economic growth

NEWS: The Country Training People to Leave

March 9, 2015 // 0 Comments

A great article to discuss when teaching BRAINDRAIN. The country training people to leave By Stephen SackurBBC, Philippines The Philippines has one of the fastest growing economies in Asia – but there aren’t enough jobs to go around. So every year the government teaches thousands of people the skills they need to get jobs abroad. When I arrive at the state-run Housemaids Academy in Manila morning exercises are well under way. A squad of uniformed cleaners is poking feather dusters into all corners of the sitting room. In the kitchen trainee cooks are immersed in the finer points of salad preparation. The academy has the feel of a soap-opera set – each room meticulously dressed to ape the reality of a grand residence. Below stairs is a classroom filled with old fashioned school desks. Here, I’m told, the trainee house servants take lessons in hygiene, respect and personal finance. The Philippines government schools tens of thousands of maids, chauffeurs, [...]

NEWS via CNN: Plugging China’s talent pool

March 20, 2014 // 0 Comments

Plugging China’s talent pool By Zarina Banu for CNN March 20, 2014 — Updated 0603 GMT (1403 HKT) Many are leaving China for reasons like education, food and wealth security and air quality. STORY HIGHLIGHTS China sees 8.5 million mainly middle-class living abroad with less than 10% moving in Paper in China calls exodus “the world’s worst brain drain” Hong Kong (CNN) — “Culture is not the main reason why most Chinese people leave. This is a romantic view. Most people leave China because of practical reasons like education, food and wealth security and air quality.” This is the view of Li Chen, who moved to Hong Kong from the mainland two years ago. A combination of pragmatism and aspiration led the 32-year-old Masters of Journalism student to leave. He said when his wife was offered the chance to relocate to Hong Kong, the timing for the couple was just right. The move allowed Li to pursue his passion for photography and will earn him [...]

NEWS via CNN: Crimea-Economic fallout of a ‘yes’ vote

March 16, 2014 // 0 Comments

Crimea: Economic fallout of a ‘yes’ vote By Alanna Petroff and Mark Thompson  @CNNMoney March 15, 2014: 7:54 AM ET Crimea is voting on Sunday in a referendum to decide if the region should break from Ukraine and join Russia.  LONDON (CNNMoney) The Ukrainian region of Crimea votes Sunday on whether to join Russia, a move that could tip Europe back into a Cold War with its powerful eastern neighbor. The West has called the vote illegal, saying Russian military activity in Crimea violates Ukraine’s sovereignty and will influence the outcome of the referendum. U.S. and European leaders say Russia will pay a price for annexing Crimea, and German Chancellor Angela Merkel has warned of a potential “catastrophe.” Related: Live coverage of the crisis in Ukraine If, as expected, Crimeans choose Russia over Ukraine, the fallout could ultimately affect economic growth, trade, investment and energy supplies. Sanctions: Western powers may move as early as Monday [...]

NEWS via Guardian Liberty Voice: China Population Structure Change Demands Economic Reform

March 15, 2014 // 0 Comments

China Population Structure Change Demands Economic Reform Added by Tina Zhang on March 15, 2014. On March 13, China’s annual parliament meeting closed. Reforms in financialsector, economic structure, environmental protection, and many other areas were proposed. During the nine days of the meeting, there was plenty of news showing disappointing performance in areas such as investment, retail sales and factory output in the first two months of this year. These already invited speculations that policy easing from the government should be imminent. Beijing repeated said it would tolerate slower economic growth in exchange for economic structural transformation. Aside from the often-quoted reasons for such reform, the unstoppable change of the population structure demands China must tough through the pain of slowing economy and its structural reform. China’s working-age population shrank for the first time in 2012 by 3.45 million. Looking into the future, the number of 15 to 24 [...]

NEWS via Saratogian: China worries it’s losing the Pop-Culture Arms Race

March 9, 2014 // 0 Comments

China worries it’s losing the pop-culture arms race By Gu Jinglu and William Wan, The Washington Post POSTED: 03/07/14, 6:14 PM EST | BEIJING — There is no shortage of problems facing China these days: a terrorist attack that recently left 29 people killed and 143 injured; corruption in government; a worrisome slowdown in economic growth. So when the country’s two highest governing bodies met in Beijing this week, what was the burning issue on the delegates’ lips? A South Korean soap opera that has taken the country by storm. To be fair, it’s hard to overstate just how popular this show is these days. After the show’s female lead mentioned “beer and fried chicken” in one episode, it became one of the most invoked phrases online. Restaurants cashed in and started selling beer and fried chicken meals. One pregnant woman from Jiangsu, a province in eastern China, almost had a miscarriage, according to some news reports, after she stayed up too many nights [...]
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