The "GDP creation" of China's exports is only about 20%, he explained.
"Primary goal of culture for development will in the future establishing the culture within the area of primary sector of development of the society and a significant factor in GDP creation, instead of being a part of the secondary and tertiary domain as it is today", said Milko Čolaković, Mayor of Rudo Municipality.
The same thing I've been compiling cold, hard government data on since 1980: By crucial metrics like GDP, job creation, business investment and avoiding recessions, the economy does a lot better with Democrats in the White House than with Republicans.
Studies from around the globe consistently link entrepreneurship with rapid job creation, GDP growth, and long-term productivity increases.
Labour has presided over huge reductions in government debt and unemployment, steady GDP growth, the creation of savings schemes and bilateral trade deals.
As Rwanda's president, Paul Kagame, put it recently, "Entrepreneurship is the most sure way of development". He is not a lone voice: Economic studies from around the globe consistently link entrepreneurship, particularly the fast-growth variety, with rapid job creation, GDP growth, and long-term productivity increases.
"While the largest, publicly traded companies often dominate the news headlines, it's small, privately held companies that drive the bulk of GDP and job creation in the U.S.," he noted.
GDP growth, job creation and industrial production have all been stronger during Democratic administrations than during Republican ones.
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The Bank of England, which kept interest rates on hold on Thursday, has wrestled with why the booming rate of GDP growth and the creation of more than a million jobs during the past four years has failed to increase wages.
As Rwanda's president, Paul Kagame, has put it, "Entrepreneurship is the most sure way of development". He is not a lone voice: Studies consistently link entrepreneurship with job creation and GDP growth.
