Gross domestic product, foreign exchange reserves, current account surpluses - big numbers are thrown around daily as Asia tries to measure how bad the Crisis is and whether it is bottoming out.
The NIC suggests that by 2030, Asia will have more "overall power" than the US and Europe combined - taking into account population size, gross domestic product (GDP), military spending and investment in technology.
Yet the West still chases slavishly after ever-higher gross domestic product, a purely material measure that takes no account of the blessings of nature or leisure.
The G20 summit is a meeting of 19 countries plus the European Union, which between them account for 80% of global gross domestic product and 80% of global trade.
Private companies are important to study because they account for up to 70% of gross domestic product and about 80% of new jobs.
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According to Goldstein, China's total current account surplus has ballooned from 1% of its gross domestic product in 2001 to 9% in 2006.
After the 2001 recession, financial-company profits rose to account for more than 2.5% of gross domestic product from less than 1% in the 1980s.
The U.S. and Europe already account for nearly half of the world's gross domestic product, and trade and investment already supports more than 13 million U.S. and European jobs.
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India's current-account deficit is estimated to be around 5% of gross domestic product in the last fiscal year ended March 31, compared with the previous year's 4.2%.
The current account deficit will likely narrow to 4.7% of gross domestic product in the current fiscal year from an estimated 5.1% last year, he said.
India's current account deficit widened to a record 5.4% of gross domestic product in the July-September quarter primarily driven by high oil and gold imports and a sharp slowdown in exports witnessed over the past year.
India's high current-account deficit, which hit a record 6.7% of gross domestic product in the October-December quarter, is expected to narrow this year aided by falling global commodity prices.
The RBI said that India's gaping current account deficit--which analyst expect to exceed 6% of gross domestic product in the current fiscal year through March--was another obstacle to cutting rates.
Gold imports have been a major contributor to the South Asian economy's current-account deficit that widened to a record 6.7% of gross domestic product in the October-December quarter, the latest period for which the figure is available.
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