Reforms
in sentence
4494 examples of Reforms in a sentence
India is feeling confident about itself, especially in view of its growing role in the world of high technology and a decade of successful
reforms.
As the Economic Commission for Africa concluded in its recent report: “Civil society and the media have increased their voice and power in the last decade of democratic reforms.”
Indeed, all major legislation and
reforms
are likely to be stalemated until 2013, following a new presidential election.
So the policy focus would be on long-term
reforms.
In Mexico, before recent reforms, 2-4 million households either spent 30% or more of their disposable income or fell below the poverty line because of catastrophic health spending.
More broadly, officials in emerging economies should restart
reforms
that enable further domestic financial-market development.
True, German growth owes much to the country’s willingness a decade ago to engage in painful economic reforms, especially of labor-market rules.
German leaders believe, with some justification, that if France and Italy were to adopt similar reforms, the changes would work wonders for their economies’ long-term growth.
Indeed, the ECB will soon have to confront the fact that structural
reforms
and fiscal austerity fall far short of being a complete solution to Europe’s debt problems.
Moreover, given aging populations and low productivity growth, potential output is likely to be eroded in the absence of more aggressive structural
reforms
to boost competitiveness, leaving the private sector no reason to finance chronic current-account deficits.
And, because the country’s new leadership – which is conservative, gradualist, and consensus-driven – is unlikely to speed up implementation of
reforms
needed to increase household income and reduce precautionary saving, consumption as a share of GDP will not rise fast enough to compensate.
Whether they will embrace
reforms
aimed at boosting the private sector’s role in economic growth remains to be seen.
This is partly because of America’s health-care system, which still leaves poor Americans in a precarious position, despite President Barack Obama’s
reforms.
To be sure, since 2008, Mexico has sought to implement far-reaching
reforms
of the criminal justice system, and last year, it created a national anti-corruption system.
Such a policy response would have to include pro-growth structural
reforms
(such as higher infrastructure investment, a tax overhaul, and labor retooling), more responsive fiscal policy, relief for pockets of excessive indebtedness, and improved global coordination.
Zombie banks should be restructured, excessive debts (both private and public) written down, and increased investment combined with
reforms
to boost productivity (and thus wages).
Important structural
reforms
were implemented, particularly privatization.
Instead of focusing on structural
reforms
to liberate the economy’s productive forces, it relied on income cuts and tax increases.
The incompetence of the governments that implemented the agreement exacerbates that defect by sidelining structural
reforms
and enacting only the terms concerning austerity.
Rather, it seeks to provide policymakers with benchmarks that can serve as a starting point for discussion of beneficial
reforms.
The project has been a rare World Bank success, recording almost 2,000
reforms
over the past decade, and has proved to be a valuable tool for policymakers in developing economies to spur reform and enhance investment.
Still others have argued that Doing Business contains built-in biases against regulation and taxation, which may create incentives for countries to enact
reforms
that game the system rather than produce meaningful results.
For those in the United States who have rightly concluded that the half-century trade embargo has proved counter-productive, this is an appealing halfway response that provides an alibi for moderation: one day, economic
reforms
will bring political change.
Invoking pragmatism to justify continued human rights violations in Cuba merely because economic
reforms
might dissuade a mass exodus to Mexico and Florida is a bad idea.
Sarkozy has less than six months to implement the key
reforms
necessary if France wants to catch up with Europe’s growth leaders.
But the new government seems likely to miss the opportunity afforded by Germany’s strong economic and financial situation to pursue much-needed
reforms.
In June, speaking at the St. Petersburg Economic Forum, Medvedev mesmerized his audience by simultaneously sounding avant-garde and hackneyed: he attacked corruption, vowed that Russia is not “building state capitalism,” and promised legal and federal
reforms.
But Russia’s stellar economic performance has little to do with Putin’s policy, and a lot to do with the
reforms
Yeltsin embraced.
To be sure, Putin should be praised for substantial economic
reforms
during his first three years.
Ukraine is fortunate to have a new government that is more determined and more likely to deliver the
reforms
for which both its citizens and its outside supporters have been clamoring.
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