Saving
in sentence
1808 examples of Saving in a sentence
Second,
saving
and investment flows should be viewed as global, not national.
Third, full employment depends on high investment rates that match high
saving
rates.
High investment rates in turn depend on high
saving
rates.
(When American economists advise China to boost consumption and cut saving, they are merely peddling the bad habits of American culture, which saves and invests far too little for America’s future.)
Second,
saving
and investment flows are global.
A country such as China, with a high
saving
rate that exceeds local investment needs, can support investment in other parts of the world that save less, notably low-income Africa and Asia.
China’s population is aging rapidly, and Chinese households are
saving
for retirement.
Third, a high global
saving
rate does not automatically translate into a high investment rate; unless properly directed, it can cause underspending and unemployment instead.
Our global problem today is that the world’s financial intermediaries are not properly steering long-term
saving
into long-term investments.
The result is inadequate global demand (global investments falling short of global
saving
at full employment) and highly volatile short-term capital flows to finance consumption and real estate.
It encourages overconsumption, underinvestment, and rising unemployment in a rapidly aging society, and in a world that can make tremendous use of China’s high
saving
and industrial capacity.
The right policy is to channel China’s high
saving
to increased investments in infrastructure and skills in low-income Africa and Asia.
More generally, governments should expand the role of national and multilateral development banks (including the regional development banks for Asia, Africa, the Americas, and the Islamic countries) to channel long-term
saving
from pension funds, insurance funds, and commercial banks into long-term public and private investments in twenty-first-century industries and infrastructure.
The other path holds great opportunity: America can adopt a new growth strategy – moving away from excess consumption toward a model based on
saving
and investing in people, infrastructure, and capacity.
National
saving
in the Nordic countries averages more than 20% of national income, compared to around 10% in the US.
But what they can do – and have done – is emphasize risk reduction and strengthen preparedness, thereby
saving
lives and building greater resilience.
The UN’s Crimes of OmissionCAIRO – When the United Nations was founded, its primary goals, as stated in its Charter’s preamble, included
saving
future generations from “the scourge of war” and reaffirming “faith in fundamental human rights.”
Such policies might well prevent disease, thereby
saving
money, reducing human suffering, and promoting healthier and more meaningful lives.
American households are
saving
again.
They need time to build a social safety net capable of encouraging Chinese households to reduce their precautionary
saving.
Compounding the problem, they drew freely on a monstrous credit bubble to finance the gap between spending and income-based
saving.
Similarly, the personal
saving
rate stood at 4.9% in late 2013, up sharply from the low of 2.3% in the third quarter of 2005; but it remains 4.4 percentage points below the average recorded from 1970 to 1999.
Lacking in domestic
saving
and wanting to consume and grow, America must import surplus
saving
from abroad and run massive current-account and trade deficits to attract the foreign capital.
Consequently, going after China, or any other country, without addressing the root cause of low
saving
is like squeezing one end of a water balloon: the water simply sloshes to the other end.
With US budget deficits likely to widen by at least $1 trillion over the next ten years, owing to the recent tax cuts, pressures on domestic
saving
will only intensify.
Another interpretation is that people are
saving
a great deal, and that all this money is chasing investment assets, bidding up prices.
The IMF’s world
saving
rate has maintained a fairly consistent downward trend since the early 1970’s, and, while it has picked up since 2002, it is still well below the peak levels attained in the previous three decades.
True, savings rates in emerging markets and oil-rich countries have been increasing since 1970, and especially in the last few years, but this has been offset by declining
saving
rates in advanced countries.
In the long run, if primary surpluses are achieved by controlling spending, the increase in national
saving
will promote investment and growth, whereas higher tax rates would work in the opposite direction.
In fact, the blame lies squarely with US macroeconomic realities, namely a low rate of domestic
saving
and a high rate of federal borrowing, which Trump’s tax cuts will cause to increase further.
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