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» babble   » walking the talk   » labour and consumption   » Economic statistics may not be accurate because of offshoring

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Author Topic: Economic statistics may not be accurate because of offshoring
Doug
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Babbler # 44

posted 15 January 2008 12:43 AM      Profile for Doug   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
BusinessWeek's analysis of the import price data reveals offshoring to low-cost countries is in fact creating "phantom GDP"--reported gains in GDP that don't correspond to any actual domestic production.

http://www.businessweek.com/magazine/content/07_25/b4039001.htm

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