Declining labor costs and the labor market reform will help, but it will take time.
Clinton met with Kyrgz President Askar Akayev, who has been a champion of market reform.
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Faltering stabs at free-market reform have failed to mollify investors wary of cronyism and corruption.
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What does all this say about the possibilities of more radical labour-market reform in Europe?
Unlike the Grand Bargain the Kyl Amendment offers real incentives to systemic democratic and free market reform.
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But those on the left are outraged by the idea of labour market reform and welfare cuts.
For all these reasons governments, in seeking to promote labour-market reform, are likely to shun deregulatory regimes.
In the long term, the solution to Germany's slow rate of job creation lies with labour-market reform.
This time, however, it would be an occasion for burying Russian democracy and free market reform .
After Jacques Chirac's recent retreat over labour-market reform, there is little political appetite to take on French farmers.
Maybe it will leave the world on a wave of modernist, free-market reform.
The worry is that France's recent relative economic strength will undermine its willingness to contemplate more radical labour-market reform.
It is easier for Mr Blair to impose market reform on his party.
Faced with higher energy costs and little hope of labour-market reform, other big companies are also thinking of leaving Sweden.
And the unions exist precisely to put the point of view of those who would lose most from labour-market reform.
The change of course signalled by the government's modest labour-market reform in June will surely have to be taken further.
Now he's working hard within the bureaucracy to undermine mark-to-market reform in order to force banks to go along with his scheme.
My money is on continued growth, market reform and, while not democracy, more constraints on party power and greater rule of law.
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That mix of political control and market reform has yielded huge benefits.
But this is really an argument for labour-market reform to minimise the cost of recessions, not one for measures to prevent them altogether.
There has been little movement towards market reform, and moves towards currency convertibility last year have been undermined by severe trade and financial restrictions.
What the incoming government should do is to let go the GDP- ism, and address the confidence crisis by pushing forward with market reform.
U.S. Treasury Secretary Henry Paulson has made energy and financial market reform in China a focus of the "Strategic Economic Dialogue" between Washington and Beijing.
Many of Mr Cameron's policies such as pro-market reform of schools are Blairite ideas that Mr Brown resisted as chancellor and failed to advance as prime minister.
As Russia conceded defeat in Chechnya and recommitted itself to market reform, the beginning of Mr Yeltsin's second term was greeted optimistically in western capitals.
Then there's a Ten Minute Rule Bill on housing market reform.
His faith in market reform is considerably shakier than Mr Strauss-Kahn's.
That means boosting productivity through labour-market reform, immigration policies and free trade, none of which the ruling Democratic Party of Japan has been keen on so far.
But the last major labour-market reform was completed in 1991.
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