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  Institute of Industrial Relations Library
   Labor and Employment Weblog
   University of California, Berkeley
Updated 2/2/2004; 1:34:36 PM

Tuesday, January 20, 2004

Challenges and Prospects of the Saudi Labor Market The horsepower of Saudi Arabia is its $180 billion economy. Oil dominates one-third of the GDP. The public sector’s share is currently 21 percent, leaving the remaining 44 percent to the private sector. In 1970, the distribution was 58 percent oil-based, 12 percent represented the contribution of state-owned economic establishments, and the remaining 29 percent was the share of the private sector. [Arab News: Business]
10:57:26 AM    comment []

Enron's India plant 'going cheap'. Foreign investors in India's mothballed power plant are reportedly willing to sell their ill-fated $1bn investment for $380m. [BBC News | South Asia | World Edition]
10:37:17 AM    comment []

WTO worried on US trade. The World Trade Organisation warns that the growing trade deficit could give rise to protectionist pressures in the world's biggest economy. [BBC News | Business | Economy | World Edition]
10:35:21 AM    comment []

UK retail failures 'set to soar'. UK retail bankruptcies are set to reach an eight-year high in 2004 because of slower consumer spending, a report claims. [BBC News | Business | Economy | World Edition]
10:35:04 AM    comment []

OECD warns on UK budget deficit. An international think tank warns that the chancellor will have to raise taxes or cut spending to meet his fiscal rules in the future. [BBC News | Business | Economy | World Edition]
10:33:43 AM    comment []

Bank of Canada cuts key rate to 2.50 percent, citing strong currency (AFP). AFP - The Bank of Canada cut its key overnight rate by a quarter-point, to 2.5 percent, saying the country's economic growth has been hampered by the rise of the Canadian currency. [Yahoo! News - Business]
10:33:10 AM    comment []

Talking Back To the Global Establishment. Developing countries at the WSF are saying no to Washington's agenda. Will anti-Americanism become the driving passion of global politics? [AlterNet]
10:31:04 AM    comment []

Tourist surge cuts HK jobless. Unemployment falls as Hong Kong regains its appeal to tourists, and hotels and restaurants take on more staff. [BBC News | Asia-Pacific | World Edition]
10:29:10 AM    comment []

China's growth hits six-year high. China's economy grew 9.1% in 2003, its best performance for six years and the fastest of any major economy. [BBC News | Asia-Pacific | World Edition]
10:26:23 AM    comment []


Copyright 2004 Janice Kimball