Eliminating this friction, or more generally barriers to opportunity, is the next phase of economic acceleration.
Unfortunately the US and all western economies have not learnt as yet what the golden key is to unleash the next phase of economic dynamism when it is constantly looking at them in the face.
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Regardless of who tops the 1999 growth charts, however, it may be more worthwhile to ask whether Thailand is well placed to handle the ensuing decade, as South-East Asia enters a new phase of economic development.
Amid the Asian economic crisis, now seemingly set for another virulent phase, the Western-influenced IMF vets economic policy in Korea, Thailand and Indonesia.
An essential guide to how to avoid repeating a particularly nasty phase of our economic history.
It is a gauge designed in collaboration with Pring Research to reflect its proprietary investment strategy, which tactically allocates among stock, bond, commodity, and cash segments based on the phase of the economic business cycle.
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It's weird to be an economics journalist reporting this: because I am coming to the conclusion that this is the next phase of the economic story - penury at the edge of Europe eating away at both social cohesion and the resilience of the financial system.
Negotiations between Russia and the WTO are in their final phase, according to Minister of Economic Development Elvira Nabiullina.
They blamed the global economic crisis and Germany's decision to phase out nuclear power in the aftermath of the Fukushima accident in Japan.
The financing package that the Cardinals put together to fund the first phase of its project reflects the tough economic climate that such projects face even as credit has become more accessible recently for real estate with proven rent streams.
"The easing recognises that the torrent of new regulation originating from the first phase of the financial crisis has somewhat weighed on economic recovery, in particular in Europe, " he said.
However, as South Sudan enters a new phase in its history, the government has no alternative other than to develop strong economic institutions to guide them.
The jobless initiative appears to be phase two of the government's strategy to stem Britain's startlingly dire economic decline, the first being Gordon Brown's announcement in October to invest government money in cash-strapped British banks, including Royal Bank of Scotland and Lloyds TSB.
This means we have to increase public awareness about the harmful consequences of biodiversity loss, integrate biodiversity preservation into development policies, phase out government subsidies that are harmful to biodiversity, and incorporate biodiversity preservation into our economic and consumption models.
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This new phase of the euro crisis shows, once again, how the underlying causes are political as much as economic.
The law also lessened the economic burden of drug development by offering a 50-percent tax credit for the costs incurred during the clinical trial phase.
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