Adjustment
in sentence
880 examples of Adjustment in a sentence
If Europe’s policymakers do not recognize that deposit flight and continuing excessive private expenditure constitute the real danger to the
adjustment
program in Greece, they might soon have to deal with another crisis – hard to imagine today – of even bigger proportions.
As we know from other contexts,
adjustment
to newcomers is not easy: compare, say, the reaction to the tie-up between France’s Alcatel and America’s Lucent to the bids by the China National Offshore Oil Corporation for Chevron or Mittal for Acelor.
If home countries do not put in place the
adjustment
mechanisms to deal with the rapidly unfolding revolution in making service industry jobs tradable, a backlash against such outward FDI will become inevitable.
The final move to solve the debt problem came in the aftermath of international currency
adjustment.
But it also implies that the single-minded concentration of the European Union and the International Monetary Fund on fiscal
adjustment
in the EU periphery is misguided.
For Greece, fiscal
adjustment
is, of course, the key issue.
In short, fiscal
adjustment
is necessary but insufficient to escape a debt crisis.
If the
adjustment
were made through taxes, every federal tax would need to be increased by 64%, immediately and permanently; if made through austerity, every non-interest spending program – including Social Security and Medicare, the main entitlement programs for the elderly – would need to be cut, immediately and permanently, by 40%.
This would directly benefit Northern European citizens themselves, while helping to keep the euro down and stimulate growth and
adjustment
in Southern Europe and the global economy as a whole.
French President Nicolas Sarkozy’s insistence that a referendum should be held on Turkey’s admission suggests that years of painful
adjustment
to EU norms will never produce the payoff of membership.
Europeans’ views of Asia in general, and China in particular, are more complex and swing from lucid
adjustment
to a new and respected competitor to pure ideological rejection.
So why hasn’t more
adjustment
taken place already?
Both constraints are likely to become stronger over time, with the MHP increasingly emboldened by its parliamentary leverage, and the economy in growing need of a potentially contractionary
adjustment.
These medical challenges are scientific and technological, and thus cannot be solved by IMF-World Bank "structural
adjustment
loans," which focus on policy reforms rather than scientific and technological innovations.
Unless the NBS explains to the public the specifics of its accounting and
adjustment
methods, we may never know for sure the reasons for these discrepancies.
That cannot happen with a common currency, and economic
adjustment
is doubly difficult when labor is not mobile enough to help mitigate regional contractions in income and unemployment.
But, if the eurozone is to survive and prosper beyond the current crisis, it will also need comprehensive structural reforms to boost internal labor mobility and defuse the pressures caused by economic
adjustment
among nations and regions.
Some
adjustment
is inevitable.
But is this a temporary adjustment, or is long-term rebalancing at hand?
Finally, the
adjustment
programs themselves must be carefully re-calibrated.
If these three steps – an ECB bond-buying program to hold down sovereign interest rates, concrete progress on establishing a real economic union, and realistic revision of current
adjustment
programs – could be achieved as a package, the resources that the ECB would need to use for its bond purchases would drop, because credibility would be restored.
Austerity in Europe has confirmed the International Monetary Fund’s warning that overdoing fiscal consolidation weakens economic activity, undermines market confidence, and diminishes popular support for
adjustment.
Asymmetric
adjustment
between debtor and creditor economies has also undermined growth.
But that earlier effort entailed a major
adjustment
in interest rates via conventional monetary policy.
The G-20 “mutual assessment process” – established to analyze national economic policies’ effects on other countries and on global growth, with the goal of formulating individual
adjustment
commitments – has highlighted the difficulty of reaching agreement on macroeconomic policies with significant spillover effects.
In an economy in which public debt is growing quickly, the longer fiscal
adjustment
is put off, the larger and costlier it will have to be.
In Sub-Saharan Africa, most economies failed to respond to the
adjustment
programs demanded by the IMF and World Bank.
As a result, the price formation process is much clumsier nowadays, with considerably longer
adjustment
lags.
The irony is that this dollar
adjustment
is unambiguously good news for America, and unambiguously bad news for Europe:For the US, the dollar's fall means a boost to exports, and a further increase in demand, a further push for recovery.
The exit option would not improve Greece’s chances of successful adjustment, and it would come at a steep price for the eurozone: it would be “in the money” – and priced accordingly.
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