Meanwhile, the US share of global output has declined.

In 1800, Asia represented more than half of global population and output.

The US economy still accounts for about one quarter of global output.

Subsidies hurt developing country farmers because they lead to higher output and lower global prices.

After that, however, the Soviet growth rate and share of global output began a long decline.

The same thing happened this time when the crisis went global in 2008 2009, imports fell faster than output.

By 1900, the industrial revolution in Europe and North America drove down Asia s share of global output to 20 .

Global output is probably falling faster than at any rate since World War II, except perhaps for 1974 1975.

For instance, the energy consumption of every unit of Chinese industrial output is close to three times the global average.

For the past 50 years, these affluent countries have dominated the global economy, producing four fifths of its economic output.

But nowadays developing countries represent a much larger share of global output and an even bigger share of world lending.

This will raise actual output to the level of potential output, thereby closing the output gap.

Although their current combined GDP is still a relatively small fraction of global output (about 15 ), that share is rising rapidly.

Output

Output

The first thing to notice is that, as a result of the slump, capacity utilization is lower than it was 15 months ago global output has declined by roughly 5 since 2008, and developed country output by 4.1 .

Absent such confidence, Iraq s oil output will not approach its potential, which will only widen the gap between global supply and demand.

Periods in which trade grows at a slower pace than output are rare, and reflect severe strain on the global economy s health.

During the entire period, R D spending grew significantly faster than global output, reflecting both increasing government support and a rising share of technology intensive industries in global production and trade.

Output intensity.

Output device

Service led growth is sustainable, because globalization of services, which account for more than 70 of global output, is still in its infancy.

In 2004, the world economic recovery gained momentum, and global output accelerated to 4 per cent, up from 2.5 per cent in 2003.

The reliability and size of the European Union s farm output means that it can and should play the role of regulator in global markets.

On the tradable side, one should look for structural change and a shift in output to higher value added components of global supply chains.

Indeed, extrapolations of global supply that foresee an increase in uranium mining are based on claims about the ability to expand output in Kazakhstan.

Minimal output intensity.

Maximal output intensity.

From 2000 to 2008, these four countries share of global output rose rapidly, from 16 to 22 (in purchasing power parity terms), and their economies performed better than average in the subsequent global recession.

After all, more than 20 years of unusually sluggish trend growth in Japanese output has sharply reduced its incremental impact on the broader global economy.

Only Saudi Arabia can manage the global output of oil in such a way that will make room for Iraqi oil and keep prices high.

Add the following output

The G 20, which represents 80 of world output, came into its own in 2009 as the only multilateral body able to coordinate global economic policy.

Yemen s GDP is only 10 the size of Greece s, representing 0.05 of global output, and its economy is not significantly linked to the international financial system.

Unless their growth rates slow sharply, their contribution to world output will rise dramatically, and global growth will be stronger than worried Western analysts might appreciate.

The vast majority of steel manufactured in the world is produced using the basic oxygen furnace in 2000, it accounted for 60 of global steel output.

As a result, the income of the global elite is growing both rapidly and independently of what is happening in terms of overall output and employment growth.

Today, some interpret the rise in China s share of world output as signifying a fundamental shift in the balance of global power, but without considering military power.

This is an earth shaking development in 1980, when the United States accounted for 25 of world output, China s share of the global economy was only 2.2 .

Because agricultural output will more than double over this period, climate change would at worst cause global food production to double not in 2080 but in 2081.

It is a safe prediction, given that Asia is already home to nearly 60 of the world s population and accounts for roughly 25 of global economic output.

By 1913, these 10 countries, plus the United States, controlled vast global empires 58 percent of the world's territory, about the same percentage of its population, and a really huge, nearly three quarters share of global economic output.

tty output for background process

Output version information and exit

Output version information and exit