'Goldilocks growth': the bare facts

Article Abstract:

'Goldilocks growth' refers to perfectly balanced economic growth. This means that an economic expansion that is neither too hot, thus avoiding such problems as inflation, capacity constraints and balance of payments difficulties; nor too cold, hence warding off a growth recession and even negative growth. This elusive Goldilocks level is achieved when the economy's actual output and the potential output grow at the same rate, and capacity utilization problems that hinder economic expansion are avoided. For the UK, Goldilocks growth can be attained if the economy is managed such that its actual output grows at the rate pace as its 2.5% annual rate of growth of productive potential. Unfortunately, the current government's misguided ideological belief that long-term wealth creation is only possible through low inflation is preventing it from implementing measures that would help economy reach the Goldilocks level.

United Kingdom

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The World Bank is ready to lend to poor countries

Article Abstract:

The World Bank, which loans approximately $13 billion annually to government ministries, private enterprises and developmental projects sponsored by national governments, is comprised of 143 member nations that function as bank shareholders. Borrowers of World Bank funds must meet certain accounting requirements. Basically, borrowers are required to submit annual and interim financial reports that comply with generally accepted accounting principles or the standards promulgated by the International Accounting Standards Committee, accounting for all funds borrowed and the financial performance of the borrower. The financial performance standards required by the World Bank prior to granting loans, the audit and infrastructure project policies of the World Bank, and the assistance programs available from the World Bank are discussed in detail.

Economic policy, Developing countries, World Bank

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Chinese walls

Article Abstract:

China's trade relations with the US are evaluated, focusing on ways to strengthen China's economy to withstand international trade. Topics include disparities in regional economic development, formation of strong investor relations, impact of human rights issues on business relations, and China's accession into the World Trade Organization.

United States, China, Social aspects, Statistical Data Included, Methods, Membership, International economic relations, International trade, World Trade Organization

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