumer prices in India rose and gave the signal domestic demand began to squirm

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.

Finance Reconstruction After Mortgage Crisis

The International Bank for Reconstruction and Development or IBRD (better known as the World Bank or World Bank in English diction) is an international body of the United Nations, established December 27, 1945, together with the International Monetary Fund, following entry into force of the agreements of the Bretton Woods conference (held between 1 and 22 July 1944), based in Washington (USA), whose original purpose was to finance reconstruction and development in the countries involved in the second World War II. Then the purpose was expanded to the financing of developing countries among the member states, usually in exchange for the adoption of liberal policies.

Pursuant to the Act of Establishment, the World Bank supports reconstruction and development of territories of member countries by facilitating capital investment for productive purposes, promoting private foreign investment by providing guarantees or equity loans, supplementing private investment , delivered, on terms more favorable than the market, financial resources for productive purposes.

The operative bank is insured by payments of allowances paid by the member countries.

Currently, the World Bank's activities are focused on the financing of developing countries in fields such as education, agriculture and industry; IBRD asks in return, recipient countries, the implementation of policy measures aimed, in addition that the limitation of corruption and the consolidation of democracy, economic growth in GDP and opening channels of commercial establishments

China's Interests in the Forum G 20

China never speaks to the world of exploitation of the riches of Tibet, such as gold, silver, copper, iron, aluminum, calcium, oil, precious stones, wool, timber, uranium and more. According to our calculations, as Beijing has spent on the development of Tibet is not even a small percentage of what was taken away. Above all, we should ask those who have received benefits from the development of the Tibetan region. The standard of living of the majority of the indigenous population has not improved, in many cases worsened. The percentage of literacy, employment, health and economic welfare of the Tibetan population is much lower than new immigrants, especially ethnic Han Chinese. The dramatic demographic change which has made Tibetans a tiny minority in their own land was made possible by the said economic development and infrastructure.

Nevertheless, I have great confidence for the future of Tibet. I only say that the G-20 summit leaders will discuss trade and economic rather than human rights and civil liberties. But overall, there is a huge upswing in attention to the issue of human rights in the world, and we are confident.

China is a communist country and who suffers most is the working class. Nowhere in the world are exploited as workers in China. A recent book by a Chinese economist has compared the wages and rights of Chinese workers with other countries. It 'showed that the Chinese workers are paid less than private wages, working hours with up to 12 hours daily for 7 days a week, without sanitation, unhealthy working environments. Only through this exploitation China can compete in the global market and this is known throughout the world. But few have the courage to raise the issue and request changes. The Chinese people are our brothers and sisters. At this time the population of China and Tibet that are united in seeking a solution to the problems of human rights and personal dignity.

Booming of China's Trade

Despite the booming trade, China wants to promote in the new year its economy further. Finance Minister Xie Xuren warned against a premature departure from the expansionary fiscal policy. The measures were aimed at this year mainly to the strengthening of domestic demand, the minister said late on Sunday evening.

The latest trade figures for December pointed to an unbroken economic power of the country: Thanks to expect economists now bubbling Exports and imports in the fourth quarter of 2009 with a tightening of economic growth to more than eleven percent to 8.9 percent in the third quarter. In view of China's trade is also likely to remain on course to overtake Germany as the world's leading exporter of 2009. Final figures it is however lacking.

Income should be increased

The measures the Government should support the development. You will mainly increasing the income of low wage earners and farmers, as Finance Minister Xie said, according to official news agency Xinhua. In addition, the state supports public construction projects such as schools and hospitals. Even if the taxes are subject to change. Details, he called it at first.

The Chinese economy has recovered from an almost-standstill in late 2008 because of the financial crisis over the past year strongly, thanks to the billions the government's measures: The government stimulus package amounted in 2009 to four trillion yuan (409 billion euros) and was flanked by a generous lending by the banks. From the recovery rate also benefited other economies, particularly in Asia

Economic Growth in Third World Countries

In Third World countries the impact of the global financial crisis has resulted in a rebound of the slowdown experienced by developed economies, because, logically, its external dependence. There was the following:

• A decline in exports
• A reduction in remittances
• A reduction in foreign direct investment
• A drop in capital flows

To make matters worse, all this we must add two things: the raw material crisis that erupted in 2008, in the preface to the financial crisis and the effects of climate change are increasingly apparent.

Here we will further analyze the impact of economic crisis in third world countries.

We began by asking: What is the Third World?

The meaning of Third World is not geographically, but economically. This locution Sauvy coined in the fifties of last century from the idea of the third state of the French Assembly created following the French Revolution. Intended to designate countries that do not belong to any of the opposing ideological blocs in the Cold War. In practice, proved to be the income per capita lower.

Effect of the Economic crisis in the Third World

What is the effect of the economic crisis in the Third World?

We must discern that the crisis has been transmitted through two channels:

• Direct: Some of the countries themselves are involved in financial markets. Therefore, financial institutions are exposed to toxic assets behave.
• Hint: Some of these countries, particularly Africa, are very little involved in the international financial system, but in a globalized world, many channels of transmission of the crisis.

And the consequences are:

• A brake on the already low economic growth: IMF points to an average deceleration of June 2008 to 3 in the developing countries.
• Exports from developing countries will stagnate by the recession.
• In 2009, an estimated 55 to 90 million more than expected before the crisis will be living in extreme poverty.
• Restriction credit and funds from donor countries
• Devaluation of their currencies
• Reduction of imports and exports, is hindering the objectives of the Doha Round of the WTO, a global agreement to eliminate trade restrictions in the world. Developing countries seek to try to get an unimpeded access to their markets for agricultural production in central countries. This means that great powers should eliminate or reduce significantly, the protection given to agriculture by way of direct subsidies to farmers or export subsidies.

From G 8 To G - 20

The G8 (for "Group of Eight") is a newsgroup and economic partnership of eight countries among the most economically powerful in the world: United States, Japan, Germany, France, United Kingdom, Italy, Canada and Russia. Together they represent 61% of the global economy.

Leaders of G8 countries meet annually at a summit of Heads of State or Government and the presidents of the Commission and Council of Europe (and for certain activities, representatives of other countries or other international unions, invited to participate). Throughout the year, the G8 has a busy agenda in the host country, which meet the ministers and responsible 

Result Of G20 Summit in London

The G20 pledged to raise 1,000 billion resources of the International Monetary Fund (IMF) and World Bank. According to the final communique, the leaders of both institutions will now be appointed on merit. In practice, the IMF will include tripling its capacity, with 500 billion dollars, said Gordon Brown during a press conference. These funds will consist of "new money" and by special drawing rights (SDRs) of IMF. The Fund will also be able to sell gold to finance assistance to the poorest countries. And 250 billion dollars earmarked to help finance trade to revive world trade.

* A blacklist of tax havens

"Time banking secrecy is over", has congratulated Nicolas Sarkozy during his press conference after the summit. The principle of a blacklist of countries tax non-cooperative effect has been endorsed by the G20. The OECD should publish in the coming hours the list of states that do not comply with global rules for the exchange of tax information.

Anticipating a Growing Slowdown

It is this sense, urged caution and "major dose of caution" when assessing the data become known because they may not have noticed the "more severe" crisis in some areas, but concluded that Spain should receive "positively and with optimism:" Signs of recovery in the outside because the improvement of international environment provide "no doubt" national recovery.

Indeed, in statements to the media and asked about the forecast he made public on Thursday the Bank of Spain, pointing to a quarterly decline of 0.4% between July and September and an annual fall of 4.1%, Campa said who are "perfectly in line with

World Economic Growth

Growth is a measure of the welfare of the population of a country or region's economy and the success of economic policies. Implicitly, we assume that high economic growth is beneficial for the welfare of the