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Economies in sentence

8198 examples of Economies in a sentence

As a result, disillusioned and disaffected voters in advanced economies are challenging established political parties to find solutions or cede power, while millions of people from poor countries, unable to envision a future at home, are risking their lives by crossing deserts and seas in search of economic opportunity.
The Emerging World’s High AchieversMUMBAI – Emerging economies are often grouped together as something of a monolith.
In the McKinsey Global Institute’s recent review of the per capita GDP growth of 71 emerging economies, 18 stood out.
Development economists have long sought to identify the “secret sauce” that enables certain economies to achieve more stable and robust growth than their counterparts.
A look at what these 18 economies have in common provides powerful insights into what that formula might be.
From a policy perspective, all 18 of the economies on our list have pursued pro-growth policies that encouraged a virtuous cycle of rising productivity, income, and demand.
And, indeed, the 18 standout emerging economies have twice as many competitive, publicly listed companies with annual revenues of $500 million or more as other developing countries (adjusted for economy size).
In these countries, the revenue-to-GDP ratio almost tripled in just 20 years, from 22% in 1995 to 64% in 2016 – far higher than the ratio in other emerging economies, and approaching high-income country levels.
In the 18 high-performing emerging economies, only 45% of firms that were in the top quintile, in terms of profit generation, in 2001-2005 were still there a decade later in 2011-2015.
Over the same period, in the high-income economies, 62% of incumbents managed to hold onto their positions.
From 1995 to 2016, large publicly listed companies in the fastest-growing emerging economies expanded their annual net income 2-5 percentage points faster than firms in other emerging and high-income economies.
The question now is whether the high-performing emerging economies can sustain rapid and consistent growth, and whether their peers can emulate their success.
Furthermore, economies around the globe are being challenged by the rise of automation – a process that will only accelerate.
Nonetheless, the potential of the emerging economies must not be underestimated.
If the other 53 emerging economies we looked at matched the productivity growth of their 18 high-performing peers, the global economy would be $11 trillion richer by 2030 – the equivalent of adding another China.
The key for emerging economies will be to seize the opportunities ahead.
Over the past 15 years, the emerging economies have accounted for about two-thirds of global GDP growth.
Capital-labor substitution is at the heart of modern productivity strategies for manufacturing-based economies.
Fears of a shadow-bank-induced credit bubble now top the worry list, reinforcing longstanding concerns that China may succumb to the dreaded “middle-income trap” – a sustained growth slowdown that has ensnared most high-growth emerging economies at the juncture that China has now reached.
Invariably, the middle-income trap afflicts those emerging economies that cling to early-stage development models for too long.
Financial markets, as well as growth-starved developed economies, are not thrilled with the natural rhythm of slower growth that a rebalanced Chinese economy is likely to experience.
Resource industries – indeed, resource-based economies like Australia, Canada, Brazil, and Russia – have become addicted to China’s old strain of unsustainable hyper-growth.
Nonetheless, the pressure to support global financial markets and other external economies suggests why the issue is being debated.
Indeed, energy has enabled the UAE to become one of the Middle East’s most developed economies – and thus has played a crucial role in securing the country’s global standing.
Chile, which for political reasons has always wanted to bring together the more liberal economies of the Pacific with the more protectionist regimes of the Atlantic, would have plenty of reasons to help move the process forward.
The US Congress has yet to ratify a 2010 agreement providing China and other large emerging economies greater voting power in the World Bank and the International Monetary Fund.
On the contrary, a resurgence of right-wing economics, driven, as always, by ideology and special interests, once again threatens the global economy – or at least the economies of Europe and America, where these ideas continue to flourish.
Central banks understandably seek more reserves as their economies grow.
In fact, today it may be the advanced economies of North America and Western Europe that stand to gain the most from ramping up domestic public investment.
In the aftermath of the great recession, there are many ways in which these economies could put additional public spending to good use: to increase demand and employment, restore crumbling infrastructure, and boost research and development, particularly in green technologies.
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