Competitiveness
in sentence
1286 examples of Competitiveness in a sentence
In any case, it would be absurd to rearrange the currency union every time individual members’ relative
competitiveness
changes.
Greek wages and prices have already fallen sufficiently to restore competitiveness; the country now needs a framework in which private economic activity can thrive.
First, the problems of the eurozone periphery are in some cases problems of actual insolvency, not illiquidity: large and rising public and private deficits and debt; damaged financial systems that need to be cleaned up and recapitalized; massive loss of competitiveness; lack of economic growth; and rising unemployment.
Beyond challenging emerging markets’ stability, a sudden and sharp appreciation of the US dollar – and, specifically, the losses in trade
competitiveness
that it causes – threatens to complicate already-delicate trade negotiations.
Because the exchange rate influences an economy's competitiveness, the euro's depreciation benefited EU exports and exporters--t the expense of their American counterparts.
But those movements produce big changes in real exchange rates, i.e., in manufacturing competitiveness, and thus fuel demands for trade protection.
Second, inadequate macroeconomic policy coordination has resulted in divergences in the international
competitiveness
of euro-zone members, threatening the very existence of the euro.
Even before the crisis, this resulted in divergences in
competitiveness
and in the business cycle.
The persistent loss in
competitiveness
over the past decade is one reason why the crisis is hitting some southern European EMU countries such as Spain and Italy so hard.
If a “surplus country” such as Germany wanted to lower non-wage labor costs and increase value-added tax in order to boost its competitiveness, it would simultaneously have to adopt an expansive fiscal policy to compensate for the negative effects on its partners’ foreign trade.
As a result, economic performance has become sluggish as
competitiveness
declines and unemployment, especially among young people, remains stubbornly high.
Much of the groundwork has already been laid by the OECD, in several guiding principles: economic goals, especially growth and competitiveness, should be as important as social and environmental goals; a regulation’s benefits must justify its costs; regulations should be reviewed frequently, and a cost-benefit analysis of all the alternatives – including simply maintaining the status quo – should always be carried out.
So, a major challenge now is that around the world there seems to be far more planning for export-led growth than acceptance of reduced
competitiveness
and increased imports.
With limits on Germany’s willingness to accept a reduction in its
competitiveness
and repeated signals from the European Central Bank that monetary policy will remain highly accommodating, export-led growth seems to be the goal here, too.
It is quite likely that some would-be export champions will be disappointed as planned
competitiveness
increases do not materialize.
Critics believe that if the country is to increase exports, new policies are needed to raise productivity and strengthen
competitiveness.
Though the US economy is doing much better than most of the other advanced economies, it is not yet on sound enough footing to withstand a prolonged period of a substantially stronger dollar, which would undermine its international
competitiveness
– and thus its broader economic prospects.
What Europe needs, instead, is a reform strategy that increases
competitiveness
and reduces barriers to competition.
The China shock did eventually recede, but Mexico never fully regained its
competitiveness.
Although labor productivity significantly increased under NAFTA, total factor productivity – a better measure of long-term
competitiveness
– has been constant, and sometimes negative, for 25 years.
America's high corporate rate and worldwide approach to taxing the foreign earnings of its multinationals undermine their
competitiveness
in global markets and in cross-border acquisitions.
The first concerns the term likely to be used to frame the debate:
competitiveness.
The new complex mechanisms for economic-policy coordination that dominate the European Union’s agenda might be useful in pushing eurozone member countries to adopt more sensible policies to increase their economies’
competitiveness
and strengthen their fiscal positions.
That, rather than elaborate mechanisms for economic-policy coordination or grand designs for competitiveness, should be at the top of the European Council’s agenda.
Another factor working against RMB depreciation is that deterioration in China’s balance of payments may not improve China's international
competitiveness.
Depreciation, moreover, may also not improve the
competitiveness
of Chinese goods either, as up to 40% of China’s exports nowadays are from manufacturing industries using imported parts and materials.
But, even in such an economy, years of debt-fueled domestic demand may produce a loss of
competitiveness
and structural distortions.
From the standpoint of growth and employment, public and private debt masked an absence of productivity growth, declining
competitiveness
in the tradable sector, and a range of underlying structural shortcomings – including labor-market rigidities, deficiencies in education and skills training, and underinvestment in infrastructure.
Muted wage growth increases competitiveness, and underutilized labor and capital are redeployed.
The key to the
competitiveness
of Saudi Arabia's petrochemical industry was its use of natural gas and ethane, which was far less expensive than the oil product naphtha on which its global competitors depended.
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