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Were China to adopt an exchange-rate regime characterized by a multiple-currency, basket-based reference rate with a reasonably wide band – a policy first proposed by Willem Thorbecke of the Asian Development Bank Institute – the huge surpluses generated within Asia’s production networks would cause the region’s currencies to appreciate together, instead of putting pressure on just one or two, as is happening today.
Moreover, the current civilian-led interim government engages in at least some negotiations about the new democratic rules of the game with virtually all of the major political actors who generated the revolution and who will contest the elections.
As developing countries and emerging markets open themselves to multinationals, it becomes increasingly important that they can tax these behemoths on the profits generated by the business that occurs within their borders.
Two leaders who will remain in power for the foreseeable future are Russian President Vladimir Putin and Chinese Premier Xi Jinping – both of whose countries have generated instability in their respective regions.
In Germany alone, the sector’s growth has generated 250,000 new green jobs in less than ten years.
Britain’s economy grew more steadily and rapidly than it had done for several generations, and the tax revenue generated by growth enabled the government to pour money into education and the National Health Service.
The tradable side of advanced economies has not generated any real net increases in employment for at least two decades, while the jobs that it has created are concentrated in the upper-income and upper-education ranges, with employment declining in the middle and lower range of income and education.
The knowledge generated by faculty members' research infuses their teaching with relevance and vitality.
What Syria MeansNEW DELHI – Syria’s agony has generated a variety of unproductive responses: verbal condemnation of the excesses of President Bashar al-Assad’s regime; disagreements about the wisdom of armed intervention; and all-around confusion about the possibility of finding a viable long-term solution.
Nigeria must confront years of anti-education propaganda generated by Boko Haram, whose name in the local Hausa dialect literally means, “Western education is forbidden.”
Indeed, Argentina’s sharp rebound has generated a huge accumulation of foreign reserves for the country.
Fable of the Bees developed a wide following, and generated substantial controversy, which continues to this day.
Thomas Piketty’s Japanese TourTOKYO – Six months after Thomas Piketty's book Capital in the Twenty-First Century generated so much buzz in the United States and Europe, it has become a bestseller in Japan.
The West’s Financial ArsenalPRINCETON – The revolution in Ukraine and Russia’s illegal annexation of Crimea have generated a serious security crisis in Europe.
In that case, the money generated by the tax could be used to reduce government debt; otherwise, it could be used to finance investments in technology and education – including supply-side measures to improve the productivity of Japan’s service sector.
Though the ocean has been integral to slowing climate change, absorbing over 30% of the greenhouse-gas emissions and 90% of the excess heat generated since the Industrial Revolution, the cost has been huge.
France’s U-turn generated the set of arguments that would justify the creation of the euro.
French and German disagreements with the United States in 2003 generated deep divisions in the EU.
These forecasts all assume that economic growth will be generated in cities.
Another problem is that the low interest rates generated by advanced-country central banks’ unconventional monetary policies have led to the “decapitalization” of long-term pension funds, thereby reducing the flow of retirement income into the economy.
Nearly 380,000 of the 2.1 million jobs that shale-related industries generated in the US in 2012 , were created in these areas.
This, in turn, brought legitimacy to liberalism and generated the powerful feeling of nationalist awareness among Egyptians.
The EU’s architects generated the necessary political will by drawing on the memory of World War II, the threat posed by the Soviet Union, and the economic benefits of greater integration.
But the excesses were mainly in the private sector, as interest-rate convergence generated economic divergence: lower interest rates in the weaker countries fueled housing bubbles, while the strongest country, Germany, had to tighten its belt in order to cope with the burden of reunification.
Developed countries could use some of the revenues generated to fulfill their obligations to help the developing countries in terms of adaptation and to compensate them for maintaining forests, which provide a global public good through carbon sequestration.
This generated a wave of mutual recrimination across the Atlantic, with Europeans (especially the French and the Germans) accusing the US of irresponsible inflationism, while Americans blamed Europe for refusing to grow fast enough.
But the fact is that this groundswell has in large part been catalyzed by the existing targets, timetables, and innovative mechanisms of the UN climate treaties, and not least by the momentum generated around the often-criticized 2009 Copenhagen summit.
Now Prime Minister Tony Abbott’s refusal (unlike President Barack Obama) to apologize to his counterpart for the electronic surveillance has generated a massive public outcry.
If the euro generated these imbalances, the argument goes, country-level solutions are inadequate.
After all, the eurozone crisis was rooted in the emergence of imbalances generated by the euro’s introduction and, to a lesser extent, German reunification.
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