Reforms
in sentence
4494 examples of Reforms in a sentence
Moreover, the magnitude of some of the necessary supply-side
reforms
will be markedly diminished, precisely because the demand-side measures will reduce excess supply.
For some, globalization is a pretty reliable ticket to success; for others, it will have little effect by itself, since the most pressing social and economic crises hitting those countries can’t be solved by free trade or market
reforms
alone.
Because the expected gridlock in parliament would make
reforms
less likely, companies might hold off on investment, while consumers would be more likely to keep their wallets closed, because official policy would be even less clear than it is now.
Rising inflows of private capital have been accompanied by large-scale national energy-sector reforms, which should help increase the availability of electricity.
Chinese leaders are well acquainted with how difficult it can be to implement drastic
reforms.
Just as Deng’s status and forcefulness enabled him to face down his opponents and keep China’s economic modernization on course, President Xi Jinping’s determined leadership can overcome vested interests and implement the needed
reforms.
Of course, reconciling the fundamental misalignment of interests in China will not be easy – not least because interest groups will not discuss, much less oppose,
reforms
in an open and transparent manner.
Instead, they argue that the
reforms
are too risky or purge their substantive provisions.
Until the central government is willing to yield its control over SOE management, ownership
reforms
are likely to spark only tepid interest from the private sector.
If implemented fully, the current round of
reforms
would have a far-reaching impact on China’s political economy, because they shift the balance of power from officials to markets.
Though they will not oppose
reforms
outright, they will continue to procrastinate and spread fear about economic instability and social tension to prevent changes that threaten to diminish their status and prerogatives.
In fact, it still struggles with imbalances today, owing to its inability or unwillingness to embrace badly needed structural
reforms
– the so-called “third arrow” of Prime Minister Shinzo Abe’s economic recovery strategy, known as “Abenomics.”
Innovation in government is not an intellectual luxury, a topic confined to seminars and panel discussions, or a matter only of administrative
reforms.
The conventional wisdom is that the threat of prosecution serves Xi’s goals of consolidating power and compelling the bureaucracy to implement economic
reforms
that run counter to its interests.
The question today is thus not whether Xi has amassed enough authority to effect change in China (he has), but whether he has built a coalition capable of advancing his declared goal of reviving pro-market
reforms.
It must recognize a strong popular desire for individual autonomy, more leadership positions for women and the young, and greater support for individual enterprise (along with
reforms
of social insurance that make it cost-effective and truly inclusive).
Former Massachusetts Governor Mitt Romney, the Republican frontrunner to challenge Obama in November, and the party’s other leading candidates, including former House Speaker Newt Gingrich, want less spending, major
reforms
of government programs, lower taxes, trade expansion, and less and more-targeted regulation than does Obama.
In that case, Obama would be wise to move to the center (as Bill Clinton did after the Democrats lost control of Congress in 1994) and work with congressional Republicans to shape sensible tax and entitlement
reforms.
But there is a good chance that
reforms
will not come fast enough to lift the economy in 2005.
Reforms
to the examination system are being introduced to complement this effort.
And, with our banking reforms, we are strengthening our reputation as the home of global finance – from insurance to asset management, and from the new offshore renminbi markets to issuance of the first sovereign sukuk, or Islamic bond, in a non-Islamic country.
So, while our education
reforms
are driving up standards, we need to do more.
Though land
reforms
over the last three decades have recognized property rights for individuals and enterprises, rural land rights remain weak relative to legal conditions in urban areas.
However, in order to implement land and hukou reforms, China’s fiscal system must be overhauled.
The ECB has promised to buy Italian and Spanish sovereign bonds to keep their interest rates down, provided these countries ask for lines of credit from the European Stability Mechanism and adhere to agreed fiscal
reforms.
Reflecting these reforms, the International Monetary Fund recently projected that Italy will have a cyclically adjusted budget surplus of nearly 1% of GDP in 2013.
In the three and a half decades since China embarked on its market reforms, it has risen more rapidly along more dimensions of power than any other country in history.
That would remove an alibi that governments too often hide behind to avoid introducing the structural
reforms
that really matter for long-term growth.
Ultimately, sustaining rapid growth requires continuing to move up the global value chain, by implementing further economic
reforms
and focusing on new technologies.
Superficial complaints about the slow pace of SOE
reforms
ignore the strategic challenge of creating productive competition between SOEs and publicly listed tech giants in the digital space.
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