As emphasized in Kollintzas et al. (2012), the workings of the insider outsider society explain the "twin deficits" formation, as a consequence of demand-side as well as supply-side effects.
The inevitable consequence of demands for ever greater speed, striking power, and endurance meant that displacement, and hence cost, of dreadnoughts tended to increase.
The modest uptick in growth is primarily a consequence of Swedish demand for Latvian timber.
All of this suggests that most of our high unemployment is still the consequence of low demand.
Supply shocks, for instance, do more damage to global growth than higher prices that are the consequence of stronger demand.
Burning fossil fuels emits greenhouse gases as a consequence of our demand for the energy they release so we can run industries, power lecture theatres or produce newspapers.
Some of the disruption is an inevitable consequence of faltering demand as the world economy slows; some traffic will be liberated as a result of the thaw in interbank-lending markets.
Dr Maureen Baker, chair of the Royal College of GPs, said: "Across England we are working harder than ever to meet the needs of our growing and ageing population but longer waiting times is a sad but inevitable consequence of increasing demand not being matched with the appropriate resources in general practice, or enough GPs.
Second, creating additional IMCU beds may have the unintended consequence of creating demand for beds that did not exist previously, with the only outcome being increased cost.
