Distortions
in sentence
256 examples of Distortions in a sentence
For China, the issue largely concerns the design and implementation of the next stage of institutional reforms to sustain economic growth and efficiency, reduce social inequality, remove market distortions, address environmental deterioration, and combat corruption.
Both also face major price distortions, owing to quantitative easing by monetary policymakers, which has led to negative real interest rates.
Opaque and unfair delineation and allocation of land rights in China, together with state monopolies and burdensome bureaucracies, create
distortions
that give rise to corruption and inequities.
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).
The paternalistic welfare state is viewed as more humane, despite the loss of freedom and the financial
distortions
associated with it.
We live in a second-best world where policy action is almost always partial (and partially effective), and well-intentioned reforms in one area may backfire in the presence of
distortions
elsewhere in the system.
When Western companies had a near-monopoly on know-how and technology, their competitive edge more than compensated for
distortions
created by Chinese barriers to trade and investment.
The real question for China lies at home: Do enduring
distortions
and barriers to investment really serve the development of the country’s lagging provinces?
Given that extraordinarily loose monetary policies are causing unprecedented – but predictable –
distortions
in German and eurozone financial accounts, it seems ill-advised to suggest that German fiscal policy also be loosened to address the current-account imbalance.
And it would gradually have to phase out treasury subsidies to BNDES – the country’s development bank – and increase the use of market-based references for BNDES’s lending rates, thereby helping to restore fiscal health and eliminate
distortions
in financial intermediation.
As the IMF argues, if applied across the G-20, a Financial Activities Tax would help constrain the worst features of the financial system and reduce the competitive
distortions
created by the megabanks.
But, to circumvent the restrictions in the state-dominated financial system, a shadow banking system has developed, raising new risks: economic distortions; reliance on excess leverage to drive growth in the consumer, real estate, corporate, and government sectors; and dangers associated with inadequate regulation.
They immobilize fiscal policy, lead to serious
distortions
in the financial system, trigger political fights over taxation, and incite costly distributional conflicts.
And, finally, higher inflation causes
distortions
to relative prices and to the tax system –
distortions
that have potentially significant costs, and not just in recessions.
Ukraine’s citizens can become more like their Central European neighbors, or they can allow the economy’s many
distortions
from past bad policies to persist, in which case they will fall further behind.
Breaking the distorting power of these criminal networks requires first confronting the
distortions
that perpetuate it: the failed war on drugs and criminalization of consumers; the burgeoning privatization of security; police agencies that reproduce, rather than reduce, violence and crime; prisons that hone offenders’ criminal skills; and judicial systems that re-victimize crime victims.
Latin America’s governments and citizens can recognize and address
distortions
in their own thinking, or they can remain on a path of corruption and violence that erodes states and citizenship alike.
Relative to the US dollar, an equal-weighted basket of 10 major Asian currencies (excluding Japan) has retraced the crisis-related
distortions
of 2008-2009 and has now returned to pre-crisis highs.
In the absence of such coordination, the unilateral approaches now in place could generate further
distortions.
Yes, there are a few notable outliers – namely, the United Kingdom, where currency pressures and one-off holiday
distortions
are temporarily boosting core inflation to 2.4%, and Malaysia, where the removal of fuel subsidies has boosted headline inflation, yet left the core stable at around 2.5%.
Today, many Americans, especially the young, feel far more respect for the countries that recognized the lack of evidence of Iraqi weapons of mass destruction than for those whose leaders repeated the American
distortions.
Given that the current
distortions
are interlinked, they may need to be addressed simultaneously.
In the European Union, only two key elements of the Common Agricultural Policy (CAP) would have to be changed to reduce drastically the
distortions
in the production system.
Such
distortions
disappear in countries where migration challenges are confronted openly, discussed reasonably, and addressed with conviction.
And they have all been willing to follow the tradition of dictators, and to resort to smears, distortions, and fantastical claims.
The extraordinary political transitions set in motion by the fall of the Berlin Wall in 1989, together with the mundane and drawn-out EU accession process that followed, produced this new normal – one essentially free from the political and economic
distortions
of the Cold War.
But, when it comes to television or radio interviews, it seemed to me that such
distortions
would be more difficult to pull off.
Similar
distortions
characterized accounts of hearings in Japan’s Diet to investigate allegations, originally made by former Vice Minister of Education and Science Kihei Maekawa, that Abe rigged the decision-making process behind the opening of a new veterinary department at a university run by a close friend of his.
Normalization is all about a long-overdue unwinding of those
distortions.
This spurred an unsustainable consumption boom, as well as unwarranted risk-taking by consumers and financial institutions, which contributed to the large
distortions
and bubbles in global financial markets that were the preconditions for the current crisis.
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