| International: Economy |
The overall world gross domestic product by country
President Appeals for Action Before G20 Metting
Published Tuesday, March 24th, 2009
In an op-ed running in 31 international newspapers, President Barak Obama reached out to the citizens of the world saying “We are living through a time of global economic challenges that cannot be met by half measures or the isolated efforts of any nation.” This message is ahead of the Group of 20 which will soon meet in London this month. He went on to say that “the success of the American economy is inextricably linked to the global economy. There is no line between action that restores growth within our borders and action that supports it beyond.” He then cited three recommendations for stabilizing and recovering from the global economic downturn: fiscal stimulus, restoration of credit, and efforts to stabilize emerging markets.
The premise of the President’s argument, that our economies are linked, has certainly been demonstrated by the global nature of this economic downturn. We have imported and exported so much over the years that our economies react to each other’s growth and contractions. In fact, by looking at the Gross Domestic Product for the member countries of the OECD — many members of the G20 are members of the OECD, including the US — an immediate parallel can be seen between the various growth rates of each nation and group.
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OECD: Economics and Growth - http://www.oecd.org/topic/0,3373,en_2649_37443_1_1_1_1_37443,00.html
The OECD's macroeconomic work is based on continued monitoring of events in Member countries as well as outside the OECD area and includes regular projections of short and medium-term economic developments.
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The World Volunteer Web supports the volunteer community by serving as a global clearinghouse for information and resources linked to volunteerism that can be used for campaigning, advocacy and networking. It is an online hub where the community can meet, share resources and coordinate activities to mobilize volunteer action in support of the Millennium Development Goals. With a constituency comprising of over 20,000 organizations and individuals, the World Volunteer Web helps to catalyze partnerships among volunteer stakeholders from all continents.