The shift from GNP to GDP a few years back put the emphasis on production by labor and property located in the United States rather than production by U.S. entities worldwide.

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This emphasis on production is not popular today.

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"The focus is on slick production values, with insufficient emphasis on the depth of subject matter, " says Jeyaretnam.

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Ms Spelman has said that the policy distorts trade and called for the subsidies to have less emphasis on food production, and reward farmers who take steps to protect the environment.

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So I place much more emphasis on the cheap production methods than perhaps you do.

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Its boss, Mr Kresa, says that Northrop saw the rundown in bomber production coming in the early 1990s and started to shift its emphasis to technology and systems.

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Because it specialises in high-margin goods, with an emphasis on craftsmanship and design, it still manufactures 85% of its production in Italy.

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Over the last several months, the chief executives of a number of major gold-mining companies said they are putting more emphasis on spending restraint and returning capital to shareholders, rather than a race for more total production.

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