A country that broke the rules (because it didn't want to accept higher inflation or to dampen its economy's competitive position) would squeeze the world economy in two ways: by pulling gold out of the global monetary system, and by forcing the full burden of adjustment onto deficit economies.
Conditions after re-unification were not easy for the East German labour force as the difficulties of adjustment to the Western system caused many hardships, including unemployment [ 14].
In some systems, survival does not depend on the detailed management of the society or close governmental control over social processes but is the result of sensitive political response to the forces of change, of flexible adjustment of the structures of the system to meet the pressures of innovation, and of open political processes that allow gradual and orderly development.
Third, we have to adjust, or force the adjustment of, the Political Clock to the Disaster Clock.
Exit from the labor force could be another margin of adjustment.
The surplus countries will be forced to share the burden of adjustment, either through exchange rate pressure, losses on holdings of the debt of deficit countries or through the trade channel.
All migrants will go through phases of adjustment but the permanent, forced nature of the refugee migration experience makes their integration into society more difficult [ 3, 4].
The Keynesian unemployment regime focuses on monetary and fiscal stimuli to increase output and employment back to equilibrium as it presumes that the equilibrating force from adjustment of prices and wages is inherently slow.
The existence of heavy external debt burdens has also tended to force the pace of structural adjustment programmes; the costs of adjustment are a rising function of the speed of adjustment and growth usually suffers more with shock-treatment adjustment.
For example, the present study used the psychophysical forced-choice method for measuring the response of visual CS, while Castro and colleagues used the psychophysical method of adjustment.
