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Nor are there clearly identifiable differences in doctrine that should translate into a reasonable expectation of better economic performance under one party than the other.
None of this will translate into an effective offensive against terrorism, either.
Venezuela’s recovery depends on its capacity to translate the current catastrophe into a set of new social norms of the form: “never again shall we…”It wouldn’t be the first time in Latin America that new taboos rose from economic ruins.
But even the best and most up-to-date donor policies will remain vain exercises if governments in developed countries fail to translate their commitments into hard cash and improvements in agricultural investment worldwide.
Taken together, schooling and family planning could translate into a 120-gigaton reduction in carbon dioxide emissions over the next three decades, as fewer people consumed fewer resources.
But greater ownership does not translate into full contentment.
Finally, it must be recognized that - for whatever reason - even the best-intentioned policies do not necessarily translate into results.
Why, when it comes to dying, do democratic institutions so often fail to translate what people want into legislation?
And it is the investment needed to translate new knowledge into actual innovation that links the supply and demand sides and generates growth.
Indeed, Russia itself is a perfect example of how constitutional language does not always translate into reality.
In 2013 and 2014, energy firms dominated business investment, and cutbacks in the sector will translate into lost jobs and dropping demand for the manufacturers and service companies supplying the industry.
While US consumers have so far saved a large proportion of the windfall they have received through cheaper gasoline prices, the gains for households are starting to translate into higher levels of spending.
All of this will translate into more pollution-related hospital admissions, projected to rise to 11 million in 2060, from 3.6 million in 2010.
The tightening of the labor market should have led to higher wages, which would ultimately translate into higher prices.
But now, as Macron attempts to translate his victory into a viable government, the fates of the National Assembly, the Senate, and the Fifth Republic itself may well be at stake.
Were China to revalue its currency, its farmers would be worse off; but in a world of free(r) trade, US farm subsidies translate into lower global agricultural prices, and thus lower prices for Chinese farmers.
And, while affirmative action has also significantly increased women’s political representation, limited political leadership gains have yet to translate into real benefits for women in general.
But this does not translate into recovery in Europe.
How does a savings glut translate into exports, given that households do not export?
And the housing wealth of existing owners does not translate into significantly higher spending, given the lack of access to home-equity loans and cheap mortgage refinancing.
That would allow the United States and other countries to enact the necessary legislation, and provide United Nations negotiators time to translate the COP15 Declaration into an appropriate, workable legal structure.
More worrying still, much of this will translate into long-term unemployment.
While high-level meetings and speeches about AMR send the right message, they will mean nothing if we do not manage to translate the current momentum into concrete action, beginning at the G20 and UN meetings this September.
But to affect global interest rates, these trends have to translate into increased global savings.
But it has a lot to do before then, not only to establish a unified approach, but also to translate that approach into strong tactics and a clear message at COP21.
As the United Kingdom’s National Grid operators have found, a small decline in electricity consumption does not translate into less energy being pumped into the grid, and therefore will not reduce emissions.
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.
As a result, solutions to poverty often implicitly assume that more material wealth or improved living conditions will automatically translate into non-tangible benefits, including improved mental wellbeing.
In the long run, as labor shortages become acute, China will need to relinquish some low-end, labor-intensive manufacturing activities, which will translate into decelerating export performance and lower economic growth.
But theory does not always translate into practice; while the BOJ’s introduction of negative rates almost immediately pushed the interest-rate structure lower, as expected, the policy’s effects on the yen and the stock market have been an unpleasant surprise.
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