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Despite a long streak of fast growth, generating jobs for the country's 350 million peasants remains urgent.
"All our reflections have and must have a central aim," he said, "sustained economic growth generating decent jobs and an all-out war on poverty".
"This decision delays the possibility of sparking growth, generating jobs and investing more in infrastructure, energy, schools, hospitals and extending social security," Mr. Fox said.
Reaganomics, as his economic program became known, was based on the theory that a cut in taxes would stimulate economic growth, generating higher revenues and making the deficit disappear.
What they could really do with is a bit of the pain-free deficit reduction that comes with strong growth generating more tax revenue.
EA shattered its goal for digital revenue growth — generating more than $1.2 billion* in fiscal 12 for a 47percentt year-over-year growth, and driving operating margin to 10%.
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"It shows we are determined to deliver this once-in-a generation opportunity to drive growth, generate jobs, and secure our country's future prosperity.
As Friedman points out, the idea that faster G.D.P. growth generates higher productivity growth (and higher wages) has historical support.
Unemployment has fallen since January 1999, when it reached 7.8percentt, as a return to economic growth generates more jobs.
Rapid G.D.P. growth generates big job gains, bids up wages, and draws discouraged workers back into the labor force.
It has been estimated that for sub-Saharan Africa, growth generated by agriculture is 11 times more effective in reducing poverty than GDP growth in other sectors".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com