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Suitably adapted, such mechanisms could also dramatically expand off-grid renewable-energy solutions across rural economies, providing reliable energy to billions of people and triggering a new green revolution in the countryside.
It is generally true that lower interest rates spur home buying, but this time, as is now well known, commercial and investment banks created new financial mechanisms to expand housing credit to borrowers with little creditworthiness.
Nowotny, the president of the National Bank of Austria, suggested that the European Stability Mechanism (ESM) might (if the German Constitutional Court allows it to come into existence) be given a banking license, which would allow it to borrow from the ECB and greatly expand its ability to purchase eurozone sovereign bonds.
Ironically, although central banks are now focused on the problem of deflation, the more serious risk for the longer term is that inflation will rise rapidly as their economies recover and banks use the large volumes of recently accumulated reserves to create loans that expand spending and demand.
It can expand defense cooperation beyond purchases of American-made military equipment by deepening its diplomatic engagement with the US to help find solutions to the difficult problems stemming from Afghanistan, Pakistan, and Iran.
The US and India should expand cooperation on other multilateral issues as well.
Therefore, the countries closest to Western Europe have received the largest flows of foreign investments from Western Europe, and have also been able to expand their exports to the European Community.
There is no reason why some countries should not join both China’s AIIB and America’s TPP, or why overlapping memberships should not expand over time – or, indeed, why the hostesses should not eventually attend each other’s parties.
At a time when China is under pressure for manipulating the value of the renminbi to maintain export competitiveness, the BRICS framework offers it a platform to expand its currency’s international role.
Unless growth is restored, France’s already large public debt will expand unsustainably, heightening the risk that investors will shun French government bonds.
The products of electronic and digital industries will continue to expand their impact, with “big data,” the “Internet of things,” and the “industrial Internet” becoming increasingly prevalent.
G-20 governments, especially those with strong balance sheets, should be calling for large-scale public and private infrastructure investment to expand the productive capacity of member economies.
As long as banks can make a profit from trading, they will continue to expand derivatives in excess of any legitimate hedging demands from non-banks, creating redundant products whose only function is to make profits for their inventors and sellers.
With small businesses unable to access the market for public goods and services, they miss out on important opportunities to mature and expand, which limits their capacity to spur broader economic growth and development.
Infrastructure is another obvious place to expand private-sector involvement.
Other tourism, too, can expand to take fuller advantage of cultural and sports attractions.
The Alliance should also expand the scope and scale of its joint exercises, increasing partners’ involvement in the planning and command of joint operations and improving information-sharing during such missions.
If Europe's social market model is to survive enlargement, it must find a way to expand eastward with the EU.
Clearly, if the social market model is to expand eastward - thereby ensuring its viability within the whole Union - this is the only viable alternative.
Finally, the AIDS effort was able to expand as a result of strong advocacy and collaborations that reshaped markets for diagnostic and treatment programs.
While the TB response has leveraged strategic partnerships to expand coverage, large gaps remain, the largest being treatments for children and patients with drug-resistant TB.
Republican Congressmen from districts with higher levels of income inequality were more likely to vote for legislation to expand housing credit to the poor in the years before the crisis (almost all Democrats voted for such legislation, making it hard to distinguish their motives).
The problem, however, is not only the firms that exist; equally important are those that do not, because they were never founded or did not expand (if they had, South Africa would not be lacking the nine million jobs its people are seeking).
These can and must be changed before it will be possible to expand opportunities for everyone in Bolivia to become a dignified citizen, a respected worker, and a satisfied consumer.
Take pension reform, which aims to reduce the scope of state-run, pay-as-you-go systems and expand private, fully funded schemes.
Nevertheless, the benefits are real: while there is little evidence that microfinance sets substantial numbers of poor people on the path to riches, it does help the poor save, smooth consumption, deal with emergencies, and expand existing businesses.
Finally, while I am skeptical that microfinance alone can promote a lot of successful entrepreneurship, it certainly can be helpful in allowing a farmer to buy more cattle or a tractor, or allowing a village shopkeeper to expand inventory.
Thus, it also helps expand incomes.
Over the past six years, the African Development Bank has invested $3.3 billion in projects to expand access to water and improve sanitation, with around $2.2 billion of that going to urban services that reach at least 17 million people.
To begin, we must expand our whole notion of culture to embrace new areas - fashion, architecture, design, photography, even computer design - which have been largely excluded from serious European debate.
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