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Less enthusiasm about housing means that manufacturing firms will no longer be squeezed when they seek capital to expand.
But if the system of financial intermediation collapses in universal bankruptcy, producers of tradable goods will be unable to get financing to expand.
Whereas America’s goal in seeking to topple Assad was mainly to undercut Iranian and Russian influence, Turkey’s motive was to expand its influence in former Ottoman lands and, more recently, to counter Kurdish ambitions for territorial autonomy, if not statehood, in Syria and Iraq.
For example, in order to finance reform, local banks need incentives to expand credit.
Because the governments of oil-producing countries used revenues to provide for most of their people’s needs – including jobs, services, and favors – these governments fostered a culture of dependency, rather than encouraging self-reliance and entrepreneurship to expand the private sector.
The objective was to take successful pilot projects--including a nascent national anti-retroviral therapy (ARV) program--and expand them to cover thousands of patients.
To be sure, some of China’s debt has been used to expand its industrial base and infrastructure.
And they often appeal directly to older voters by promising to lower the retirement age and expand pension benefits (both are flagship policies of the League).
Scientists argue over the exact starting point of this epoch, but it can be dated to somewhere around 1945, when modern industry and agriculture began to expand briskly.
Third, the free-trade zone should encourage multinational corporations (MNCs) to expand their Chinese operations beyond factories;China should be home to their design, distribution, and service divisions as well.
In this sense, China has a rare opportunity to expand its growth potential by stimulating domestic demand.
The task for China’s leaders is to expand policies aimed at boosting domestic demand, while working to improve the economy’s skills base and enhance its relative capacity to absorb high-value-added, high-tech foreign investment.
At the same time, he would expand the military, spending more money on weapons that do not work against enemies that do not exist, enriching defense contractors like Halliburton at the expense of desperately needed public investment in infrastructure and education.
Despite a wealth of opportunities across the Russian economy, the country’s hostile business climate – including bloated bureaucracies, widespread corruption, and the expansion of state-owned companies – has weakened Russian and foreign investors’ incentive to start new projects or expand existing ones.
For example, he might have to abandon his plan to expand the presidency’s powers, which has already provoked strong opposition even within the AKP.
If China wants to move up the value chain, it needs to expand its technological capacity, which is why innovation is at the heart of its latest Five-Year Plan.
China could also expand its tech sector through homegrown entrepreneurship, except that the Chinese economy does not provide easy access to credit and is hamstrung by excessive regulations that make it difficult to start a competitive business.
In particular, the danger of “mission creep” – the temptation to expand the 60%-of-GDP debt ceiling for Blue debt – needs to be addressed.
As a result, the tech giants, in particular, have achieved a new level of regulatory capture, allowing them to limit free speech when it serves their interests, expand into non-high-tech markets, and shape emerging global policy agendas, such as financial inclusion and e-commerce.
If PiS’s populist slogans become policy, government spending is likely to expand, which will exacerbate Poland’s already weak fiscal position and consequently trigger inflationary expectations.
It should make it easier to start and expand Internet businesses.
The argument for a measured deficit-reduction program is to buy time for the structural shifts that will expand accessible external demand and fill in the gap in aggregate demand.
Indeed, even if productivity were to expand at the same rapid rate as during the last half-century, global growth would fall by 40%, far below the anemic rate of the last five years.
More generally, the European Union and the World Bank should expand and intensify their support for education.
In fact, ECB President Mario Draghi signaled a willingness to expand his institution’s balance sheet by a massive €1 trillion ($1.25 trillion).
So now Skidelsky retrospectively “predicts” something quite different: “that the start of austerity aborted the recovery in 2010; that recovery would have come sooner if the pre-austerity level of public spending had been maintained; [and] that it was the reduction of austerity in 2012 that enabled the economy to expand again.”
Cooperatives have helped to bring information and services to far flung rural communities, empower workers, and expand financial services, healthcare, education, and housing.
Capitalizing on cooperatives’ successes and learning from their mistakes can help us to expand the menu of options as we search for more inclusive and sustainable models of development, and new ways of building and sharing knowledge.
The insurance industry can, and should, respond to the tsunami disaster by accepting the moral imperative to take concerted action to expand risk coverage.
Of equal importance are economic and political events in the rest of the world, technological and demographic forces at home and abroad, and the policies of previous administrations, which can expand or constrain a sitting president’s options.
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