Advanced
in sentence
3466 examples of Advanced in a sentence
On the real economic side, all the
advanced
economies – representing 55% of global GDP – entered a recession even before the massive financial shocks that started in late summer.
So we now have recession, a severe financial crisis, and a severe banking crisis in the
advanced
economies.
The delusion that economic contraction in the US and other
advanced
economies would be short and shallow – a V-shaped six-month recession – has been replaced by certainty that this will be a long and protracted U-shaped recession, possibly lasting at least two years in the US and close to two years in most of the rest of the world.
As we have seen in recent days, it will take a big change in economic policy and very radical, coordinated action among all
advanced
and emerging-market economies to avoid disaster.
More realistically, large corporations are sitting on hundreds of billions of dollars – indeed, trillions if aggregated across the
advanced
economies – because they already have too much capacity.
Emerging-Market Risk and RewardNEW YORK – One definition of an emerging-market economy is that its political risks are higher, and its policy credibility lower, than in
advanced
economies.
Defective growth models in
advanced
countries, based on excess credit and domestic aggregate demand (and complicated by structural flaws and limited adjustment mechanisms in Europe), led to instability, a crisis, and a large negative shock to the real economy.
These, too, had external effects; but, at least in the short run, the medicine (distortions in capital markets) was generally considered less damaging than the disease (economic collapse in the
advanced
economies).
This was followed by an extended version of the assisted-growth model in the
advanced
countries, largely revolving around unconventional monetary policy; in the United States, this implied several rounds of quantitative easing, which is simply the government borrowing from itself – a form of price control.
Complaints from emerging-market policymakers about the distortionary effects of the
advanced
countries’ policies were largely ignored.
So the talks may have been revealed not because they had
advanced
sufficiently, but because someone wanted to sabotage them.
Just look at the issues that are beginning to agitate the political debate in
advanced
societies: birth control, death control, life prolongation, health cures, improvements in appearance, intellectual enhancement, personality alteration, human cloning, brain transplants, synthesis of human and artificial intelligence.
In fact, participation in on-the-job training by middle-aged and elderly workers in Japan and Korea is currently lower than in other
advanced
economies, such as the United States and Finland, meaning that there should be space for improvement.
The discrepancy partly reflects the dominant share of services in modern
advanced
economies, relative to manufacturing and agriculture.
Only measures like these can create the good jobs that will reduce income inequality and make America again resemble a normal
advanced
economy, not one where inequality approaches Latin American levels.
Members of the G20 – the world’s major
advanced
and emerging economies, representing more than four-fifths of global GDP and three-quarters of trade – were responsible for 81% of the punitive measures.
Literacy is a necessary precondition for
advanced
education and critical thinking, which are at the core of our ability to respond to the economic, social, and environmental upheavals many regions are experiencing.
The
advanced
countries, with their dominant corporate and financial interests, had set the agenda for those negotiations.
Unfortunately, this opportunity was squandered in the Uruguay Round, as developed countries
advanced
their own interests at the expense of less developed countries.
Yet this global construct comes under pressure in an environment in which
advanced
countries have stubbornly high unemployment and bouts of financial volatility.
Catching Up at Different SpeedsPARIS – With weak demand in
advanced
countries now impeding growth in emerging economies, including major players in Asia and Latin America, many are arguing that the era of income convergence has come to an end.
As I have argued before, convergence of emerging countries’ real average incomes, in the aggregate, with
advanced
countries’ incomes is likely to continue into the 2020’s.
As the
advanced
economies recover, however weakly, the growth differential is likely to narrow again, perhaps to about two percentage points, which still implies steady convergence at a decent pace.
The pace of catch-up growth declines only gradually over time, as the less
advanced
economies slowly move closer to the technological frontier.
The catch-up process also takes place within countries, as labor moves from low-productivity rural activities to higher-productivity urban activities, and as low-productivity firms in all sectors emulate their more
advanced
domestic counterparts.
What these perspectives on labor-replacing technologies share is a tendency to focus on
advanced
economies.
Robots are becoming both less expensive and more efficient, while manufacturers need to make up for labor shortages in several
advanced
and emerging economies.
China and other emerging economies may also lose some jobs as firms in
advanced
economies reverse outsourcing and move manufacturing operations closer to home.
Nonetheless, at the IMF and in
advanced
countries, the prevailing view remains that capital controls are a last resort – to be used only after conventional macroeconomic and financial policies have been exhausted.
As the
advanced
countries' experience with the global financial crisis has demonstrated, even the most sophisticated regulatory and supervisory systems are far from being failsafe.
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