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GDXJ 108.88

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To: Bobby Yellin who wrote (10054)	4/17/1998 12:56:00 AM
From: Abner Hosmer	of 116801

WORLD BANK'S STIGLITZ: TRADE WITH DEVELOPING NATIONS FUELS G-7 GDP economeister.com >>For instance, Stiglitz said roughly 18% of U.S. GDP growth from 1990-1996 was attributable to exports to developing countries. He said 10% of this growth during that period was due to exports to East Asia. Stiglitz concluded that "international trade has produced a rise in economic sea level that has lifted all boats higher." Despite the problems of the developing countries, Stiglitz said they have also made remarkable progress. For instance, he noted, life expectancy in developing countries has risen four months every year since 1970; infant mortality has been nearly cut in half; food production has outpaced population growth, and 70% of adults in the developing world can now read, compared to 46% in 1970.<< 70% literacy? Geez, I think that's better than we are managing with our "public education system" right now. More fuel for continuing world economic growth.

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