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Algeria Changes Their Weekend

Posted on July 22, 2009 by Krista Moore
Topics: Imports/Exports, Trade
Countries: Algeria
Changing the dates of the weekend in Algeria has been endorsed by the World Bank. Photo: <a href="http://www.flickr.com/photos/rnw/2981710338/">Radio Nederland Wereldomroep (flickr)</a>
Changing the dates of the weekend in Algeria has been endorsed by the World Bank. Photo: Radio Nederland Wereldomroep (flickr)

The Algerian government hopes to boost the country's economy by shifting the weekend from Thursday and Friday to Friday and Saturday. The change comes after 33 years of Thursday-Friday weekends.

Because most other countries observe Friday and Saturday as the weekend, Algeria operates out of sync with its trading partners. The government expects the date change will add $800 million to Algeria's annual gross domestic product.

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Keywords: GDP, weekends

What a Slowing GDP Means for China's Workforce

Posted on January 23, 2009 by Chelsea Wieber
Countries: China

Most countries would love their economies to grow by 8 percent a year in a recession. But for China, at least, its expected 8-percent GDP growth in 2009 might really sting.

Yes, 8 percent is an impressive figure considering the economic times, but it's still a substantial dip from last year's 13-percent clip.

And that difference could spell dire consequences for China's workforce. One international economist says every percentage-point decline in GDP growth costs China two million jobs. Ouch!

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Keywords: GDP, global economic crisis, unemployment

From the Archives

War Costs Africa USD 18 Billion Annually

Posted on October 11, 2007
Previously filed under: Africa, Global Economy
Africa's wars have destroyed resources that could have benefited the continent's people.
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Keywords: war, GDP, international arms deals, United Nations

From the Archives

Scandinavia's Accounting Trick

Posted on March 29, 2007
Previously filed under: Europe and Middle East, General Globalization
Scandinavia's low unemployment is largely attributed to government involvement in the economy.
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Keywords: Scandinavia, globalization, Northern Europe, GDP, Accounting

From the Archives

AIDS and the Millennium Development Goals

Posted on March 15, 2007
Previously filed under: Africa, Health
Scholars from the International AIDS Vaccine Initiative and Ease International examine how the UN Millennium Development Goals affect AIDS globally.
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Keywords: GDP, gross domestic product; MDG, Millennium Development Goal; TB, Tuberculosis

From the Archives

Has Neo-Liberalism Failed Mexico?

Posted on March 5, 2007
Countries: Mexico
Previously filed under: North America, General Globalization
An advocate of free markets analyzes the effects of North American Free Trade Agreement (NAFTA) and questions why neo-liberal policies have failed Mexico.
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Keywords: trade, neo-liberalism, Nafta, GDP, free trade, economics

From the Archives

Latin America's Next Growth Challenge

Posted on February 5, 2007
Previously filed under: South America, Global Economy
Latin American economies have experienced four consecutive years of positive economic growth; will the trend continue?
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Keywords: Latin America, economy, growth, GDP, raw materials, development

From the Archives

How Chile Successfully Transformed Its Economy

Posted on December 8, 2006
Previously filed under: South America, Global Economy
The former Chilean Minister of Finance speaks about Chile's exceptional economic performance in the last two decades.
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Keywords: privatization, liberal economics, Chile, reform, economic growth, GDP, capital, growth

From the Archives

Is America Saving Enough to be Competitive in the Global Marketplace?

Posted on September 25, 2006
Previously filed under: North America, Global Economy
The US has had its cake and eaten it too in the form of low inflation, cheap borrowing and low interest mortgages. The question is whether it can go on.
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Keywords: global economy, America Saving, GDP

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