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And the timing couldn’t have been more congenial: the Soviet empire’s collapse and China’s opening generated a surge of labor supply for global capitalism – a billion additional workers – that boosted profits and stifled wage growth throughout the West.
The aims of the campaign were laudable, but it generated hostility and ill will, undermining its effectiveness.
At the IDB, we have found that the key is to test pilot projects and assess the data that are generated.
In short, the medium-term benefits that emerging economies could receive from faster growth in the US are now being swamped by short-term risks generated by the “capital tsunami,” as Brazilian President Dilma Rousseff has called it.
The invention of motor vehicles largely wiped out jobs building or operating horse-drawn carriages, but generated millions more not just in automobile factories, but also in related sectors like road construction.
In 2011, Chinese services generated 30% more jobs per unit of output than did manufacturing and construction.
The world cannot wait until 2020 to find the necessary resolve: while international negotiations drag on and the momentum that has been generated in the private sector is in danger of dissipating, global warming is progressing.
Ennobling DemocracyWARSAW -- Ever since democracy appeared in ancient Athens, it has generated suspicion among those who believe that humanity’s highest purpose is virtue, not freedom.
Germany already faces large financial risks, owing to the ECB’s balance sheet and the Target2 balances at the Bundesbank that are generated by international flows of deposits to German commercial banks.
The other problem of modern production is how to distribute the income generated by all of the complementary inputs.
The savings generated in East Asia and the major oil exporters have increased global liquidity, helping to finance the US current account deficit, which has now reached unprecedented levels.
The premature establishment of a currency union, without the needed political integration, generated tension and instability, as it failed to take into account the vast differences in member states’ economic structure and performance.
This has generated apprehension about property markets, and fear that local governments could default on part of their staggering debt of $1.65 trillion.
Our current world is a mix of people still subsisting with almost no external income, people generating (and consuming) surpluses, and other people consuming surpluses generated by others.
In the eurozone, in addition to the perceived nexus between banks and governments, the governing elite’s willingness to embrace European integration, and taxpayer-financed cross-border financial support, without broad public consultation has generated a similar sentiment.
Similarly, in the Philippines, a half-million dollars provided to support tax reform generated well over $1 billion in additional tax receipts.
It is important to clarify a few fundamental points regarding the Euro/dollar exchange rate, because this is an issue on which confusion--often generated strategically--pervades public debate.
A new constitution, proposed by the king and adopted in a referendum in July 2011, has already generated robust political competition.
As drug lords were arrested, the equilibrium between gangs was destroyed, paving the way to a war between the Sinaloa and Gulf cartels – the two largest – which has generated enormous violence, as well as sharp US protests because of the impact of the fighting along the border.
After all, while his policy of confrontation has generated high levels of violence, tolerance of the drug cartels corrupted state institutions, sowing the ground for the problem in the first place.
Inequality has had a corrosive effect on South Africa’s public and private institutions, negatively affecting how wealth is generated.
To be sure, states have wrestled with inequality for as long as wealth has been generated.
Seeing the excitement that can be generated in young people through events like science festivals and networks of science centers gives rise to cautious optimism – provided we seize the diversity of opportunities that informal learning offers.
Since its launch in 2013, the program has generated more than $400 million in risk capital.
This constitutes strong evidence that reality-based debate and policymaking can fundamentally transform the negative political dynamics generated by migration.
The discontent generated by such disappointment may help to explain Ukrainian separatists’ anger, Russians’ discontent, and Russian President Vladimir Putin’s decision to annex Crimea and to support the separatists.
The bottom line: to find out how, when, and where assets will be allocated and wealth generated in dozens of countries across the developed and developing worlds these days, we must now look toward political, not financial, capitals.
By contrast, “psychosocial” theories suggest that it is the psychological experience of inequality – the feelings of inferiority or superiority generated by social hierarchies – that matters.
Fortunately, the IPCC reports have generated a debate about how we should update the UN’s 2005 Hyogo Framework for Action, agreed in the wake of the 2004 Indian Ocean tsunami.
Many advanced economies must still address the end of the pre-crisis growth pattern generated by excessive domestic demand.
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