The share of real growth in the main emerging countries nominal US dollar GDP growth was 20 .

This means that the rich have been creaming off a giant share of productivity growth.

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

He added that the thrust now of the state is to share the country s growth with vulnerable sectors.

As the economic situation stabilized and growth resumed, the share of agriculture in GDP dropped to slightly over 20 (2006 data), although the share of agriculture in employment remained more than 40 .

If people believe that they will share in overall economic growth, they should be more likely to support social peace.

Official estimates put annual GDP growth at 6.5 in 2018 2022, while Peking University s Michael Pettis, for example, regards 3 4 growth as consistent with continuous rapid consumption growth and the targeted increase in consumption s share of GDP.

During the current cycle, China s rapid economic growth provided this impetus, exemplified by the country s rising share of global metals consumption.

But continued high growth in emerging markets depends on avoiding a second major downturn in the advanced economies, which continue to absorb a large (though declining) share of their exports. Slow growth is manageable.

Ominously, however, during the past two decades of slow growth, the share of inherited wealth has rebounded to about 12 of France s economy.

Employment in the manufacturing sector has tended to increase (as a share of total employment), even in India, with its services driven growth.

As they continue to grow, their share of the world economy will continue to rise, boosting global growth beyond what it otherwise would be.

Not even real GDP growth at a sustained annual rate of 4 is sufficient to increase the share of American adults who have jobs.

Why do the benefits of growth seem to be easier to share than are the burdens of adversity? This is not a trivial question.

However, with a growth rate significantly higher than for total retail trade, the share of e commerce in total retail trade is also growing.

It took Germany ten years (until about 2005) of slow growth to reduce capacity in the construction sector and gain market share for its export industry.

But the 1990 s was a decade of slow growth, and households devoted a rising share of their incomes to maintaining their level of consumer spending.

Often, the incremental growth that comes with a trade opening is unevenly shared moreover, in many cases, some receive a smaller share than they did before.

India has a higher share of services, and more rapid service sector growth, than China, although the latter is richer and has grown faster over time.

Various measures can be used to define the dynamism of a specific product's evolution in global exports over time, including the rate of growth over alternative periods, the degree of growth stability, and changes of a product's share in total exports.

The uncomfortable truth is that Chinese households have benefited far too little from the country s economic growth miracle. Indeed, households share of national income has declined considerably in the last decade, in sharp contrast to the advanced economies, where households share is consistently high.

Moreover, the trend over time to a higher service sector share in the economy suggests that higher real growth in services has not been offset by price declines.

Yet another reason for the correction is that valuations in stock markets are stretched price earnings ratios are now high, while growth in earnings per share is slackening, and will be subject to further negative surprises as growth and inflation remain low.

China s 7 growth target, while subject to a number of challenges, is based on maintaining private consumption growth of around 8 (while recognizing that exports and investment will not grow as strongly as before), thereby allowing the consumption share of GDP to rise.

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During the last quarter century, global economic growth has soared, but Africa continued to lose ground. Indeed, the continent s share of world exports fell from 4.6 in 1980 to 1.8 in 2000, and its share of world imports declined from 3.6 to 1.6 over the same period.

If people believe that they will share in overall economic growth, they should be more likely to support social peace. If they do not, unrest will become more likely.

The problem is that the investment share of China s GDP is already about 50 , while double digit investment growth in 2013 is expected to push that rate still higher.

We share in their pain we share in their sorrow.

Without growth, it will be difficult to stabilize public and private debts and deficits as a share of GDP the most important indicator of fiscal sustainability. Moreover, without growth, the social and political backlash against painful belt tightening will eventually undermine austerity and reform.

Such predictions were bolstered by reportedannual economic growth rates of 5 6 and an increase in the USSR s share of global output, from 11 to 12.3 , between 1950 and 1970.

But continued high growth in emerging markets depends on avoiding a second major downturn in the advanced economies, which continue to absorb a large (though declining) share of their exports.

But, unless Greece is able to increase its rate of economic growth, the budget will remain in deficit and the debt will remain at nearly its current share of GDP.

So, not only is public debt set to increase much faster than nominal GDP growth, but governments will have to devote an increasing share of their revenues to interest payments.

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The dynamism of a given commodity can be measured by different indicators such as the growth of world export value or the growth of its share in world commodities exports compared to those of other commodities of the same group (in the case of steel minerals and metals ).

How legitimate is this model? The Party s 60 million members, nearly all males and city dwellers, would probably approve, as might the 200 million Chinese who share the profits of rapid economic growth.

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