That is one reason why academics and policy makers thought central bank efforts to cut inflation would stimulate growth, and a failure to control inflation would always hurt it.
Disappointment with the single market's apparent failure to stimulate growth in the euro-zone has also contributed to disenchantment.
It forms an intimate bond that engages ambition, achievement, competition, criticism, fear, failure, reconciliation, growth, renewal.
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Certainly, it makes sense that entrepreneurs would benefit from a culture that accepts failure as part of growth.
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Mr Reading says the poor design of the plan contributed to its own failure by needlessly hurting growth.
The other issue, which may be even more important, deals with the failure to control the growth of government spending.
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And he claimed the government's growth strategy had been a "spectacular failure".
Japan suffered the double whammy of deflationary policy in concert with a governmental aversion to failure that sets its economic growth back immeasurably.
At PMQs on 2 November 2011, opposition leader Ed Miliband asked David Cameron if he though the latest growth figures pointed to "success or failure of his economic plan".
So just as there is market failure when there is inadequate or insufficient competition, the Republicans failed utterly to explain the far superior market policies of economic growth and prosperity, resulting in democracy failure.
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Calling the overhauls crucial for India to reverse a bleak economic outlook the country's growth rate is below 6%, its lowest in nearly a decade he cautioned that failure to adopt the measures could cause a "collapse" of growth to around 5% annually.
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The sudden increase in jobs also underline the failure of easy money to stimulate growth.
The failure of these startups to kickstart economic growth is mostly a function of size.
We know that many have tried the proliferation of WoW clones and the growth in the MMO genre illustrates that attempt and failure only too well.
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We do so because a stable and reliable banking system promotes sustained growth, and because we learned how dangerous the failure of that system can be during the Great Depression.
An even bigger obstacle is created by the failure of successive governments to spur economic growth and to shape an enterprise culture in which younger people can move easily and profitably between firms.
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But, total government employment fell by more than half a million employees as state and local governments, faced with the failure of the stimulus program to produce growth, were forced to cut payrolls in order to balance their budgets.
This can include second cancers, coronary artery disease, heart failure, lung problems and endocrine disorders (growth function and slow or delayed sexual development).
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To the contrary, aid discouraged reform of growth-defeating policies since it minimized the pain of failure and enabled governments to protect their most important political constituencies.
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To a large extent, a failure to provide reliable metrics has held back the growth of Internet search advertising because keyword auction prices are largely opaque.
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Outspoken analyst and fund manager Tom Brown, of New York-based Second Curve Capital, wrote in a letter to Citigroup's board last week that "the growth strategy lately being articulated by management will end in costly failure, " and he repeated his call for a break-up of the company.
Watching the speech in his living room, economist Orlando Ochoa said the failure to invest in basic services will soon hinder such growth.
Their failure to do so, the industry complains, is constraining growth.
The shadow chancellor insisted that the Budget was "big failure" and added there was "nothing on jobs and growth" and that it fails to get the deficit down.
Markets and economies have seemingly become addicted to bailouts and are completely resistant to the idea of short-term pain or failure in the name of more productive and healthier long-term economic growth.
Underlying growth would probably improve as well since complacency in the private sector will lead to failure by the least efficient as survival means you have to run faster to stay even.
The European Commission has said it is focusing more on "structural" budget deficits which means it won't demand more cuts from governments if their failure to meet budget targets is caused by weaker-than-expected growth.
However, if we have the chance to fail when failure has the least ramifications, then we have the opportunity for the greatest growth.
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In fact, a failure to act would have worsened our long-term deficit by assuring weak economic growth for years.
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