The amount of capital wasted in the boom years continues to drag economies down.
"Determining where this capital is spent needs to be an important issue for investors, otherwise there is going to be a lot of capital wasted in coming years on developing fossil fuel reserves that cannot be burned".
From Table 5, the results of the analysis indicate that FDI negatively affects aggregate productive inefficiency but positively affects the inefficiencies of capital, waste gas, and the number of patients.
Of course capital is wasted in a speculative boom, and much of that capital must be written off.
Ultra-deepwater projects, which drill in ocean depths greater than 1500m, expose Total and BP to the risk of capital being wasted, the report concludes.
But the mayor, not to mention those 1.1m children, may well rue the time and political capital he wasted last year on barmy plans to relocate baseball stadiums and make New Yorkers polite.
Two key requirements that everyone had to understand were the need for speed and an end to the crippling political battles that resulted in scarce capital being wasted on little or no standardisation of parts and a ridiculous number of platforms (19 in 2006 will become six by 2012).
It has no political capital to waste".
Studies also show that much talent and human capital is wasted due to 'downward mobility'undervaluationion' and problems of de-qualification (Kelo & Wachter, 2004; Favell & Nebe, 2009).
Less human and physical capital is wasted.
Without any top political appointees in place at Treasury, Geithner had no one to bail him out on the AIG mess to make up for his tone-deafness, monitor the bonus process and prod him to nip the issue in the bud before it could explode into a capital-eating and capital-wasting fireball.
