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In the developing world, meanwhile, a second contributory factor is that many countries with fast-growing populations also have inefficient labour markets.
It has horribly inefficient labour contracts that require formerly United crews to fly on United aircraft and formerly Continental crews to fly on Continental aircraft.
This error has since been compounded by the politicians' failure to speak with one voice (or, perhaps better still, not to speak at all) about the currency's value.Yet the real argument for the euro was that it would boost economic growth by unleashing new forces of competition across Europe that would foster more structural reforms to the continent's inefficient labour and product markets.
By the late 20th century, however, coal reserves in Wallonia were exhausted, the aging steel industry had become inefficient, labour costs had risen dramatically, and foreign investment (a major portion of the country's industrial assets are controlled by multinational companies) had declined.
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Remember too that what was closed might have been an inefficient labour-intensive steam-era semaphore-signalled railway, not a modern diesel or electric line.
But farmers also pointed out several shortcomings of the mass mobilization approach (e.g., inefficient in labour utilization, lack of benefit sharing mechanism).
It is usually made in small-scale simple kilns that are very damaging to the environment, very inefficient and labour intensive.
Politicians also need to act: Italy's public sector is too large and too inefficient, its labour market too rigid and its infrastructure weak, she complains.
If this arises from an inefficient domestic labour market, then the host country may be able to improve the outcome of new immigrants through better coordination between immigration and labour market policies.
Under Mr Kirchner, Argentina's priority has been to protect inefficient but labour-intensive industries as it recovers from socio-economic collapse in 2001-02.
An unexpected hurdle was that methods to culture and differentiate hPSCs were inefficient and labour-intensive [ 5].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com