Kudlow has long recognized what makes progress and prosperity possible: tax cuts, sound money -- low or no inflation, free trade, deregulation and spending restraints.
Kudlow has long recognized what makes progress and prosperity possible: tax cuts, sound money -- low or no inflation, free trade, deregulation and spending re-straints.
For example, Ramos was committed to trade liberalization and deregulation.
Then Japan could focus on deregulation and trade opening so businesses are forced to invest in becoming more productive.
The Fed chairman is convinced that freer global trade, national economic deregulation and gains in information technology have all already contributed to the economy's ability to withstand and recover from shocks.
They dare not antagonise their supporters in the bazaars with a programme of privatisation, deregulation and freer trade.
Mr McCain offers orthodox supply-side solutions, stressing deregulation, free trade, competitiveness and the use of market mechanisms to cure the problems in everything from health care to education to pensions.
This may seem counterintuitive but they fear protectionism in Washington and know that the less successful their nation appears, the less likely American trade negotiators are to press for deregulation and market opening.
Lower trade barriers, more flexible work practices and deregulation of product markets have boosted productivity growth and put the economy on a better footing to withstand shocks.
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The Club for Growth is a conservative group whose goals include making President Bush's tax cuts permanent, repealing the estate tax, cutting government spending and promoting free trade and tort reform not to mention deregulation in general.
What it did comprise, in summary, was fiscal and monetary discipline, opening up to foreign trade and investment, and large-scale privatisation and deregulation.
That is not because deregulation inherently carries the risk of more blackouts a trade-off, some say, necessary to get cheaper power.
The huge changes that have swept the world economy since 1980 globalisation, deregulation, the information-technology revolution and the associated expansion of trade, capital flows and global supply chains narrowed income gaps between countries and widened them within them at the same time.
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Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997.
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