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In Germany and, especially, in China, higher inequality has encouraged saving rather than spending.
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On the one hand, tax cuts having been limited and perceived as transitory, and this has encouraged people to save, not spend, them.
They also provided benefits to workers at many smaller companies that did not have traditional pension plans, encouraged saving and created a portable plan better suited for the modern, job-hopping work force.
An increased student debt burden associated with higher education and the cost of financial support for their families are among factors that may have encouraged early saving.
The benign version of the global-imbalances story posits that higher productivity in the U.S. has given Americans both a revaluation of their assets and an expectation of higher future income, which has encouraged them to spend more and save much less than before.
"The downturn in the economy has encouraged smaller businesses, in particular, to look for ways to save money," he said.
Convinced by the role of hand hygiene in the fight against the spread of pathogens both in hospitals and in the community, the Ministry of Health has encouraged Benin Hospitals which belong to the global initiative "Saves Lives: Clean Hands Yours".
Provision of free GPS signals by the federal government has encouraged producers to use new precision tools, techniques, and services to enhance their efforts to save energy and reduce costs [1].
Daley has encouraged experiments.
First, it has encouraged innovation.
This has encouraged more uprisings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com