Sentences with phrase «clear economic differences»

Not exact matches

First, although it should be clear that neither GDP is «correct» as a true measure of wealth creation, I think there are good reasons to argue that the difference in real wealth creation might be greater than the difference in GDP — in other words that U.S. wealth creation is higher relative to U.S. GDP than China's wealth creation is relative to China's GDP — and it is this adjusted GDP, representing real wealth creation, whose value must be discounted to determine the economic «wealth» of each country.

To repeat: a cursory look at the nations of the world makes it clear that the important differences in social responsibility and freedom are between the democratic types (of both capitalist and socialist economic system) and the despotic types, not between capitalism and socialism as such.

This was already clear to the economic historian David Landes when he noted that, «If we learn anything from the history of economic development, it is that culture makes all the difference.»

This lesson explains the clear difference between positive and normative economic statements.

When I served as student body president at AU and began working on the issues I had always cared about — gender equity, racial justice, opportunity regardless of economic background, and, yes, LGBTQ equality — it became clear that making a difference in the world wouldn't diminish or dilute my own pain and incompleteness.