Despite of this slow economic growth, India's energy demand continues to rise. The accelerated country growth w... ... middle of paper ... ...mitted to increase the oil production to 4 million barrels per day by the year 2020. Kuwait survived the economic catastrophe on the strength of its budget surpluses mainly generated by high oil prices, posting its tenth successive budget surplus in 2008, before slipping into deficit territory in the year 2009. Foreign exchange rates of Kuwaiti dinar are quite stable if compared with dollar. Figure 6 above shows the production and consumption capacity of the country which clearly depicts the exporting behavior of the country.
Steel production and consumption grew steadily in China in the initial years but later it picked up momentum and the closing years of the century saw it racing ahead of the rest of the world. China produced 220.1 million tonnes in 2003, 272.2 million tonnes in 2004 and 349.36 million tonnes in 2005. That is much above the production in 2005 of Japan at 112.47 million tonnes, the USA at 93.90 million tonnes and Russia at 66.15 million tonnes. For details of country-wise steel production see Steel production by
Industrial production expands at a higher and more sustained rate in an industrial economy than in a pre-industrial economy whose characteristics are low productivity and low output per head. Britain’s industrial output in the 18th century increased 4 times! The output increase was biggest in the four following areas: cotton, coal, Iron and Wool. Cotton increased 57 times, Coal 6 times, Iron furnaces in the South of Wales and Yorkshire expanded and became more productive, even wool production increased rapidly. However, the output increase was not as extreme for the other areas in industry and cotton, iron and engineering only accounted for 1/4 of manufacturing output.
A five percent increase from 1999 to 2000 is the highest level of yearly increase since 1984. The recent upward trend (until the last two quarters) in economic growth has been accompanied by increases in the rates of growth of consumption spending, investment spending and exports. Productivity increases; decreases in unemployment, expansion in the labor force, and increases in the amount of capital have allowed real GDP to grow at faster rates. Yet during this same time period, consumers have reduced their savings. Conclusion After reviewing the unemployment, inflation and the GDP history of the last decade it is obvious why the United States economy has been ranked number one in the world.
However, the government had a stake in industry, and therefore, the government was able to keep protests, and wage strikes down by using the secret police and using the army whenever necessary. The peasants wanted and demanded land reforms because they were sick of not actually owning the land and wanted to be free from the times of serfdom [see appendix VI]. Instead they had to pay a redemption tax to the state in order to pay for the ... ... middle of paper ... ...sional government wanted to get in to help the people of Russia. The books, The Russian Revolution 1917-1932 by Sheila Fitzpatrick and the compilation of documents and sources, The Russian Revolution 1917-1921 should and can be used for further research because of the valuable use of primary sources in The Russian Revolution 1917-1921 and the wide range of knowledge offered by The Russian Revolution 1917-1932. Bibliography Chernov, Victor.
Further more many economists are predicting further increases of more than 4 percent in the year of 2005. With this rapid increase of GDP it is increasing at more than twice the rate of the old 15 European Union members. Individually these countries have also been having great economic success. Latvia’s GDP is estimated to have grown around 8.5 percent. Not to mention that half of the new member countries have had more than double the increase than that of the average increase for EU countries which is about 2.4%.
Due to the rapid population growth and development the world is going through, the global demand of energy has increased and is expected to increase by more than 50% by 2030 (BBC.ND) with an annual growth rate of 1.6% (EIA.2011). However, energy demand differs between developed and developing countries whether it’s for power generating or for any other uses including transport and house hold uses. Energy is usually divided into two types, Renewable energy and Non-Renewable energy. The most common sources of energy are the non-renewable fossil fuels that come in form of oil, coal and gas. Although coal shows that most rapid increase since 2000 with an annual growth of 5.5% (International energy agency.
Work, which began in 1891 was finally finished in1903 (some sources suggest 1905). When it was complete it stretched for 5,785 miles, and increased Russia’s total miles of track from 13,270 in 1881 to 43,850 miles in 1913. Connecting the remotest parts of Russia to the west was imperative and had many knock on effects. For example it meant that infrastructure had to be improved, if not only slightly, so workers and aristocrats... ... middle of paper ... ... 2000 million Roubles of foreign money had been invested into the country. In conclusion it is safe to say that for a certain period of time, Witte did more for the modernisation of Russia than any one before him.
Stalin combined with the control of the secret police over the civilian population, the creation of an atmosphere of public paranoia, and the increase in party loyalty due to purges to consolidate totalitarian control over Soviet Russia by 1939. Stalin's revolution, spanning over the years of 1928-1932, changed society as well as Russian government profoundly. The sanctions and policies Stalin imposed led to the revolution and the undeniable tensions and contradictions that contributed to the mass repression of 1937 and 1938. These results influenced the Soviet government for many years to come.
During the purges (1934-38) the NKVD were vital. They arrested twenty million people in 1937 and created fear amongst communist workers, which became their biggest motivator. Stalin and Alexander III also persecuted groups with different beliefs to their own and banned opposition. The Tsar allowed black hundreds to kill Jew’s and Stalin closed down churches and made religious meetings outside them illegal. Nicholas II used Stolypin to deal with riots.