TOKYO / WAM The Japanese government approved a plan to enhance the disaster resilience of ...
Read More »Let us praise GDP
It’s time to cut the GDP some slack. Overhauling the GDP — as some critics would — threatens to politicize one of our most useful economic indicators. It could be twisted to advance or retard political agendas. This is a bad idea. First, some background. GDP stands for “gross domestic product,†and it’s our standard measure of economic growth. When ...
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