Competitiveness
in sentence
1286 examples of Competitiveness in a sentence
In a currency union, individual economies cannot alter their exchange rates to account for changes in relative
competitiveness.
But the size of the “no” vote also reflected the persistent lack of a clear explanation by our politicians of what the EU brings to Europeans in terms of wealth, competitiveness, social welfare and, of course, peace.
In addition, companies will be forced to restructure in order to cut costs and increase
competitiveness.
This history suggests that exchange rates matter for competitiveness, and that sterling’s depreciation should help by enhancing the
competitiveness
of British exports.
But this sanguine view obscures the loss of
competitiveness
that real appreciation could provoke.
Indeed, the “Dutch Disease” – named for the catastrophic drop in Dutch manufacturing
competitiveness
after the discovery of natural gas in the North Sea drove up the currency – has become a serious concern.
Instead of natural resources hurting competitiveness, in Latin America (and other developing countries) it is financial flows that are causing the illness.
If a single major central bank attempted to introduce higher interest rates, its economy would immediately be “punished” through currency appreciation, declining competitiveness, and falling exports, all of which would undermine aggregate demand and employment.
A coordinated move, perhaps raising rates in two modest 25 or 30 basis-point increments, would be neutral in terms of exchange rates and short-term competitiveness, even as it moved real interest rates back into positive territory.
And, as eurozone banks and public-debt markets become increasingly balkanized, establishing a banking union, a fiscal union, and an economic union while pursuing macroeconomic policies that restore growth, external balance, and
competitiveness
will be extremely difficult.
France, too, has
competitiveness
problems, and is unable to meet its commitments under the European Union’s Fiscal Compact.
The ongoing financial crisis is merely a symptom of the monetary union’s underlying malady: its southern members’ loss of
competitiveness.
Maintaining these countries’ excessive prices and nominal incomes with artificially cheap credit guaranteed by other countries would only make the loss of
competitiveness
permanent.
In order to regain competitiveness, the southern countries will have to reduce their goods prices, while the northern countries will have to accept higher inflation.
To be sure, if Germany were to leave the common currency, the road back to
competitiveness
would be easier for the southern countries, since the rump euro would undergo devaluation; but the crisis countries’ fundamental problem would remain as long as the other competitive countries remain in the eurozone.
In the World Economic Forum’s latest report on global competitiveness, Egypt was ranked 139th out of 140 countries for quality of primary education.
To restore growth, these countries must also regain
competitiveness
by achieving a real depreciation of their currency, thus turning trade deficits into surpluses.
But a rising euro – pushed higher by excessively early monetary tightening by the ECB – implies more real appreciation, further undermining
competitiveness.
If the PIIGS started that process today, the benefits would be too long in coming to restore
competitiveness
and growth.
The last option – deflation of wages and prices – to reduce costs, achieve a real depreciation, and restore
competitiveness
is associated with ever-deepening recession.
This has caused the eurozone to run a substantial surplus and helped to restore some
competitiveness
in the tradable sectors in France, Spain, and Italy.
Annual productivity growth has been stubbornly sluggish, rarely rising above 2% for much of the past two decades, reflecting both missed opportunities and declining cost
competitiveness.
Large-scale creative destruction will root out inefficiencies and vault China to a new echelon of global
competitiveness.
And yet the penny has not dropped in London that focusing European investment funds accordingly would create opportunities to build stronger businesses and increase
competitiveness
in the technologies of the future – and to share these gains within and beyond the EU.
Beyond political and fiscal unification and short-term growth policies, Europeans urgently need structural reforms aimed at restoring Europe’s
competitiveness.
The sole exception is Ireland, which is suffering not from a lack of competitiveness, but from capital flight.
Apart from financial restructuring, which is crucial, Greece and Portugal must become cheaper in order to regain their
competitiveness.
First, it would at best aim to solve the debt problem; it would not increase
competitiveness.
It is time to face the fact that Europe’s peripheral countries have to shrink their nominal GDP to regain
competitiveness.
And the World Economic Forum ranked us 75th in its latest Global
Competitiveness
Report – a ten-spot jump from last year, and the Philippines’ highest ranking since it entered the survey.
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