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Yet China's gains need not come at America's expense.
On an after-tax basis, affluent investors with short-term gains need a 32percentt higher rate of return to match long-term investors.
Since bin Laden's death Mr Obama has moved closer to the British view that the recent military gains need to be backed up by a "political surge", which means trying harder to get talks going with the Taliban.
While there may be no alternative but to immediately rebuild, create jobs through public works and provide other humanitarian assistance immediately after conflict, these gains need much broader support if they are to be sustained in the longer term.
Immediate gains need to be backed up by investment over the long term, and solutions can also be found in the creation of government energy bonds, to fund and incentivise the exploitation of the UK's vast marine and offshore wind resources.
Li, a Chinese economist, insisted that China has no plans to take over, and that its gains needn't be the West's losses: "China's emergence is not implying it will dominate.
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In an e-mailed response to a Times inquiry, Gindin wrote: The economist-speak of "net welfare gains" needs to be unpacked.
How can Government put in place the investment incentives that will recognise the initial costs, but also the long-term gains, needed to bring contaminated brown field sites back into use?
Most of the income gains needed to end poverty, therefore will need to come from activities in rural areas (World Bank, 2015).
Biotechnology may also help achieve productivity gains needed to feed a growing global population and preserve wild or fragile land from cultivation.
Work on strengthening the FOIA and protecting hard-won gains needs to continue.
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