Source : http://www.flickr.com
Military spending by various countries all over the world can be measured as each countrys spending percentage of that countrys gross domestic product. A countrys GDP is a total of the value of the services provided in a country and the products that are made there. It does not include the value of items that are imported into that country, but it does include items that are made in a country and exported out of it. The GDP of a country is often considered to be a good indicator of that countrys standard of living.
In general, the Middle East has the highest amount of military spending when compared to the GDP of the countries in that region. Africa is a mixture of countries that spend little and countries that spend nearly as much as the Middle East when compared to their own GDPs. Europe and the Americas spend in the mid range with Mexico and most Central American countries spending the least of these countries when compared to its GDP. Australasia and East Asia are also in the mid-range with Japan spending little compared to its GDP.
Source : http://www.visualeconomics.com
IBRD and IDA: Two Institutions That Comprise the World Bank
The IBRD is an international organization whose original mission was to finance the reconstruction of nations devastated by World War II. Now, its mission has expanded to fight poverty by means of financing states. IDA is responsible for providing long-term, interest-free loans to the worlds 80 poorest countries, 39 of which are in Africa.
Total IBRD-IDA Lending by Sector
During the 2008 fiscal year, 6 percent went to agriculture, fishing and forestry,
8 percent went to education and 17 percent went to energy and mining.
Another 6 percent went to finance, 7 percent went to health and other social services, 6 percent went to industry and trade and 1 percent went to information and communication. Another 21 percent went to law and justice and public administration, 9 percent went to transportation and 10 percent went to water, sanitation and flood protection.
Nuclear power is back in favour, at least in government circles. Today,energy and climate change secretary Ed Miliband will expand upon the UK’s plans for a fleet of new nuclear reactors. Elsewhere, Sweden hasreversed its decades-old ban on nuclear power and an increasing number of countries are expanding their nuclear generating capacity.
Four new reactors are under way in Europe at the moment: two Russian-designed reactors in Slovakia, plus Finland’s Olkiluoto 3 and France’s Flamanville 3, which both rely on the French state-owned Areva’s involvement and expertise. The Finnish site has been beset by delays, rising costs and criticisms over safety and still has no definite opening date, while the cost of Flamanville 3 has risen from €3.3bn to €4bn.