Thursday, April 12, 2012

Blackmoney_caste (Economy)

World Economy 2012

Introduction To World Economy
After the recession of 2008, the world economy is seen on a revival path since the second quarter of 2009. It is seen as an outcome of revised policies introduced in after the recession stepped in. Yet, the recovery is not uniform across the globe and is not robust enough to provide positive stimulus.
International Finance and Investment, Unemployment and Other factors influence on World Economy
The recession of 2008-09 was created by financial institutions and they were the worst hit. However, the cascading impact can be seen in all the economies. The foreign direct investments have gone down drastically because of funds crunch. Lack of foreign investments has dried the resource pool and many projects had to be scrapped. It had direct impact on trade and productivity declined in the absence of financial resources and led to massive lay offs adding to the unemployment rate.  The number of unemployment has doubled in United States since 2007. However, the job losses are mostly in the manufacturing and export oriented sector. Labour markets are expected to remain weak in 2010.
World Economy Growth Prospects
An increasing number of economies have shown positive recovery though the collective GDP is estimated to fall by 2.2 per cent for 2009. If recent growth rate is sustained, then a mild growth of 2.4 per cent is an optimistic forecast for 2010 for the global economy.
Many manufacturing economies have seen a fall in exports following the change in inventory cycle. Domestic demand was constrained by credit crunch and stringent economic policies. Oil and essential commodities will be playing major role in deciding the recovery model of many economies. The unemployment rate is expected to go down with reopening of the international trade and boost to production once the economies align back to the revised inventory cycle. A strong recovery is expected in the developing countries as compared to the developed nations. It is expected that conditions for international trade will be challenging keeping in view that most of the exports are driven by developed nations. International policy responses were largely successful but needed an international coordination to bring the recovery on full swing.
World Economic Statistics
World GDP (PPP) 
$65 trillion
GDP Growth Rate 
5.20%
Growth Rate of Industrial Production 
5%
GDP By Sector 
Services- 64%, Industry- 32%, Agriculture- 4%
GDP Per Capita (PPP)
$9,774
Population
6.65 billion
The Poor (Income below $2 per day) 
3.25 billion (approximately 50%)
Millionaires
9 million (approximately 0.15%)
Labor Force 
3.13 billion
Exports 
$13.87 trillion
Imports 
$13.81 trillion
Inflation Rate - Developed Countries 
1% - 4%
Inflation Rate - Developing Countries 
5% - 20%
Unemployment - Developed Countries 
4% - 12%
Unemployment & Underemployment - Developing Countries
20% - 40%
Expectations About World Economy in Coming Months
Global economic recovery is expected to be sluggish with high unemployment rate and reduction in exports. Asian giants like China and India are expected to show strongest recovery propelled by robust financial market and self sustainability. In 2010, global recovery will remain below potential and most of the activities will be directed towards maintaining recovery and balancing global growth. Policy correction needs to be coordinated internationally so that all the economies can derive benefit out of it. However, concern still looms over financial sector recovery.
World Economy - World Economic Statistics:

World GDP (Purchasing Power Parity):
$70.29 Trillion (2009 est.) Countrywide Comparison for the World $70.84 Trillion (2008 est.)$68.81 Trillion (2007 est.) note: data are in 2009 USD
World GDP (Official Exchange Rate):
GWP (Gross World Product): $58.07 Trillion (2009 est.)
World GDP - Real Growth Rate:
-0.8% (2009 est.) Countrywide Comparison for the World 2.9% (2008 est.)5% (2007 est.)
World GDP - Per Capita (PPP):
$10,500 (2009 est.) Countrywide Comparison for the World $10,700 (2008 est.)$10,500 (2007 est.) note: data are in 2009 USD
World GDP - Composition by Sector:
Agriculture: 6% industry: 30.6% services: 63.4% (2009 est.)
World Labor Force:
3.179 billion (2009 est.) Countrywide Comparison for the World
World Labor Force - By Occupation:
Agriculture: 37.5% industry: 22.1% services: 40.4% (2007 est.)
World Unemployment Rate:
8.7% (2009 est.) Countrywide Comparison for the World 7.2% (2008 est.) note: 30% (2007 est.) combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment
World Household Income or Consumption by Percentage Share:
lowest 10%: 2.5% highest 10%: 29.5% (2003 est.)
World Investment (Gross Fixed):
22.7% of GDP (2009 est.) Countrywide Comparison for the World 23.6% of GDP (2008 est.)
World Public Debt:
56% of GDP (2009 est.) Countrywide Comparison for the World 48.9% of GDP (2008 est.)
World Inflation Rate (Consumer Prices):
developed countries 0% to 4% typically; developing countries 5% to 20% typically; national inflation rates vary widely in individual cases; inflation rates have declined for most countries for the last several years, held in check by increasing international competition from several low wage countries and lower oil prices Countrywide Comparison for the World
World Stock of Money:
$12.35 Trillion (31 December 2007) Countrywide Comparison for the World
World Stock of Quasi Money:
$27.31 Trillion (31 December 2007) Countrywide Comparison for the World
Worldwide Stock of Domestic Credit:
$69.9 Trillion (31 December 2007) Countrywide Comparison for the World
Worldwide Market Value of Publicly Traded Shares:
$NA (31 December 2009 est.) Countrywide Comparison for the World $34.95 Trillion (31 December 2008)$64.56 Trillion (31 December 2007 est.)
Worldwide Industries:
dominated by the onrush of technology, especially in computers, robotics, telecommunications, and medicines and medical equipment; most of these advances take place in OECD nations; only a small portion of non-OECD countries have succeeded in rapidly adjusting to these technological forces; the accelerated development of new industrial (and agricultural) technology is complicating already grim environmental problems
Worldwide Industrial Production Growth Rate:
-2.7% (2009 est.) Countrywide Comparison for the World
Worldwide Electricity - Production:
19.25 Trillion kWh (2007 est.) Countrywide Comparison for the World
Worldwide Electricity - Consumption:
17.93 Trillion kWh (2007 est.) Countrywide Comparison for the World
Worldwide Electricity - Exports:
615.4 billion kWh (2008 est.)
Worldwide Electricity - Imports:
613.9 billion kWh (2008 est.)
Worldwide Oil - Production:
87.51 Million bbl/day (2008 est.) Countrywide Comparison for the World
Worldwide Oil - Consumption:
84.34 Million bbl/day (2008 est.) Countrywide Comparison for the World
Worldwide Oil - Exports:
61.96 Million bbl/day (2007 est.) Countrywide Comparison for the World
Worldwide Oil - Imports:
66.5 Million bbl/day (2007 est.) Countrywide Comparison for the World
Worldwide Oil - Proved Reserves:
1.365 Trillion bbl (1 January 2009 est.) Countrywide Comparison for the World
Worldwide Natural Gas - Production:
3.127 Trillion cu m (2008 est.) Countrywide Comparison for the World
Worldwide Natural Gas - Consumption:
3.073 Trillion cu m (2008 est.) Countrywide Comparison for the World
Worldwide Natural Gas - Exports:
949.9 billion cu m (2008 est.) Countrywide Comparison for the World
Worldwide Natural Gas - Imports:
947.2 billion cu m (2008 est.) Countrywide Comparison for the World
Worldwide Natural Gas - Proved Reserves:
182.1 Trillion cum (1 January 2009 est.)Countrywide Comparison for the World
Worldwide Exports:
$12.4 Trillion (2009 est.) Countrywide Comparison for the World $15.96 Trillion (2008 est.)
Worldwide Exports - Commodities:
The whole range of industrial and Agricultural Goods & Services top 10 - Share of World Trade: Electrical Machinery, including Computers 14.8%; Scientific & Precision Instruments 3.5%; Plastics 3.4%; Iron & Steel 2.7%; Nuclear Reactors, Boilers, & Parts 14.2%; Cars, Trucks, & Buses 8.9%; Organic Chemicals 2.6%; Pharmaceutical Products 2.6%; Diamonds, Pearls, and Precious Stones 1.9%
Worldwide Exports - Partners:
US 12.7%, Germany 7.1%, China 6.2%, France 4.4%, Japan 4.2%, UK 4.1% (2008)
World Imports:
$12.29 Trillion (2009 est.) Countrywide Comparison for the World $15.9 Trillion (2008 est.)
Worldwide Imports - Commodities:
The whole range of industrial and Agricultural Goods & Services top ten - Share of World Trade: see listing for exports
Worldwide Imports - Partners:
China 10.3%, Germany 8.6%, US 8.1%, Japan 5% (2008)
Worldwide Debt - External:
$56.9 Trillion (31 December 2009 est.) Countrywide Comparison for the World $60.83 Trillion (31 December 2008 est.) Note:Data is the sum total of all countries' external debt, both public and private
Worldwide Stock of Direct Foreign Investment - At Home:
$16.42 Trillion (31 December 2008 est.) Countrywide Comparison for the World $15.32 Trillion (31 December 2007 est.)
Worldwide Stock of Direct Foreign Investment - Abroad:
$17.03 Trillion (31 December 2008 est.) Countrywide Comparison for the World $16.03 Trillion (31 December 2007 est.)



Related Articles

·                                 » Top World Economies 2012
·                                 » US (United States) Economy 2012
·                                 » UK Economy 2012
·                                 » Sweden Economy 2012
·                                 » San Francisco Economy 2012
·                                 » San Diego Economy 2012
·                                 » Russia Economy 2012
·                                 » Netherlands Economy 2012
·                                 » Malaysia Economy 2012
·                                 » Japan Economy 2012





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World Economies Article Archive

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Inflation rate countrywise
List of countries by inflation rate
This is the unsorted list of countries by inflation rate. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices.
The list is based on the CIA World Factbook data[1] and is updated according to the statistical updates by respective countries.
Rank
Country
Inflation rate
(consumer prices)
(%)
Date of
information
001 !1
-2.2
2010 est.
002 !2
-1.6
2010 est.
003 !3
-1.3
2010 est.
004 !4
-1.2
2010 est.
005 !5
-1.1
2009
006 !6
-0.8
2000
007 !7
-0.7
2010 est.
008 !8
0.1
2007 est.
009 !9
0.1
2009 est.
010 !10
0.2
2007 est.
011 !11
0.7
2009 est.
012 !12
0.7
2010
013 !13
0.7
2010 est.
014 !14
 Cuba
0.7
2010 est.
015 !15
0.8
2010 est.
016 !16
0.8
2009 est.
017 !17
0.9
2007 est.
018 !18
0.9
2010 est.
019 !19
1
2010 est.
020 !20
1
2010 est.
021 !21
1.1
2010 est.
022 !22
1.1
2010 est.
023 !23
1.1
2010 est.
024 !24
1.1
2010 est.
025 !25
1.1
2007
026 !26
1.2
2010 est.
027 !27
1.2
2010 est.
028 !28
1.3
2010 est.
029 !29
1.3
2010 est.
030 !30
1.4
2010 est.
031 !31
1.4
2010 est.
032 !32
1.4
2000 est.
033 !33
1.4
2010 est.
034 !34
1.4
2010 est.
035 !35
1.4
2010 est.
036 !36
1.5
2007 est.
037 !37
1.5
2010 est.
038 !38
1.5
2010 est.
039 !39
 Peru
1.5
2010
040 !40
1.6
2010 est.
041 !41
1.6
2010
042 !42
1.6
2010 est.
043 !43
1.6
2010 est.
044 !44
1.7
2009 est.
045 !45
1.7
2010 est.
046 !46
1.7
2010 est.
047 !47
1.8
2010 est.
048 !48
1.9
2010 est.
049 !49
1.9
2007 est.
050 !50
1.9
2010 est.
051 !51
1.9
2000
052 !52
2.1
2005 est.
053 !53
2.1
2010 est.
054 !54
2.1
2010 est.
055 !55
2.2
2010 est.
056 !56
2.2
2003
057 !57
2.2
2005
058 !58
2.3
2010 est.
059 !59
2.4
2010 est.
060 !60
2.4
2010 est.
061 !61
2.4
2007 est.
062 !62
2.4
2010 est.
063 !63
WORLD
2.5

064 !64
2.5
2010 est.
065 !65
 Mali
2.5
2007 est.
066 !66
2.5
2010 est.
067 !67
2.6
2010 est.
068 !68
2.6
2010 est.
069 !69
2.6
2002 est.
070 !70
2.6
2010 est.
071 !71
 Togo
2.6
2010 est.
072 !72
2.6
2010 est.
073 !73
2.7
2008 est.
074 !74
2.7
2005 est.
075 !75
2.8
38657
076 !76
2.8
2010 est.
077 !77
2.8
2010
078 !78
2.8
40330
079 !79
2.8
2008
080 !80
2.8
2005
081 !81
2.9
2010 est.
082 !82
2.9
2010 est.
083 !83
3
2007 est.
084 !84
3
2010 est.
085 !85
3
2010 est.
086 !86
3.1
2006 est.
087 !87
3.1
2010 est.
088 !88
3.1
2010 est.
089 !89
3.2
1997 est.
090 !90
3.3
2010 est.
091 !91
3.3
2010 est.
092 !92
3.3
2010 est.
093 !93
3.3
2010 est.
094 !94
3.3
2010 est.
095 !95
3.4
2005
096 !96
2.7
2012
097 !97
3.4
38869
098 !98
3.5
2010 est.
099 !99
3.5
2010 est.
100 !100
3.5
2010 est.
101 !101
3.5
2010 est.
102 !102
3.6
2010 est.
103 !103
3.6
1998
104 !104
3.7
2007 est.
105 !105
3.7
2006
106 !106
3.7
2010 est.
107 !107
3.8
2010 est.
108 !108
3.8
2007 est.
109 !109
3.8
2010 est.
110 !110
3.8
2006 est.
111 !111
3.9
2007 est.
112 !112
3.9
2010 est.
113 !113
 Chad
4
2010 est.
114 !114
 Oman
4
2010 est.
115 !115
 Niue
4
2005
116 !116
4
1995
117 !117
4.1
2010 est.
118 !118
4.1
2008
119 !119
4.1
2010 est.
120 !120
4.1
2010 est.
121 !121
4.2
2010 est.
122 !122
 Iraq
4.2
2010 est.
123 !123
4.3
2008 est.
124 !124
4.4
2010
125 !125
4.4
2010 est.
126 !126
4.5
2010 est.
127 !127
4.5
2007 est.
128 !128
4.5
2010 est.
129 !129
4.5
2010 est.
130 !130
4.5
2010 est.
131 !131
4.6
2010 est.
132 !132
4.6
2010 est.
133 !133
4.7
2010 est.
134 !134
4.7
2010 est.
135 !135
 Fiji
4.8
2007
136 !136
4.8
2010 est.
137 !137
4.9
2010 est.
138 !138
4.9
2010 est.
139 !139
5
2010 est.
140 !140
5
2010 est.
141 !141
5
2010 est.
142 !142
5.03
2010 est.
143 !143
5.1
2010 est.
144 !144
5.1
2010 est.
145 !145
5.2
2010 est.
146 !146
5.3
2006 est.
147 !147
5.5
2010 est.
148 !148
5.5
2007 est.
149 !149
5.5
2010 est.
150 !150
5.6
2010 est.
151 !151
5.7
2010 est.
152 !152
5.7
2010 est.
153 !153
5.8
2010 est.
154 !154
5.8
2010 est.
155 !155
5.9
2010 est.
156 !156
5.9
2007 est.
157 !157
6
2009 est.
158 !158
 Laos
6
2010 est.
159 !159
6
2010 est.
160 !160
3.14
2012
161 !161
6
2007 est.
162 !162
6.1
2010 est.
163 !163
6.3
2007 est.
164 !164
6.3
2010 est.
165 !165
6.4
2007 est.
166 !166
6.4
2010 est.
167 !167
6.5
2003 est.
168 !168
6.7
2010 est.
169 !169
6.8
2010 est.
170 !170
6.8
2010 est.
171 !171
6.9
2010
172 !172
6.9
2010 est.
173 !173
7
2010 est.
174 !174
7
2010 est.
175 !175
7.1
2010 est.
176 !176
7.1
2008
177 !177
7.2
2010 est.
178 !178
7.2
2010 est.
179 !179
7.2
2010 est.
180 !180
7.3
2010 est.
181 !181
7.3
2007 est.
182 !182
7.8
2010 est.
183 !183
7.8
2007 est.
184 !184
8
2010 est.
185 !185
8.1
2010 est.
186 !186
8.1
2010 est.
187 !187
8.1
2005
188 !188
8.2
2010 est.
189 !189
8.5
2010 est.
190 !190
8.6
September 2010 est.
191 !191
8.7
2010 est.
192 !192
9.4
2008 est.
193 !193
9.4
2010 est.
194 !194
9.6
2010 est.
195 !195
9.8
2010 est.
196 !196
9.8
2010 est.
197 !197
10.3
2010 est.
198 !198
10.9
2010 est.
199 !199
11.2
2007 est.
200 !200
11.3
2010 est.
201 !201
11.7
2010 est.
202 !202
11.7
2007 est.
203 !203
11.8
2010 est.
204 !204
 Iran
11.8
2010 est.
205 !205
11.8
2010 est.
206 !206
12
2010 est.
207 !207
12.2
2010 est.
208 !208
12.8
2010 est.
209 !209
12.9
2008 est.
210 !210
13
2010 est.
211 !211
13
2010 est.
212 !212
13
2010 est.
213 !213
13.3
2009 est.
214 !214
13.3
2010 est.
215 !215
13.4
2010 est.
216 !216
13.5
2010 est.
217 !217
13.9
2010 est.
218 !218
15
2010 est.
219 !219
15
2010 est.
220 !220
20
2010 est.
221 !221
22
2010 est.
222 !222
26.2
2010 est.
223 !223
29.8
2010 est.




What Is Inflation?

Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service.

The value of a dollar does not stay constant when there is inflation. The value of a dollar is observed in terms of purchasing power, which is the real, tangible goods that money can buy. When inflation goes up, there is a decline in the purchasing power of money. For example, if the inflation rate is 2% annually, then theoretically a $1 pack of gum will cost $1.02 in a year. After inflation, your dollar can't buy the same goods it could beforehand.

There are several variations on inflation:
·                                 Deflation is when the general level of prices is falling. This is the opposite of inflation.
·                                 Hyperinflation is unusually rapid inflation. In extreme cases, this can lead to the breakdown of a nation's monetary system. One of the most notable examples of hyperinflation occurred in Germany in 1923, when prices rose 2,500% in one month!
·                                 Stagflation is the combination of high unemployment and economic stagnation with inflation. This happened in industrialized countries during the 1970s, when a bad economy was combined with OPEC raising oil prices.
Causes of Inflation
Economists wake up in the morning hoping for a chance to debate the causes of inflation. There is no one cause that's universally agreed upon, but at least two theories are generally accepted:

Demand-Pull Inflation - This theory can be summarized as "too much money chasing too few goods". In other words, if demand is growing faster than supply, prices will increase. This usually occurs in growing economies.

Cost-Push Inflation - When companies' costs go up, they need to increase prices to maintain their profit margins. Increased costs can include things such as wages, taxes, or increased costs of imports.

Costs of Inflation
Almost everyone thinks inflation is evil, but it isn't necessarily so. Inflation affects different people in different ways. It also depends on whether inflation is anticipated or unanticipated. If the inflation rate corresponds to what the majority of people are expecting (anticipated inflation), then we can compensate and the cost isn't high. For example, banks can vary their interest rates and workers can negotiate contracts that include automatic wage hikes as the price level goes up.
Problems arise when there is unanticipated inflation:
·                                 Creditors lose and debtors gain if the lender does not anticipate inflation correctly. For those who borrow, this is similar to getting an interest-free loan.
·                                 Uncertainty about what will happen next makes corporations and consumers less likely to spend. This hurts economic output in the long run.
·                                 People living off a fixed-income, such as retirees, see a decline in their purchasing power and, consequently, their standard of living.
·                                 The entire economy must absorb repricing costs ("menu costs") as price lists, labels, menus and more have to be updated.
·                                 If the inflation rate is greater than that of other countries, domestic products become less competitive.



People like to complain about prices going up, but they often ignore the fact that wages should be rising as well. The question shouldn't be whether inflation is rising, but whether it's rising at a quicker pace than your wages.

Finally, inflation is a sign that an economy is growing. In some situations, little inflation (or even deflation) can be just as bad as high inflation. The lack of inflation may be an indication that the economy is weakening. As you can see, it's not so easy to label inflation as either good or bad - it depends on the overall economy as well as your personal situation.
---------------------------------------------------


Population

From Wikipedia, the free encyclopedia
Jump to: navigation, search
For other uses, see Population (disambiguation).

Distribution of world population in 1994.
Key
A population is all the organisms that both belong to the same group or species and live in the same geographical area. In ecology the population of a certain species in a certain area is estimated using the Lincoln Index. The area that is used to define a sexual population is such that inter-breeding is possible between any pair within the area and more probable than cross-breeding with individuals from other areas. Normally breeding is substantially more common within the area than across the border.[1]
In sociology, population refers to a collection of human beings. Demography is a social science which entails the statistical study of human populations. This article refers mainly to human population.

World human population

Main article: World population
As of today's date, the world population is estimated by the United States Census Bureau to be 7.005 billion.[3] The US Census Bureau estimates the 7 billion number was surpassed on 12 March 2012. According to a separate estimate by the United Nations, Earth’s population exceeded 7 billion in October 2011, a milestone that offers unprecedented challenges and opportunities to all of humanity, according to UNFPA, the United Nations Population Fund.[4]
According to papers published by the United States Census Bureau, the world population hit 6.5 billion (6,500,000,000) on 24 February 2006. The United Nations Population Fund designated 12 October 1999 as the approximate day on which world population reached 6 billion. This was about 12 years after world population reached 5 billion in 1987, and 6 years after world population reached 5.5 billion in 1993. The population of some countries, such as Nigeria, is not even known to the nearest million,[5] so there is a considerable margin of error in such estimates.[6]
Researcher, Carl Haub, calculated that a total of over 100 billion people have probably been born in the last 2000 years.[7]

[edit] Predicted Growth and Decline


Time taken for each billion people to be added to the world's population (including future estimates). See also alt. chart
Main article: Population growth
Population growth increased significantly as the Industrial Revolution gathered pace from 1700 onwards.[8] The last 50 years have seen a yet more rapid increase in the rate of population growth[8] due to medical advances and substantial increases in agricultural productivity, particularly beginning in the 1960s,[9] made by the Green Revolution.[10] In 2007 the United Nations Population Division projected that the world's population will likely surpass 10 billion in 2055.[11]
In the future, world population has been expected to reach a peak of growth, from there it will decline due to economic reasons, health concerns, land exhaustion and environmental hazards. According to one report, it is very likely that the world's population will stop growing before the end of the 21st century. Further, there is some likelihood that population will actually decline before 2100.[12] Population has already declined in the last decade or two in Eastern Europe, the Baltics and in the Commonwealth of Independent States.[13]
The population pattern of less-developed regions of the world in recent years has been marked by gradually declining birth rates following an earlier sharp reduction in death rates.[14] This transition from high birth and death rates to low birth and death rates is often referred to as the demographic transition.[14]

[edit] Control

Human population control is the practice of artificially altering the rate of growth of a human population. Historically, human population control has been implemented by limiting the population's birth rate, usually by government mandate, and has been undertaken as a response to factors including high or increasing levels of poverty, environmental concerns, religious reasons, and overpopulation. While population control can involve measures that improve people's lives by giving them greater control of their reproduction, some programs have exposed them to exploitation.
Worldwide, the population control movement was active throughout the 1960s and 1970s, driving many reproductive health and family planning programs. In the 1980s, tension grew between population control advocates and women's health activists who advanced women's reproductive rights as part of a human rights-based approach.[15] Growing opposition to the narrow population control focus led to a significant change in population control policies in the early 1990s.[16]


List of countries by population
This is a list of countries by population. The list includes independent countries and inhabited dependent territories based on the ISO standard ISO 3166-1. Also given, as a percentage, is each country's population compared to the population of the world, which according to the United States Census Bureau population clock is 7,005,800,000.[1] According to a separate estimate by the United Nations, it has already also exceeded 7 billion.[2][3][4] Areas that form integral parts of sovereign states, such as the countries of the United Kingdom, are counted as part of the sovereign states concerned. Not included are other entities, such as the European Union,[note 1] that are not sovereign states, and dependent territories that do not have permanent populations, such as various countries' claims to Antarctica.n1
Figures used in this chart are based on the most recent estimate or projection by the national census authority where available and usually rounded off. Where national data is not available, figures are based on the 2012 estimate by the Population Division of the United Nations Department of Economic and Social Affairs.[5] Because the compiled figures are not collected at the same time in every country, or at the same level of accuracy, the resulting numerical comparisons may result in misleading conclusions. Further, the addition of all countries may not equal the world total.
For a graphical version of this list, see list of countries by population (graphical). See also list of countries and dependencies by population density and the list of regional organizations by population.

List

Rank
Country (or dependent territory)
Population
Date
 % of world
population
Source
1
1,347,350,000
December 31, 2011
19.23%
2
1,210,193,422
March 1, 2011
17.27%
3
313,326,000
April 9, 2012
4.47%
4
237,641,326
May 1, 2010
3.39%
5
192,376,496
July 1, 2011
2.75%
6
179,951,000
July 1, 2012
2.57%
UN estimate
7
162,471,000
July 1, 2012
2.32%
UN estimate
8
143,030,106
January 1, 2012
2.04%
9
142,319,000
March 15, 2011
2.03%
10
127,650,000
March 1, 2012
1.82%
11
112,336,538
June 12, 2010
1.6%
12
92,337,852
May 1, 2010
1.32%
13
87,840,000
July 1, 2011
1.25%
14
84,320,987
July 1, 2012
1.2%
15
81,831,000
September 30, 2011
1.17%
16
81,797,000
April 9, 2012
1.17%
17
 Iran
76,283,000
April 9, 2012
1.09%
18
74,724,269
December 31, 2011
1.07%
19
67,758,000
July 1, 2012
0.97%
UN estimate
20
65,479,453
September 1, 2010
0.93%
21
65,350,000
January 1, 2012
0.93%
22
62,300,000
July 1, 2010
0.89%
23
60,776,531
September 30, 2011
0.87%
24
50,586,757
July 1, 2011
0.72%
25
48,580,000
November 1, 2010
0.69%
26
 Myanmar (Burma)
48,337,000
July 1, 2012
0.69%
UN estimate
27
46,462,000
April 9, 2012
0.66%
28
46,196,278
January 1, 2012
0.66%
29
45,644,419
December 1, 2011
0.65%
30
43,188,000
July 1, 2010
0.62%
31
40,117,096
October 27, 2010
0.57%
32
38,610,097
August 24, 2009
0.55%
33
38,501,000
March 31, 2011
0.55%
34
37,100,000
January 1, 2012
0.53%
35
34,762,600
April 9, 2012
0.5%
36
 Iraq
33,330,000
July 1, 2011
0.48%
37
32,939,800
July 1, 2011
0.47%
38
32,517,500
April 9, 2012
0.46%
39
30,894,000
April 22, 2008
0.44%
40
 Peru
30,135,875
June 30, 2012
0.43%
41
29,123,400
January 1, 2011
0.4%
42
28,334,135
July 6, 2010
0.4%
43
27,150,095
November 30, 2011
0.39%
44
27,136,977
April 28, 2010
0.39%
45
26,620,809
June 22, 2011
0.38%
46
24,527,000
July 1, 2012
0.35%
47
24,485,600
January 1, 2011
0.35%
48
24,223,431
September 26, 2010
0.35%
49
24,052,231
October 1, 2008
0.34%
50
23,234,003
February 29, 2012
0.33%
51
23,049,621
July 1, 2011
0.33%
52
22,881,635
April 9, 2012
0.33%
53
21,519,000
April 9, 2012
0.31%
54
21,395,000
July 1, 2009
0.31%
55
20,696,070
July 1, 2011
0.3%
56
20,653,000
July 1, 2010
0.29%
57
20,609,294
July 1, 2012
0.29%
58
19,406,100
January 1, 2010
0.28%
59
19,042,936
October 20, 2011
0.27%
60
17,248,450
June 30, 2011
0.25%
61
16,728,091
January 31, 2012
0.24%
62
16,698,000
February 1, 2012
0.24%
63
16,274,738
July 1, 2012
0.23%
64
15,730,977
July 1, 2010
0.22%
65
14,713,763
July 1, 2011
0.21%
66
 Mali
14,528,662
April 1, 2009
0.21%
67
14,483,499
November 28, 2010
0.21%
68
13,395,682
March 3, 2008
0.19%
69
13,077,160
June 1, 2008
0.19%
70
13,046,508
October 16, 2010
0.19%
71
12,855,153
July 1, 2011
0.18%
72
12,754,000
July 1, 2012
0.18%
UN estimate
73
 Chad
11,274,106
May 20, 2009
0.16%
74
 Cuba
11,241,161
December 31, 2010
0.16%
75
10,839,905
January 1, 2010
0.15%
76
10,787,690
May 24, 2011
0.15%
77
10,718,379
July 1, 2011
0.15%
78
10,673,800
July 1, 2011
0.15%
79
10,561,614
March 21, 2011
0.15%
80
10,548,527
September 30, 2011
0.15%
81
10,426,154
July 1, 2010
0.15%
82
10,217,591
July 1, 2009
0.15%
83
10,085,214
July 1, 2010
0.14%
84
9,985,722
January 1, 2011
0.14%
85
9,486,591
January 31, 2012
0.14%
86
9,463,000
February 1, 2012
0.14%
87
9,378,818
December 1, 2010
0.13%
88
9,331,000
July 1, 2010
0.13%
89
9,235,100
January 1, 2012
0.13%
90
9,100,000
July 1, 2012
0.13%
UN estimate
91
8,452,835
July 1, 2012
0.12%
92
8,264,070
July 1, 2010
0.12%
93
8,260,490
April 22, 2008
0.12%
94
8,215,313
July 1, 2011
0.12%
95
8,038,618
June 18, 2008
0.11%
96
7,870,100
December 31, 2010
0.11%
97
7,848,800
January 31, 2012
0.11%
98
7,616,000
January 1, 2011
0.11%
99
7,364,570
February 1, 2011
0.11%
100
7,120,666
October 1, 2011
0.1%
101
7,108,100
July 1, 2011
0.1%
102
7,014,000
July 1, 2012
0.1%
UN estimate
103
 Laos
6,465,800
July 1, 2012
0.092%
104
6,423,000
July 1, 2012
0.092%
UN estimate
105
6,337,127
July 1, 2010
0.09%
106
6,286,200
April 9, 2012
0.09%
107
 Togo
6,191,155
November 6, 2010
0.088%
108
6,183,000
June 30, 2010
0.088%
109
5,997,000
July 1, 2012
0.086%
UN estimate
110
5,815,524
July 1, 2010
0.083%
111
5,580,516
January 1, 2012
0.08%
112
5,477,600
July 1, 2011
0.078%
113
5,445,324
September 30, 2011
0.078%
114
5,415,000
July 1, 2012
0.077%
UN estimate
115
5,406,530
April 9, 2012
0.08%
116
5,183,700
June 30, 2011
0.074%
117
5,105,000
July 1, 2012
0.073%
UN estimate
118
5,003,800
April 9, 2012
0.071%
119
4,588,252
April 10, 2011
0.065%
120
4,487,000
July 1, 2012
0.064%
UN estimate
121
4,469,200
January 1, 2011
0.064%
122
4,431,800
April 9, 2012
0.063%
123
4,301,712
June 3, 2011
0.061%
124
4,293,309
July 1, 2012
0.061%
125
4,290,612
March 31, 2011
0.061%
126
4,259,000
July 1, 2012
0.061%
UN estimate
127
4,140,000
July 1, 2012
0.059%
UN estimate
128
3,839,737
June 30, 2011
0.055%
129
3,725,789
April 1, 2010
0.053%
130
3,582,054
December 31, 2010
0.051%
131
3,560,400
January 1, 2011
0.051%
132
3,476,608
April 1, 2008
0.05%
133
3,405,813
May 16, 2010
0.049%
134
3,340,627
July 1, 2011
0.048%
135
3,268,500
July 1, 2011
0.047%
136
3,251,526
September 30, 2011
0.046%
137
3,192,800
February 1, 2012
0.046%
138
2,831,741
October 1, 2011
0.04%
139
 Oman
2,773,479
December 12, 2010
0.04%
140
2,736,800
July 1, 2009
0.039%
141
2,705,800
December 31, 2010
0.039%
142
2,324,000
July 1, 2012
0.033%
UN estimate
143
2,194,000
July 1, 2012
0.031%
UN estimate
144
2,067,887
March 1, 2011
0.03%
145
2,057,284
December 31, 2010
0.029%
146
2,057,420
April 9, 2012
0.029%
147
2,038,228
August 22, 2011
0.029%
148
1,776,000
July 1, 2012
0.025%
UN estimate
149
1,699,435
April 21, 2010
0.024%
150
1,534,000
July 1, 2012
0.022%
UN estimate
151
1,520,830
March 1, 2009
0.022%
152
1,317,714
July 1, 2010
0.019%
153
1,316,541
January 1, 2012
0.019%
154
1,280,924
July 1, 2010
0.018%
155
1,234,571
April 27, 2010
0.018%
156
1,203,000
July 1, 2012
0.017%
UN estimate
157
1,066,409
July 11, 2010
0.015%
158
 Fiji
868,000
July 1, 2012
0.012%
UN estimate
159
838,897
October 1, 2011
0.012%
160
818,159
June 1, 2009
0.012%
161
816,364
January 1, 2009
0.012%
162
784,894
July 1, 2010
0.011%
163
720,679
July 1, 2012
0.01%
164
720,000
July 1, 2012
0.01%
UN estimate
165
669,300
July 1, 2009
0.0096%
166
620,029
April 1, 2011
0.0089%
167
560,100
September 1, 2011
0.008%
168
553,935
July 1, 2012
0.0079%
169
548,000
July 1, 2012
0.0078%
UN estimate
170
529,000
July 1, 2012
0.0076%
UN estimate
171
511,840
January 1, 2011
0.0073%
172
491,875
June 16, 2010
0.007%
173
422,700
July 1, 2011
0.006%
174
417,617
December 31, 2010
0.006%
175
401,554
January 1, 2009
0.0057%
176
396,404
January 1, 2009
0.0057%
177
353,658
May 3, 2010
0.005%
178
319,575
January 1, 2012
0.0046%
179
317,280
July 1, 2010
0.0045%
180
312,971
May 12, 2010
0.0045%
181
274,200
July 1, 2010
0.0039%
182
274,000
July 1, 2012
0.0039%
UN estimate
183
245,580
July 27, 2009
0.0035%
184
234,023
November 16, 2009
0.0033%
185
224,469
January 1, 2009
0.0032%
186
211,000
July 1, 2012
0.003%
UN estimate
187
186,340
November 7, 2011
0.0027%
188
169,000
July 1, 2012
0.0024%
UN estimate
189
166,526
May 10, 2010
0.0024%
190
159,358
April 1, 2010
0.0023%
191
149,679
March 26, 2011
0.0021%
192
106,405
April 1, 2010
0.0015%
193
103,328
May 12, 2011
0.0015%
194
103,036
November 30, 2011
0.0015%
195
102,624
April 4, 2010
0.0015%
196
101,484
September 29, 2010
0.0014%
197
101,000
July 1, 2012
0.0014%
UN estimate
198
100,892
July 1, 2009
0.0014%
199
 Jersey (UK)
97,857
March 27, 2011
0.0014%
200
90,945
August 26, 2010
0.0013%
201
86,295
May 27, 2011
0.0012%
202
84,497
March 27, 2011
0.0012%
203
78,115
July 1, 2011
0.0011%
204
71,293
May 14, 2011
0.001%
205
 Bermuda (UK)
64,237
May 20, 2010
0.00092%
206
62,431
March 31, 2010
0.00089%
207
56,749
January 1, 2012
0.00081%
208
55,519
April 1, 2010
0.00079%
209
54,878
October 10, 2010
0.00078%
210
54,305
July 1, 2010
0.00078%
211
53,883
April 1, 2010
0.00077%
212
51,970
July 1, 2009
0.00074%
213
48,372
January 1, 2012
0.00069%
214
44,493
July 1, 2012
0.00064%
215
37,429
January 1, 2010
0.00053%
216
36,824
January 1, 2009
0.00053%
217
36,157
December 31, 2010
0.00052%
218
35,881
July 1, 2010
0.00051%
219
32,252
January 31, 2012
0.00046%
220
29,441
July 1, 2010
0.00042%
221
28,355
December 31, 2011
0.0004%
222
28,213
July 1, 2008
0.0004%
223
21,133
January 1, 2011
0.0003%
224
21,000
July 1, 2012
0.0003%
UN estimate
225
17,791
December 1, 2011
0.00025%
226
15,236
July 1, 2011
0.00022%
227
13,445
July 21, 2008
0.00019%
228
10,000
July 1, 2012
0.00014%
UN estimate
229
10,000
July 1, 2012
0.00014%
UN estimate
230
8,902
January 1, 2009
0.00013%
231
6,082
January 1, 2009
0.00006%
232
4,932
July 1, 2009
0.00005%
233
4,000
July 1, 2012
0.00004%
UN estimate
234
3,000
July 1, 2012
0.00003%
UN estimate
235
2,495
March 1, 2010
0.00002%
236
2,302
August 9, 2011
0.00002%
237
1,462
June 30, 2010
0.00001%
238
 Tokelau (NZ)
1,411
October 18, 2011
0.00001%
239
 Niue (NZ)
1,000
July 1, 2012
0.00001%
UN estimate
240
800
March 1, 2011
0.00001%
241
605
June 30, 2010
0.000001%
242
66
July 1, 2008
0.0000001%




---------------------------------------------------
April 7, 2012 00:27 IST United Nations,

India will see highest urban population rise in next 40 years’

Aarti Dhar

The Hindu India and China will witness unprecedented increase in their urban populations in the next four decades, posing new challenges of providing jobs, energy housing and infrastructure to their people, a U.N. report said. File photo
U.N. report says China, India together will account for about third of the increase in urban population in coming decades
India will witness the largest increase in urban population in the next four decades followed by China, a United Nations report has said.
India will add another 497 million to its urban population between 2010 and 2050, while China will see 341 million people shifting into cities, followed by Nigeria (200 million), the United States (103 million) and Indonesia (92 million), according to the U.N.'s ‘2011 Revision of the World Urbanisation Prospects' report released on Friday.
The projected increase in urban population in India and Nigeria between 2010 and 2050 will be higher than that of the past 40 years.
This trend is particularly prominent in Nigeria, where the urban population grew by only 65 million between 1970 and 2010, but is projected to increase by 200 million between 2010 and 2050 the third largest increase in urban population of all countries of the world.
In 2025, Tokyo is projected to remain the world's most populous urban agglomeration, with almost 39 million inhabitants, although the population will scarcely increase. It will be followed by Delhi with 33 million inhabitants and Shanghai in China with 28.4 million inhabitants. Mumbai would come next, with almost 27 million inhabitants. All three cities are expecting important population gains.
High rates of growth are expected in Lagos, Dhaka, and Karachi in Pakistan (all having growth rates well above 2 per cent per year).
In addition, the megacities in India (Delhi, Kolkata and Mumbai) and in China (Shenzhen, Beijing, Guangzhou, Shanghai) plus Manila are expected to grow considerably faster than those in Egypt or Turkey.
These trends are consistent with the overall differentials in fertility among the national populations.
The world urban population is highly concentrated in a few countries. In 2011, about three quarters of the 3.6 billion urban dwellers lived in 25 countries, whose populations ranged from 31 million in Ukraine to 682 million in China. China, India and the U.S. accounted for 37 per cent of the world urban population.
Most of the 25 countries with the largest urban populations are highly urbanised, but eight have levels of urbanisation ranging from 28 per cent to 51 per cent and they include some of the most populous countries in the world: Bangladesh, China, India, Indonesia, Nigeria and Pakistan.
Similarly, the increases in the world urban population are concentrated in a few countries, with China and India together projected to account for about a third of the increase in the population in the coming decades.
Between 2011 and 2030, the urban areas of the world are expected to gain 1.4 billion people, including 276 million in China and 218 million in India, which account together for 37 per cent of the total increase.
Sole driver
Between 2000 and 2050, urban growth will be the sole driver of the increase in the urban population of China. In India, the urban population is expected to increase by two-thirds due to urban growth and one- third due to the overall population increase. In contrast, the urbanisation of the U.S. until 2050 will be still mainly led by an increase in the overall increase of the population
This “unprecedented” increase in urban population will provide new opportunities to improve education and public services in Africa and Asia, the report said.
It, however, warned that the trend would also “pose new challenges of providing jobs, housing, energy and infrastructure to mitigate poverty, expansion of slums and deterioration of the urban environment.”
---------------------------------------------------




April 6, 2012 00:16 IST KOZHIKODE

CPI(M) worried at job loss, contract system, farmer suicides

Special Correspondent
State has failed to create adequate jobs for rural and urban masses, says Party Congress

The Communist Party of India (Marxist) on Thursday expressed concern at job loss growth, growing contract system and the increasing number of suicides among farmers, and alleged that the Indian state had failed to create adequate jobs for rural and urban masses.
The Party Congress here said the National Sample Survey data for 2009-10 showed a sharp decline in employment growth from an annual rate of 2.7 per cent during 2000-05 to a mere 0.8 per cent during 2005-10.
Growth of non-agricultural employment fell from 4.65 per cent a year to 2.53 per cent, even when the GDP clocked 8 per cent, a resolution adopted at the Congress said. Even the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) could not ensure 40-50 days of work per household a year, despite its statutory provision to create 100 days of work.
Condemning the recruitment ban by the Central government and public sector units, the resolution opposed the policy of abolishing vacant posts in government departments. It demanded that the ban be lifted and the policy revoked. It wanted the government to provide unemployment allowance, extend the MGNREGA to individuals, launch an urban employment guarantee scheme, enhance financial support for self-employment schemes and release the employment data along with the quarterly GDP estimates.
As for the contract system, the resolution said the Central and many State governments were shamefully pursuing neo-liberal policies that led to the system. “In the name of making industries competitive and attracting investments, the Central government has permitted [a] gross violation of the Contract Labour (Regulation and Abolition) Act, 1970, by the private and public sector,” it said. The law prohibited contract employment in jobs of perennial nature. The practice was widespread in the manufacturing, service and government sectors, and rampant in the unorganised sector.
Through another resolution, the Party Congress supported the struggles of contract workers and trade unions demanding an end to the “exploitative” contract system in regular jobs, and amendments to the Act to regularise the services of workers in jobs of perennial nature. Till then, such workers should be paid wages equal to those of a regular worker, along with social security benefits.
A resolution on farmers' suicides and the agrarian crisis noted that 2.56 lakh farmers had committed suicide between 1995 and 2010 and the persisting trend showed that the partial debt relief given by the UPA government in 2008 was a failure.
It demanded that the recommendations of the National Commission for Farmers be implemented; subsidies restored; the public distribution system expanded; a special sub-quota for agricultural credit by banks to small and marginal farmers created; a comprehensive crop insurance scheme introduced; and a fund opened to assist farmers affected by crop losses.
---------------------------------------------------





NEW DELHI,

‘Casual worker also a workman; widow entitled to compensation'


Staff Reporter



The Delhi High Court has upheld an order of the Commissioner, Workman's Compensation Act, granting compensation to the family of a casual worker who had died while doing repair work at a shop in Kamla Nagar here in 2004.

The shop-owner Govind Goenka had challenged the Commissioner's order submitting that the worker, Bhikham Singh alias Jagdish, was not his employee as he had been engaged by a contractor whom he had awarded the repair work.

He further argued that as the worker was not doing a work connected with his trade and business, he was not liable to pay compensation.

He had also disputed the identity of the worker saying that at the time of rushing him to hospital, he had mentioned his name as Jagdish, not Bhikham Singh. However, the Court dismissed it.

Counsel for the widow of the victim submitted that there was no illegality in the Commissioner's order as a casual worker was also covered under the definition of a workman under the Act.

Upholding the Commissioner's order, Justice Kailash Gambhir said that though prior to amendments to the Act in 2000, a casual worker did not qualify to be a workman, however, after the amendments, the lacunae had been removed.

Even if a worker engaged by a contractor for a work in the premises of a third party, the latter would be considered a principal employer, not the contractor, and the worker would be qualified to be his workman, Justice Gambhir said, quoting the amendments to the Act by Parliament.

“For the expeditious grant of compensation in the event of such accidents taking place in favour of the victim's dependent members, this Act was enacted and a hyper technical interpretation of the statute would not only defeat the purpose of the said Act but would be adding insult to injury. Hence, in the present case, this court does not find any merit in the present appeal,” Justice Gambhir said dismissing the plea of the shop owner.

The worker had died when a partition wall of the shop had fallen over him while he along with his co-workers was doing the repair work.The Commissioner had granted a compensation of Rs. 2.63 lakh to the widowati, of the victim.
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Published: October 22, 2011 21:52 IST | Updated: October 23, 2011 03:48 IST 
LONDON

St. Paul's looms over protests


 Hasan Suroor
AFP ALARM BELLS: Protestors gather outside Saint-Paul's Cathedral in London on Saturday.
Normally, the City of London — Britain's equivalent of Wall Street — is all pinstriped suits and bowler hats with high-flying bankers and financial traders rushing in and out of their gleaming glass-and-chrome offices or popping in and out of scores of champagne bars in the area, but for the past one week it has become the open-air “headquarters” of the country's anti-capitalist movement.
In a symbolic “occupation” of the City, protesters demanding an end to “corporate greed and inequality,” have been camping outside the historic St. Paul's Cathedral, close to the London Stock Exchange, in colourful tents complete with portable toilets and improvised kitchens. A large banner with the message “Capitalism is crisis” flies across the churchyard under the shadow of the imposing dome of St. Paul's.
What began as a small gathering has swelled to several hundred, prompting a backlash from the cathedral authorities who want the protesters to quit citing “health and safety” considerations. There had also been complaints from tourists that the protesters were obstructing the approach to the 350-year-old cathedral. Souvenir shops and restaurants reported drop in business as tourist numbers fell.
On Saturday, the cathedral was shut down after the protesters refused to leave insisting that they were determined to stay put “for as long as it takes” to put across their message. This is the first time since the Second World War that it has been closed. The last time it was done was for four days in September 1940.
The Dean of St Paul's, the Rev. Graeme Knowles, said the decision to close the cathedral to the public was made with “heavy hearts.” It was “simply not possible to fulfil our day to day obligations to worshippers, visitors and pilgrims in current circumstances”.
“With so many stoves and fires and lots of different types of fuel around, there is a clear fire hazard,” he said. 
Ironically, it was at the intervention of the cathedral authorities that police had allowed the protesters to set up the camps.
When they first arrived last Saturday, police wanted to move them saying it would be “illegal and disrespectful” to camp in front of the cathedral. But the canon chancellor of St. Paul's, Reverend Giles Fraser, said he was happy for people to “exercise their right to protest peacefully.”
A spokesman for protesters said they had already reorganised the camp in response to concerns about safety and were in talks with the police and cathedral officials to resolve the stand-off.

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http://www.indianexpress.com/news/antiwall-street-movement-spreads-inus/860731/

Anti-Wall Street movement spreads in US

Associated Press Posted online: Mon Oct 17 2011, 00:32 hrs
New York : About 175 protesters who were part of a growing anti-Wall Street movement were arrested in Chicago early Sunday when they refused to take down their tents and leave a city park when it closed, the police said, after a day of protests in cities around the world where tens of thousands gathered to rally against what they see as corporate greed.
Most of the marches were largely nonconfrontational, though dozens were arrested in New York and elsewhere in the US when the police moved to contain overflowing crowds or keep them off private property. Two officers in New York were injured and had to be hospitalised.
At least one protest grew violent. In Rome, rioters hijacked what had been a peaceful gathering by tens of thousands and smashed windows, tore up sidewalks and torched vehicles. Repair costs were estimated at $1.4 million, the mayor said Sunday. Around 70 people were injured.
In Chicago, about 500 people set up camp at the entrance to Grant Park after a protest earlier in the day involving about 2,000, the Chicago Tribune reported. The police said they gave protesters repeated warnings after the park closed at 11 pm and began making arrests when they refused to leave. They could face fines for violating a municipal ordinance.
In New York, two dozen were arrested late Saturday when demonstrators entered a Citibank branch and refused to leave, the police said. Earlier, as many as 1,000 demonstrators also paraded to a Chase bank branch, banging drums, blowing horns and carrying signs decrying corporate greed. The day culminated in an event in the city’s Times Square, where thousands of demonstrators mixed with gawkers, Broadway showgoers, tourists and police to create a chaotic scene in the midst of Manhattan. “Banks got bailed out, we got sold out!’’ protesters chanted from within police barricades.
In New York City, the protesters at the heart of the “Occupy Wall Street” movement were planning a day of rest Sunday. The group that insists on being leaderless had nothing on its agenda save its nightly assembly and one committee meeting.
Throughout the US, from several dozen people in JacksonMississippi, to some 2,000 each in Pittsburgh and Chicago, the protest gained momentum. Nearly 1,500 gathered for a march past banks in downtown OrlandoFlorida. Hundreds marched on a Key Bank branch in AnchorageAlaska, and declared it should be foreclosed.
Overseas, tens of thousands nicknamed “the indignant’’ marched in cities across Europe. Around 250 protesters set up camp outside St Paul’s Cathedral in the heart of London on Sunday, promising to occupy the site indefinitely to show their anger at bankers and politicians over the global economic crisis. 

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Globalisation trend is unsustainable, says Akhilesh

SUJAY MEHDUDIA
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“Benefits are not trickling down to the poor”
U.P. Chief Minister Akhilesh Yadav presenting a memento to Vice-President Hamid Ansari at the Global Partnership Summit in Agra on Sunday.– PHOTO: PTI
U.P. Chief Minister Akhilesh Yadav presenting a memento to Vice-President Hamid Ansari at the Global Partnership Summit in Agra on Sunday.– PHOTO: PTI
Uttar Pradesh Chief Minister Akhilesh Yadav on Sunday expressed concerns over the present trends in globalisation and economic integration and termed them as “unsustainable” as the prosperity was not being shared across the globe and the benefits are not trickling down to the poor.
“In India, 100-odd billionaires’ wealth accounts for 17 per cent of the Gross Domestic Product (GDP) and this figure was increasing. Such a growth is not sustainable… nor enduring. Just as we need global partnership for development, we need partnerships with all in the society for sustaining growth. The growth we have witnessed has not been inclusive. A large majority in the informal sectors has not yet been integrated with the mainstream economy,’’ Mr. Yadav said addressing the CII Global Partnership Summit- 2013 here.
The Chief Minister said the most urgent priority should be to address agriculture – considering that more than 60 per cent of our population was still dependent on it for livelihood. “ Until we diversify sources of farmer’s incomes, diversify sources of farmers’ incomes and reduce their dependence on the vagaries of nature, they will not be able to share in the economic gains,” he remarked.
, Mr. Yadav said his State planned to add 16,000 MW of additional generation capacity during the next five years and work would also be accelerated on the Delhi Mumbai Industrial Corridor and Eastern Dedicated Freight Corridor projects in partnership with the Central government.
Mr. Yadav said “global integration helps as well as hurts. While we shared the prosperity when the global economy was booming, we have also been affected by the global recession since last five years. Although, we have been more resilient than developed economies due to strong domestic demand,’’ he added.
The Chief Minister said U.P. was on the path of creating an enabling policy regime to attract investment and facilitating bureaucracy to help industry. “We need a thriving manufacturing sector which could provide alternative employment and will help in removing regional imbalance. Therefore, we will invest in product-specific industrial infrastructure and set up national manufacturing investment zones,” he said.
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