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But that may be unavoidable given their divergent growth paths.
Broader government strategies have distorted countries' growth paths in a manner that increased income gaps.
Then one can investigate the way economics might approach and reach these steady-state growth paths from given starting points.
The result, as Wilcox and his colleagues persuasively argue, is that productive capacity and the effective labor force have moved onto diminished growth paths.
And, most of all, central banks cannot enact the structural economic and financial reforms needed to return economies to the real growth paths authorities and their publics both want and expect.Doesn't that seem fair enough?
Either we both put our nations on more sustainable growth paths — which requires cutting, taxing and investing for the future — or we're looking at a world in which democracies are going to turn on themselves and fight over shrinking pies, with China having a growing say over how big the slices will be.
Similar(16)
And what about our growth path?
Now they need to find a growth path".
"Kayaking's on a growth path for the past 10 years.
Together, all these elements would put Greece back on to a growth path.
"It was extremely important for Starz to get back on its growth path".
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