As a result, analysts say, the company's neglected and inefficient operations now need billions of dollars in new investment.
Lending is also becoming inefficient: it now takes $4 of loans to generate a dollar of growth in China, reckons Odey.
Their solar cell is super inefficient right now (the researchers have to help the reaction along a bit) but they say that with time and effort they may get to a level of efficiency 10-155%, which means nothing to me) that could provide a "clean source of hydrogen fuel from water and sunlight".
The prominent policymakers' belief that economic growth can solve everything has created a system so wasteful and inefficient that now it seems that the only hope we have is in those grassroots organizations that a decade ago we were laughing at but that today, in a very different world, we are starting to eulogize.
India, long condescended to as an "inefficient democracy", is now earning credit for its achievements and is ready to "cash the democracy dividend".
Thieu's government, corrupt and inefficient as ever, now faced enormous difficulties with inflation, unemployment, apathy, and an enormous desertion rate in the army.
However, this approach seems now inefficient due to a number of reasons, and alternatively, genetic engineering for improving crop salt tolerance is being actively followed these days by the plant scientists, world-over.
Even though Nigeria is such a big oil producer, for instance, its few refineries are so old and inefficient that it now has to import the bulk of its petrol and kerosene, a huge extra cost to business.
Philips has been at the forefront of moves to upgrade the 75% of the world's lightbulbs that are inefficient, with LEDs now accounting for nearly a third of the firm's global sales.
By writing a book about it, I will hopefully inspire officials to reduce the dead weight that inefficient governance is now plopping onto their respective cities.
