Stagnation
in sentence
690 examples of Stagnation in a sentence
In part, we are victims of a self-fulfilling pessimism – the view that a debt overhang dooms us to unemployment and stagnation, with nothing to be gained by attempting to use fiscal expansion or monetary innovation to counter it.
The United States may be seeing signs of a strengthening recovery, but the eurozone risks following Japan into recession, and emerging markets worry that their export-led growth strategies have left them vulnerable to
stagnation
abroad.
An emerging narrative might better explain why stimulus efforts have been unsuccessful: As former US Treasury Secretary Larry Summers has argued, the world economy may be going through a sustained period of “secular stagnation.”
The causes of the
stagnation
very much depend on which economist one asks.
If secular
stagnation
persists, these countries will have to undertake painful structural reforms, figure out how to restructure their promises (debts, social-security commitments, and pledges to keep taxes low), and distribute the resulting burden.
Even in the face of economic
stagnation
and high unemployment – especially among the young – the French are not ready “to rock the boat” to the point of abandoning the euro or the European Union.
We have an example from the early twentieth century of the political consequences of such a period of economic depression and
stagnation.
That is why fear of “secular stagnation” in today’s advanced economies has many wondering how creativity can be spurred.
Indeed, Tokyo University economist Fumio Hayashi has demonstrated that the main reason behind Japan’s 20 years of
stagnation
has been the decrease in the quantity of work performed by the Japanese.
Assuming that Hayashi and Takenaka are right about the causes of Japan’s stagnation, one must ask whether today’s Japanese are willing to work more in order to catch up with the United States and to lead Asia development?
They perceive Americans and Europeans as being obsessed with money and material ambition, and they seem ready to accept some
stagnation
as the price of remaining truly Japanese.
How long can Japan sustain this period of harmonious
stagnation?
Stagnation
is already having a big impact on Japan’s young, for whom it is becoming hard to find a job, let alone life-long employment in a leading global company.
Over the last 50 years, MENA countries have faced economic slowdowns and even
stagnation.
Unfortunately, as China has already claimed a large share of the world’s merchandise exports (10.4% in 2010) and economic
stagnation
in the West is constraining external demand, this strategy can no longer work.
Over the last 30 years or so, skill-biased technological change has fueled the polarization of both employment and wages, with median workers facing real wage
stagnation
and non-college-educated workers suffering a significant decline in their real earnings.
While past decades have centered on the establishment of a state as the pathway to collective freedom, this approach has yielded little more than years of lost hope and political
stagnation.
In the run-up to the euro crisis, Italy had undergone a long period of stagnation, while Spain had experienced an American-style housing bubble and Greece was suffering from too much government-fueled growth.
In a forthcoming book, they argue that the collapse of advanced-country growth is not merely a result of the financial crisis; at its root, they argue, these countries’ weakness reflects secular
stagnation
in technology and innovation.
He argues that the period of rapid technological progress that followed the Industrial Revolution may prove to be a 250-year exception to the rule of
stagnation
in human history.
I recently debated the technological
stagnation
thesis with Thiel and Kasparov at Oxford University, joined by encryption pioneer Mark Shuttleworth.
This is the ailment that Larry Summers, recalling a 1938 paper by Alvin Hansen, has dubbed “secular stagnation.”
Moreover, the Keynesians’ preferred policies address only the consequences of secular stagnation, not its causes – about which there is even less agreement.
All are variations on the same discordant theme: a nationalist leader comes to power when economic malaise gives way to chronic and secular
stagnation.
In the 1930s, economic
stagnation
and depression led to the rise of Hitler in Germany, Mussolini in Italy, and Franco in Spain (among other authoritarians).
The reemergence of nationalist, nativist populism is not surprising: economic stagnation, high unemployment, rising inequality and poverty, lack of opportunity, and fears about migrants and minorities “stealing” jobs and incomes have given such forces a big boost.
Only bold policies can halt Europe’s slide toward secular
stagnation
and nationalist populism.
So the right’s turn in government was followed by years of
stagnation
and exploding unemployment.
The fusion of an irresponsible right-wing campaign and economic
stagnation
made Poland’s “wandering” electorate shift in the direction of the PiS, whose success was mostly due to its leader, Jaroslaw Kaczynski, currently the right’s most prominent politician.
South Korea’s Japanese MirrorSEOUL – Given the daunting challenges facing Japan, one can only admire Prime Minister Shinzo Abe’s determination to end the country’s two-decade-long period of economic
stagnation.
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