This gives the country's steelmakers a big advantage which, in turn, could help to boost the competitiveness of their customers.
Essentially this means pushing here and there to boost the competitiveness of most established economies while encouraging consumer spending in high-savings emerging economies, especially China.
Mr Cox embraced the more radical approach approved this week in the belief that it would boost the competitiveness of American firms by removing barriers to investment.
But Mr. King also had a further message for politicians that some would argue he should have spelt out much more clearly before now: that the only sure-fire way to boost the long-term growth of an economy lies in structural overhauls designed to boost competitiveness and the supply potential of the economy.
This plan was big on reforms to boost competitiveness with the best performer to be used as a benchmark for others to emulate.
Prime Minister Shinzo Abe took office in December, vowing to boost the economy by restoring Japan's export competitiveness, while at the same time stimulating demand at home through higher public works spending.
The French president, Nicolas Sarkozy, has put pressure on the ECB to cut rates in order to reduce the value of the euro and boost European competitiveness.
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But it's unclear how either of those two measures would directly boost competitiveness, or the ability of euro-zone businesses to produce world-beating goods and services at low cost.
Many Conservatives on the right of the party argue the government's pro-growth initiatives are inadequate and that changes to the labour market, tax cuts and other "supply side" measures needed to boost competitiveness are being held back by the Lib Dems.
By removing the option of devaluing to boost competitiveness, it may deter wage claims that price workers out of jobs.
Indeed, the biggest boost governments can give to national competitiveness is to stop doing some things.
And it runs against the thrust of Europe's response to the euro crisis, which is to boost competitiveness, not to coddle inefficiency.
But in the main countries there is almost no progress on the micro-economic reform needed to boost sagging competitiveness, argues Joyce Chang of J.
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But officials are at pains to point out that, rather than help specific industries, the main thrust of the new policy is to try to boost competitiveness more generally by promoting innovation, higher education and training.
It wants tougher European supervision of big banks (perhaps by the European Central Bank), commitments to boost competitiveness, and perhaps harmonised taxes.
Few G-20 countries have used the time bought by past stimulus to make the vital supply-side reforms to boost productivity and competitiveness.
To boost competitiveness and growth, as well as improve the budget, it must embrace radical tax changes, cuts in public-sector pay and pension reforms.
Tariff cuts, noted the official China Daily, would force enterprises to boost their competitiveness or go bankrupt.
The biggest question surrounds France, which has long resisted the sort of supply-side reforms needed to boost competitiveness.
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So, it's argued, it would be in the interests of rUK to do a deal to boost trade, competitiveness and financial stability.
Although watered-down in terms of union transparency, the bill has the potential to increase productivity, to boost employment, and to improve competitiveness.
At the same time, the Bush administration has recently begun working on a program to boost U.S. competitiveness globally.
Abe has pledged to boost Japan's competitiveness and push ahead with difficult reforms needed to sustain growth in the longer run, while at the same time stimulating demand at home through higher public works spending.
Following criticism that too much regulation is driving foreign investment to markets abroad, the U.S. Treasury Department is drafting a plan to streamline regulations and boost competitiveness.
"If there was one single measure that would have resolved the problem, just like clearing a fog, then we wouldn't have been in this state for the last 15 years, " he said at the news conference, reiterating that in addition to monetary policy, efforts to boost growth and competitiveness also were necessary.
Since then, a number of Tory MPs have warned that the UK is being left behind in aviation, saying a new runway is needed to boost trade and competitiveness.
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