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Exports would have gained competitiveness, stimulating some growth.
The euro has gained competitiveness in recent years: it has jogged between 80% and 90% of its January 1999 value for over a year.
"Since the launch of the euro, Germany has constantly gained competitiveness against its euro-peers," said Nicolaus Heinen, expert on economic and European policy issues at Deutsche Bank.
Since the introduction of the euro at the beginning of 1999, the European Central Bank calculates that Germany has gained competitiveness, not only against other major industrial nations but against all other members of the euro zone.
Interestingly, when spermatozoa were allowed to capacitate for a longer period of time, WT sperm gained competitiveness (Fig. 4 E).
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Thereafter, Brazil has been slowly gaining competitiveness against Argentina.
To gain competitiveness, the companies need to procreate new products or eliminating the existing contradictory states.
In the 1930s, it is true, with one country after another depreciating its currency, no one ended up gaining competitiveness relative to anyone else.
In a currency war, where each side fights to gain competitiveness against the others, these tumbling exchange rates presumably count as victories.
In a monetary union, with the nominal exchange rate irrevocably fixed, it is not possible to gain competitiveness by currency depreciation.
By the 1950s Toyota's automobile production factories were back in operation, and to gain competitiveness the company began a careful study of American automobile manufacturers, owing to perceived U.S. technical and economic superiority.
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