Goods
in sentence
3286 examples of Goods in a sentence
Mankiw’s standard description of outsourcing is very much like mine – indeed, like that of all neoclassical and neoliberal economists – and goes something like this:As with any change in technology that increases the volume of international trade in
goods
and services, the outsourcing of service-sector jobs creates winners and losers – but almost surely more and bigger winners than losers.
As underscored in a joint statement of the US and China regarding trade consultations, “significantly” increased Chinese purchases of foreign – in particular, US –
goods
and services will also enable the country “to meet the growing consumption needs of the Chinese people and the need for high-quality economic development.”
China imported $2 trillion worth of
goods
in 2017, of which consumer
goods
accounted for only 8.8%.
Expanding the share of consumer
goods
might significantly improve the welfare of Chinese citizens, who, because of existing tariffs and non-tariff barriers, now often travel abroad to make purchases.
In fact, international purchases by Chinese are now equivalent to the value of all of the consumer
goods
China currently imports, even without taking into account fast-rising online overseas purchases.
The first was the Keynesian theory of deficient demand, which holds that workers become unemployed “involuntarily” when their community lacks the money to buy the
goods
and services they produce.
Can Europe, Latin America, and the US go it alone, cultivate market forces and the free flow of
goods
and capital with Asia in a tailspin incited by a Japanese collapse?
The new/old politics is inward-looking and likes the idea of the revival of the nation as a protective bulwark against foreign
goods
and foreign migrants and foreign ownership.
Mohamed El-Erian of Allianz, writing in August to mark the tenth anniversary of the beginning of the global financial crisis, worried that advanced economies remain too beholden to a growth model based on liquidity and leverage, rather than on investment in public
goods
and human capital.
He has threatened to impose a 50% tariff on
goods
from China, Mexico, and other US trade partners, but no such measures have materialized.
The internal recession that followed the bailout was deep and long and left the ordinary Mexican citizen with a sharply reduced income facing higher prices for
goods
and services.
In the US, for example, while many
goods
and services are less expensive than they would be if the country were walled off from the global economy, we cannot assume that these cost savings necessarily compensate for diminished employment opportunities.
People might trade away cheaper
goods
for assurances that a wide range of productive and rewarding employment options would be available, now and in the future.
It is a benign form of global competition that increases productivity everywhere, provided that the markets for final and intermediate
goods
and services remain open.
This, together with the decline in manufactured
goods
as a share of total exports, from 54% a decade ago to 37% today, points to a substantial loss of competitiveness.
These countries export manufactured
goods
to the US, on which they also rely for tourism and remittances; they lack either the geography or the geology to become great commodity exporters (or, like Mexico, they export all of their oil to the US).
Despite the surge in government spending, the central bank’s efforts to stabilize inflation have kept prices of
goods
and services under control.
The evidence points in a similar direction for some measures aimed at liberalizing current-account transactions (trade in
goods
and services).
The final disruption is the world’s increasing interconnectedness, with goods, capital, people, and information flowing ever more easily across borders.
The ECB’s rescue operations have hindered the internal depreciation – lower prices for assets, labor, and
goods
– that the troubled economies need to attract fresh private capital and regain competitiveness, while the euro’s appreciation is now compounding the challenge.
That would make it far too easy to avoid regulations, such as rules of origin, with a non-EU country exporting
goods
to Ireland for onward shipment to the UK, or vice versa.
Japan’s somewhat fragile recovery could be derailed by an escalation of its territorial conflict with China, which is both a major market for Japanese
goods
and deeply integrated into Japanese firms’ supply chains.
Aside from their strategic minuet in Asia, China and the United States are engaged in a cyber-security battle that is already starting to affect flows of goods, investment, and technology.
The cross-border flows of goods, information, people, and capital that are its lifeblood rely on a threshold level of safety, stability, and predictability.
The failure of the UK’s “Remain” campaign to rebut concerns about migration reflects the wider inability of the global elite to convince people that the free movement of capital, goods, and people is in general good for everyone.
Protectionism – starting with the Smoot-Hawley Tariff, which affected thousands of imported
goods
– triggered retaliatory trade and currency wars that worsened the Great Depression.
Another factor holding back recovery has been weak growth in spending on
goods
and services by both state and local governments, and more recently by the federal government.
China is America’s low-cost provider of imported consumer
goods.
The US is running an $800 billion annual trade deficit in traditional
goods
and services.
Moreover, a trade agreement with Afghanistan that allows Afghan
goods
to cross Pakistan en route to India may be one step towards an improvement of economic relations with that large and rapidly growing neighbor.
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