Competitiveness
in sentence
1286 examples of Competitiveness in a sentence
Allowing countries to pursue their own policies in these areas encourages
competitiveness.
Value creation, profit maximization, and
competitiveness
must also be measured against the greater public good.
George Soros dodges the
competitiveness
problem by concentrating on the financial side of the crisis.
But calming markets by offering public guarantees for investors will not solve the
competitiveness
problem.
On the contrary, it will strengthen the euro and thus exacerbate the
competitiveness
problems of the south.
This was the reason for the inflationary credit bubble that deprived a number of countries of their
competitiveness.
Except for producing inflation in the eurozone, a depreciation, whether external or internal via price cuts, is the only possibility for an uncompetitive country to regain
competitiveness
and generate a structural current account surplus, which is the only possibility for orderly debt redemption.
While the flexible exchange rate would sterilise all attempts at increasing
competitiveness
via deflation, price cuts in a currency union do work wonders, as the Irish example has shown.
If this were so, then far nastier medicine than a few years of Thatcherite reforms would be needed before the democratic Judaeo-Christian west could close the gap in
competitiveness
with the Confucian authoritarian east.
None of this would resolve Europe’s fundamental problems, namely weak fiscal positions, poorly functioning financial sectors, and lack of
competitiveness.
For a given economy, does acting alone yield distinctly inferior growth paths – say, by damaging the
competitiveness
of its tradable sector?
In a post-crisis environment of aggressive and unconventional monetary policy in other advanced countries, the ECB’s less aggressive policies (owing to its more restrictive mandate) have resulted in an exchange rate that has damaged
competitiveness
and the growth potential of many eurozone economies’ tradable sectors.
In order to regain economic competitiveness, European countries will have to abandon many of their social-welfare policies and reform their political institutions.
But the proposal has met significant resistance, with some warning that it would erode European banks’ competitiveness, and others arguing that it is inadequate to mitigate banking risks effectively.
With
competitiveness
lagging, the trade deficit soared, and so did unemployment.
On the contrary, Puerto Rico is stuck with an early-twentieth-century law that forces all trade with the mainland to be conducted with expensive US ships, increasing transport costs and undermining economic
competitiveness.
Concerns about currency appreciation damaging export
competitiveness
would be assuaged, as globalization and artificial intelligence continue to create competition for workers.
If Europe is to remain an environmental leader, as well as a center of innovation and competitiveness, it will have to abandon its ideological rigidness and embrace realistic, pragmatic solutions that can deliver environmental benefits without sacrificing economic development.
At that point, the weak productivity and
competitiveness
of their tradable sectors will become clear.
The options are higher investment levels financed by domestic savings, productivity growth, and increased competitiveness, or stagnant real incomes as rebalancing occurs through the exchange-rate mechanism (or a large dose of domestic deflation in the debt-distressed eurozone countries, since they do not control their own exchange rates).
What is clear is that a key factor has been the persistence of large imbalances within the eurozone – current-account deficits on the periphery, mirrored by surpluses in the core – owing mainly to differences in productivity and
competitiveness.
The causes of the persistent imbalances should be addressed through a combined effort at fiscal consolidation and strengthened competitiveness, with structural reforms focusing on liberalizing markets and encouraging wage flexibility.
Second, to regain competitiveness, the adjustment between the eurozone’s periphery and its core requires closing the inflation differential that built up during the pre-2008 capital-flow bonanza.
The reforms in Italy and Spain are rightly reviewed as crucial, and there appears to be a deep understanding (based on Germany’s own experience in the decade and a half following reunification) that restoring competitiveness, employment, and growth takes time.
Labor-market liberalization in pursuit of
competitiveness
and growth is crucial – and remains to be implemented.
Much time and effort was devoted to ensuring that the considerable burden of restoring flexibility, productivity, and
competitiveness
was shared equitably across the population.
The inflationary credit bubble spurred in southern European countries by the persistence of lower interest rates undermined their
competitiveness
and drove asset and property prices to unsustainably high levels.
At a time when Europe is struggling to boost productivity and competitiveness, reinstating border controls would come as a serious blow.
But, in many cases, inflows are driven by short-term factors, fads, and irrational exuberance, which can lead to an overvalued currency, the crowding out of non-traditional export sectors or import-competing sectors, a loss of competitiveness, and eventually a large current-account deficit and thus tighter external constraints on growth.
If China doesn’t allow the renminbi to strengthen, other emerging markets will remain wary of letting their currencies appreciate too much and lose
competitiveness.
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